Top Legislation - View All
Also tagged in: Business, Contractors, Dividends, Excise tax, Finance, Foreign corporations, Foreign exchange, Futures trading, Health facilities, Income tax, International finance, Leases, Medical care, Medicine, Rent, Securities, Stocks, Subsidiary corporations, Tax administration, Tax exclusion, Tax penalties, Taxation, Trade
Latest Action: 02/16/2007 - Sponsor introductory remarks on measure. (CR E384-385) Bill TextTo amend the Internal Revenue Code of 1986 to simplify certain provisions applicable to real estate investment trusts, and for other purposes. 2/16/2007--Introduced. REIT Investment Diversification and Empowerment Act of 2007 - Amends Internal Revenue Code provisions relating to real estate investment trusts (REITs) to: (1) treat passive foreign exchange gains attributable to overseas real estate investment as qualifying REIT income; (2) increase from 20 to 25% the the maximum value of a REIT's total assets thay may be represented by securities of one or more taxable REIT subsidiaries; (3) revise safe harbor rules for the excise tax penalty on certain REIT sales activities; (4) treat rental payments made by a health care facility to a REIT as qualifying REIT income; and (5) treat income from, and interests in, foreign-qualified REITs as qualifying REIT income and assets.
Also tagged in: Business, Capital gains tax, Economic policy, Finance, Income tax, Indexing (Economic policy), Inflation, Losses, Mutual funds, Partnerships, Small business, Stocks, Taxation, Valuation
Latest Action: 03/01/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss. 3/1/2007--Introduced. Capital Gains Inflation Relief Act of 2007 - Amends the Internal Revenue Code to allow an inflation adjustment based upon the gross domestic product deflator to the adjusted basis of certain assets (including C corporation common stock and tangible property used in a trade or business) held by a taxpayer for more than three years for purposes of determining gain or loss on the sale or other disposition of such assets. Sets forth rules for applying such inflation adjustment to short sales, regulated investment companies and real estate investment trusts, partnerships and other pass-thru entities, and dispositions of assets between related persons.
Also tagged in: Business, Capital gains tax, Corporation taxes, Excise tax, Finance, Income tax, Lumber trade, Mining royalties, Natural resources, Tax deductions, Tax exemption, Taxation, Timber sales
Latest Action: 04/19/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to allow a deduction for qualified timber gains and to modernize certain provisions applicable to timber real estate investment trusts. 4/19/2007--Introduced. Timber Revitalization and Economic Enhancement (TREE) Act of 2007 - Amends the Internal Revenue Code to: (1) allow a tax deduction for 60% of qualified timber gains; (2) exempt deductible timber gains from the excise tax on the undistributed income of real estate investment trusts (REITs); (3) provide for the treatment of timber gains as qualifying REIT income and for mineral royalty income as qualifying income for timber REITs; and (4) provide special rules relating to income limitations and prohibited transactions for timber REITs.
Also tagged in: Business, Contractors, Dividends, Excise tax, Finance, Foreign corporations, Foreign exchange, Futures trading, Health facilities, Income tax, International finance, Leases, Medical care, Medicine, Rent, Securities, Stocks, Subsidiary corporations, Tax administration, Tax exclusion, Tax penalties, Taxation, Trade
Latest Action: 08/03/2007 - Sponsor introductory remarks on measure. (CR S10931-10932) Bill TextA bill to amend the Internal Revenue Code of 1986 to simplify certain provisions applicable to real estate investment trusts, and for other purposes. 8/3/2007--Introduced. REIT Investment Diversification and Empowerment Act of 2007 - Amends Internal Revenue Code provisions relating to real estate investment trusts (REITs) to: (1) treat passive foreign exchange gains attributable to overseas real estate investment as qualifying REIT income; (2) increase from 20 to 25% the the maximum value of a REIT's total assets thay may be represented by securities of one or more taxable REIT subsidiaries; (3) revise safe harbor rules for the excise tax penalty on certain REIT sales activities; (4) treat rental payments made by a health care facility to a REIT as qualifying REIT income; and (5) treat income from, and interests in, foreign-qualified REITs as qualifying REIT income and assets.
