Top Legislation - View All
Also tagged in: Access to health care, Accounting, Actions and defenses, Administrative procedure, Advice and consent of the Senate, Aged, Agricultural machinery, Agricultural research, Agriculture, Air pollution, Air pollution control, Alabama, Alaska, Alcohol as fuel, Alcohol tax, Alcoholic beverages, Alternative energy sources, Ambulatory care, American Samoa, Apartment houses, Apprenticeship, Arkansas, Auctions, Auditing, Authorization, Automobile engines, Aviation fuels, Bank capital, Bank employees, Bank failures, Bank fraud, Bank loans, Banks and banking, Bicycles, Biomass energy, Black lung, Bonds, Books, Brokers, Budgets, Building construction, Building materials, Business, California, Capital gains tax, Carbon cycle, Carbon dioxide, Cellulose, Charitable contributions, Children, Civil liberties, Civil rights, Civil rights enforcement, Coal, Cogeneration of electric power and heat, Coinsurance, College costs, Community development banking, Commuting, Computers, Conflict of interests, Congress, Congressional investigations, Congressional oversight, Congressional reorganization, Congressional reporting requirements, Construction costs, Consumers, Corporate governance, Cost effectiveness, Credit unions, Criminal investigation, Criminal justice, Damages, Debt, Debt limit, Deceptive advertising, Department of Health and Human Services, Department of Labor, Department of the Treasury, Depletion allowances, Deposit insurance, Depreciation and amortization, Depressed areas, Diesel motor, Disaster relief, Discrimination in insurance, Discrimination in medical care, District of Columbia, Dividends, Drug abuse, Drug abuse treatment, Drug industry, Economic development, Economic policy, Education, Educational technology, Electric appliances, Electric power, Electric power production, Electric utilities, Electric vehicles, Elementary and secondary education, Emergency management, Emergency medicine, Employee health benefits, Employee training, Employment, Energy, Energy conservation, Energy efficiency, Enterprise zones, Environmental protection, Excise tax, Executive compensation, Executive departments, Executive reorganization, Expedited congressional procedure, Exports, Federal advisory bodies, Federal aid to education, Federal aid to housing, Federal budget process, Federal budgets, Federal Deposit Insurance Corporation, Federal employees, Fetus, Finance, Financial services, Floods, Food, Foreclosure, Foreign banks and banking, Foreign corporations, Foreign policy, Fringe benefits, Fuel cells, Gas industry, Genetics, Geothermal resources, Golden parachutes, Government corporations, Government employees, Government employees' health insurance, Government information, Government paperwork, Government trust funds, Hazardous substances, Hazardous wastes, Health insurance, Health maintenance organizations, Health policy, Heat pumps, Higher education, Home ownership, Home repair and improvement, Hospital care, House rules and procedure, Housing, Housing finance, Human embryology, Humanities, Hurricanes, Hydroelectric power, Illinois, Incineration, Income tax, Indian economic development, Indiana, Individual retirement accounts, Information disclosure (Securities law), Injunctions, Inspectors general, Insurance premiums, Intergovernmental fiscal relations, Internal revenue law, International affairs, International finance, Inventories, Investment tax credit, Investments, Iowa, Iron and steel industry, Irrigation, Job training, Judicial review, Kansas, Labor, Labor unions, Labor-management committees, Landfills, Law, Leases, Legislative resolutions, Liability for environmental damages, Loan defaults, Losses, Louisiana, Low-income housing, Managed care, Margins (Security trading), Marine resources, Medicaid, Medical care, Medical economics, Medical records, Medical tests, Medicare, Medicine, Mental health services, Mental illness, Methane, Michigan, Midwest (U.S.), Mine safety, Miners, Minimum tax, Minnesota, Minorities, Minority employment, Mississippi, Missouri, Money market funds, Mortgages, Motion pictures, Mutual funds, Names, Natural gas, Natural resources, Nebraska, Nitrogen oxides, Ocean energy resources, Oil pollution, Oil shales, Oil well drilling, Options (Contract), Oregon, Partnerships, Payments in lieu of taxes, Pennsylvania, Pension funds, Pensions, Personnel records, Petroleum, Petroleum industry, Petroleum refineries, Politics and government, Presidential appointments, Presidents, Property tax, Psychiatric hospital care, Public debt, Public lands, Public utilities, Public-private partnerships, Puerto Rico, Quality of care, Railroad engineering, Rebates, Reclamation of land, Recycling of waste products, Refrigeration, Refuse as fuel, Rent, Rescue work, Research and development tax credit, Residential rehabilitation, Restaurants, Retail trade, Right of privacy, Rural affairs, School buildings, Science policy, Secondary mortgage market, Securities, Securities industry, Securities regulation, Senate rules and procedure, Service stations, Small business, Social security, Social security taxes, Solar energy, Solid wastes, South Carolina, South Dakota, Sports, Sports facilities, Standards, Stock exchanges, Stocks, Storms, Strip mining, Student loan funds, Survivors' benefits, Tankers, Tariff, Tax administration, Tax credits, Tax deductions, Tax deferral, Tax exclusion, Tax exemption, Tax penalties, Tax preparers, Tax rates, Tax refunds, Tax returns, Tax-deferred compensation plans, Tax-exempt organizations, Taxation, Taxation of foreign income, Teachers, Teaching materials, Technology, Telecommunication, Television industry, Terrorism, Texas, Textbooks, Timber sales, Tornadoes, Trade, Transportation, Travel costs, Trucks, Undercover operations, Unemployment insurance, Unfair labor practices, Urban affairs, Urban economic development, Valuation, Virgin Islands, Washington State, Water conservation, Water pollution, Water resources, Welfare, Wind power, 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: Africa (Sub-Saharan), Arms control, Civil liberties, Civil-military relations, Foreign aid, Foreign policy, Genocide, Government information, Government paperwork, Human rights, Income tax, International affairs, International agencies, International relief, Militia movements, Politics and government, Sudan, Taxation, United Nations
