Top Legislation - View All
Also tagged in: Civil rights, Collective bargaining, Constitution, Constitutional amendments, Discrimination in employment, Economic policy, Employee rights, Families, Full employment policies, Labor, Labor unions, Medical care, Medicine, Occupational health and safety, Pay equity, Public assistance programs, Unemployment, Unemployment insurance, Wages, Welfare, Women
Latest Action: 03/01/2007 - Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties. Bill TextProposing an amendment to the Constitution of the United States respecting the right to full employment and balanced growth. 2/13/2007--Introduced. Constitutional Amendment - Provides that every person has the right to: (1) work; (2) free choice of employment; (3) just and favorable conditions of work; (4) protection against unemployment; and (5) equal pay for equal work, without any discrimination. Provides that all persons who work have the right to: (1) just and favorable remuneration ensuring for themselves and their family an existence worthy of human dignity, and supplemented, if necessary, by other means of social protection; and (2) form and join trade unions for the protection of their interests.
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 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 liens, 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: Administrative procedure, Air pollution, Alternative energy sources, Automobile industry, Automobile tires, Automobiles, Biomass energy, Business, Communications, Congress, Congressional oversight, Congressional reporting requirements, Consumer education, Consumers, Criminal justice, Department of Transportation, Diesel motor, Economic policy, Economic statistics, Electric batteries, Electric vehicles, Emblems, Emergency management, Energy, Energy prices, Energy research, Energy shortages, Energy supplies, Environmental protection, Executive departments, Fines (Penalties), Fraud, Fuel consumption, Gasoline, Government information, Government paperwork, Government procurement, Government statistics, Government vehicles, Greenhouse gases, Labeling, Labor, Law, Marketing, Motor vehicle pollution control, Motor vehicle safety, Parties to actions, Petroleum, Petroleum industry, Profit, Public contracts, Recycling of waste products, Restrictive trade practices, Science policy, Signs and symbols, Solid wastes, Standards, Transportation, Transportation research, Trucks, Wholesale trade
Latest Action: 04/07/2008 - Committee on Commerce, Science, and Transportation. Reported by Senator Inouye with an amendment in the nature of a substitute. With written report No. 110-278. Bill TextA bill to improve passenger automobile fuel economy and safety, reduce greenhouse gas emissions, reduce dependence on foreign oil, and for other purposes. 4/7/2008--Reported to Senate amended. (There is 1 other summary) Title I: Corporate Average Fuel Economy Standards - Ten-in-Ten Fuel Economy Act - (Sec. 102) Amends federal transportation law to instruct the Secretary of Transportation to prescribe average fuel economy standards for automobiles, medium-duty trucks, and heavy-duty trucks for model years 2011-2030. Provides for increased average fuel economy standards for medium-duty trucks and heavy-duty trucks through 2030. Requires the Secretary to prescribe average fuel economy standards for automobiles beginning in model year 2011 that achieve a combined fuel economy standard for model year 2020 of at least 35 miles per gallon, with at least a four percent greater average fuel economy standard than the standard for the previous model [...] show full description
Latest Action: 01/22/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to provide an incentive for expanding employment in rural areas by allowing employers the work opportunity credit for hiring residents of rural areas. 1/22/2007--Introduced. Rural Economic Development and Opportunities Act of 2007 - Amends the Internal Revenue Code to allow an employer to claim a work opportunity tax credit during the next five years for the hiring of employees who live in a rural area and perform services for such employer in a rural area.
