Top Legislation - View All
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, Environmental protection, Excise tax, Finance, Food, Foreign corporations, Foreign policy, Foreign tax credit, 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: 06/19/2008 - Motion to proceed to measure considered in Senate. (consideration: CR S5772-5775) 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: Administrative procedure, Computer software, Computers, County politics and government, Education, Educational facilities, Electric appliances, Elementary and secondary education, Executive departments, Executive orders, Facsimile transmission, Federal-local relations, General Services Administration, Gifts, Government information, Government paperwork, Government publicity, Higher education, Humanities, Law, Libraries, Nonprofit organizations, Politics and government, Presidents, Public contracts, Rural affairs, Small towns, Social services, State and local government, Surplus government property, Technology, Telecommunication, Urban affairs
Latest Action: 05/22/2008 - Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs. Bill TextTo direct Federal agencies to transfer excess Federal electronic equipment, including computers, computer components, printers, and fax machines, to educational recipients. 1/31/2007--Introduced. Federal Electronic Equipment Donation Act of 2007 - Directs each federal agency to identify useful federal electronic equipment that the agency has determined is surplus property and: (1) transfer such equipment to the Administrator of General Services (GSA) for transfer for donation to a qualifying recipient in accordance with provisions relating to the donation of personal property through state agencies; (2) transfer such equipment directly to a qualifying recipient, through an arrangement made by the GSA Administrator; or (3) transfer such equipment directly to a qualifying recipient pursuant to provisions of the Stevenson-Wydler Technology Innovation Act of 1980. Defines the term "qualifying recipient" to mean any an educational recipient, a qualifying small [...] show full description
Also tagged in: Agriculture, Air conditioning, Alcohol tax, Alcoholic beverages, Alternative energy sources, American Samoa, Biomass energy, Books, Business, Capital gains tax, Charitable contributions, College costs, Corporation taxes, Criminal justice, Department of the Treasury, Depletion allowances, Depreciation and amortization, Depressed areas, Diesel motor, Economic development, Economic policy, Education, Education of the disadvantaged, Electric appliances, Electric power transmission, Electric utilities, Elementary and secondary education, Emergency management, Energy, Energy conservation, Energy efficiency, Environmental protection, Executive departments, Finance, Food, Foreign corporations, Fuel cells, Health insurance, Health policy, Heat pumps, Heating, Higher education, Holding companies, Housing, Humanities, Hurricanes, Incineration, Income tax, Indian economic development, Insurance, Internal Revenue Service (IRS), Inventories, Irrigation, Labor, Leases, Local taxation, Medical care, Military pay, Mine safety, Minimum tax, Minorities, Minority employment, Motion pictures, Mutual funds, Ocean energy resources, Pensions, Puerto Rico, Railroad engineering, Refrigeration, Refuse as fuel, Rescue work, Research and development tax credit, Restaurants, Rural affairs, Sales tax, School buildings, Science policy, Small business, Social security, Social security taxes, Solar energy, Solid wastes, Sports, State and local government, State taxation, Stocks, Subsidiary corporations, Tax administration, Tax credits, Tax deductions, Tax exclusion, Tax exemption, Tax returns, Tax-exempt organizations, Taxation, Taxation of foreign income, Teachers, Television industry, Terrorism, Tidal power, Trade, Transportation, Undercover operations, Veterans, Virgin Islands, Water conservation, Water resources
Latest Action: 06/09/2008 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 771. Bill TextA bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. 6/6/2008--Introduced. Alternative Minimum Tax and Extenders Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend expiring provisions relating to the alternative minimum tax, individual and business taxpayers, energy conservation, and tax administration. Extends through 2008 for individual taxpayers: (1) the offset of nonrefundable personal tax credits against regular and alternative minimum tax (AMT) liabilities; and (2) the increased AMT exemption amounts. Extends through 2009: (1) the election to deduct state and local sales taxes in lieu of state and local income taxes; (2) the tax deductions for qualified tuition and related expenses and for certain expenses of elementary and secondary school teachers; (3) tax-free distributions from individual retirement accounts (IRAs) for charitable purposes; and (4) tax rules for treatment of [...] show full description