Latest Action: 01/12/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to deny the foreign tax credit and the benefits of deferral to companies doing business directly or through subsidiaries in Sudan until the Government of Sudan takes demonstrable steps to end genocide in Sudan. 1/12/2007--Introduced. Amends the Internal Revenue Code to deny U.S. companies doing business in Sudan the foreign tax credit and other tax benefits until the Secretary of State certifies to the Secretary of the Treasury that the Government of Sudan has ceased to support, and has taken steps to end, acts of genocide in the Darfur region of Sudan, including: (1) ensuring that the military is not attacking civilians or obstructing human rights monitors or humanitarian assistance; (2) disarming Government supported militias; (3) allowing access for providing humanitarian assistance to all regions; and (4) cooperating with international missions.
Also tagged in: Alaska, Business, Corporation taxes, Depletion allowances, Electric power transmission, Energy, Energy transportation, Gas in submerged lands, Geology, Geophysical prediction, Gulf of Mexico, Income tax, Inventories, Marine resources, Natural gas, Oil and gas royalties, Oil well drilling, Petroleum in submerged lands, Petroleum industry, Petroleum refineries, Pipelines, Submarine oil well drilling, Tax administration, Tax credits, Tax deductions, Tax deferral, Taxation, Taxation of foreign income, Transportation
Latest Action: 02/07/2007 - Referred to the Subcommittee on Energy and Mineral Resources. Bill TextTo restore fairness in the provision of incentives for oil and gas production, and for other purposes. 1/19/2007--Introduced. Energy Fairness for America Act - Amends the Internal Revenue Code to terminate: (1) the tax deduction for oil and gas intangible drilling and development costs; (2) the percentage depletion allowance for oil and gas wells; and (3) the tax credit for enhanced oil recovery costs. Repeals provisions of the Energy Policy Act of 2005 relating to: (1) oil and gas royalties in-kind; (2) marginal property production incentives; (3) incentives for natural gas production in the Gulf of Mexico; (4) royalty suspension for deep water production; (5) the inventory of Outer Continental Shelf oil and natural gas resources; (6) Alaska offshore royalty suspension; (7) accelerated depreciation of electric transmission property, natural gas distribution lines, and natural gas gathering lines and expensing of liquid fuel refinery property; (8) the exemption of small [...] 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, 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 liens, 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: Actions and defenses, Agricultural assistance, Agriculture, Agriculture in foreign trade, Aliens, American investments, American property in foreign countries, Armed forces, Budgets, Business, Caribbean area, Civil liberties, Communications, Cuba, Debt relief, Defense policy, Democracy, Development credit institutions, Economic assistance, Embargo, Energy, Equipment and supplies, Export controls, Export finance, Expropriation, Finance, Food, Foreign aid, Foreign investments, Foreign loans, Foreign policy, Government lending, Government liability (International law), Human rights, Immigration, Import restrictions, Income tax, Intellectual property, Intelligence activities, International affairs, International agencies, International broadcasting, International claims, International finance, Investment guaranty insurance, Latin America, Law, Negotiations, Nuclear facilities, Politics and government, Postal service, President and foreign policy, Presidents, Reinsurance, Right of property, Right to travel, Sanctions (International law), Sugar, Taxation, Telecommunication, Telecommunication industry, Telephone, Television broadcasting, Trade, Trademarks, Trading with the enemy, Transportation, Visas, War and emergency powers
Latest Action: 04/12/2007 - Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. Bill TextTo lift the trade embargo on Cuba, and for other purposes. 1/22/2007--Introduced. Free Trade With Cuba Act - Amends the Foreign Assistance Act of 1961 to repeal the embargo on trade with Cuba. Prohibits the exercise by the President with respect to Cuba of certain authorities conferred by the Trading With the Enemy Act and exercised on July 1, 1977, as a result of a specified national emergency. Declares that any prohibition on exports to Cuba under the Export Administration Act of 1979 shall cease to be effective. Authorizes the President to impose export controls with respect to Cuba and exercise certain authorities under the International Emergency Economic Powers Act only on account of an unusual and extraordinary threat to U.S. national security that did not exist before enactment of this Act. Repeals: (1) the Cuban Democracy Act of 1992; (2) the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996; (3) the prohibition under the Food Security Act of 1985 [...] show full description