Also tagged in: Administrative remedies, Bankruptcy, Collection of accounts, Consumer credit, Consumers, Counseling, Credit bureaus, Debtor and creditor, Earnings, Education, Fees, Finance, Government information, Government publicity, Governmental investigations, Higher education, Interest rates, Labor, Law, Loan defaults, Social services, Student loan funds
Latest Action: 02/07/2007 - Sponsor introductory remarks on measure. (CR S1711) Bill TextA bill to provide student borrowers with basic rights, including the right to timely information about their loans and the right to make fair and reasonable loan payments, and for other purposes. 2/7/2007--Introduced. Student Borrower Bill of Rights Act of 2007 - Urges the Department of Education to enforce vigorously rules requiring lenders to complete lender verification certificates in a timely manner for borrowers seeking to consolidate loans. Amends the Higher Education Act of 1965 to require specified loan participants under the Federal Family Education Loan (FFEL) and Federal Perkins Loan programs to disclose to each national credit bureau organization any on-time payments made for such loans and their status as student loans. Requires FFEL consolidation loan borrowers or lenders to pay the Department 1% of the balance owed on the sum of such loans to obtain a subsequent FFEL consolidation loan. Allows borrowers to refinance Federal Direct Consolidation [...] show full description
Also tagged in: Affordable housing, Budgets, Case management, Community health services, Congregate housing, Congress, Congressional reporting requirements, Continuum of care, Counseling, Crime prevention, Criminal justice, Dental care, Disabled, Drug abuse, Drug abuse treatment, Education, Evaluation research (Social action programs), Families, Family services, Federal aid to housing, Finance, Government information, Government paperwork, Government publicity, Grants-in-aid, Health education, Health policy, Homeless, Housing, Job training, Labor, Management information systems, Medical care, Medicine, Mental health services, Mental illness, Nonprofit organizations, Parent and child, Performance measurement, Personal budgets, Social services, Standards, Welfare
Latest Action: 02/14/2007 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S5633-5634) Bill TextA bill to amend the Public Health Service Act to establish a grant program to provide supportive services in permanent supportive housing for chronically homeless individuals, and for other purposes. 2/14/2007--Introduced. Services for Ending Long-Term Homelessness Act - Amends the Public Health Service Act to require the Secretary of Health and Human Services, acting through the Administrator of Substance Abuse and Mental Health Services Administration, to design national strategies for providing services in supportive housing that will assist in ending chronic homelessness and to implement programs that address chronic homelessness. Requires the Secretary to make matching grants to eligible entities to provide services that promote recovery and self-sufficiency and that address barriers to housing stability to chronically homeless individuals in, or who are scheduled to become residents of, permanent supportive housing and to other individuals and families who have [...] show full description
Also tagged in: Afghanistan, Armed forces, Armed forces abroad, Budgets, Civil liberties, Congress, Congress and military policy, Congressional oversight, Congressional powers, Congressional reporting requirements, Counterterrorism, Criminal justice, Defense budgets, Defense economics, Defense policy, Democracy, Diplomacy, Diplomats, Economic assistance, Egypt, Energy, Ethnic relations, Europe, Foreign aid, Foreign policy, Human rights, Insurgency, International affairs, International relief, Iran, Iraq, Iraq compilation, Job training, Jordan, Kuwait, Labor, Law, Middle East and North Africa, Military bases, Military occupation, Military operations, Military posture, Military readiness, Military training, Military withdrawal, Minorities, Negotiations, Peace, Petroleum, Petroleum industry, Politics and government, President and foreign policy, Presidents, Religion, Religious liberty, Rule of law, Saudi Arabia, South Asia, Syria, Terrorism, Turkey, War and emergency powers, War relief
Latest Action: 03/20/2007 - Committee Hearings Held. Bill TextTo provide for the withdrawal of United States Armed Forces from Iraq, to authorize assistance for Iraq, and for other purposes. 1/23/2007--Introduced. Comprehensive Strategy for Iraq Act of 2007 - States that authority for the President to use the Armed Forces in Iraq as provided by P.L. 107-243 expires on December 31, 2007. Prohibits the obligation or expenditure of funds for the purpose of establishing or maintaining a permanent U.S. military presence in Iraq through the establishment or use of military installations or facilities in Iraq intended to be under the exclusive control of the Armed Forces rather than under the control of the government of Iraq. Directs the President, within 30 days after enactment of this Act, to report to Congress outlining a strategy to end U.S. combat operations in Iraq. Authorizes the President to provide assistance: (1) for Iraqi employment projects upon a certification to Congress that the government of Iraq has concluded [...] show full description
Also tagged in: Administrative procedure, Automobile industry, Business, Department of Transportation, Energy, Energy efficiency, Executive departments, Fuel consumption, Labor, Law, Motor vehicle safety, Standards, Transportation
Latest Action: 02/02/2007 - Referred to the Subcommittee on Energy and Air Quality. Bill TextTo require higher standards of automobile fuel efficiency with the goal of reducing the amount of oil used for fuel by automobiles in the United States by 10 percent beginning in 2017, and for other purposes. 1/24/2007--Introduced. Amends federal transportation law to direct the Secretary of Transportation by regulation to prescribe (corporate) average fuel economy (CAFE) standards for automobiles manufactured after 2009 that ensure that the CAFE achieved by automobiles manufactured after 2016 is at least 33 miles per gallon, and meets other specified criteria. Authorizes the Secretary to establish separate standards for different classes of automobiles according to size. Authorizes the Secretary to establish a CAFE credit trading program to allow a manufacturer that exceeds fuel economy standards to sell credits to another manufacturer.
