legislation
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1,063 rows where congress = 102 and policy_area = "Taxation" sorted by introduced_date descending
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| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date ▲ | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
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| 102-s-3379 | 102 | s | 3379 | A bill to amend the Internal Revenue Code of 1986 to encourage the production of certain bio-additive and ethanol fuels, and for other purposes. | Taxation | 1992-10-08 | 1992-10-08 | Read twice and referred to the Committee on Finance. | Senate | Sen. Daschle, Thomas A. [D-SD] | SD | D | D000064 | 0 | Amends the Internal Revenue Code to allow a portion of the alcohol fuels credit to offset the tentative minimum tax. Allows an alcohol fuels credit for bio-additives (liquids derived from biological sources) used to produce diesel fuel. Excludes from gross income the alcohol fuel credit attributable to bio-additives and certain ethanol-based ethers. | 2025-01-14T18:59:41Z | |
| 102-s-3381 | 102 | s | 3381 | A bill to amend the Internal Revenue Code of 1986 to provide that certain disabled taxpayers may compute their medical expense deduction without regard to income from the forced sale of assets to pay medical bills. | Taxation | 1992-10-08 | 1992-10-08 | Read twice and referred to the Committee on Finance. | Senate | Sen. Packwood, Bob [R-OR] | OR | R | P000009 | 1 | Amends the Internal Revenue Code to allow an eligible taxpayer to exclude from gross income the gain from the sale of real property to the extent such gain does not exceed $250,000. Makes a taxpayer eligible if: (1) the taxpayer or the taxpayer's spouse or dependent is physically or mentally incapable of caring for himself or herself; (2) the expenses for medical care of such an individual exceed 25 percent of the taxpayer's adjusted gross income (reduced by the gain from the sale of property); and (3) the taxpayer elects the exclusion from gross income. | 2025-01-14T18:59:41Z | |
| 102-hr-6195 | 102 | hr | 6195 | Income Averaging Restoration Act of 1992 | Taxation | 1992-10-06 | 1992-10-06 | Referred to the House Committee on Ways and Means. | House | Rep. Carr, Bob [D-MI-6] | MI | D | C000178 | 0 | Income Averaging Restoration Act of 1992 - Repeals provisions of the Tax Reform Act of 1986 to restore Internal Revenue Code provisions relating to income averaging. | 2025-08-26T15:17:41Z | |
| 102-hr-6196 | 102 | hr | 6196 | Tax Fairness Restoration and Economic Growth Act | Taxation | 1992-10-06 | 1992-10-06 | Referred to the House Committee on Ways and Means. | House | Rep. Cox, Christopher [R-CA-40] | CA | R | C000830 | 50 | Tax Fairness Restoration and Economic Growth Act - Title I: Tax Reductions - Subtitle A: Capital Gains Provisions - Amends the Internal Revenue Code to exclude capital gain from gross income and exempt capital gain from tax. Makes such exemption applicable to computing the alternative minimum tax. Subtitle B: Restoration of Income Averaging - Sets forth provisions to restore income averaging. Subtitle C: Elimination of Double Tax on Dividends - Allows a shareholder credit (for taxpayers other than corporations) for dividends from domestic corporations. Provides for determining such credit based on the corporation's post-1992 Federal income taxes and post-1992 undistributed earnings. Includes such credit in the determination of gross income. Allows corporations a 100 percent deduction for amounts received as dividends from domestic corporations. Revises computations on dividends received by corporations on the preferred stock of a public utility. Subtitle D: Permanent Extension of Research Credit - Makes permanent law the credit for increasing research activities. Subtitle E: Reduction of Individual Tax Rate - Reduces individual income tax rates by eliminating the highest tax bracket. Subtitle F: Retirement Savings Incentives - Part I Restoration of IRA Deduction - Amends the Internal Revenue Code to remove the limitations on deductions for individual retirement plans and provides a cost-of-living adjustment for deductible amounts. Part II: Nondeductible Tax-Free IRAs - Establishes special individual retirement accounts that are nondeductible. Makes such accounts nontaxable if earnings on contributions are held for at least five years. Applies the early withdrawal penalty to distributions made before the end of the five year-period. Part III: Penalty-Free Distributions - Provides exemptions from the ten-percent penalty on early withdrawals from individual retirement plans for: (1) first home purchases; (2) higher education expenses; and (3) financially devastating medical expenses. Subtitle G: Repe… | 2025-08-26T15:13:58Z | |
| 102-s-3351 | 102 | s | 3351 | A bill to amend the Internal Revenue Code of 1986 to defer estate taxes on family farms and businesses. | Taxation | 1992-10-06 | 1992-10-06 | Read twice and referred to the Committee on Finance. | Senate | Sen. Breaux, John B. [D-LA] | LA | D | B000780 | 0 | Amends the Internal Revenue Code to defer estate taxes on small family farms and businesses worth less than $50 million until six months after: (1) the disposition of 40 percent or more of the value of the farm or business to nonfamily members; (2) the disposition of 60 percent or more of the farm or business to a family member who is not a qualified heir; (3) the management or control of such assets belongs to a nonfamily member for 270 consecutive days or longer; or (4) the cessation of the use of the assets in a qualified farm, trade, or business. Limits such estate taxes to the present value of the assets. | 2025-01-14T18:59:41Z | |
| 102-s-3353 | 102 | s | 3353 | A bill to amend section 848 of the Internal Revenue Code of 1986 to provide that certain noncancellable accident and health insurance policies of small insurance companies be treated in the same manner as group life insurance contracts. | Taxation | 1992-10-06 | 1992-10-06 | Read twice and referred to the Committee on Finance. | Senate | Sen. Specter, Arlen [R-PA] | PA | R | S000709 | 0 | Amends the Internal Revenue Code to provide for treating qualified accident and health insurance contracts of small insurance companies in the same manner as group life insurance contracts for purposes of capitalization of certain policy acquisition expenses. | 2025-01-14T18:59:41Z | |
| 102-hr-6151 | 102 | hr | 6151 | Tribal Government Unemployment Compensation Act Amendments of 1992 | Taxation | 1992-10-05 | 1992-10-05 | Referred to the House Committee on Ways and Means. | House | Rep. Peterson, Collin C. [D-MN-7] | MN | D | P000258 | 0 | Tribal Government Unemployment Compensation Act Amendments of 1992 - Amends the Internal Revenue Code to treat, for unemployment compensation tax purposes, employment by federally recognized tribal governments in the same manner as employment by State or local units of government or nonprofit organizations. | 2025-08-26T15:17:59Z | |
| 102-hr-6153 | 102 | hr | 6153 | To amend the Internal Revenue Code of 1986 to provide for the temporary waiver of certain restrictions on the 1-time exclusion of gain from the sale of a principal residence. | Taxation | 1992-10-05 | 1992-10-05 | Referred to the House Committee on Ways and Means. | House | Rep. Smith, Christopher H. [R-NJ-4] | NJ | R | S000522 | 0 | Amends the Internal Revenue Code to waive the age requirement (55 years or older) for eligibility with respect to the one-time income tax exclusion of gain from the sale of a residence during the two-year period beginning on the day after the date of the enactment of this Act. Requires this amendment to be applied by not taking into account any election with respect to a sale or exchange made on or before such date. Requires, in the case of a sale or exchange after the close of the two-year period, that this amendment be applied by not taking into account any election made during such two-year period. | 2024-02-07T16:32:33Z | |