Also tagged in: Accounting, Alaska, Alternative energy sources, Budgets, Business, Depletion allowances, Depreciation and amortization, Energy, Energy efficiency, Energy research, Energy transportation, Finance, Gas industry, Geology, Geophysical prediction, Government trust funds, Income tax, Inventories, Natural gas, Oil well drilling, Petroleum industry, Pipelines, Research and development, Science policy, Tax credits, Tax deductions, Taxation, Valuation
Latest Action: 02/16/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to terminate certain incentives for oil and gas. 2/16/2007--Introduced. Oil Industry Tax Break Repeal Act of 2007 - Amends the Internal Revenue Code to: (1) increase the amortization period for the geological and geophysical expenditures of certain large integrated oil companies (defined as having an average daily worldwide crude oil production level of at least 500,000 barrels and more than $1 billion in gross receipts) from five to seven years; (2) limit the oil depletion allowance; (3) terminate accelerated depreciation of natural gas distribution lines and Alaska natural gas pipelines, expensing of equipment used in refining of liquid fuels, the tax deduction for intangible drilling and development costs, and the tax credits for enhanced oil recovery and for producing oil and gas from marginal wells; (4) classify natural gas gathering lines as 15-year property for depreciation purposes; and (5) deny large integrated oil [...] show full description
Also tagged in: Air pollution, Air pollution control, Alcohol as fuel, Automobiles, Biomass energy, Budgets, Business, Cellulose, Clean coal technology, Climate change, Coal, Department of Energy, Depreciation and amortization, Electric power production, Electric vehicles, Energy, Energy conservation, Energy efficiency, Energy prices, Energy research, Environmental protection, Excise tax, Executive departments, Executive reorganization, Fuel cells, Gas industry, Geology, Geophysical prediction, Grants-in-aid, Income tax, Motor vehicles, Natural gas, Natural resources, Oil and gas leases, Oil and gas royalties, Oil well drilling, Petroleum, Petroleum industry, Petroleum refineries, Science policy, Solar energy, Tax credits, Tax deductions, Taxation, Transportation, Trucks, Wind power
Latest Action: 02/28/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to impose a temporary oil profit fee and to use the proceeds of the fee collected to provide a Strategic Energy Fund and expand certain energy tax incentives, and for other purposes. 2/28/2007--Introduced. Strategic Energy Fund Act of 2007 - Amends the Internal Revenue Code to establish in the Treasury the Strategic Energy Fund to finance the energy conservation and research initiatives set forth by this Act. Increases the tax credits for: (1) investment in alternative fuel vehicle refueling property; (2) small ethanol producers of sucrose or cellulosic ethanol; and (3) investment in advanced coal projects.Extends tax credits for: (1) alcohol used as fuel through 2012; (2) electricity produced from certain renewable resources through 2013; and (3) solar energy property through 2014. Increases the number of hybrid and advanced lean burn technology vehicles eligible for the full amount of the tax credit for alternative [...] show full description
Also tagged in: Accounting, Alaska, Alcohol as fuel, Alternative energy sources, Biomass energy, Budgets, Business, Commuting, Depreciation and amortization, Diesel motor, Energy, Energy assistance for the poor, Energy research, Excess profits tax, Finance, Gas in submerged lands, Gasoline, Geology, Geophysical prediction, Government trust funds, Gulf of Mexico, Income tax, Inventories, Marine resources, Mass rapid transit, Natural gas, Natural resources, Oil and gas leases, Oil well drilling, Petroleum, Petroleum in submerged lands, Petroleum industry, Science policy, Service stations, Taxation, Transportation, Transportation rates, Welfare
Latest Action: 04/26/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to repeal certain provisions of the Energy Policy Act of 2005, close tax loopholes, impose windfall profits tax on major integrated oil companies, provide a reserve fund for biofuels research and infrastructure, and payments for low-income households. 4/26/2007--Introduced. Energy Security and Corporate Accountability Act of 2007 - Requires major integrated oil companies to revalue their LIFO inventories of crude oil, natural gas, or other petroleum products according to a specified formula. Amends the Internal Revenue Code to: (1) set forth a special rule for the application of the foreign tax credit to major integrated oil companies which are dual capacity taxpayers; (2) provide for extended amortization (seven years instead of five) of geological and geophysical expenditures for major integrated oil companies; and (3) impose a windfall profits tax on major integrated oil companies.Repeals provisions of the Energy Policy Act or 2005 suspending royalties [...] show full description
Latest Action: 05/03/2007 - Sponsor introductory remarks on measure. (CR S5571) Bill TextA bill to amend the Internal Revenue Code of 1986 to provide for the taxation of income of controlled foreign corporations attributable to imported property. 5/3/2007--Introduced. Amends the Internal Revenue Code to include in foreign base company income, for purposes of determining the foreign trade income of controlled foreign corporations, imported property income. Defines "imported property income" as, with certain exceptions, income attributable to property manufactured outside of the United States and imported for sale into the United States. Provides for a separate application of limitations on the foreign tax credit for imported property income.
