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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
Also tagged in: Agriculture, Air pollution, Alcohol as fuel, Alternative energy sources, Automobiles, Bicycles, Biomass energy, Bonds, Budgets, Business, Carbon cycle, Carbon dioxide, Cellulose, Climate change, Communications, Commuting, Congressional reporting requirements, Construction industries, Depreciation and amortization, Diesel motor, Economic impact statements, Economic policy, Economic research, Electric appliances, Electric batteries, Electric power production, Electric utilities, Electric vehicles, Energy, Energy conservation, Energy conservation in buildings, Energy crops, Energy prices, Energy research, Environmental protection, Excise tax, Feedstock, Finance, Food, Food prices, Fringe benefits, Fuel cells, Gas industry, Geology, Geophysical prediction, Geothermal resources, Government securities, Governmental investigations, Greenhouse gases, Heating, Hydroelectric power, Income tax, Infrastructure, Investment tax credit, Irrigation, Labor, Marine resources, Mass rapid transit, Minimum tax, Minimum wages, Motor vehicle pollution control, Municipal solid waste, Natural gas, Natural resources, New York City, New York State, Ocean currents, Office buildings, Performance measurement, Petroleum, Petroleum industry, Prospecting, Public service advertising, Public utilities, Refuse as fuel, Salaries, Science policy, Service stations, Solar energy, Solid wastes, Tax credits, Tax deductions, Tax exclusion, Taxation, Tidal power, Transportation, Transportation engineering, Wages, Water resources, Wind power
Latest Action: 08/04/2007 - Rule provides for consideration of H.R. 3221 with 2 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by paragraph. Bill is op Bill TextTo amend the Internal Revenue Code of 1986 to provide tax incentives for the production of renewable energy and energy conservation. 8/4/2007--Passed House amended. (There are 2 other summaries) Renewable Energy and Energy Conservation Tax Act of 2007 - Amends Internal Revenue Code provisions relating to renewable energy sources and energy conservation. Title I: Production Incentives - (Sec. 101) Extends through 2012 the tax credit for the production of electricity from renewable resources (e.g., wind, closed and open-loop biomass, geothermal energy, small irrigation power, municipal solid waste, and qualified hydropower). Imposes a limit on such tax credit based upon investment in renewable resource facilities placed in service after 2008 in lieu of the current phaseout provisions for such credit.(Sec. 102) Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of the tax credit for producing electricity [...] show full description
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Latest Legislation - View All
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
Also tagged in: Actions and defenses, Air pollution, Alcohol as fuel, Alternative energy sources, Antitrust law, Armed forces, Biomass energy, Budgets, Business, Cartels, Climate change, Congress, Congressional oversight, Congressional reporting requirements, Criminal justice, Defense economics, Derivative securities, Disaster relief, Emergency management, Energy, Energy prices, Energy security, Energy supplies, Environmental protection, Excess profits tax, Finance, Fines (Penalties), Foreign policy, Futures trading, Gasoline, Government information, Government liability (International law), Government procurement, Government publicity, Government trust funds, Governmental investigations, Greenhouse gases, Income tax, International affairs, Iraq compilation, Law, Losses, Margins (Security trading), Natural gas, Oil and gas royalties, Parties to actions, Petroleum industry, Petroleum reserves, Price fixing, Profit, Public contracts, Restrictive trade practices, Strategic materials, Tax credits, Tax deductions, Taxation of foreign income, Telecommunication, Telephone, Trade
Latest Action: 06/11/2008 - Motion to proceed to measure considered in Senate. (consideration: CR S5472-5517) Bill TextA bill to provide energy price relief and hold oil companies and other entities accountable for their actions with regard to high energy prices, and for other purposes. 5/20/2008--Introduced. Consumer-First Energy Act of 2008 - Amends the Internal Revenue Code to: (1) deny major integrated oil companies (i.e., companies producing at least 500,000 barrels of crude oil daily) a tax deduction for income attributable to domestic production of oil, gas, or primary products thereof; (2) conform tax treatment of foreign oil and gas extraction income and foreign oil related income for purposes of the foreign tax credit; (3) impose a windfall profits tax on major integrated oil companies; and (4) establish an Energy Independence and Security Trust Fund funded by revenues raised by the tax provisions of this Act to reduce U.S. dependence on foreign and unsustainable energy sources and reduce the risks of global warming. Petroleum Consumer Price Gouging Protection Act - Declares [...] show full description
Also tagged in: Air pollution, Alabama, Alcoholic beverages, Alternative energy sources, Armed forces, Biomass energy, Bonds, Books, Building construction, Business, Capital gains tax, Carbon dioxide, Cellulose, Charitable contributions, Children, Civil rights, Clean coal technology, Climate change, Coal, Coal gasification, College costs, Computers, Congress, Congressional reporting requirements, Construction costs, Corporation taxes, Criminal justice, Curricula, Defense policy, Depreciation and amortization, Diesel motor, Discrimination in insurance, Discrimination in medical care, District of Columbia, Earned income tax credit, Economic policy, Education, Education of the disadvantaged, Educational technology, Electric appliances, Electric vehicles, Elementary and secondary education, Emergency management, Employee stock options, Energy, Energy conservation, Energy efficiency, Energy industries, Enterprise zones, Environmental protection, Excise tax, Finance, Food, Foreign corporations, Foreign policy, Fuel cells, Geothermal resources, Governmental investigations, Greenhouse gases, Health insurance, Health policy, Higher education, Home repair and improvement, Housing, Humanities, Hurricanes, Hydroelectric plants, Hydroelectric