| 102-hr-6118 | 102 | hr | 6118 | Minority Capital Formation Act of 1992 | Taxation | 1992-10-03 | 1992-10-03 | Referred to the House Committee on Ways and Means. | House | Rep. Dixon, Julian C. [D-CA-28] | CA | D | D000373 | 0 | Minority Capital Formation Act of 1992 - Amends the Internal Revenue Code to allow a deduction for investment in qualified minority fund interests. Limits such deduction to $300,000 ($150,000 in the case of a married individual filing separately). Allows a deduction for investment in the stock of small minority business corporations, up to certain limits. Allows a taxpayer to elect, in lieu of such deduction, to take a credit of: (1) 15 percent of the aggregate bases of qualified minority fund interests; or (2) ten percent of the aggregate bases of small minority business stock. Limits the amount of such credit. Provides carryover provisions for the deduction and the credit. Provides for recapture of such deductions in computing bases for capital gains purposes. Requires an interest charge on the disposition within five years of any property whose bases have been reduced by such a deduction. Excludes from gross income 50 percent of any gain on the sale or exchange of any property by a qualified minority fund if such property was held for at least five years. Defers qualified reinvested capital gain, in the case of an individual, for up to the ninth year after the sale or exchange. Places a dollar limitation on such amount. Makes ineligible for such deferral married individuals who do not file joint returns and estates or trusts. Terminates such deferral if qualified property is disposed of before five years after its purchase. | 2025-08-26T15:15:32Z | |
| 102-hr-6120 | 102 | hr | 6120 | To exclude unemployment compensation received during 1992 by low-or moderate-income individuals from gross income. | Taxation | 1992-10-03 | 1992-10-03 | Referred to the House Committee on Ways and Means. | House | Rep. Ridge, Thomas J. [R-PA-21] | PA | R | R000243 | 0 | Excludes unemployment compensation received during 1992 by low- or moderate-income individuals from their gross income, for Federal income tax purposes under the Internal Revenue Code. | 2024-02-07T16:32:33Z | |
| 102-hr-6106 | 102 | hr | 6106 | Family Farm Protection Act of 1992 | Taxation | 1992-10-02 | 1992-10-02 | Referred to the House Committee on Ways and Means. | House | Rep. Paxon, Bill [R-NY-31] | NY | R | P000148 | 0 | Family Farm Protection Act of 1992 - Title I: Capital Gains Tax Reduction - Amends the Internal Revenue Code to reduce the individual and corporate capital gains rate from 34 percent to 15 percent. Reduces such tax to 7.5 percent for low- and middle-income taxpayers. Provides for the phaseout of personal exemptions and the overall limitation on itemized deductions to take into account adjusted gross income which has been reduced by net capital gain. Requires indexing, based on the gross national product deflator, of the adjusted basis of certain assets (corporate stock and tangible property that is a capital asset of property used in a trade or business) that have been held for more than one year at the time of sale or other transfer, solely for the purpose of determining gain or loss. Provides for indexing the limitation on capital losses of noncorporate taxpayers. Title II: Other Tax Incentives - Reinstates a five-percent investment tax credit for property placed in service after December 31, 1992. Removes the limitation on deductions for retirement savings. Makes permanent the deduction for health insurance costs of self-employed individuals. | 2025-08-26T15:17:49Z | |
| 102-hr-6114 | 102 | hr | 6114 | Taxpayer Debt Buy-Down Act | Taxation | 1992-10-02 | 1992-10-02 | Referred to the House Committee on Ways and Means. | House | Rep. Walker, Robert S. [R-PA-16] | PA | R | W000068 | 34 | Taxpayer Debt Buy-Down Act - Amends the Internal Revenue Code to allow individuals with adjusted income tax liability to designate on their tax returns that a portion of such liability (not to exceed ten percent) be used to reduce the public debt. Establishes a Public Debt Reduction Trust Fund for the deposit of designated amounts. Makes amounts in such Trust Fund available only to pay at maturity, or to redeem or buy before maturity, any obligation of the Federal Government included in the public debt. Prohibits the reissuance of any obligation which is paid, redeemed, or bought with amounts from the Trust Fund. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to provide for the sequestration of amounts designated to the Trust Fund. Specifies accounts exempt from such sequestration. Includes aggregated amounts designated to the Trust Fund and amounts sequestered to reduce the public debt in sequestration preview and final reports. | 2025-08-26T15:16:53Z | |
| 102-hr-6080 | 102 | hr | 6080 | Employee Leasing Act of 1992 | Taxation | 1992-10-01 | 1992-10-01 | Referred to the House Committee on Ways and Means. | House | Rep. Donnelly, Brian J. [D-MA-11] | MA | D | D000416 | 1 | Employee Leasing Act of 1992 - Amends the Internal Revenue Code to provide an additional safe harbor of retirement protection for employees of leasing organizations. Specifies the circumstances under which a leasing organization is treated as the sole employer of a leased employee. Provides that if a recipient utilizes a leased employee of an organization that maintains a retirement plan with a funding deficiency, then the recipient is treated as the employer for retirement purposes. Directs the Secretary of the Treasury to prescribe regulations to ensure prompt reporting and deposits of withholding and payroll taxes by qualified leasing organizations, including procedures for registering such organizations. | 2025-08-26T15:13:34Z | |
| 102-hr-6088 | 102 | hr | 6088 | Senior Citizen Capital Gain Rate Reduction Act of 1992 | Taxation | 1992-10-01 | 1992-10-01 | Referred to the House Committee on Ways and Means. | House | Rep. Myers, John T. [R-IN-7] | IN | R | M001130 | 0 | Senior Citizen Capital Gain Rate Reduction Act of 1992 - Amends the Internal Revenue Code to reduce the individual capital gains rate for the sale of retirement assets by a taxpayer who has attained the age of 60 or older. Reduces the alternative minimum tax rate on capital gains for such taxpayers. Provides for indexing the such retirement assets held for more than five years before their disposition for purposes of determining gain or loss. Declares that the deduction for depreciation, depletion, and amortization shall be determined without regard to the indexed basis. Provides for determining the indexed amount based upon the gross national product deflator. Provides for indexing the limitation on capital losses of such taxpayers. Makes this Act generally applicable to sales or exchanges occurring after March 7, 1991. | 2025-08-26T15:14:15Z | |
| 102-s-3278 | 102 | s | 3278 | A bill to amend the Internal Revenue Code to exempt companies from the railroad retirement and unemployment taxes. | Taxation | 1992-09-26 | 1992-09-26 | Read twice and referred to the Committee on Finance. | Senate | Sen. Baucus, Max [D-MT] | MT | D | B000243 | 1 | Amends the Internal Revenue Code and the Railroad Retirement Act of 1974 to exempt as an employer any person engaged in locomotive and freight car repair services and activities from the railroad retirement tax, but only if such person was so engaged before July 1, 1988, is not subject to the direct jurisdiction of the Interstate Commerce Commission, and is not (and never was) a division or part of a carrier with which such person is currently affiliated. Amends the Railroad Unemployment Insurance Act to exempt such employers from the railroad unemployment tax. | 2025-01-14T18:59:41Z | |