Also tagged in: Administrative procedure, Auditing, Broadband, Business, Cable television, Capital gains tax, Congress, Congressional investigations, Congressional reporting requirements, Corporation taxes, Department of the Treasury, Direct broadcast satellites, Executive departments, Finance, Income tax, Investment tax credit, Law, Minorities, Minority business enterprises, Partnerships, Radio stations, Small business, Small business investment companies, Stocks, Tax deferral, Tax exclusion, Taxation, Telecommunication, Telecommunication industry, Telephone, Television stations, Urban affairs, Wireless communication
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 for a deferral of tax on gain from the sale of telecommunications businesses in specific circumstances or a tax credit and other incentives to promote diversity of ownership in telecommunications businesses. 1/22/2007--Introduced. Telecommunications Ownership Diversification Act of 2007 - Amends the Internal Revenue Code to allow a taxpayer election to exclude from gross income a portion of the gain from the sale of the assets of a telecommunications business to an eligible purchaser. Defines "eligible purchaser" as: (1) any economically and socially disadvantaged business as designated by the Secretary of the Treasury using specified criteria; or (2) a corporation or partnership which, following the sale of a telecommunications business, owns substantially all of the assets of such business and is at least five percent owned by the Telecommunications Development Fund established under the Communications Act of [...] show full description
Also tagged in: Accounting, Administrative fees, Apartment houses, Architecture, Building construction, Commemorations, Condominium (Housing), Cooperative housing, Depressed areas, Economic policy, Finance, Historic sites, History, Home ownership, Home repair and improvement, Housing, Humanities, Income tax, Investment tax credit, Law, Low-income housing, Mortgage banks, Mortgage interest rates, Mortgages, Natural resources, Public lands, Rental housing, Tax credits, Tax exclusion, Taxation, Urban affairs, Valuation, Welfare
Latest Action: 02/05/2007 - Sponsor introductory remarks on measure. (CR H1155) Bill TextTo amend the Internal Revenue Code of 1986 to expand the incentives for the rehabilitation of older buildings, including owner-occupied residences. 1/22/2007--Introduced. Preserve Historic America Act of 2007 - Amends the Internal Revenue Code to modify the tax credit for rehabilitation of older and historic buildings by: (1) increasing from 20 to 25% the tax credit rate for certified historic structure rehabilitation expenditures; (2) permitting a building at least 50 years old to qualify for the rehabilitation tax credit (currently, a building must have been placed in service before 1936); (3) permitting qualified rehabilitated buildings to be used for lodging purposes; (4) limiting to 50% the basis reduction for buildings qualifying for the low-income housing and rehabilitation tax credits; (5) allowing an increased rehabilitation tax credit for certain buildings in difficult development areas or which qualify as small rehabilitation projects; (6) exempting tax credits [...] show full description
Also tagged in: Academic performance, Budgets, Business, Charitable contributions, Corporate philanthropy, Corporation taxes, Depressed areas, Disabled, Disaster relief, Economic policy, Education, Education of the disadvantaged, Educational accountability, Elementary and secondary education, Elementary education, Emergency management, Employment of the disabled, Engineering, Engineers, Federal aid to education, Higher education, Income tax, Indian economic development, Information technology, Infrastructure, International competitiveness, Job creation, Job training, Labor, Law, Mathematics, Mentoring, Minorities, Minority education, Research and development tax credit, Rural affairs, Rural economic development, Scholarships, Science policy, Scientific education, Secondary education, Small business, Student employment, Tax credits, Tax deductions, Technical education, Technology, Trade, Tuition tax credits, Women, Women's education
Latest Action: 03/09/2007 - Sponsor introductory remarks on measure. (CR S2970-2971) Bill TextA bill to make the United States competitive in a global economy. 3/9/2007--Introduced. Competitiveness through Education, Technology, and Enterprise Act of 2007 or the COMPETE Act of 2007 - Amends the Internal Revenue Code to provide tax incentives for research and education by: (1) making permanent the credit for increasing research activities; (2) providing a credit for information and communications technology education; and (3) setting an alternative percentage limitation for corporate charitable contributions to the mathematics and science partnership program. Directs the Administrator of the Small Business Administration to establish an SBIR-STEM Workforce Development Grant Pilot program awarding bonus grants to grantees under the Small Business Innovation Research program to provide workforce development opportunities to college students in the science, technology, engineering, and mathematics fields. Expresses the sense of the Senate that the maximum [...] show full description