power, Incineration, Income tax, Indians, Individual retirement accounts, Interest, International affairs, Inventories, Investment tax credit, Irrigation, Labor, Landfills, Law, Leases, Legal fees, Legal services, Local taxation, Losses, Louisiana, Marine resources, Medical care, Medicine, Mental health services, Methane, Military pay, Minimum tax, Minorities, Minority employment, Mississippi, Mortgages, Motion pictures, Mutual funds, Natural resources, New York City, New York State, Ocean energy resources, Pensions, Property tax, Public-private partnerships, Puerto Rico, Railroad engineering, Refuse as fuel, Research and development tax credit, Restaurants, Science policy, Service stations, Small business, Solar energy, Solid wastes, Sports, Sports facilities, State and local government, State taxation, Stocks, Subsidiary corporations, Tax administration, Tax credits, Tax deductions, Tax evasion, Tax exclusion, Tax exemption, Tax penalties, Tax preparers, Tax rates, Tax refunds, Tax returns, Tax-exempt organizations, Taxation, Teachers, Teaching materials, Technology, Telecommunication, Television industry, Terrorism, Trade, Transportation, Undercover operations, Urban affairs, Urban economic development, Veterans, Veterans' benefits, Water resources, Welfare
Latest Action: 07/29/2008 - Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the measure [Record Vote Number 150] agreed to in Senate by Unanimous Consent. (consideration: CR S7594) Bill TextTo 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. 5/21/2008--Passed House amended. (There are 2 other summaries) (This measure has not been amended since it was reported to the House on May 20, 2008. The summary of that version is repeated here.)Renewable Energy and Job Creation Act of 2008 -Amends the Internal Revenue Code to provide tax incentives for energy production and conservation, to extend expiring tax provisions, and to extend tax benefits to individual and business taxpayers. Title I: Energy Tax Incentives - Subtitle A: Energy Production Incentives - Part I: Renewable Energy Incentives - (Sec. 101) Extends: (1) through 2009 the tax credit for producing electricity from qualified wind facilities; and (2) through 2011 the tax credits for producing electricity [...] show full description
Also tagged in: Actions and defenses, Air pollution, Alcohol as fuel, Alternative energy sources, Antitrust law, Armed forces, Biomass energy, Budgets, Business, Cartels, Climate change, Congress, Congressional oversight, Congressional reporting requirements, Criminal justice, Defense economics, Derivative securities, Disaster relief, Emergency management, Energy, Energy prices, Energy security, Energy supplies, Environmental protection, Excess profits tax, Finance, Fines (Penalties), Foreign policy, Futures trading, Gasoline, Government information, Government liability (International law), Government procurement, Government publicity, Government trust funds, Governmental investigations, Greenhouse gases, Income tax, International affairs, Iraq compilation, Law, Losses, Margins (Security trading), Natural gas, Oil and gas royalties, Parties to actions, Petroleum industry, Petroleum refineries, Petroleum reserves, Price fixing, Profit, Public contracts, Restrictive trade practices, Strategic materials, Tax credits, Tax deductions, Taxation of foreign income, Telecommunication, Telephone, Trade
Latest Action: 05/12/2008 - Sponsor introductory remarks on measure. (CR S3988-3989) Bill TextA bill to provide energy price relief and hold oil companies and other entities accountable for their actions with regard to high energy prices, and for other purposes. 5/7/2008--Introduced. Consumer-First Energy Act of 2008 - Amends the Internal Revenue Code to: (1) deny major integrated oil companies (i.e., companies producing at least 500,000 barrels of crude oil daily) a tax deduction for income attributable to domestic production of oil, gas, or primary products thereof; (2) conform tax treatment of foreign oil and gas extraction income and foreign oil related income for purposes of the foreign tax credit; (3) impose a windfall profits tax on major integrated oil companies; and (4) establish an Energy Independence and Security Trust Fund funded by revenues raised by the tax provisions of this Act to reduce U.S. dependence on foreign and unsustainable energy sources and reduce the risks of global warming. Petroleum Consumer Price Gouging Protection Act - Declares [...] show full description
Latest Action: 01/16/2008 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to reduce corporate marginal income tax rates, and for other purposes. 1/16/2008--Introduced. Middle Class Jobs Protection Act of 2008 - Amends the Internal Revenue Code to: (1) reduce the maximum corporate income tax rate to 25%; (2) increase the expensing allowance for depreciable business assets to $250,000 in 2008 and 2009; (3) increase to 50% the current year bonus depreciation allowance for certain property placed in service in 2008 and 2009; and (4) allow additional carrybacks for certain net operating losses and for excess business and foreign tax credit amounts arising in 2008 and 2009.
Also tagged in: Alternative energy sources, Biomass energy, Business, Capital gains tax, Charitable contributions, Commodity tax straddles, Congress, Diesel motor, Dividends, Electric power production, Energy, Energy research, Estate tax, Excise tax, Finance, Foreign corporations, 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
Also tagged in: Administrative procedure, Business, Children, Corporation taxes, Department of the Treasury, Employee stock options, Executive departments, Families, Finance, Foreign corporations, Income tax, Interest, Labor, Law, Minimum tax, Partnerships, Pensions, Small business, Tax administration, Tax credits, Tax evasion, Tax exemption, Tax penalties, Tax refunds, Tax returns, Tax-deferred compensation plans, Taxation, Taxation of foreign income, Trade
Latest Action: 01/22/2008 - Read twice and referred to the Committee on Finance. Bill TextTo amend the Internal Revenue Code of 1986 to provide individuals temporary relief from the alternative minimum tax, and for other purposes. 12/12/2007--Passed House without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)AMT Relief Act of 2007 - Title I: Individual Tax Relief - (Sec. 101) Amends the Int |