Also tagged in: Agricultural chemicals, Agricultural conservation, Agricultural credit, Agricultural industries, Agricultural machinery, Agricultural subsidies, Agriculture, Air pollution, Alcohol as fuel, Alternative energy sources, Animals, Biomass energy, Bonds, Broadband, Brownfields, Budgets, Business, Capital gains tax, Carbon cycle, Carbon dioxide, Cellulose, Charitable contributions, Coal, Coal gasification, Compressed natural gas, Congress, Congressional investigations, Congressional reporting requirements, Conservation easements, Corporation taxes, Crop insurance, Depreciation and amortization, Diesel motor, Disaster relief, Drug approvals, Easements, Economic policy, Electric appliances, Electric power plants, Electric power production, Electric power transmission, Emergency management, Employee training, Endangered species, Energy, Energy efficiency, Environmental protection, Excise tax, Farm income, Farm lands, Federal preemption, Fertilizers, Finance, Fines (Penalties), Forest conservation, Government trust funds, Grassland ecology, Habitat conservation, Hazardous substances, Hazardous waste sites, Hazardous wastes, Horticulture, Income tax, Indemnity, Infrastructure, Internet, Irrigation, Job training, Land transfers, Land use, Landfills, Law, Leases, Liquefied natural gas, Livestock, Local laws, Losses, Medical care, Medicine, Methane, Mining royalties, Natural resources, Open space lands, Pest control, Pesticides, Range management, Reservoirs, Restoration ecology, Rural affairs, Rural economic development, Security measures, Self-employed, Service stations, Social security, Social security taxes, Solar energy, Solid wastes, State and local government, State laws, Stocks, Tariff, Tax administration, Tax credits, Tax deductions, Tax evasion, Tax exclusion, Tax penalties, Tax returns, Tax shelters, Tax-exempt organizations, Taxation, Technology, Telecommunication, Timber sales, Trade, Trees, Veterinary medicine, Water resources, Wetlands, Wildlife conservation, Wind power
Latest Action: 10/25/2007 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 446. Bill TextAn original bill to amend the Trade Act of 1974 to establish supplemental agricultural disaster assistance and to amend the Internal Revenue Code of 1986 to provide tax incentives for conservation and alternative energy sources and to provide tax relief for farmers, and for other purposes. 10/25/2007--Reported to Senate 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.)Heartland, Habitat, Harvest, and Horticulture Act of 2007 - Title I: Supplemental Agricultural Disaster Assistance from the Agricultural Disaster Relief Trust Fund - (Sec. 101) Amends the Trade Act of 1974 to establish a program of supplemental agricultural disaster assistance. Establishes an Agriculture Disaster Relief Trust Fund to provide payments to farmers and ranchers who suffer losses in areas declared as disaster areas by the [...] show full description
Also tagged in: Business, Capital gains tax, Economic policy, Finance, Income tax, Indexing (Economic policy), Inflation, Losses, Mutual funds, Partnerships, Small business, Stocks, Taxation, Valuation
Latest Action: 03/15/2007 - Sponsor introductory remarks on measure. (CR S3203-3204) Bill TextA bill to amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss. 3/15/2007--Introduced. Capital Gains Inflation Relief Act of 2007 - Amends the Internal Revenue Code to allow an inflation adjustment based upon the gross domestic product deflator to the adjusted basis of certain assets (including C corporation common stock and tangible property used in a trade or business) held by a taxpayer for more than three years for purposes of determining gain or loss on the sale or other disposition of such assets. Sets forth rules for applying such inflation adjustment to short sales, regulated investment companies and real estate investment trusts, partnerships and other pass-thru entities, and dispositions of assets between related persons.