Also tagged in: Access to health care, Administrative procedure, Alcohol tax, American Samoa, Armed forces, Authorization, Budgets, Business, Business records, California, Capital gains tax, Caregivers, Child health, Children, Clinics, Congress, Congressional investigations, Congressional reporting requirements, Corporation taxes, Defense policy, Dental care, Department of Health and Human Services, Depreciation and amortization, Depressed areas, Diabetes, Disabled, Dividends, Economic policy, Education, Electronic data interchange, Electronic government information, Elementary and secondary education, Employee health benefits, Employee rights, Employment of the disabled, Executive departments, Executive reorganization, Families, Family enterprises, Family leave, Federal aid to child health services, Federal employees, Federal-state relations, Federal-territorial relations, Finance, Government employees, Government information, Government paperwork, Government publicity, Government trust funds, Guam, Hawaii, Health education, Health information systems, Health maintenance organizations, Health policy, Health surveys, Hospital rates, Illegal aliens, Immigration, Import restrictions, Income tax, Indexing (Economic policy), Infants, Insurance premiums, Interest, Intergovernmental fiscal relations, Joint ventures, Labor, Law, Legislation, Licenses, Managed care, Married people, Medicaid, Medical care, Medical economics, Medical records, Medical screening, Medical tests, Medically uninsured, Medicine, Mental health services, Military personnel, Minimum tax, Minimum wages, Northern Mariana Islands, Obesity, Partnerships, Pediatrics, Pensions, Poor children, Pregnant women, Preventive medicine, Puerto Rico, Quality of care, Rural affairs, Rural health, School health programs, Self-employed, Small business, Social security, Social security taxes, State and local government, Supplemental security income program, Tax administration, Tax credits, Tax deductions, Tax penalties, Tax rates, Taxation, Technology, Telecommunication, Tennessee, Tipping, Tobacco industry, Tobacco tax, Trade, Veterans, Veterans' employment, Virgin Islands, Vocational rehabilitation, Wages, War casualties, Welfare, Welfare eligibility, Welfare waivers, Women, Women's health
Latest Action: 10/18/2007 - The Chair announced that the message and the accompanying bill would be referred to the Committees on Energy and Commerce and Ways and Means and that the Clerk would be directed to notify the Senate of the actions of the House. Bill TextAn act to amend title XXI of the Social Security Act to extend and improve the Children's Health Insurance Program, and for other purposes. 9/25/2007--House agreed to Senate amendment with amendment. (There are 4 other summaries) Children's Health Insurance Program Reauthorization Act of 2007 - Makes the amendments made by this Act effective on October 1, 2007, regardless of whether final regulations have been promulgated to carry them out. Allows certain state plans under titles XIX (Medicaid) or XXI (State Children's Health Insurance Program) (CHIP) (also known as SCHIP) of the Social Security Act (SSA) that require state legislation to meet additional requirements imposed by this Act additional time to make required plan changes. Sets forth a contingent effective date for CHIP funding for FY2008. Title I: Financing - Subtitle A: Funding - (Sec. 101) Amends SSA title XXI to reauthorize the CHIP program through FY2012 at [...] show full description
Also tagged in: Apprenticeship, Bonds, Budgets, Building construction, Business, Charitable contributions, Children, Collection of accounts, Community and school, Construction costs, Construction industries, Construction workers, Corporate philanthropy, Curricula, Depressed areas, Economic policy, Education, Education of the disadvantaged, Educational planning, Educational technology, Elementary and secondary education, Elementary education, Employee selection, Employment, Finance, Government contractors, Government information, Government paperwork, Government procurement, Higher education, Income tax, Indian education, Infrastructure, Interest, Job training, Labor, Local government, Maintenance and repair, Minorities, Politics and government, Public contracts, Public schools, School buildings, School districts, Secondary education, Skilled labor, State and local government, State politics and government, Tax credits, Tax returns, Taxation, Teacher education, Technology, Vocational education, Volunteer workers, Wages, Welfare