| 102-hr-6045 | 102 | hr | 6045 | To amend the Internal Revenue Code of 1986 to allow physicians a deduction for medical services provided to individuals who have no health plan coverage. | Taxation | 1992-09-25 | 1992-09-25 | Referred to the House Committee on Ways and Means. | House | Rep. Traficant, James A., Jr. [D-OH-17] | OH | D | T000350 | 0 | Amends the Internal Revenue Code to allow medical doctors an itemized deduction for the value of medical services provided: (1) without charge to an individual who is not covered by a health plan; and (2) without compensation pursuant to participation in a qualified health care organization. Provides that such deduction is not subject to the two-percent floor on miscellaneous itemized deductions. | 2024-02-07T16:32:33Z | |
| 102-hr-6024 | 102 | hr | 6024 | To amend the Internal Revenue Code of 1986 to provide that the graduated corporate tax rates shall apply in determining the tax imposed on certain campaign committees. | Taxation | 1992-09-24 | 1992-09-24 | Referred to the House Committee on Ways and Means. | House | Rep. Livingston, Bob [R-LA-1] | LA | R | L000371 | 0 | Amends the Internal Revenue Code to provide that graduated corporate tax rates apply in determining the tax imposed on the principal campaign committee of a candidate for Federal, State, or local elective office. (Currently, such tax is only imposed on such committees of candidates for congressional offices.) | 2024-02-07T16:32:33Z | |
| 102-hr-6002 | 102 | hr | 6002 | To treat health professionals who are faculty members at a dental school and who operate an intramural dental faculty practice plan at such school as paid by a common paymaster for purposes of social security taxes. | Taxation | 1992-09-23 | 1992-09-28 | Referred to the Subcommittee on Social Security. | House | Rep. Chandler, Rod D. [R-WA-8] | WA | R | C000293 | 1 | Amends the Social Security Amendments of 1983 to treat as paid by a common paymaster for purposes of social security taxes any health professionals who: (1) are faculty members at a dental school; and (2) operate an intramural dental faculty practice plan at such school. | 2024-02-07T16:32:33Z | |
| 102-hr-6003 | 102 | hr | 6003 | Family Leave Tax Credit Act of 1992 | Taxation | 1992-09-23 | 1992-09-23 | Referred to the House Committee on Ways and Means. | House | Rep. Goodling, William F. [R-PA-19] | PA | R | G000291 | 25 | Family Leave Tax Credit Act of 1992 - Amends the Internal Revenue Code to allow an employer an income tax credit for 20 percent of qualified employee compensation with respect to an employee who is on family leave. Defines family leave as leave in connection with the birth of a child, the placement of a child with the employee for adoption or foster care, the care of a child, spouse, or parent with a serious health condition, or the treatment of a serious health condition which makes the employee unable to perform the functions of his or her position. Limits such credit to employers with 500 or fewer employees, the amount of qualified compensation, and the maximum period for the use of such leave. | 2025-08-26T15:14:48Z | |
| 102-hr-6009 | 102 | hr | 6009 | Voluntary Debt Reduction Check-Off Act of 1992 | Taxation | 1992-09-23 | 1992-09-23 | Referred to the House Committee on Ways and Means. | House | Rep. Vento, Bruce F. [D-MN-4] | MN | D | V000087 | 0 | Voluntary Debt Reduction Check-Off Act of 1992 - Amends the Internal Revenue Code to allow individual taxpayers to designate a portion of any tax overpayment (not less that ten dollars) and to make cash contributions with their tax returns to reduce the public debt. Reduces such designation by the amount designated to the Presidential Election Campaign Fund. | 2025-08-26T15:14:23Z | |
| 102-s-3265 | 102 | s | 3265 | Family Leave Tax Credit Act of 1992 | Taxation | 1992-09-23 | 1992-09-23 | Read twice and referred to the Committee on Finance. | Senate | Sen. Craig, Larry E. [R-ID] | ID | R | C000858 | 15 | Family Leave Tax Credit Act of 1992 - Amends the Internal Revenue Code to allow an employer an income tax credit for 20 percent of qualified employee compensation with respect to an employee who is on family leave. Defines family leave as leave in connection with the birth of a child, the placement of a child with the employee for adoption or foster care, the care of a child, spouse, or parent with a serious health condition, or the treatment of a serious health condition which makes the employee unable to perform the functions of his or her position. Limits such credit to employers with 500 or fewer employees, the amount of qualified compensation, and the maximum period for the use of such leave. | 2025-08-26T15:13:40Z | |
| 102-s-3252 | 102 | s | 3252 | A bill relating to the collection of delinquent child support payments. | Taxation | 1992-09-18 | 1992-09-18 | Read twice and referred to the Committee on Finance. | Senate | Sen. Seymour, John [R-CA] | CA | R | S000269 | 0 | Amends the Internal Revenue Code to allow as an income tax credit for a custodial parent the amount of any child support payments that remain unpaid to such parent as of the close of the taxable year. Increases the tax liability of individuals failing to make child support payments by 125 percent of any taxable unpaid child support payments of a taxpayer. Reduces the tax liability of such individuals if payments are subsequently made. | 2025-01-14T18:59:41Z | |
| 102-hr-5963 | 102 | hr | 5963 | To amend the Internal Revenue Code of 1986 to allow individuals to designate all or any portion of their income tax refund to reduce the public debt. | Taxation | 1992-09-17 | 1992-09-17 | Referred to the House Committee on Ways and Means. | House | Rep. Bereuter, Doug [R-NE-1] | NE | R | B000403 | 0 | Amends the Internal Revenue Code to allow individual taxpayers to designate a portion of any tax overpayment (not less than one dollar) to reduce the public debt. Reduces such designation by the amount designated to the Presidential Election Campaign Fund. | 2024-02-07T16:32:33Z | |
| 102-hr-5942 | 102 | hr | 5942 | To amend the Internal Revenue Code of 1986 to permit certain volunteer fire departments to issue tax-exempt bonds for purposes of acquiring ambulances or other emergency response vehicles. | Taxation | 1992-09-15 | 1992-09-15 | Referred to the House Committee on Ways and Means. | House | Rep. Jacobs, Andrew, Jr. [D-IN-10] | IN | D | J000033 | 0 | Amends the Internal Revenue Code to permit the issuance of tax-exempt bonds by volunteer fire departments to acquire ambulances or other emergency response vehicles. | 2024-02-07T16:32:33Z | |
| 102-hr-5943 | 102 | hr | 5943 | To amend the Internal Revenue Code of 1986 to encourage employers to provide drug and alcohol abuse treatment programs to their employees by providing a credit for the cost of such programs. | Taxation | 1992-09-15 | 1992-09-15 | Referred to the House Committee on Ways and Means. | House | Rep. Jones, Ben [D-GA-4] | GA | D | J000211 | 0 | Amends the Internal Revenue Code to allow employers a general business credit for 100 percent of the expenses incurred to provide (directly or through insurance) treatment services to employees under a drug and alcohol abuse treatment plan of the employer. Sets forth qualifications for such plan. Requires treatment services to include: crisis intervention, detoxification services, residential and outpatient rehabilitation services, therapeutic community services, pharmacotherapeutic intervention services, family outpatient services, and halfway house care. Denies any deduction for expenses taken into account under such credit. | 2024-02-07T16:32:33Z | |
| 102-hr-5927 | 102 | hr | 5927 | To amend the Internal Revenue Code of 1986 to allow accelerated depreciation for equipment used to manufacture advanced materials or to develop advanced technologies, to reduce capital gains taxes, and to impose a minimum tax on foreign and foreign-owned corporations operating in the United States. | Taxation | 1992-09-10 | 1992-09-10 | Referred to the House Committee on Ways and Means. | House | Rep. Hunter, Duncan [R-CA-45] | CA | R | H000981 | 9 | Amends the Internal Revenue Code to allow a three-year depreciable life for semiconductor manufacturing equipment and equipment used to manufacture advanced materials or to develop advanced technologies. Reduces the individual and corporate capital gains rates and the minimum tax rate on capital gains. Imposes a minimum tax on domestic corporations which are 25-percent foreign-owned and foreign corporations engaged in a trade or business within the United States. | 2024-02-07T16:32:33Z | |