Also tagged in: Administrative fees, Administrative procedure, Afghanistan, Aged, Agriculture, Air conditioning, Air pollution, Air travel, Alaska, Alcohol as fuel, Algae, Alternative energy sources, American investments, Animals, Apartment houses, Appropriations, Armed forces, Armed forces abroad, Armed forces reserves, Auditing, Authorization, Automobile engines, Automobile industry, Bicycles, Biological research, Biomass energy, Block grants, Bonds, Budgets, Building construction, Building laws, Burns, Business, Canals, Capital investments, Capitol (Washington, D.C.), Carbon cycle, Carbon dioxide, Cellulose, China, Climate change, Coast guard, Coastal zone, Colorado, Commercialization, Community development banking, Computer software, Condominium (Housing), Congress, Congressional investigations, Congressional reporting requirements, Conservation easements, Construction industries, Construction workers, Consumer credit, Consumer education, Consumer protection, Consumers, Counseling, Curricula, Damages, Defense policy, Department of Agriculture, Department of Energy, Department of Housing and Urban Development, Department of the Treasury, Department of Transportation, Depreciation and amortization, Developing countries, Diesel motor, Disabled, Disaster relief, East Asia, Ecological research, Economic assistance, Ecosystem management, Education, Educational exchanges, Electric appliances, Electric batteries, Electric power distribution, Electric power plants, Electric power production, Electric power transmission, Electric utilities, Electric vehicles, Emergency management, Eminent domain, Endangered species, Energy, Energy assistance for the poor, Energy conservation, Energy conservation in buildings, Energy crops, Energy efficiency, Energy industries, Energy prices, Energy research, Energy security, Energy storage, Engines, Environmental assessment, Environmental protection, Environmental research, Environmental technology, Exchange of persons programs, Executive 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Latest Action: 09/27/2008 - Hearings Held by Subcommittee on Energy and Environment Prior to Introduction and Referral (05/15/2007).. Bill TextA bill to provide needed housing reform and for other purposes. 7/30/2008--Public Law. (There are 4 other summaries) Housing and Economic Recovery Act of 2008 - Division A: Housing Finance Reform - Federal Housing Finance Regulatory Reform Act of 2008 - Title I: Reform of Regulation of Enterprises - Subtitle A: Improvement of Safety and Soundness Supervision - (Sec. 1101) Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to replace the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD) with the Federal Housing Finance Agency (Agency), headed by a Director with regulatory authority over: (1) the Office of Finance; (2) the Federal Home Loan Banks (FHLBs); (3) the Federal National Mortgage Association (Fannie Mae); and (4) the Federal Home Loan Mortgage Corporation (Freddie Mac). (Fannie Mae and Freddie Mac are referred to jointly as the enterprises.) [...] show full description
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, Foreign tax credit, Foundations, Gasoline, Gift tax, Government information, Hotels, motels, etc., Hydrogen, Income tax, Individual retirement accounts, Interest, Investments, Legislation, Minimum tax, Nuclear power plants, Pensions, Public records, 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: 11/15/2007 - Sponsor introductory remarks on measure. (CR S14494) Bill TextA bill to amend the Internal Revenue Code of 1986 to make technical corrections, and for other purposes. 11/15/2007--Introduced. Tax Technical Corrections Act of 2007 - Makes technical 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 Jobs and Growth Tax Relief Reconciliation Act of 2003; (8) the Economic Growth and Tax Relief Reconciliation Act of 2001; (9) the Tax Relief Extension Act of 1999; and (10) the Internal Revenue Service Restructuring and Reform Act of 1998.
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, Foreign tax credit, Foundations, Gasoline, Gift tax, Government information, Hotels, motels, etc., Hydrogen, Income tax, Individual retirement accounts, Interest, Investments, Legislation, Minimum tax, Nuclear power plants, Pensions, Public records, 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: 11/15/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to make technical corrections, and for other purposes. 11/15/2007--Introduced. Tax Technical Corrections Act of 2007 - Makes technical 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 Jobs and Growth Tax Relief Reconciliation Act of 2003; (8) the Economic Growth and Tax Relief Reconciliation Act of 2001; (9) the Tax Relief Extension Act of 1999; and (10) the Internal Revenue Service Restructuring and Reform Act of 1998.