Latest Action: 03/19/2007 - Sponsor introductory remarks on measure. (CR S3275) Bill TextA bill to amend the Internal Revenue Code of 1986 to expand the incentives for the construction and renovation of public schools. 3/19/2007--Introduced. America's Better Classroom Act of 2007 - Amends the Internal Revenue Code to allow a tax credit for investment in qualified public school modernization bonds, defined to include: (1) bonds for the construction, rehabilitation, or repair of a public school facility or for the acquisition of land for such facility (qualified school construction bonds); (2) bonds to finance certain academic programs below the postsecondary level in empowerment zones or enterprise communities (qualified zone academy bonds); and (3) bonds for the construction, rehabilitation, or repair of certain Indian tribal schools (qualified tribal school modernization bonds). Establishes a national limitation on the issuance of such bonds and provides for the allocation of bond amounts among the states according to a specified formula. Limits the term of such [...] show full description
Latest Action: 03/20/2007 - Sponsor introductory remarks on measure. (CR S3391-3392) Bill TextA bill to modify the boundaries for a certain empowerment zone designation. 3/20/2007--Introduced. Includes all of Aroostook County, Maine, within the Aroostook County Empowerment Zone (for Department of Agriculture empowerment zone purposes).
Latest Action: 03/20/2007 - Sponsor introductory remarks on measure. (CR S3391-3392) Bill TextA bill to amend the Internal Revenue Code of 1986 to extend the period for which the designation of an area as an empowerment zone is in effect. 3/20/2007--Introduced. Amends the Internal Revenue Code to to extend until December 31, 2016, the designation period for certain tax-favored empowerment zones.
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Latest Legislation - View All
Also tagged in: Agriculture, Air conditioning, Alcohol tax, Alcoholic beverages, Alternative energy sources, American Samoa, Biomass energy, Books, Business, Capital gains tax, Charitable contributions, College costs, Corporation taxes, Criminal justice, Department of the Treasury, Depletion allowances, Depreciation and amortization, Depressed areas, Diesel motor, Economic development, Economic policy, Education, Education of the disadvantaged, Electric appliances, Electric power transmission, Electric utilities, Elementary and secondary education, Emergency management, Energy, Energy conservation, Energy efficiency, Environmental protection, Executive departments, Finance, Food, Foreign corporations, Fuel cells, Health insurance, Health policy, Heat pumps, Heating, Higher education, Holding companies, Housing, Humanities, Hurricanes, Incineration, Income tax, Indian economic development, Insurance, Internal Revenue Service (IRS), Inventories, Irrigation, Labor, Leases, Local taxation, Medical care, Military pay, Mine safety, Minimum tax, Minorities, Minority employment, Motion pictures, Mutual funds, Ocean energy resources, Pensions, Puerto Rico, Railroad engineering, Refrigeration, Refuse as fuel, Rescue work, Research and development tax credit, Restaurants, Rural affairs, Sales tax, School buildings, Science policy, Small business, Social security, Social security taxes, Solar energy, Solid wastes, Sports, State and local government, State taxation, Stocks, Subsidiary corporations, Tax administration, Tax credits, Tax deductions, Tax exclusion, Tax exemption, Tax returns, Tax-exempt organizations, Taxation, Taxation of foreign income, Teachers, Television industry, Terrorism, Tidal power, Trade, Transportation, Undercover operations, Veterans, Virgin Islands, Water conservation, Water resources
Latest Action: 06/09/2008 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 771. Bill TextA bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. 6/6/2008--Introduced. Alternative Minimum Tax and Extenders Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend expiring provisions relating to the alternative minimum tax, individual and business taxpayers, energy conservation, and tax administration. Extends through 2008 for individual taxpayers: (1) the offset of nonrefundable personal tax credits against regular and alternative minimum tax (AMT) liabilities; and (2) the increased AMT exemption amounts. Extends through 2009: (1) the election to deduct state and local sales taxes in lieu of state and local income taxes; (2) the tax deductions for qualified tuition and related expenses and for certain expenses of elementary and secondary school teachers; (3) tax-free distributions from individual retirement accounts (IRAs) for charitable purposes; and (4) tax rules for treatment of [...] 