Top Legislation - View All
Also tagged in: Emergency management, Emergency medicine, Fire fighters, Income tax, Labor, Local taxation, Medical care, Medical personnel, Medicine, Property tax, Rescue work, Social security, Social security taxes, State and local government, State taxation, Tax exclusion, Tax exemption, Taxation, Unemployment insurance, Volunteer workers, Withholding tax
Latest Action: 05/23/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to exclude property tax rebates and other benefits provided to volunteer firefighters, search and rescue personnel, and emergency medical responders from income and employment taxes and wage withholding. 5/23/2007--Introduced. Amends the Internal Revenue Code to exclude from gross income rebates of state or local real or personal property taxes or any other benefit provided by a state or local government to volunteer firefighters, search and rescue personnel, and emergency medical responders. Exempts such rebates and benefits from employment and unemployment taxes and from withholding of tax requirements.
Also tagged in: Administrative fees, Aged, Air cargo, Armed forces, Armed forces abroad, Aviation safety, Banks and banking, Border patrols, Budgets, Children, Collection of accounts, Community development, Congressional reporting requirements, Consumption, Counterterrorism, Criminal justice, Defense policy, Department of the Treasury, Depressed areas, Detention of persons, Earned income tax credit, Economic impact statements, Economic policy, Education, Elementary and secondary education, Elementary education, Emergency management, Emergency medicine, Excise tax, Executive departments, Executive reorganization, Families, Federal aid to law enforcement, Federal employees, Fees, Finance, Fire fighters, Fiscal policy, Foreign policy, Fraud, Government employees, Governmental investigations, Health insurance, Health policy, Higher education, Housing, Immigration, Income tax, Indexing (Economic policy), Infrastructure, Interest, International affairs, Job creation, Labor, Law, Law enforcement officers, Marine safety, Marine terminals, Medical care, Medically uninsured, Medicare, Medicine, Military pay, Minimum tax, Misconduct in office, Mortgages, National Guard, Old age, survivors and disability insurance, Paramedical personnel, Pay equity, Police, Politics and government, Progressive taxation, Public debt, Public schools, Revenue sharing, Rural affairs, Rural economic development, Sales tax, Saving and investment, Secondary education, Security measures, Social security, Social security finance, State and local government, Tax administration, Tax credits, Tax deductions, Tax exemption, Tax expenditures, Tax incentives, Tax penalties, Tax rates, Taxation, Terrorism, Transportation, Turnover tax, Urban affairs, Urban economic development, Waste in government spending, Welfare
Latest Action: 05/03/2007 - Referred to the House Committee on Ways and Means. Bill TextTo require a study and comprehensive analytical report on transforming America by reforming the Federal tax code through elimination of all Federal taxes on individuals and corporations and replacing the Federal tax code with a transaction fee-based system. 5/3/2007--Introduced. Comprehensive Transform America Transaction Fee Act of 2007 - Directs the Secretary of the Treasury to conduct an in-depth study on the implementation of a transaction fee in the United States to replace all existing federal taxes. Sets forth guidelines for such study, including: (1) an identification of the transactions to which such fee would apply; (2) exclusions from such fee; (3) the rate of such fee; (4) potential uses for revenue from such fee; (5) progressivity standards; and (6) general matters, including point of liability for such fee and responsibility for collection. Requires the Secretary to report to Congress on the results of such study within one year after the enactment of [...] show full description