| 102-s-3225 | 102 | s | 3225 | A bill to amend the Internal Revenue Code of 1986 to increase the amount of depreciable business assets which may be expensed. | Taxation | 1992-09-10 | 1992-09-10 | Read twice and referred to the Committee on Finance. | Senate | Sen. Nickles, Don [R-OK] | OK | R | N000102 | 0 | Amends the Internal Revenue Code to increase the amount of depreciable business assets which may be expensed. | 2025-01-14T18:59:41Z | |
| 102-sres-339 | 102 | sres | 339 | A resolution to express the sense of the Senate that the Congress should act to retroactively repeal the 10 percent "luxury" excise tax on recreational boats. | Taxation | 1992-09-10 | 1992-09-10 | Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Voice Vote. | Senate | Sen. Chafee, John H. [R-RI] | RI | R | C000269 | 7 | Expresses the sense of the Senate that: (1) the Federal excise tax on boats should be repealed this year; (2) consideration of such repeal should not be contingent on the passage of any other tax legislation this year; and (3) the repeal should be effective as of January 1, 1992. | 2021-06-02T15:14:55Z | |
| 102-hr-5847 | 102 | hr | 5847 | To amend the Internal Revenue Code of 1986 to clarify the exemption for student nurses from Social Security and unemployment taxes. | Taxation | 1992-08-12 | 1992-09-08 | Referred to the Subcommittee on Social Security. | House | Rep. Downey, Thomas J. [D-NY-2] | NY | D | D000471 | 0 | Amends the Internal Revenue Code and the Social Security Act to revise the exemption for student nurses from employment taxes. Allows such exemption if: (1) the student is enrolled and is regularly attending classes in a nurses' training school; (2) the service performed by a nursing student is substantially less than full-time; (3) the total amount of annual earnings is less than 50 percent of the average annual earnings of a full-time registered nurse; and (4) the service fullfills a mandatory requirement of the employee's nurses' training school, qualifies the employee for credit toward a nursing degree or nursing certificate, or falls within the class of services typically performed by nurses in the course of their duties or by nursing students in a clinical work training program. | 2024-02-07T16:32:33Z | |
| 102-hr-5896 | 102 | hr | 5896 | To reduce the Harbor Maintenance Tax, amend its applicability and enhance its enforcement. | Taxation | 1992-08-12 | 1992-08-24 | Referred to the Subcommittee on Water Resources. | House | Rep. Studds, Gerry E. [D-MA-10] | MA | D | S001040 | 2 | Amends the Internal Revenue Code to reduce the harbor maintenance tax. Prohibits such tax from being imposed more than once per cargo movement under the same bill of lading, regardless of how many times a cargo is loaded or unloaded under the same bill of lading. Authorizes the expenditure of funds in the Harbor Maintenance Trust Fund for the payment of administrative expenses incurred by the Department of the Army and the Department of Commerce in administering such tax. Authorizes appropriations to the Department of the Treasury from such collected tax for enforcement activities to ensure that the tax is collected in all instances in which it is due. | 2024-02-07T16:32:33Z | |
| 102-s-3215 | 102 | s | 3215 | Minority Enterprise Development Act of 1992 | Taxation | 1992-08-12 | 1992-08-12 | Read twice and referred to the Committee on Finance. | Senate | Sen. Kasten, Robert W., Jr. [R-WI] | WI | R | K000019 | 2 | Minority Enterprise Development Act of 1992 - Amends the Internal Revenue Code to allow a deduction for investment in qualified minority fund interests. Limits such deduction to $300,000 ($150,000 in the case of a married individual filing separately). Allows a deduction for investment in the stock of small minority business corporations, up to certain limits. Allows a taxpayer to elect, in lieu of such deduction, to take a credit of: (1) 15 percent of the aggregate bases of qualified minority fund interests; or (2) ten percent of the aggregate bases of small minority business stock. Limits the amount of such credit. Provides carryover provisions for the deduction and the credit. Provides for recapture of such deductions in computing bases for capital gains purposes. Requires an interest charge on the disposition within three years of any property whose bases have been reduced by such a deduction. Excludes from gross income 50 percent of any gain on the sale or exchange of any property by a qualified minority fund if such property was held for at least three years. Defers qualified reinvested capital gain, in the case of an individual, for up to the ninth year after the sale or exchange. Places a dollar limitation on such amount. Makes ineligible for such deferral married individuals who do not file joint returns and estates or trusts. Terminates such deferral if qualified property is disposed of before five years after its purchase. | 2025-08-26T15:17:48Z | |
| 102-hr-5817 | 102 | hr | 5817 | To amend the Internal Revenue Code of 1986 to provide that certain deductions of school bus drivers shall be allowable in computing adjusted gross income. | Taxation | 1992-08-11 | 1992-08-11 | Referred to the House Committee on Ways and Means. | House | Rep. Holloway, Clyde [R-LA-8] | LA | R | H000729 | 0 | Amends the Internal Revenue Code to allow the deduction of certain expenses of school bus drivers in computing their adjusted gross income. | 2024-02-07T16:32:33Z | |
| 102-s-3156 | 102 | s | 3156 | Turbo Enterprise Zone Act | Taxation | 1992-08-07 | 1992-08-07 | Read twice and referred to the Committee on Finance. | Senate | Sen. Seymour, John [R-CA] | CA | R | S000269 | 0 | Turbo Enterprise Zone Act - Provides for the waiver of Federal income, employment, self-employment, and excise taxes and State, county, and local jurisdiction taxes in Los Angeles turbo enterprise zones during a five-year period. Describes such zones as any area in the County of Los Angeles designated as being: (1) significantly and adversely affected by the rioting which occurred on or about May 1, 1992; (2) afflicted with unemployment estimated to exceed 30 percent; (3) subject to severe economic blight as measured by per capita income and the number of persons below the Federal poverty level; and (4) nonproductive of material tax revenues to the city, county, State, or Federal governments. Provides for an extension of such period if necessary. Limits any extension to six years. Authorizes other geographic areas to apply for such five-year waiver. Suspends the treatment of any deduction, credit, or capital loss carryover during such period. | 2025-08-26T15:16:55Z | |
| 102-s-3158 | 102 | s | 3158 | A bill to amend the Internal Revenue Code of 1986 to allow individuals to designate that up to 10 percent of their income tax liability be used to reduce the national debt, and to require spending reductions equal to the amounts so designated. | Taxation | 1992-08-07 | 1992-08-07 | Read twice and referred to the Committee on Finance. | Senate | Sen. Smith, Bob [R-NH] | NH | R | S000606 | 3 | Amends the Internal Revenue Code to allow all individuals with adjusted income tax liability to designate on their tax returns that a portion of such liability (not to exceed ten percent) be used to reduce the public debt. Establishes a Public Debt Reduction Trust Fund for the deposit of designated amounts. Makes amounts in such Trust Fund available only to pay at maturity, or to redeem or buy before maturity, any obligation of the Federal Government included in the public debt. Prohibits the reissuance of any obligation which is paid, redeemed, or bought with amounts from the Trust Fund. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to provide for the sequestration of amounts designated to the Trust Fund. Specifies accounts exempt from such sequestration. Includes aggregated amounts desgnated to the Trust Fund and amounts sequestered to reduce the public debt in sequestration preview and final reports. | 2025-01-03T20:55:56Z | |