Also tagged in: Aggression, Armed forces, Arrest, Caribbean area, Civil liberties, Civil rights, Compensation (Law), Concentration camps, Congress, Congressional reporting requirements, Criminal justice, Defense policy, Deportation, Detention of persons, Directories, Europe, European American ethnic groups, Executive departments, Executive orders, Expropriation, Federal advisory bodies, Foreign agents, Foreign policy, Genocide, Government information, Government paperwork, Government publicity, History, Immigration, International affairs, Jewish holocaust (1939-1945), Jews, Labor, Latin America, Latin Americans, Law, Legislation, Military personnel, Political persecution, President and foreign policy, Presidents, Public meetings, Recruiting and enlistment, Refugees, Repatriation, Right of property, Right to travel, War, World War II
Latest Action: 05/24/2007 - Sponsor introductory remarks on measure. (CR S6608-6609) Bill TextA bill to establish commissions to review the facts and circumstances surrounding injustices suffered by European Americans, European Latin Americans, and Jewish refugees during World War II. 5/4/2007--Reported to Senate without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary of that version is repeated here.)Wartime Treatment Study Act - Establishes the Commission on Wartime Treatment of European Americans to review U.S. government wartime treatment (from September 1, 1939, through December 31, 1948) of European Americans and European Latin Americans.Requires the Commission to review: (1) government actions with respect to European Americans and European Latin Americans pursuant to the Alien Enemies Acts, Presidential Proclamations 2526, 2527, 2655, 2662, 2685, Executive Orders 9066 and 9095, and related directives pertaining to the registration, arrest, exclusion, internment,[...] show full description
Also tagged in: Administrative remedies, Armed forces, Blind, Cemeteries and funerals, Commemorations, Data banks, Defense policy, Department of Veterans Affairs, Directories, Disabled, Education, Executive departments, Eye diseases, Government information, Government paperwork, Higher education, Labor, Law, Medical care, Medicine, Military cemeteries and funerals, Monuments and memorials, Pensions, Signs and symbols, Student employment, Survivors' benefits, Technology, Veterans, Veterans' disability compensation, Veterans' education, Veterans' medical care, Veterans' pensions
Latest Action: 12/26/2007 - Became Public Law No: 110-157. Bill TextAn act to amend title 38, United States Code, to improve low-vision benefits matters, matters relating to burial and memorial affairs, and other matters under the laws administered by the Secretary of Veterans Affairs, and for other purposes. 12/26/2007--Public Law. (There are 3 other summaries) Dr. James Allen Veteran Vision Equity Act of 2007 - Title I: Low-Vision Benefits Matters - (Sec. 101) Modifies the standard for awarding disability compensation to veterans for loss of vision to require payment of compensation for impairment of vision due to a service-connected disability resulting in 20/200 (currently, 5/200) visual acuity or less. (Sec. 102) Modifies the above standard in the case of impairment of vision (currently, blindness) involving both eyes due to a service-connected disability in one eye and a non-service-connected disability in the other eye to require payment in the case of impairment resulting in a visual acuity of [...] show full description
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Latest Legislation - View All
Also tagged in: Arkansas, Bonds, Books, Business, Charitable contributions, College costs, Depreciation and amortization, Disaster relief, Displaced persons, Education, Elementary and secondary education, Emergency management, Environmental protection, Finance, Floods, Food, Government information, Government paperwork, Grants-in-aid, Higher education, Housing, Housing finance, Humanities, Illinois, Income tax, Indiana, Individual retirement accounts, Inventories, Iowa, Kansas, Labor, Loans, Losses, Low-income housing, Michigan, Minnesota, Missouri, Mortgages, Nebraska, Pensions, Residential rehabilitation, Social services, Solid wastes, Storms, Tax credits, Tax deductions, Tax exclusion, Tax exemption, Tax penalties, Tax returns, Taxation, Textbooks, Tornadoes, Transportation, Travel costs, Volunteer workers, Wisconsin