Also tagged in: Bankruptcy, Business, Cooperative housing, Corporation taxes, Debt, Education, Emergency management, Emergency medicine, Families, Finance, Fire fighters, Higher education, Home ownership, Housing, Housing finance, Income tax, Insurance premiums, Loan defaults, Local taxation, Low-income housing, Medical care, Medicine, Mortgage guaranty insurance, Mortgages, Partnerships, Single-parent families, Small business, Social services, State and local government, State taxation, Students, Tax deductions, Tax exclusion, Tax penalties, Tax rates, Tax returns, Taxation, Volunteer workers, Welfare, Widowers, Widows, Women
Latest Action: 12/20/2007 - Became Public Law No: 110-142. Bill TextTo amend the Internal Revenue Code of 1986 to exclude discharges of indebtedness on principal residences from gross income, and for other purposes. 12/20/2007--Public Law. (There are 4 other summaries) (This measure has not been amended since it was passed by the Senate on December 14, 2007. The summary of that version is repeated here.)Mortgage Forgiveness Debt Relief Act of 2007 - Amends the Internal Revenue Code to exclude from gross income amounts attributable to a discharge, prior to January 1, 2010, of indebtedness incurred to acquire a principal residence. Limits to $2 million the excludable amount of such indebtedness. Reduces the basis of a principal residence by the amount of discharged indebtedness excluded from gross income. Disallows an exclusion for a discharge of indebtedness on account of services performed for the lender or any other factor not directly related to a decline in the value of the residence or to the financial [...] show full description
Also tagged in: Appropriations, Budgets, Business, Congress, Congressional reporting requirements, Corporation taxes, Depreciation and amortization, Economic policy, Finance, Housing, Income tax, Mortgages, Northern Mariana Islands, Puerto Rico, Secondary mortgage market, Tax credits, Tax deductions, Taxation
Latest Action: 02/13/2008 - Signed by President. Bill TextTo provide economic stimulus through recovery rebates to individuals, incentives for business investment, and an increase in conforming and FHA loan limits. 2/13/2008--Public Law. (There are 3 other summaries) (This measure has not been amended since it was passed by the Senate on February 7, 2008. The summary of that version is repeated here.)Economic Stimulus Act of 2008 - Title I: Recovery Rebates and Incentives for Business Investment - (Sec. 101) Amends the Internal Revenue Code to grant tax rebates of the lesser of net income tax liability or $600 to individual taxpayers ($1,200 for married taxpayers filing joint returns). Allows additional rebates of $300 for each child of an eligible taxpayer.Provides for a minimum tax rebate of $300 ($600 for married taxpayers filing joint returns) for taxpayers with earned income of at least $3,000. Includes social security retirement benefits and compensation and pension benefits [...] show full description
Also tagged in: Emergency management, Emergency medicine, Fire fighters, Income tax, Medical care, Medical personnel, Medicine, Paramedical personnel, Property tax, Social security, Social security taxes, Social services, Tax exclusion, Taxation, Volunteer workers, Withholding tax
Latest Action: 02/08/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to exclude from income and employment taxes and wage withholding property tax rebates and other benefits provided to volunteer firefighters and emergency medical responders. 2/8/2007--Introduced. Volunteer Responder Incentive Protection Act of 2007 - Amends the Internal Revenue Code to exclude from gross income and to exempt from social security, unemployment taxes, and withholding of tax requirements rebates of real or personal property taxes or any other benefit provided by a State or local government to a member of a volunteer emergency response organization providing firefighting or emergency medical services.