| 102-hr-5790 | 102 | hr | 5790 | To repeal the mandatory 20 percent income tax withholding on eligible rollover distributions which are not rolled over. | Taxation | 1992-08-06 | 1992-08-06 | Referred to the House Committee on Ways and Means. | House | Rep. Darden, George (Buddy) [D-GA-7] | GA | D | D000051 | 15 | Repeals provisions of the Unemployment Compensation Amendments of 1992 which require 20 percent income tax withholding on eligible rollover distributions of pension plans which are not rolled over into eligible retirement plans. Requires the Internal Revenue Code to be applied as if such provisions had never been enacted. | 2024-02-07T16:32:33Z | |
| 102-hr-5793 | 102 | hr | 5793 | To amend the Internal Revenue Code of 1986 with respect to the treatment of certain areas in applying the purchase price requirements applicable to mortgage revenue bonds. | Taxation | 1992-08-06 | 1992-08-06 | Referred to the House Committee on Ways and Means. | House | Rep. Lowey, Nita M. [D-NY-20] | NY | D | L000480 | 0 | Amends the Internal Revenue Code to require modification of the purchase price limits under the mortgage revenue bond program to reflect housing costs in Westchester County, New York. | 2024-02-07T16:32:33Z | |
| 102-hr-5776 | 102 | hr | 5776 | To amend the Internal Revenue Code of 1986 to permit the issuance of tax-exempt bonds by certain organizations providing rescue and emergency medical services. | Taxation | 1992-08-05 | 1992-08-05 | Referred to the House Committee on Ways and Means. | House | Rep. Lancaster, H. Martin [D-NC-3] | NC | D | L000045 | 11 | Amends the Internal Revenue Code to permit the issuance of tax-exempt bonds by organizations which provide rescue or emergency medical services. | 2024-02-07T16:32:33Z | |
| 102-hr-5765 | 102 | hr | 5765 | To amend the Internal Revenue Code of 1986 to exempt from the tax on generation-skipping transfers certain transfers to grandchildren of siblings of the transferor. | Taxation | 1992-08-04 | 1992-08-04 | Referred to the House Committee on Ways and Means. | House | Rep. Ireland, Andrew P. [R-FL-10] | FL | R | I000029 | 0 | Amends the Internal Revenue Code to exempt from the estate tax on generation-skipping transfers certain transfers to grandchildren of deceased siblings of the transferor. | 2024-02-07T16:32:33Z | |
| 102-hr-5773 | 102 | hr | 5773 | To amend the Internal Revenue Code of 1986 to allow individuals to designate that up to 10 percent of their income tax liability be used to reduce the national debt, and to require spending reductions equal to the amounts so designated. | Taxation | 1992-08-04 | 1992-08-11 | Referred to the Subcommittee on Legislation and National Security. | House | Rep. Walker, Robert S. [R-PA-16] | PA | R | W000068 | 28 | Amends the Internal Revenue Code to allow all individuals with adjusted income tax liability to designate on their tax returns that a portion of such liability (not to exceed ten percent) be used to reduce the public debt. Establishes a Public Debt Reduction Trust Fund for the deposit of designated amounts. Makes amounts in such Trust Fund available only to pay at maturity, or to redeem or buy before maturity, any obligation of the Federal Government included in the public debt. Prohibits the reissuance of any obligation which is paid, redeemed, or bought with amounts from the Trust Fund. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to provide for the sequestration of amounts designated to the Trust Fund. Specifies accounts exempt from such sequestration. Includes aggregated amounts designated to the Trust Fund and amounts sequestered to reduce the public debt in sequestration preview and final reports. | 2025-02-04T16:54:13Z | |
| 102-s-3123 | 102 | s | 3123 | A bill to amend the Internal Revenue Code of 1986 to modify the involuntary conversion rules for certain disaster-related conversions. | Taxation | 1992-08-03 | 1992-08-03 | Read twice and referred to the Committee on Finance. | Senate | Sen. Seymour, John [R-CA] | CA | R | S000269 | 2 | Amends the Internal Revenue Code to provide special rules with respect to the nonrecognition of gain for principal residences compulsorily or involuntarily converted as a result of a presidentially-declared disaster. Requires the nonrecognition of gain of insurance proceeds for the contents of such residences. Allows insurance proceeds from personal property and real property to be lumped together into one common fund. Extends the time to replace a principal residence from two years to four years. | 2025-01-03T20:55:56Z | |
| 102-hr-5731 | 102 | hr | 5731 | Interstate Taxation Commission Act | Taxation | 1992-07-31 | 1992-08-05 | Referred to the Subcommittee on International Law, Immigration, and Refugees. | House | Rep. Guarini, Frank J. [D-NJ-14] | NJ | D | G000511 | 8 | Interstate Taxation Commission Act - Establishes the Interstate Taxation Commission to conduct a full and complete study and evaluation of proposed commuter taxes in the tristate area of Connecticut, New Jersey, and New York, or their political subdivisions. Terminates such Commission on September 30, 1995. Authorizes appropriations as necessary for FY 1992 through 1994. | 2025-08-26T15:15:28Z | |
| 102-hr-5734 | 102 | hr | 5734 | Health Care Savings Account Act of 1992 | Taxation | 1992-07-31 | 1992-09-08 | Referred to the Subcommittee on Health. | House | Rep. McCandless, Alfred A. (Al) [R-CA-37] | CA | R | M000306 | 0 | Health Care Savings Account Act of 1991 - Amends the Internal Revenue Code to allow employees and employers, including self-employed individuals, a 60 percent tax credit for contributions to a health care savings account for the benefit of the employee or self-employed individual. Limits total contributions to an account to the aggregate amount of hospital insurance tax paid with respect to the account beneficiary. Describes conditions that must be met by the account. Excludes from the gross income of the beneficiary any account contributions made by an employer. Exempts an account from taxation (except for the tax on unrelated business income of a charitable organization) unless the distributee engages in specified transactions in connection with it. Excludes from gross income any account distributions used to pay the eligible medical expenses of the beneficiary or qualifying spouse. Imposes a ten percent surtax on account distributions used for other than health care purposes or made before the distributee is aged 65 or older. Imposes penalty taxes in connection with: (1) excess contributions or prohibited transactions associated with an account; (2) distributions from an account that reduce a distributee's account level below a specified amount; and (3) failure to effect spousal rollover of an account upon the spouse's death. Imposes penalties for failure to make required reports concerning an account. Amends title XVIII (Medicare) of the Social Security Act to reduce the Medicare benefits of a health care savings account beneficiary by 60 percent of the maximum amount of Medicare-related expenditures that could be reasonably underwritten (by an insurance company) for the average Medicare beneficiary, given certain assumptions. Establishes special rules for individuals who cannot obtain insurance to cover their added deductible at the standard premium rates. Directs the Secretary of Health and Human Services to establish rules in connection with recalculations of deductibles when a qualifying spouse become… | 2025-08-26T15:18:07Z | |
| 102-hr-5745 | 102 | hr | 5745 | To repeal the provisions of the Unemployment Compensation Amendments of 1992 which provide for optional trustee-to-trustee transfers of eligible rollover distributions and impose a withholding tax on distributions not so transferred. | Taxation | 1992-07-31 | 1992-07-31 | Referred to the House Committee on Ways and Means. | House | Rep. Meyers, Jan [R-KS-3] | KS | R | M000684 | 55 | Repeals specified portions of the Unemployment Compensation Amendments of 1992 (Public Law 102-318) which: (1) provide for optional trustee-to-trustee transfers of eligible rollover distributions; and (2) impose a withholding tax on distributions not so transferred. Requires the Internal Revenue Code to be applied and administered as if such provisions (and the amendments made by such provisions) had not been enacted. | 2024-02-07T16:32:33Z | |