Latest Action: 07/30/2008 - S.AMDT.5254 Referred to the Committee on Finance. To make a technical correction. Bill TextA bill to provide tax relief for the victims of severe storms, tornados, and flooding in the Midwest, and for other purposes. 7/23/2008--Introduced. Midwestern Disaster Tax Relief Act of 2008 - Amends the Internal Revenue Code to provide tax benefits to individuals affected by presidentially-declared natural disasters (i.e., severe storms, tornadoes, or flooding) in the states of Arkansas, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, and Wisconsin on or after May 20, 2008, and before August 1, 2008 (Midwestern disaster area).Makes specified provisions of the Internal Revenue Code, which currently apply only to residents of the Gulf Opportunity Zone and the Hurricane Katrina disaster area, applicable to the Midwestern disaster area, including: (1) tax-exempt bond financing, the low-income housing tax credit, accelerated depreciation and increased expensing of business assets, an increase in the rehabilitation tax credit, extended carryback [...] show full description
Also tagged in: Armed forces, Armed forces reserves, Business, Corporate management, Defense policy, Defined benefit pension plans, Defined contribution plans, Employee health benefits, Finance, Health insurance, Health policy, Income tax, Insurance premiums, Iraq compilation, Job creation, Labor, Medical care, Medical economics, National Guard, Pensions, Salaries, Tax credits, Taxation, Wages
Latest Action: 04/24/2008 - Referred to the House Committee on Ways and Means. Bill TextTo provide a Federal income tax credit for Eagle employers, and for other purposes. 4/24/2008--Introduced. Eagle Employers Act - Amends the Internal Revenue Code to allow a taxpayer certified as an Eagle employer by the Secretary of the Treasury a tax credit for one percent of such employer's taxable income. Defines an " Eagle employer" as any taxpayer who: (1) maintains its headquarters in the United States; (2) pays at least 60% of the health care premiums of its employees; (3) maintains or increases the number of its full-time workers in the United States relative to its full-time workers outside of the United States; (4) provides full differential salary and insurance benefits for all National Guard and Reserve employees called to active duty; and (5) provides its employees with a certain level of compensation and retirement benefits.
Also tagged in: Alabama, Bonds, Building construction, Business, Community development, Community development banking, Depreciation and amortization, Economic policy, Emergency management, Finance, Housing, Housing finance, Hurricanes, Income tax, Infrastructure, Investments, Labor, Louisiana, Mississippi, Regional economic development, Rental housing, Residential rehabilitation, Rural affairs, Tax credits, Tax deductions, Tax incentives, Taxation, Texas, Urban affairs
Latest Action: 03/13/2008 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to extend certain benefits applicable to the Gulf Opportunity Zone, and for other purposes. 3/13/2008--Introduced. Amends the Internal Revenue Code to: (1) extend through 2010 increased depreciation allowances for certain business and investment property located in the Gulf Opportunity Zone (GO Zone) (through 2011 for nonresidential real property or residential rental property in the GO Zone); (2) extend through 2012 special rules relating to the depreciation of buildings in the GO Zone; (3) extend through 2010 the tax credit for rehabilitation expenditures in the GO Zone; (4) increase the new markets tax credit limitation in 2008 and 2009 for investments in community development entities serving the GO Zone; (5) extend through 2012, and increase the authority for, tax-exempt bond financing for bonds issued by Louisiana or a political subdivision thereof; (6) authorize the Secretary of Housing and Urban Development to expand [...] show full description
Also tagged in: American Samoa, Congress, Congressional reporting requirements, Economic impact statements, Economic policy, Economic research, Government information, Government publicity, Governmental investigations, Labor, Minimum wages, Northern Mariana Islands, Standard of living
Latest Action: 03/11/2008 - Referred to the Subcommittee on Workforce Protections. Bill TextTo condition further increases in the minimum wage applicable to American Samoa and the Commonwealth of the Northern Mariana Islands on a determination by the Secretary of Labor that such increases will not have an adverse impact on the economies of American Samoa and the Commonwealth of the Northern Mariana Islands. 1/29/2008--Introduced. Amends the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007 to condition further increases in the federal minimum wage applicable to the Commonwealth of Northern Mariana Islands and American Samoa on a determination by the Secretary of Labor that such increases will not have an adverse impact on any further increases on living standards and rates of employment in the Commonwealth of the Northern Mariana Islands and American Samoa. Requires the Secretary to make the determinations each year 60 days before the scheduled increase in such minimum wage and to publish it in the Federal [...] show full description