Also tagged in: Air pollution, Air pollution control, Budgets, Business, Carbon dioxide, Coal, Collection of accounts, Congress, Congressional reporting requirements, Energy, Energy research, Environmental protection, Excise tax, Foreign policy, Government trust funds, Governmental investigations, Greenhouse gases, Income tax, International affairs, International environmental cooperation, Natural gas, Peat, Petroleum, Petroleum industry, Science policy, Subsidies, Tax credits, Tax returns, Taxation
Latest Action: 08/03/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to reduce carbon dioxide emissions in the United States domestic energy supply. 8/3/2007--Introduced. America's Energy Security Trust Fund Act of 2007 - Amends the Internal Revenue Code to impose an excise tax on any taxable carbon substance sold by a manufacturer, producer, or importer. Defines "taxable carbon substance" as: (1) coal (including lignite and peat); (2) petroleum and any petroleum products; and (3) natural gas that is extracted, manufactured, or produced in the United States, or entered into the United States for consumption, use, or warehousing. Establishes in the Treasury the America's Energy Security Trust Fund to finance research in clean energy technology, assist industries negatively affected by this Act, and provide carbon tax rebates to individual taxpayers.Allows individual taxpayers a tax credit equal to carbon tax rebate amounts calculated by the Secretary of the Treasury.Directs [...] show full description
Also tagged in: Aged, Annuities, Armed forces, Armed forces reserves, Blind, Bonds, Business, Capital gains tax, Defense policy, Disabled, Earned income tax credit, Earnings, Education, Education savings accounts, Emergency management, Employee health benefits, Executive departments, Expatriation, Families, Finance, Fire fighters, Flexible benefit plans, Foreign corporations, Government contractors, Government employees, Government information, Government service contracts, Health policy, Higher education, Home ownership, Housing, Housing finance, Identification devices, Immigration, Income tax, Individual retirement accounts, Intelligence activities, Intelligence community staff, Labor, Life insurance, Medical care, Mental health services, Military dependents, Military pay, Military personnel, Mortgages, National service, Peace Corps, Pensions, Public contracts, Social security, Social security taxes, Social services, Subsidiary corporations, Supplemental security income program, Survivors' benefits, Tax credits, Tax deferral, Tax evasion, Tax exclusion, Tax penalties, Tax refunds, Tax returns, Tax-deferred compensation plans, Taxation, Trade, Unemployment insurance, Veterans' benefits, Volunteer workers, Wages, War casualties, Welfare, Welfare eligibility, Withholding tax
Latest Action: 06/17/2008 - Became Public Law No: 110-245. Bill TextTo amend the Internal Revenue Code of 1986 to provide benefits for military personnel, and for other purposes. 6/17/2008--Public Law. (There are 3 other summaries) (This measure has not been amended since it was passed by the House on May 20, 2008. The summary of that version is repeated here.)Heroes Earning Assistance and Relief Tax Act of 2008 -Amends the Internal Revenue Code to provide tax benefits and incentives for military personnel.Title I: Benefits for Military - (Sec 101) Exempts married taxpayers who file a joint tax return from the identification requirement for the 2008 recovery tax rebate if at least one of the filers is a current member of the Armed Forces.(Sec. 102) Makes permanent the election to treat combat zone compensation as earned income for purposes of the earned income tax credit. (Sec. 103) Makes permanent the exemption from the first-time homebuyer rule for veterans using mortgage [...] show full description
Latest Action: 06/11/2008 - Mr. Butterfield moved to suspend the rules and agree to the resolution. Bill TextExpressing the sense of the House of Representatives that rebate checks would better stimulate the economy if spent on American-made products and services from American-owned companies. 6/11/2008--Passed House without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Encourages Americans to use their rebate checks from the stimulus package to purchase American-made goods and services from American-owned companies.
Latest Action: 01/28/2008 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to provide an economic stimulus for individuals. 1/28/2008--Introduced. Family Economic Stimulus Act of 2008 - Amends the Internal Revenue Code to: (1) exclude unemployment compensation from gross income in 2007 and 2008; (2) increase the child tax credit to $1,200 in 2008; (3) allow individual taxpayers a $400 tax rebate ($800 in the case of a joint return) in 2008; (4) extend unemployment insurance benefits; and (5) require states to distribute to unemployed individuals information about unemployment insurance eligibility conditions.
Latest Action: 02/18/2008 - Referred to the Subcommittee on Trade. Bill TextTo deny a rebate of Federal income taxes to illegal immigrants. 2/7/2008--Introduced. Renders nonresident aliens ineligible for any federal income tax rebate enacted by Congress in 2008. Prohibits the payment of any tax rebate to an individual who does not include a valid identification number (i.e., social security number) on a tax return.