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, Environmental protection, Excise tax, Finance, Food, Foreign corporations, Foreign policy, Foreign tax credit, 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: 06/19/2008 - Motion to proceed to measure considered in Senate. (consideration: CR S5772-5775) 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: Alcohol tax, Alcoholic beverages, Alternative energy sources, American Samoa, Books, Business, Capital gains tax, Charitable contributions, Coal, College costs, Corporation taxes, Criminal justice, Department of the Treasury, Depreciation and amortization, Depressed areas, Earned income tax credit, Economic development, Economic policy, Education, Education of the disadvantaged, Electric appliances, Elementary and secondary education, Emergency management, Energy, Energy conservation, Energy efficiency, Environmental protection, Executive departments, Finance, Food, Foreign corporations, Fuel cells, Health insurance, Health policy, Higher education, Holding companies, Housing, Humanities, Hurricanes, Income tax, Indian economic development, Individual retirement accounts, Insurance, Internal Revenue Service (IRS), Inventories, Labor, Leases, Local taxation, Medical care, Mental health services, Military pay, Mine safety, Minimum tax, Minorities, Minority employment, Mortgages, Motion pictures, Mutual funds, Pensions, Puerto Rico, Railroad engineering, Rescue work, Research and development tax credit, Restaurants, Rural affairs, Sales tax, School buildings, Science policy, Small business, Social security, Social security taxes, Solar energy, Sports, State and local government, State taxation, Stocks, Subsidiary corporations, Tax administration, Tax credits, Tax deductions, Tax exclusion, Tax exemption, Tax returns, Tax-exempt organizations, Taxation, Taxation of foreign income, Teachers, Television industry, Terrorism, Trade, Transportation, Undercover operations, Veterans, Virgin Islands, Welfare
Latest Action: 04/17/2008 - Sponsor introductory remarks on measure. (CR S3156-3157) Bill TextA bill to amend the Internal Revenue Code of 1986 to amend certain expiring provisions. 4/17/2008--Introduced. Alternative Minimum Tax and Extenders Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend expiring provisions relating to the alternative minimum tax, individual and business taxpayers, energy conservation, and tax administration. Extends through 2008 for individual taxpayers: (1) the offset of nonrefundable personal tax credits against alternative minimum tax (AMT) liability; and (2) increased AMT exemption amounts.Extends through 2009: (1) the election to include combat zone compensation as earned income for purposes of the earned income tax credit; (2) tax-free distributions from individual retirement plans (IRAs) for individuals called or ordered to active military duty and for charitable purposes; (3) the election to deduct state and local sales taxes in lieu of state and local income taxes; (4) the tax deductions for qualified tuition [...] show full description
Also tagged in: Budgets, Children, Criminal justice, Earned income tax credit, Employment of the disadvantaged, Ex-offenders, Grants-in-aid, Income tax, Job training, Juvenile delinquency, Labor, Poverty, Tax credits, Tax deductions, Tax exemption, Taxation, Urban affairs, Welfare, Youth employment
Latest Action: 02/14/2008 - Sponsor introductory remarks on measure. (CR S1061-1063) Bill TextA bill to amend the Workforce Investment Act of 1998 to improve programs carried out through youth opportunity grants, and for other purposes. 2/14/2008--Introduced. Supporting Training and Employment Potential for Underemployed Populations Act, or the STEP UP Act - Amends the Workforce Investment Act of 1998 to revise Youth Opportunity Grant Program requirements to direct the Secretary of Labor to make grants to local boards and eligible entities to carry out programs that provide job training and employment activities and related services to youth and young adults (allows up to 25% of funds to be made available for hard-to-serve young adults) as defined in this Act who live in empowerment zones, enterprise communities, or high poverty areas. Earned Income Tax Credit Enhancement Act of 2007 - Amends provisions of the Internal Revenue Code (IRC) to revise requirements with respect to the earned income tax credit, including to increase the maximum earned income tax credit [...] show full description