Also tagged in: Alabama, Bonds, Building construction, Business, Community development, Community development banking, Depreciation and amortization, Economic policy, Emergency management, Finance, Housing, Housing finance, Hurricanes, Income tax, Infrastructure, Investments, Labor, Louisiana, Mississippi, Regional economic development, Rental housing, Residential rehabilitation, Rural affairs, Tax credits, Tax deductions, Tax incentives, Taxation, Texas, Urban affairs
Latest Action: 12/06/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to extend certain benefits applicable to the Gulf Opportunity Zone, and for other purposes. 12/6/2007--Introduced. Amends the Internal Revenue Code to: (1) extend through 2010 increased depreciation allowances for certain business and investment property located in the Gulf Opportunity Zone (GO Zone) (through 2011 for nonresidential real property or residential rental property in the GO Zone); (2) extend through 2012 special rules relating to the depreciation of buildings in the GO Zone; (3) extend through 2010 the tax credit for rehabilitation expenditures in the GO Zone; (4) increase the new markets tax credit limitation in 2008 and 2009 for investments in community development entities serving the GO Zone; (5) extend through 2012, and increase the authority for, tax-exempt bond financing for bonds issued by Louisiana or a political subdivision thereof; (6) authorize the Secretary of Housing and Urban Development to expand an area [...] show full description
Also tagged in: Alabama, Alcohol tax, American Samoa, Armed forces, Bonds, Books, Brokers, Brownfields, Budgets, Business, Caribbean area, Charitable contributions, Children, Civil rights, Collection of accounts, College costs, Computer software, Computers, Congress, Congressional reporting requirements, Cooperative housing, Corporation taxes, Criminal justice, Debt, Defense policy, Depreciation and amortization, Discrimination in insurance, Discrimination in medical care, District of Columbia, Dividends, Earned income tax credit, Economic development, Economic policy, Education, Educational technology, Elementary and secondary education, Elementary education, Employee stock options, Environmental protection, Estate tax, Expatriation, Families, Federal aid to education, Federal-local relations, Finance, Food, Foreign corporations, Foreign tax credit, Gift tax, Government contractors, Government employees, Government information, Government paperwork, Government travel, Hazardous substances, Hazardous waste sites, Hazardous wastes, Health insurance, Higher education, Home ownership, Housing, Housing finance, Humanities, Hurricanes, Immigration, Income tax, Indian lands, Indians, Individual retirement accounts, Industrial research, Insurance premiums, Interest, Intergovernmental fiscal relations, Investments, Labor, Leases, Liability for environmental damages, Local taxation, Louisiana, Maintenance and repair, Mental health services, Mental illness, Military pay, Military personnel, Minimum tax, Minorities, Mississippi, Mortgage guaranty insurance, Mortgages, Mutual funds, Natural resources, Nature conservation, Partnerships, Pensions, Property tax, Public contracts, Puerto Rico, Railroads, Research and development tax credit, Restaurants, Sales tax, Scholarships, School buildings, Secondary education, Securities industry, Social security taxes, Solid wastes, Sports, Sports facilities, State and local government, State legislators, State taxation, Stocks, Student loan funds, Subsidiary corporations, Surety and fidelity, Tariff, Tax administration, Tax credits, Tax deductions, Tax deferral, Tax evasion, Tax exclusion, Tax incentives, Tax penalties, Tax refunds, Tax returns, Tax-deferred compensation plans, Tax-exempt organizations, Taxation, Taxation of foreign income, Teachers, Teaching materials, Technology, Terrorism, Trade, Transportation, Travel costs, Undercover operations, Valuation, Veterans, Veterans' benefits, Virgin Islands, Welfare, Wine, Withholding tax
Latest Action: 12/26/2007 - Became Public Law No: 110-166. Bill TextTo amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. 12/26/2007--Public Law. (There are 3 other summaries) (This measure has not been amended since it was passed by the Senate on December 6, 2007. The summary of that version is repeated here.) Tax Increase Prevention Act of 2007 - Amends the Internal Revenue Code to extend through 2007 for individual taxpayers: (1) the increased alternative minimum tax (AMT) exemption amounts; and (2) the offset of nonrefundable personal tax credits against regular and AMT liability.