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Latest Legislation - View All
Also tagged in: Aged, Annuities, Armed forces, Armed forces reserves, Blind, Bonds, Business, Capital gains tax, Defense policy, Disabled, Earned income tax credit, Earnings, Education, Education savings accounts, Emergency management, Employee health benefits, Executive departments, Expatriation, Families, Finance, Fire fighters, Flexible benefit plans, Foreign corporations, Government contractors, Government employees, Government information, Government service contracts, Health policy, Higher education, Home ownership, Housing, Housing finance, Identification devices, Immigration, Income tax, Individual retirement accounts, Intelligence activities, Intelligence community staff, Labor, Life insurance, Medical care, Mental health services, Military dependents, Military pay, Military personnel, Mortgages, National service, Peace Corps, Pensions, Public contracts, Social security, Social security taxes, Social services, Subsidiary corporations, Supplemental security income program, Survivors' benefits, Tax credits, Tax deferral, Tax evasion, Tax exclusion, Tax penalties, Tax refunds, Tax returns, Tax-deferred compensation plans, Taxation, Trade, Unemployment insurance, Veterans' benefits, Volunteer workers, Wages, War casualties, Welfare, Welfare eligibility, Withholding tax
Latest Action: 06/17/2008 - Became Public Law No: 110-245. Bill TextTo amend the Internal Revenue Code of 1986 to provide benefits for military personnel, and for other purposes. 6/17/2008--Public Law. (There are 3 other summaries) (This measure has not been amended since it was passed by the House on May 20, 2008. The summary of that version is repeated here.)Heroes Earning Assistance and Relief Tax Act of 2008 -Amends the Internal Revenue Code to provide tax benefits and incentives for military personnel.Title I: Benefits for Military - (Sec 101) Exempts married taxpayers who file a joint tax return from the identification requirement for the 2008 recovery tax rebate if at least one of the filers is a current member of the Armed Forces.(Sec. 102) Makes permanent the election to treat combat zone compensation as earned income for purposes of the earned income tax credit. (Sec. 103) Makes permanent the exemption from the first-time homebuyer rule for veterans using mortgage [...] show full description
Also tagged in: Air pollution, Air pollution control, Alternative energy sources, Business, Economic conditions, Economic policy, Energy, Energy efficiency, Environmental protection, Finance, Greenhouse gases, Income tax, Retail trade, Sales promotion, Saving and investment, Service industries, Taxation
Latest Action: 02/14/2008 - Referred to the House Committee on Energy and Commerce. Bill TextEncouraging Americans to join others across the country in using their rebate checks to invest in renewable energy and energy-efficient products and services in order to save money, stimulate the economy, and reduce greenhouse gas emissions. 2/14/2008--Introduced. Encourages: (1) Americans to use their rebate checks to invest in renewable energy and energy-efficient products and services in order to save money, stimulate the economy, and reduce greenhouse gas emissions; and (2) retailers and service providers to offer promotions for such investments.
Latest Action: 06/11/2008 - Mr. Butterfield moved to suspend the rules and agree to the resolution. Bill TextExpressing the sense of the House of Representatives that rebate checks would better stimulate the economy if spent on American-made products and services from American-owned companies. 6/11/2008--Passed House without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Encourages Americans to use their rebate checks from the stimulus package to purchase American-made goods and services from American-owned companies.
Latest Action: 02/18/2008 - Referred to the Subcommittee on Trade. Bill TextTo deny a rebate of Federal income taxes to illegal immigrants. 2/7/2008--Introduced. Renders nonresident aliens ineligible for any federal income tax rebate enacted by Congress in 2008. Prohibits the payment of any tax rebate to an individual who does not include a valid identification number (i.e., social security number) on a tax return.