Also tagged in: Brownfields, Business, Capital gains tax, Corporation taxes, Depreciation and amortization, Depressed areas, Economic policy, Employment, 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: Agricultural assistance, Agricultural colleges, Agricultural conservation, Agricultural credit, Agricultural education, Agricultural experiment stations, Agricultural extension work, Agricultural research, Agricultural statistics, Agricultural subsidies, Agriculture, Agriculture in foreign trade, Alien labor, Alternative energy sources, Animals, Apartment houses, Appropriations, Block grants, Broadband, Broadcast journalism, Budgets, Business, California, Child nutrition, Children, China, Commodity Futures Trading Commission, Conflict of interests, Congress, Congressional oversight, Credit insurance, Crop insurance, Dairy industry, Dairy products, Dams, Department of Agriculture, Department of Health and Human Services, Department of Homeland Security, Disaster relief, Distance education, Drugs, East Asia, Economic policy, Economic research, Education, Electronic data interchange, Elementary and secondary education, Emergency management, Energy, Energy conservation, Environmental protection, Executive departments, Executive reorganization, Export finance, Farm Credit Administration, Farm lands, Federal advisory bodies, Federal aid to education, Federal aid to housing, Federal Crop Insurance Corporation, Federally-guaranteed loans, Finance, Flood control, Food, Food and Drug Administration (FDA), Food relief, Food safety, Food stamps, Foreign aid, Fruit, Futures trading, Government and the press, Government corporations, Government information, Government lending, Government publicity, Grassland ecology, Groundwater, Habitat conservation, Hazardous substances, Hazardous wastes, Higher education, Horses, Housing, Housing subsidies, Illegal aliens, Illinois, Immigration, Imports, Independent regulatory commissions, Indian lands, Indians, Infrastructure, Insect control, Inspectors general, Irrigation, Labor, Laboratories, Lighting, Livestock, Meat inspection, Medical care, Medicine, Methyl bromide, Minorities, Mississippi, Natural resources, North Carolina, Nutrition, Pest control, Pesticides, Politics and government, Poultry, Prescription pricing, Public contracts, Rental housing, Rescission of appropriated funds, Residential rehabilitation, Restoration ecology, Rural affairs, Rural economic development, Rural housing, Scholarships, School lunch program, Science policy, Sewage treatment, Sewerage, Solid wastes, State and local government, Surveys, Technology, Telecommunication, Telemedicine, Texas, Trade, Vegetables, Washington State, Water conservation, Water pollution, Water pollution control, Water resources, Watersheds, Welfare, West Virginia, Wetlands, WIC program, Wildlife conservation
Latest Action: 08/03/2007 - Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 331. Bill TextMaking appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 2008, and for other purposes. 8/2/2007--Passed House amended. (There are 2 other summaries) Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2008 - Title I: Agricultural Programs - Appropriates FY2008 funds for the following Department of Agriculture (Department) programs and services: (1) Office of the Secretary of Agriculture (Secretary); (2) executive operations; (3) National Appeals Division; (4) Office of Budget and Program Analysis; (5) Homeland Security Staff; (6) Office of the Chief Information Officer; (7) Office of the Chief Financial Officer; (8) Office of the Assistant Secretary for Civil Rights; (9) Office of Civil Rights; (10) Office of the Assistant Secretary for Administration; (11) agriculture buildings and facilities [...] show full description
Also tagged in: Bonds, Construction costs, Economic policy, Finance, Income tax, Labor, Residence requirements, Rural affairs, Rural economic development, Tax credits, Tax deductions, Tax exemption, Taxation, Urban affairs, Wages
Latest Action: 06/14/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to extend and expand the benefits for businesses operating in empowerment zones, enterprise communities, or renewal communities, and for other purposes. 6/14/2007--Introduced. Empowerment Zone and Renewal Community Enhancement Act of 2007 - Amends Internal Revenue Code provisions relating to tax-preferred empowerment zones, rural enterprise communities, and renewal communities to: (1) extend the period of designation for such areas through 2015; (2) provide a safe harbor standard for employee residency requirements in empowerment zones; (3) eliminate certain residency requirements for the empowerment zone employment tax credit; (4) grant authority to expand the boundaries of empowerment zones and enterprise communities, including those located in rural areas; (5) allow carryovers of unused expensing allowances for enterprise zone businesses; (6) allow certain empowerment zone businesses to elect to receive payments in lieu [...] show full description
Also tagged in: Bonds, Construction costs, Economic policy, Finance, Income tax, Labor, Residence requirements, Rural affairs, Rural economic development, Tax credits, Tax deductions, Tax exemption, Taxation, Urban affairs, Wages