| 102-hr-5721 | 102 | hr | 5721 | To amend the Internal Revenue Code of 1986 to allow accelerated depreciation for equipment used to manufacture advanced materials or to develop advanced technologies and to impose a minimum tax on foreign and foreign-owned corporations operating in the United States. | Taxation | 1992-07-30 | 1992-07-30 | Referred to the House Committee on Ways and Means. | House | Rep. Hunter, Duncan [R-CA-45] | CA | R | H000981 | 0 | Amends the Internal Revenue Code to allow a three-year depreciable life for semiconductor manufacturing equipment and equipment used to manufacture advanced materials or to develop advanced technologies. Imposes a minimum tax on domestic corporations which are 25-percent foreign-owned and foreign corporations engaged in a trade or business within the United States. | 2024-02-07T16:32:33Z | |
| 102-hr-5722 | 102 | hr | 5722 | To amend the Internal Revenue Code of 1986 to encourage the removal of older, polluting passenger automobiles from use by providing a tax credit for removing such automobiles, and for other purposes. | Taxation | 1992-07-30 | 1992-07-30 | Referred to the House Committee on Ways and Means. | House | Rep. Owens, Wayne [D-UT-2] | UT | D | O000156 | 0 | Amends the Internal Revenue Code to allow a credit of $100 for each qualified older automobile of a taxpayer permanently removed from use pursuant to a program of the Environmental Protection Agency (EPA). Requires the Administrator of EPA to establish and implement such a program to encourage the permanent removal from use of automobiles older than model year 1980. Imposes an excise tax on chlorodifluoromethane (HCFC-22) as an ozone-depleting chemical. | 2024-02-07T16:32:33Z | |
| 102-s-3102 | 102 | s | 3102 | A bill to amend the Internal Revenue Code of 1986 to limit the interest deduction allowed corporations and to allow a deduction for dividends paid by corporations. | Taxation | 1992-07-30 | 1992-07-30 | Read twice and referred to the Committee on Finance. | Senate | Sen. Simon, Paul [D-IL] | IL | D | S000423 | 0 | Amends the Internal Revenue Code to reduce the deduction for corporate interest payments by 20 percent. Excepts small corporations and farming businesses from such reduction. Allows corporations a deduction of 50 percent of the dividends paid during a taxable year. Limits such deduction to the amount in the qualified dividend account established by the corporation for the payment of such dividends. Prohibits the following corporations from using such deduction: (1) regulated investment companies; (2) real estate investment trusts; (3) an S corporation (certain small business corporations); (4) cooperative organizations; and (5) foreign sales corporations (FSC) and domestic international sales corporations (DISC). Provides for an increase in the withholding tax on dividends paid to nonresident aliens or foreign corporations to reflect the dividend paid deduction. Requires, in the case of the acquisition of assets of a corporation by another corporation, that the acquiring corporation carryover the qualified dividend account. | 2025-01-03T20:55:56Z | |
| 102-hr-5706 | 102 | hr | 5706 | To amend the Internal Revenue Code of 1986 to restore fair limits on pension benefits for working Americans covered by collectively bargained, labor-management retirement plans. | Taxation | 1992-07-28 | 1992-07-28 | Referred to the House Committee on Ways and Means. | House | Rep. McDermott, Jim [D-WA-7] | WA | D | M000404 | 1 | Amends the Internal Revenue Code to apply early retirement rules to multiemployer plans in the same manner as plans maintained by government and tax-exempt organizations. Limits compensation under such plans for purposes of benefit payments. | 2024-02-07T16:32:33Z | |
| 102-s-3085 | 102 | s | 3085 | A bill to amend the Internal Revenue Code of 1986 to provide that amounts in individual retirement plans not be counted in determining eligibility for aid to families with dependent children, to allow withdrawls from such plans to pay for higher education expenses, and for other purposes. | Taxation | 1992-07-28 | 1992-07-28 | Read twice and referred to the Committee on Finance. | Senate | Sen. Roth Jr., William V. [R-DE] | DE | R | R000460 | 1 | Amends the Social Security Act to disregard amounts in the individual retirement plan of an individual receiving Aid to Families with Dependent Children payments as a resource or income for purposes of eligibility for such payments. Amends the Internal Revenue Code to allow penalty-free distributions from an individual retirement plan, or from amounts attributable to employer contributions made pursuant to elective deferrals, to the extent such distributions do not exceed qualified higher education expenses of the taxpayer, the taxpayer's spouse, or the taxpayer's child or grandchild. | 2025-01-03T20:55:56Z | |
| 102-s-3080 | 102 | s | 3080 | Discharge of Indebtedness Reform Act of 1992 | Taxation | 1992-07-27 | 1992-07-27 | Read twice and referred to the Committee on Finance. | Senate | Sen. Pryor, David H. [D-AR] | AR | D | P000556 | 2 | Discharge of Indebtedness Reform Act of 1992 - Amends the Internal Revenue Code to restore the exclusion from gross income of income from the discharge of qualified real property business indebtedness. | 2025-08-26T15:14:29Z | |
| 102-s-3082 | 102 | s | 3082 | A bill to amend the Internal Revenue Code of 1986 to allow a waiver of the 3-year limitation on claiming a credit or refund. | Taxation | 1992-07-27 | 1992-07-27 | Read twice and referred to the Committee on Finance. | Senate | Sen. Simpson, Alan K. [R-WY] | WY | R | S000429 | 0 | Amends the Internal Revenue Code to authorize the Secretary of the Treasury to waive the three-year limitation on claiming a credit or refund upon a showing of good cause and reasonable diligence by the taxpayer. | 2025-01-03T20:55:56Z | |
| 102-hr-5674 | 102 | hr | 5674 | To clarify the tax treatment of intermodal containers, to revise the tax treatment of small property and casualty insurance companies, and for other purposes. | Taxation | 1992-07-23 | 1992-08-05 | Received in the Senate and read twice and referred to the Committee on Finance. | House | Rep. Vander Jagt, Guy [R-MI-9] | MI | R | V000027 | 1 | Title I: Tax Treatment of Certain Cargo Containers - Amends the Internal Revenue Code to provide for the treatment of qualified intermodal cargo containers for purposes of the investment tax credit. Title II: Other Provisions - Allows a small insurance company deduction of the tentative taxable income of certain companies involved with property or casualty insurance. Allows penalty-free withdrawals from annuity contracts to pay qualified higher education expenses of the taxpayer, the taxpayer's spouse, or a child or grandchild of such taxpayer. Excludes premiums paid under designated higher education expense annuities from treatment under gift tax provisions. Repeals the stock for debt exception in de minimis cases. | 2025-01-03T20:55:56Z | |
| 102-hr-5675 | 102 | hr | 5675 | To amend the Internal Revenue Code of 1986 to permit regulations waiving yield restrictions on tax-exempt bond arbitrage if the arbitrage rebate requirements are met. | Taxation | 1992-07-23 | 1992-07-27 | Placed on the Union Calendar, Calendar No. 427. | House | Rep. Anthony, Beryl, Jr. [D-AR-4] | AR | D | A000213 | 0 | Amends the Internal Revenue Code to permit regulations waiving yield restrictions on tax-exempt bond arbitrage if certain arbitrage rebate requirements are met. | 2024-02-07T16:32:33Z | |