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, Foreign tax credit, Foundations, Gasoline, Gift tax, Government information, Hotels, motels, etc., Hydrogen, Income tax, Individual retirement accounts, Interest, Investments, Legislation, Minimum tax, Nuclear power plants, Pensions, Public records, 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
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Latest Legislation - View All
Also tagged in: Bonds, Brokers, Business, Capital gains tax, Corporation taxes, Education, Energy, Energy efficiency, Excise tax, Finance, Foreign exchange, Foreign tax credit, Foster home care, Government information, Government securities, Health facilities, Health policy, Higher education, Home ownership, Housing, Housing finance, Housing subsidies, Income tax, Information disclosure (Securities law), Interest, Leases, Local taxation, Low-income housing, Medical care, Medicine, Minimum tax, Mortgages, Property tax, Real estate investment, Rental housing, Residential rehabilitation, Secondary mortgage market, Securities, State and local government, State taxation, Student housing, Students, Subsidiary corporations, Surety and fidelity, Tax administration, Tax credits, Tax deductions, Tax exclusion, Tax exemption, Tax penalties, Tax returns, Tax-exempt organizations, Taxation, Welfare
Latest Action: 04/24/2008 - Reported (Amended) by the Committee on Ways and Means. H. Rept. 110-606. Bill TextTo amend the Internal Revenue Code of 1986 to provide assistance for housing. 4/24/2008--Reported to House amended. (There is 1 other summary) Housing Assistance Tax Act of 2008 - Title I: Housing Tax Incentives - Subtitle A: Multi-Family Housing - Part 1: Low-Income Housing Tax Credit - Amends Internal Revenue Code provisions relating to the low-income housing tax credit and tax-exempt bond rules for financing low-income housing projects.(Sec. 101) Increases in 2008 and 2009 the per capita amount of the low-income housing tax credit allocable by each state.(Sec. 102) Modifies rules for the low-income housing tax credit to: (1) eliminate the distinction between new and existing buildings for purposes of such credit; (2) establish a minimum credit rate for non-federally subsidized buildings; (3) set forth criteria for designating a building as federally subsidized and for considering federal assistance in calculating [...] show full description
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, Foreign tax credit, Foundations, Gasoline, Gift tax, Government information, Hotels, motels, etc., Hydrogen, Income tax, Individual retirement accounts, Interest, Investments, Legislation, Minimum tax, Nuclear power plants, Pensions, Public records, 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: 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, Foreign tax credit, Foundations, Gasoline, Gift tax, Government information, Hotels, motels, etc., Hydrogen, Income tax, Individual retirement accounts, Interest, Investments, Legislation, Minimum tax, Nuclear power plants, Pensions, Public records, 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: 11/15/2007 - Sponsor introductory remarks on measure. (CR S14494) Bill TextA bill to amend the Internal Revenue Code of 1986 to make technical corrections, and for other purposes. 11/15/2007--Introduced. Tax Technical Corrections Act of 2007 - Makes technical 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 Jobs and Growth Tax Relief Reconciliation Act of 2003; (8) the Economic Growth and Tax Relief Reconciliation Act of 2001; (9) the Tax Relief Extension Act of 1999; and (10) the Internal Revenue Service Restructuring and Reform Act of 1998.
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, Foreign tax credit, Foundations, Gasoline, Gift tax, Government information, Hotels, motels, etc., Hydrogen, Income tax, Individual retirement accounts, Interest, Investments, Legislation, Minimum tax, Nuclear power plants, Pensions, Public records, 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: 11/15/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to make technical corrections, and for other purposes. 11/15/2007--Introduced. Tax Technical Corrections Act of 2007 - Makes technical 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 Jobs and Growth Tax Relief Reconciliation Act of 2003; (8) the Economic Growth and Tax Relief Reconciliation Act of 2001; (9) the Tax Relief Extension Act of 1999; and (10) the Internal Revenue Service Restructuring and Reform Act of 1998.
Also tagged in: Agricultural chemicals, Agricultural conservation, Agricultural credit, Agricultural industries, Agricultural machinery, Agricultural subsidies, Agriculture, Air pollution, Alcohol as fuel, Alternative energy sources, Animals, Biomass energy, Bonds, Broadband, Brownfields, Budgets, Business, Capital gains tax, Carbon cycle, Carbon dioxide, Cellulose, Charitable contributions, Coal, Coal gasification, Compressed natural gas, Congress, Congressional investigations, Congressional reporting requirements, Conservation easements, Corporation taxes, Crop insurance, Depreciation and amortization, Diesel motor, Disaster relief, Drug approvals, Easements, Economic policy, Electric appliances, Electric power plants, Electric power production, Electric power transmission, Emergency management, Employee training, Endangered species, Energy, Energy efficiency, Environmental