Also tagged in: Appropriations, Budgets, Business, Congress, Congressional reporting requirements, Corporation taxes, Depreciation and amortization, Economic policy, Finance, Housing, Income tax, Mortgages, Northern Mariana Islands, Puerto Rico, Secondary mortgage market, Tax credits, Tax deductions, Taxation
Latest Action: 02/13/2008 - Signed by President. Bill TextTo provide economic stimulus through recovery rebates to individuals, incentives for business investment, and an increase in conforming and FHA loan limits. 2/13/2008--Public Law. (There are 3 other summaries) (This measure has not been amended since it was passed by the Senate on February 7, 2008. The summary of that version is repeated here.)Economic Stimulus Act of 2008 - Title I: Recovery Rebates and Incentives for Business Investment - (Sec. 101) Amends the Internal Revenue Code to grant tax rebates of the lesser of net income tax liability or $600 to individual taxpayers ($1,200 for married taxpayers filing joint returns). Allows additional rebates of $300 for each child of an eligible taxpayer.Provides for a minimum tax rebate of $300 ($600 for married taxpayers filing joint returns) for taxpayers with earned income of at least $3,000. Includes social security retirement benefits and compensation and pension benefits [...] show full description
Latest Action: 01/28/2008 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to provide an economic stimulus for individuals. 1/28/2008--Introduced. Family Economic Stimulus Act of 2008 - Amends the Internal Revenue Code to: (1) exclude unemployment compensation from gross income in 2007 and 2008; (2) increase the child tax credit to $1,200 in 2008; (3) allow individual taxpayers a $400 tax rebate ($800 in the case of a joint return) in 2008; (4) extend unemployment insurance benefits; and (5) require states to distribute to unemployed individuals information about unemployment insurance eligibility conditions.
Also tagged in: Bankruptcy, Business, Cooperative housing, Corporation taxes, Debt, Education, Emergency management, Emergency medicine, Families, Finance, Fire fighters, Higher education, Home ownership, Housing, Housing finance, Income tax, Insurance premiums, Loan defaults, Local taxation, Low-income housing, Medical care, Medicine, Mortgage guaranty insurance, Mortgages, Partnerships, Single-parent families, Small business, Social services, State and local government, State taxation, Students, Tax deductions, Tax exclusion, Tax penalties, Tax rates, Tax returns, Taxation, Volunteer workers, Welfare, Widowers, Widows, Women
Latest Action: 12/20/2007 - Became Public Law No: 110-142. Bill TextTo amend the Internal Revenue Code of 1986 to exclude discharges of indebtedness on principal residences from gross income, and for other purposes. 12/20/2007--Public Law. (There are 4 other summaries) (This measure has not been amended since it was passed by the Senate on December 14, 2007. The summary of that version is repeated here.)Mortgage Forgiveness Debt Relief Act of 2007 - Amends the Internal Revenue Code to exclude from gross income amounts attributable to a discharge, prior to January 1, 2010, of indebtedness incurred to acquire a principal residence. Limits to $2 million the excludable amount of such indebtedness. Reduces the basis of a principal residence by the amount of discharged indebtedness excluded from gross income. Disallows an exclusion for a discharge of indebtedness on account of services performed for the lender or any other factor not directly related to a decline in the value of the residence or to the financial [...] show full description
Also tagged in: Air pollution, Air pollution control, Budgets, Business, Carbon dioxide, Coal, Collection of accounts, Congress, Congressional reporting requirements, Energy, Energy research, Environmental protection, Excise tax, Foreign policy, Government trust funds, Governmental investigations, Greenhouse gases, Income tax, International affairs, International environmental cooperation, Natural gas, Peat, Petroleum, Petroleum industry, Science policy, Subsidies, Tax credits, Tax returns, Taxation