Also tagged in: Brownfields, Business, Capital gains tax, Corporation taxes, Depreciation and amortization, Depressed areas, Economic policy, Enterprise zones, Environmental protection, Finance, Food, Government contractors, Hazardous substances, Hazardous waste sites, Hazardous wastes, Income tax, Labor, Leases, Liability for environmental damages, Public contracts, Research and development tax credit, Restaurants, Science policy, Small business, Solid wastes, Stockholders, Stocks, Tax administration, Tax deductions, Tax exclusion, Taxation, Withholding tax
Latest Action: 10/18/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to provide tax relief for small businesses. 10/18/2007--Introduced. Small Business Tax Relief Act of 2007 - Amends the Internal Revenue Code to: (1) make permanent the work opportunity tax credit, the new markets tax credit, and the tax credit for increasing research activities; (2) make permanent accelerated depreciation of qualified leasehold improvement and restaurant property and expensing of environmental remediation expenditures; (3) increase the partial tax exclusion of gain from sales of certain small business stock for noncorporate business taxpayers and businesses in an empowerment zone; (4) permit certain small businesses to elect taxable years ending between April and November; (5) increase the allowable number of S corporation shareholders from 100 to 150; and (6) exempt certain small businesses from the 3% withholding requirement applicable to payments made to such businesses by government entities.
Also tagged in: Bank loans, Business, Community development, Community development banking, Dislocated workers, Employee selection, Finance, Income tax, Infrastructure, Investments, Labor, Rural affairs, Tax credits, Taxation, Trade adjustment assistance, Urban affairs
Latest Action: 10/16/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to provide a special allocation under the new markets tax credit in connection with trade adjustment assistance. 10/16/2007--Introduced. New Employment for Workers & Job Opportunities for Business Strength Act of 2007 or the NEW JOBS Act of 2007 - Amends the Internal Revenue Code to increase by $500 million in 2008 the new markets tax credit limitation amount that is allocable among qualified community development entities for investments in or loans to businesses that hire trade adjustment assistance (TAA) recipients or that meet other TAA requirements.
Also tagged in: Aid to dependent children, Automobile insurance, Automobile repair, Automobiles, Budgets, Business, Cash welfare block grants, Children, Day care, Evaluation research (Social action programs), Executive departments, Families, Finance, Job hunting, Job training, Labor, Law, Nonprofit organizations, Public-private partnerships, Saving and investment, Social services, State and local government, Transportation, Trusts and trustees, Welfare, Welfare work participation
Latest Action: 09/19/2007 - Referred to the House Committee on Ways and Means. Bill TextTo authorize the Secretary of Health and Human Services to make grants to improve access to dependable, affordable automobiles by low-income families. 9/19/2007--Introduced. Creating Access to Rides Act - Amends part A (Temporary Assistance for Needy Families) (TANF) of title IV of the Social Security Act to authorize the Secretary of Health and Human Services to make grants to states, counties, localties, Indian tribes or tribal organizations, and nonprofit entities to promote improving access to ownership of dependable, affordable automobiles by low-income families. Authorizes the use of funds in TANF individual development accounts for automobile ownership, maintenance, and insurance.
Latest Action: 09/18/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to modify the work opportunity credit to include the hiring of certain domestic abuse victims by small employers, and for other purposes. 9/18/2007--Introduced. Employment Assistance for Victims of Domestic Abuse Act of 2007 - Amends the Internal Revenue Code to allow small employers (employers averaging 50 or fewer employees) a work opportunity tax credit for hiring an individual receiving assistance as a victim of domestic abuse.
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