| 102-s-3027 | 102 | s | 3027 | Working Families Tax Relief Act | Taxation | 1992-07-23 | 1992-07-23 | Read twice and referred to the Committee on Finance. | Senate | Sen. Akaka, Daniel K. [D-HI] | HI | D | A000069 | 1 | Working Families Tax Relief Act - Amends the Internal Revenue Code to provide an inflation adjustment for the dollar limitations on the tax credit for expenses for household and dependent care services necessary for gainful employment (the dependent care credit). Bases such cost-of-living adjustment on the consumer price index for calendar year 1991 instead of calendar year 1989. | 2025-08-26T15:13:37Z | |
| 102-hr-5636 | 102 | hr | 5636 | To amend the Internal Revenue Code of 1986 to ensure that charitable beneficiaries of charitable remainder trusts are aware of their interests in such trusts. | Taxation | 1992-07-22 | 1992-10-05 | See H.R.11. | House | Rep. Gibbons, Sam [D-FL-7] | FL | D | G000153 | 0 | Amends the Internal Revenue Code to establish requirements for notifying charitable beneficiaries of charitable remainder trusts of their interests in such trusts, including copies of estate tax return filings on which a charitable deduction is claimed. Requires each charitable remainder trust, contributions to which were deductible for Federal income, estate or gift tax purposes, to file an annual information return on its financial condition, transactions, fiduciaries, beneficiaries, and other information necessary to inform the Internal Revenue Service, beneficiaries, and the public adequately of its affairs. Requires beneficiaries to reimburse fiduciaries for the reasonable costs of providing subsequent notices if the fiduciaries have complied with notification requirements under this Act. | 2025-01-03T20:55:56Z | |
| 102-hr-5637 | 102 | hr | 5637 | To amend the Internal Revenue Code of 1986 to clarify the treatment of certain buildings under the rehabilitation credit, and for other purposes. | Taxation | 1992-07-22 | 1992-10-05 | See H.R.11. | House | Rep. Pickle, J. J. [D-TX-10] | TX | D | P000328 | 0 | Declares that a building shall not be treated as being ineligible for the rehabilitation credit by reason of being relocated if the rehabilitation at the relocated site began before the date of a specified Treasury Regulation. Increases the size of loans permitted under certain bond-financed programs concerning loans to veterans to purchase land. Provides that a taxpayer shall not be treated as meeting the substantiation requirements imposed on business meal and entertainment expenses unless the amount of the expense is shown on a receipt which is prepared by the provider of such services and which is provided at the time of the expense (or within a reasonable period of time thereafter). | 2025-01-03T20:55:56Z | |
| 102-hr-5638 | 102 | hr | 5638 | Home Sale Tax Fairness Act of 1992 | Taxation | 1992-07-22 | 1992-10-05 | See H.R.11. | House | Rep. Archer, Bill [R-TX-7] | TX | R | A000215 | 0 | Home Sale Tax Fairness Act of 1992 - Amends the Internal Revenue Code to require gain recognized on the sale or exchange after December 31, 1993, of a principal residence to be reduced by the aggregate losses sustained on the sale or exchange after the date of enactment of this Act of prior principal residences of such individual which were not allowed as a deduction and which were not previously taken into account. Requires brokers to include in their real estate transaction reports information on the portion of any real property tax which is treated as a tax imposed on the purchaser by reason of rules governing the apportionment of taxes on real property between the seller and purchaser. | 2025-08-26T15:14:48Z | |
| 102-hr-5639 | 102 | hr | 5639 | To permit tax-exempt bonds to be issued to finance office buildings for the United Nations. | Taxation | 1992-07-22 | 1992-10-05 | See H.R.11. | House | Rep. Rangel, Charles B. [D-NY-16] | NY | D | R000053 | 0 | Amends the Internal Revenue Code to permit tax-exempt facility bonds to be issued to finance office buildings for the United Nations. Provides that the prohibition on acquiring existing property does not apply to such bonds. | 2025-01-03T20:55:56Z | |
| 102-hr-5640 | 102 | hr | 5640 | To amend the Internal Revenue Code of 1986 to modify the involuntary conversion rules for certain disaster-related conversions. | Taxation | 1992-07-22 | 1992-10-05 | See H.R.11. | House | Rep. Stark, Fortney Pete [D-CA-9] | CA | D | S000810 | 0 | Amends the Internal Revenue Code to provide special rules with respect to the nonrecognition of gain for principal residences compulsorily or involuntarily converted as a result of a presidentially-declared disaster. Requires the nonrecognition of gain of insurance proceeds for the contents of such residences. Allows insurance proceeds from personal property and real property to be lumped together into one common fund. Extends the time to replace a principal residence from two years to four years. | 2025-01-03T20:55:56Z | |
| 102-hr-5641 | 102 | hr | 5641 | To amend the Internal Revenue Code of 1986 with respect to the treatment of certain nonprofit organizations providing health benefits, and for other purposes. | Taxation | 1992-07-22 | 1992-10-05 | See H.R.11. | House | Rep. McGrath, Raymond J. [R-NY-5] | NY | R | M000458 | 0 | Amends the Internal Revenue Code to provide that the special deduction and rules extended to certain existing Blue Cross or Blue Shield organizations shall be extended to an organization that is not a health maintenance organization and is organized under and governed by State laws which are specifically and exclusively applicable to not-for-profit health insurance or health service type organizations. Provides that the limitation on deductions for certain dividends paid on employer securities held in an employee stock ownership plan does not apply to employer securities acquired with assets transferred from a defined benefit plan through an employer reversion transaction. Declares that the characterization (at the time of issuance) of a corporate interest as stock or debt by the corporate issuer is binding on the issuer and on all holders (but not binding on the Secretary of the Treasury). Requires holders who treat such interest in an inconsistent manner to disclose such inconsistent treatment on the first tax return for the first year during which such instrument was held. | 2025-01-03T20:55:56Z | |
| 102-hr-5642 | 102 | hr | 5642 | To amend the Internal Revenue Code of 1986 with respect to the treatment of certain property and casualty insurance companies under the minimum tax, and for other purposes. | Taxation | 1992-07-22 | 1992-10-05 | See H.R.11. | House | Rep. Jacobs, Andrew, Jr. [D-IN-10] | IN | D | J000033 | 1 | Amends the Internal Revenue Code to allow certain small property and casualty insurance companies to determine alternative minimum taxable income and adjusted net book income without regard to underwriting income and expense. Increases the withholding rate on supplemental wage payments to 24 percent if an employer elects to determine such amounts under a specified Treasury regulation (otherwise such withholding rate is 20 percent). Provides for the taxation of the income from the merger of Federal land bank associations and farm credit associations, except for income, gain, loss, or deduction properly allocable to loans made by the Federal land bank associations that have an initial term of at least ten years. | 2025-01-03T20:55:56Z | |