protection, Excise tax, Farm income, Farm lands, Federal preemption, Fertilizers, Finance, Fines (Penalties), Forest conservation, Government trust funds, Grassland ecology, Habitat conservation, Hazardous substances, Hazardous waste sites, Hazardous wastes, Horticulture, Income tax, Indemnity, Infrastructure, Internet, Irrigation, Job training, Land transfers, Land use, Landfills, Law, Leases, Liquefied natural gas, Livestock, Local laws, Losses, Medical care, Medicine, Methane, Mining royalties, Natural resources, Open space lands, Pest control, Pesticides, Range management, Reservoirs, Restoration ecology, Rural affairs, Rural economic development, Security measures, Self-employed, Service stations, Social security, Social security taxes, Solar energy, Solid wastes, State and local government, State laws, Stocks, Tariff, Tax administration, Tax credits, Tax deductions, Tax evasion, Tax exclusion, Tax penalties, Tax returns, Tax shelters, Tax-exempt organizations, Taxation, Technology, Telecommunication, Timber sales, Trade, Trees, Veterinary medicine, Water resources, Wetlands, Wildlife conservation, Wind power
Latest Action: 10/25/2007 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 446. Bill TextAn original bill to amend the Trade Act of 1974 to establish supplemental agricultural disaster assistance and to amend the Internal Revenue Code of 1986 to provide tax incentives for conservation and alternative energy sources and to provide tax relief for farmers, and for other purposes. 10/25/2007--Reported to Senate 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.)Heartland, Habitat, Harvest, and Horticulture Act of 2007 - Title I: Supplemental Agricultural Disaster Assistance from the Agricultural Disaster Relief Trust Fund - (Sec. 101) Amends the Trade Act of 1974 to establish a program of supplemental agricultural disaster assistance. Establishes an Agriculture Disaster Relief Trust Fund to provide payments to farmers and ranchers who suffer losses in areas declared as disaster areas by the [...] show full description
Also tagged in: Business, Contractors, Dividends, Excise tax, Finance, Foreign corporations, Foreign exchange, Futures trading, Health facilities, Income tax, International finance, Leases, Medical care, Medicine, Rent, Securities, Stocks, Subsidiary corporations, Tax administration, Tax exclusion, Tax penalties, Taxation, Trade
Latest Action: 08/03/2007 - Sponsor introductory remarks on measure. (CR S10931-10932) Bill TextA bill to amend the Internal Revenue Code of 1986 to simplify certain provisions applicable to real estate investment trusts, and for other purposes. 8/3/2007--Introduced. REIT Investment Diversification and Empowerment Act of 2007 - Amends Internal Revenue Code provisions relating to real estate investment trusts (REITs) to: (1) treat passive foreign exchange gains attributable to overseas real estate investment as qualifying REIT income; (2) increase from 20 to 25% the the maximum value of a REIT's total assets thay may be represented by securities of one or more taxable REIT subsidiaries; (3) revise safe harbor rules for the excise tax penalty on certain REIT sales activities; (4) treat rental payments made by a health care facility to a REIT as qualifying REIT income; and (5) treat income from, and interests in, foreign-qualified REITs as qualifying REIT income and assets.
Also tagged in: Administrative fees, Administrative procedure, Afghanistan, Aged, Agriculture, Air conditioning, Air pollution, Air travel, Alaska, Alcohol as fuel, Algae, Alternative energy sources, American investments, Animals, Apartment houses, Appropriations, Armed forces, Armed forces abroad, Armed forces reserves, Auditing, Authorization, Automobile engines, Automobile industry, Bicycles, Biological research, Biomass energy, Block grants, Bonds, Budgets, Building construction, Building laws, Burns, Business, Canals, Capital investments, Capitol (Washington, D.C.), Carbon cycle, Carbon dioxide, Cellulose, China, Climate change, Coast guard, Coastal zone, Colorado, Commercialization, Community development banking, Computer software, Condominium (Housing), Congress, Congressional investigations, Congressional reporting requirements, Conservation easements, Construction industries, Construction workers, Consumer credit, Consumer education, Consumer protection, Consumers, Counseling, Curricula, Damages, Defense policy, Department of Agriculture, Department of Energy, Department of Housing and Urban Development, Department of the Treasury, Department of Transportation, Depreciation and amortization, Developing countries, Diesel motor, Disabled, Disaster relief, East Asia, Ecological research, Economic assistance, Ecosystem management, Education, Educational exchanges, Electric appliances, Electric batteries, Electric power distribution, Electric power plants, Electric power production, Electric power transmission, Electric utilities, Electric vehicles, Emergency management, Eminent domain, Endangered species, Energy, Energy assistance for the poor, Energy conservation, Energy conservation in buildings, Energy crops, Energy efficiency, Energy industries, Energy prices, Energy research, Energy security, Energy storage, Engines, Environmental assessment, Environmental protection, Environmental research, Environmental technology, Exchange of persons programs, Executive departments, Executive reorganization, Families, |