Latest Action: 08/03/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to reduce carbon dioxide emissions in the United States domestic energy supply. 8/3/2007--Introduced. America's Energy Security Trust Fund Act of 2007 - Amends the Internal Revenue Code to impose an excise tax on any taxable carbon substance sold by a manufacturer, producer, or importer. Defines "taxable carbon substance" as: (1) coal (including lignite and peat); (2) petroleum and any petroleum products; and (3) natural gas that is extracted, manufactured, or produced in the United States, or entered into the United States for consumption, use, or warehousing. Establishes in the Treasury the America's Energy Security Trust Fund to finance research in clean energy technology, assist industries negatively affected by this Act, and provide carbon tax rebates to individual taxpayers.Allows individual taxpayers a tax credit equal to carbon tax rebate amounts calculated by the Secretary of the Treasury.Directs [...] show full description
Also tagged in: Emergency management, Emergency medicine, Fire fighters, Income tax, Labor, Local taxation, Medical care, Medical personnel, Medicine, Property tax, Rescue work, Social security, Social security taxes, State and local government, State taxation, Tax exclusion, Tax exemption, Taxation, Unemployment insurance, Volunteer workers, Withholding tax
Latest Action: 05/23/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to exclude property tax rebates and other benefits provided to volunteer firefighters, search and rescue personnel, and emergency medical responders from income and employment taxes and wage withholding. 5/23/2007--Introduced. Amends the Internal Revenue Code to exclude from gross income rebates of state or local real or personal property taxes or any other benefit provided by a state or local government to volunteer firefighters, search and rescue personnel, and emergency medical responders. Exempts such rebates and benefits from employment and unemployment taxes and from withholding of tax requirements.
Also tagged in: Administrative fees, Aged, Air cargo, Armed forces, Armed forces abroad, Aviation safety, Banks and banking, Border patrols, Budgets, Children, Collection of accounts, Community development, Congressional reporting requirements, Consumption, Counterterrorism, Criminal justice, Defense policy, Department of the Treasury, Depressed areas, Detention of persons, Earned income tax credit, Economic impact statements, Economic policy, Education, Elementary and secondary education, Elementary education, Emergency management, Emergency medicine, Excise tax, Executive departments, Executive reorganization, Families, Federal aid to law enforcement, Federal employees, Fees, Finance, Fire fighters, Fiscal policy, Foreign policy, Fraud, Government employees, Governmental investigations, Health insurance, Health policy, Higher education, Housing, Immigration, Income tax, Indexing (Economic policy), Infrastructure, Interest, International affairs, Job creation, Labor, Law, Law enforcement officers, Marine safety, Marine terminals, Medical care, Medically uninsured, Medicare, Medicine, Military pay, Minimum tax, Misconduct in office, Mortgages, National Guard, Old age, survivors and disability insurance, Paramedical personnel, Pay equity, Police, Politics and government, Progressive taxation, Public debt, Public schools, Revenue sharing, Rural affairs, Rural economic development, Sales tax, Saving and investment, Secondary education, Security measures, Social security, Social security finance, State and local government, Tax administration, Tax credits, Tax deductions, Tax exemption, Tax expenditures, Tax incentives, Tax penalties, Tax rates, Taxation, Terrorism, Transportation, Turnover tax, Urban affairs, Urban economic development, Waste in government spending, Welfare
Latest Action: 05/03/2007 - Referred to the House Committee on Ways and Means. Bill TextTo require a study and comprehensive analytical report on transforming America by reforming the Federal tax code through elimination of all Federal taxes on individuals and corporations and replacing the Federal tax code with a transaction fee-based system. 5/3/2007--Introduced. Comprehensive Transform America Transaction Fee Act of 2007 - Directs the Secretary of the Treasury to conduct an in-depth study on the implementation of a transaction fee in the United States to replace all existing federal taxes. Sets forth guidelines for such study, including: (1) an identification of the transactions to which such fee would apply; (2) exclusions from such fee; (3) the rate of such fee; (4) potential uses for revenue from such fee; (5) progressivity standards; and (6) general matters, including point of liability for such fee and responsibility for collection. Requires the Secretary to report to Congress on the results of such study within one year after the enactment of [...] show full description
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