Latest Action: 06/06/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to extend and expand the benefits for businesses operating in empowerment zones, enterprise communities, or renewal communities, and for other purposes. 6/6/2007--Introduced. Empowerment Zone and Renewal Community Enhancement Act of 2007 - Amends Internal Revenue Code provisions relating to tax-preferred empowerment zones, rural enterprise communities, and renewal communities to: (1) extend the period of designation for such areas through 2015; (2) provide a safe harbor standard for employee residency requirements in empowerment zones; (3) eliminate certain residency requirements for the empowerment zone employment tax credit; (4) grant authority to expand the boundaries of empowerment zones and enterprise communities, including those located in rural areas; (5) allow carryovers of unused expensing allowances for enterprise zone businesses; (6) allow certain empowerment zone businesses to elect to receive payments in lieu of tax benefits;[...] show full description
Also tagged in: Bonds, Building construction, Business, Construction costs, Construction industries, Construction workers, Depressed areas, Economic policy, Education, Elementary and secondary education, Elementary education, Employee selection, Employment, Finance, Government contractors, Income tax, Investments, Job training, Labor, Land transfers, Maintenance and repair, Natural resources, Politics and government, Public contracts, Public lands, Public schools, School buildings, Secondary education, Standards, State and local government, State politics and government, Tax credits, Taxation, Wages, Welfare
Latest Action: 07/24/2007 - Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education. Bill TextTo amend the Internal Revenue Code of 1986 to expand the incentives for the construction and renovation of public schools. 5/24/2007--Introduced. America's Better Classrooms Act of 2007 - Amends the Internal Revenue Code to allow a tax credit for investment in qualified public school modernization bonds, defined to include: (1) bonds for the construction, rehabilitation, or repair of a public school facility or for the acquisition of land for such facility (qualified school construction bonds); and (2) bonds to finance certain academic programs below the postsecondary level in empowerment zones or enterprise communities (qualified zone academy bonds). Establishes a national limitation on the issuance of such bonds and provides for the allocation of bond amounts among the states according to a specified formula. Terminates the authority for issuance of such bonds after 2009.Amends the General Education Provisions Act to apply certain labor standards to public school [...] show full description
Also tagged in: Admission of nonimmigrants, Advertising, Alien labor, Apprenticeship, Budgets, Business, Business education, Communications, Community colleges, Consumers, Curricula, Dislocated workers, Economic policy, Education, Employee training, Employment, Entrepreneurs, Federal-state relations, Government information, Government paperwork, Grants-in-aid, High technology, Higher education, Immigration, Income tax, Industry-university relations, Intellectual property, Internet, Job training, Labor, Labor unions, Law, Legal services, Marketing, Nonprofit organizations, Plant shutdowns, Politics and government, Public-private partnerships, Regional planning, Severance pay, Small business, Social services, State and local government, State politics and government, Strategic planning, Tax credits, Tax exclusion, Taxation, Technical education, Technology, Vocational education, Wages
Latest Action: 07/17/2007 - Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness. Bill TextTo provide job creation and assistance, and for other purposes. 5/22/2007--Introduced. Rural America Job Assistance and Creation Act - Directs the Secretary of Labor to make matching grants to regional consortia meeting specified criteria to improve the job skills necessary for employment in specific industries. Directs the Secretary of Commerce to make grants to establish and support entities that provide business incubator services (necessary to initiate and sustain operations of a newly established business, including legal, intellectual property, and technology services and planning) for small- and medium-sized businesses. Directs the Comptroller General to study how rural infrastructure, venture capital, and federal programs can enhance rural areas. Amends the Worker Adjustment and Retraining Notification Act to require employer notification of federal and state elected officials (as well as local ones) before dislocation of workers. Amends the Immigration [...] show full description
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