Also tagged in: Aid to dependent children, Budgets, Business, Cash welfare block grants, Child support, Childbirth, Children, Collection of accounts, Criminal justice, Custody of children, Disabled, Earned income tax credit, Economic policy, Employment of the disabled, Employment subsidies, Ex-offenders, Expatriation, Families, Family violence, Fathers, Food, Food stamps, Foreign corporations, Government information, Government paperwork, Health policy, Imports, Imprisonment, Income, Income tax, Indexing (Economic policy), Job training, Labor, Marriage, Married people, Medicaid, Medical care, Paternity, Rehabilitation of criminals, State and local government, State laws, Tax evasion, Tax returns, Tax shelters, Taxation, Taxation of foreign income, Trade, Welfare, Welfare eligibility, Welfare work participation, Working poor
Latest Action: 06/14/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend title XIV of the Social Security Act to ensure funding for grants to promote responsible fatherhood and strengthen low-income families, and for other purposes. 6/14/2007--Introduced. Responsible Fatherhood and Healthy Families Act of 2007 - Amends part A (Temporary Assistance for Needy Families) (TANF) of title IV of the Social Security Act (SSA) with respect to: (1) funding for responsible fatherhood programs; (2) requirements to ensure procedures to address domestic violence; (3) activities promoting responsible fatherhood; (4) grants to healthy family partnerships for domestic violence prevention, for services for families and individuals affected by domestic violence, and for developing and implementing best practices; and (5) elimination of separate TANF work participation rate for two-parent families. Amends SSA title IV part D (Child Support and Establishment of Paternity) to prohibit a state from collecting any amount owed it by reason of costs [...] show full description
|
Latest Legislation - View All
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, Dividends, 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, 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: Accounting, Americans in foreign countries, Budgets, Business, Children, Corporation taxes, Customs administration, Depletion allowances, Depreciation and amortization, Energy, Finance, Financial services, Foreign corporations, Foreign policy, Gas industry, Government contractors, Income tax, Interest, International affairs, Inventories, Oil well drilling, Pensions, Petroleum industry, Public contracts, Subsidiary corporations, Tax administration, Tax deductions, Tax evasion, Tax exclusion, Tax penalties, Tax rates, Tax refunds, Tax returns, Tax treaties, Tax-deferred compensation plans, Taxation, Taxation of foreign income, Trade, Unemployment insurance, User charges, Valuation, Withholding tax
Latest Action: 06/19/2008 - Sponsor introductory remarks on measure. (CR S5835-5836) Bill TextA bill to amend the Internal Revenue Code of 1986 to provide relief to improve the competitiveness of United States corporations and small businesses, to eliminate tax incentives to move jobs and profits overseas, and for other purposes. 6/19/2008--Introduced. Manufacturing, Assembling, Development, and Export in the USA Tax Act or the MADE in the USA Tax Act - Amends the Internal Revenue Code to: (1) phase in a reduction in the maximum corporate income tax rate from 35 to 28% between 2009 and 2013; (2) increase the deduction for income attributable to domestic production activities and limit such deduction to business entities other than C corporations; (3) make permanent the increased expensing allowance for depreciable business property; (4) repeal certain limitations on the exclusion for the housing expenses of U.S. citizens working abroad; (5) include all foreign-source royalties in passive category income in applying the foreign tax credit limitation; (6) apply the foreign [...] 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, Dividends, 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, 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
|