| 102-hr-5643 | 102 | hr | 5643 | Customs Modernization and Informed Compliance Act | Taxation | 1992-07-22 | 1992-10-05 | See H.R.11. | House | Rep. Ford, Harold E. [D-TN-9] | TN | D | F000261 | 1 | Customs Modernization and Informed Compliance Act - Title I: Improvements in Customs Enforcement - Amends the Tariff Act of 1930 (the Act) to revise procedures with respect to: (1) electronic transmission of forged, altered, or false data to the United States Customs Service with regard to the entry of imported merchandise; (2) penalties for failure to declare imported controlled substances; (3) examination and detention of imported merchandise; (4) certain recordkeeping requirements; (5) examination of books and witnesses; (6) review of protests by the Customs Service; (7) a repeal of a provision relating to the reliquidation on account of fraud; (8) penalties relating to manifests, false drawback or refund claims, and for fraud, gross negligence, and negligence; (9) unlawful unloading or transshipment; (10) public access to Customs Service interpretative rulings and decisions; and (11) seizure of imported merchandise. Title II: National Customs Automation Program - Directs the Secretary of the Treasury (Secretary) to establish the National Customs Automation Program which shall be an automated and electronic system for the processing of commercial imports. Provides for electronic data transmission relating to: (1) remote location filing; (2) effective date of rates of duty on imported merchandise; (3) merchandise manifests; (4) imported merchandise invoices; (5) entry and release of imported merchandise; (6) admissibility in administrative and judicial proceedings of electronically transmitted information; (7) appraisement and liquidations of imported merchandise; (8) the payment of duties; (9) abandonment and damage to imported merchandise; (10) protests of Customs Service decisions; (11) refunds and errors; (12) bonds and other security; and (13) customs house brokers. Requires a refund (drawback) of duties (less one per cent of such duties) on articles produced in the United States with imported merchandise that have been destroyed under Customs Service supervision, provided such articles have not been us… | 2025-01-14T18:59:41Z | |
| 102-hr-5644 | 102 | hr | 5644 | To provide that certain costs of private foundations in removing hazardous substances shall be treated as qualifying distributions. | Taxation | 1992-07-22 | 1992-10-05 | See H.R.11. | House | Rep. Bunning, Jim [R-KY-4] | KY | R | B001066 | 0 | Provides for treating certain costs of a private foundation in removing hazardous substances as qualified distributions for purposes of the excise tax on the failure of such foundations to distribute income. | 2025-01-03T20:55:56Z | |
| 102-hr-5645 | 102 | hr | 5645 | To amend the Internal Revenue Code of 1986 to exclude certain sponsorship payments from the unrelated business income of tax-exempt organizations, and for other purposes. | Taxation | 1992-07-22 | 1992-10-05 | See H.R.11. | House | Rep. Jenkins, Edgar L. [D-GA-9] | GA | D | J000083 | 3 | Amends the Internal Revenue Code to declare that unrelated trade or business does not include the activity of soliciting and receiving qualified sponsorship payments (payments received by tax-exempt organizations from corporations and other sponsors in connection with certain athletic and other public events) for purposes of the tax on unrelated business income of charitable, etc., organizations. Excludes royalties received by certain tax-exempt olympic organizations for the 1996 Olympics as income from an unrelated trade or business. Includes income received by a tax-exempt organization (other than a tax-exempt credit union) from exchanging or leasing its membership list or its identifying symbol for use in connection with credit or debit cards as income derived from an unrelated trade or business. | 2025-01-03T20:55:56Z | |
| 102-hr-5646 | 102 | hr | 5646 | To amend the Internal Revenue Code of 1986 to provide for the treatment of not-for-profit residual market insurance companies under the alternative minimum tax and to repeal the taxable income limitation on the recognition of built-in gain of S corporations. | Taxation | 1992-07-22 | 1992-07-27 | Placed on the Union Calendar, Calendar No. 420. | House | Rep. Guarini, Frank J. [D-NJ-14] | NJ | D | G000511 | 0 | Amends the Internal Revenue Code to allow an insurance company to use its alternative tax net operating loss deduction to offset 100 percent (currently, 90 percent) of alternative minimum taxable income, if such insurance company is created by a State or instrumentality thereof and is operated on a not-for-profit basis exclusively to provide coverage to individuals or businesses for high-risk needs where coverage is not otherwise available or affordable. Repeals the limitation that prevents an S corporation (small business corporation) from being taxed on built-in gains resulting from conversion from a C corporation to the extent such gains exceed the taxable income of the S corporation. | 2024-02-07T16:32:33Z | |
| 102-hr-5647 | 102 | hr | 5647 | To provide that the special estate tax valuation recapture provisions shall cease to apply after 1992 in the case of property acquired from decedents dying before January 1, 1982. | Taxation | 1992-07-22 | 1992-10-05 | See H.R.11. | House | Rep. Grandy, Fred [R-IA-6] | IA | R | G000371 | 0 | Provides that the special estate tax valuation ten-year recapture rules shall cease to apply after 1992 in the case of property acquired from decedents dying before January 1, 1982. | 2025-01-03T20:55:56Z | |
| 102-hr-5648 | 102 | hr | 5648 | To amend the Internal Revenue Code of 1986 to revise the application of the wagering taxes to charitable organizations. | Taxation | 1992-07-22 | 1992-10-05 | See H.R.11. | House | Rep. Russo, Martin A. [D-IL-3] | IL | D | R000543 | 0 | Amends the Internal Revenue Code to exempt from the occupational excise tax on wagering any tax-exempt charitable organization and any person engaged in receiving wagers only on behalf of such organization, if the only wagers accepted by the organization (and the person) are authorized under the law of the State in which accepted. Provides for taxing a percentage of wagering winnings in excess of charitable expenditures. | 2025-01-03T20:55:56Z | |
| 102-hr-5649 | 102 | hr | 5649 | To amend the Internal Revenue Code of 1986 to phaseout the occupational taxes relating to distilled spirits, wine, and beer and to impose the tax on diesel fuel in the same manner as the tax on gasoline. | Taxation | 1992-07-22 | 1992-08-04 | On motion to suspend the rules and pass the bill Failed by recorded vote (2/3 required): 200 - 207 (Roll no. 360). | House | Rep. Matsui, Robert T. [D-CA-3] | CA | D | M000249 | 0 | Title I: Phaseout of Occupational Taxes Relating to Distilled Spirits, Wine, and Beer - Amends the Internal Revenue Code to reduce the special occupational taxes on producers and dealers in distilled spirits, wine, and beer, effective on July 1, 1993, and to repeal such taxes, effective on July 1, 1994. Title II: Modifications to Tax on Diesel Fuel - Imposes an excise tax on diesel fuel (separate from the gasoline tax and the tax on aviation). Exempts from such tax diesel fuel: (1) used by trains and intercity, local, or school buses; and (2) which is dyed or marked in accordance in regulations prescribed by the Secretary of the Treasury. Provides that the Airport and Airway Trust Fund financing rate does not apply to aviation fuel sold by a producer or importer for use by the purchaser in a nontaxable use. Imposes a civil penalty on persons who use dyed fuel for a taxable use. Imposes a floor stocks tax on any person holding diesel fuel April 1, 1993. Authorizes grants to certain businesses having annual sales of less than 50,000,000 gallons of diesel fuel to defray the one-time costs of installing additional storage tanks to comply with the fuel dying requirements under this Act. | 2024-02-07T16:32:33Z | |
| 102-hr-5650 | 102 | hr | 5650 | To amend the Internal Revenue Code of 1986 to allow non-exempt farmer cooperatives to elect patronage-sourced treatment for certain gains and losses, and for other purposes. | Taxation | 1992-07-22 | 1992-10-05 | See H.R.11. | House | Sen. Dorgan, Byron L. [D-ND-None] | ND | D | D000432 | 1 | Amends the Internal Revenue Code to allow farmers' cooperatives to elect to treat as ordinary income or loss certain capital gains and losses from the disposition of assets used in conducting business with or for patrons. Decreases from five years to four years the maturity date for high yield discount obligations for purposes of determining the deduction for interest on indebtedness. Requires any interest received by a limited equity housing corporation on reasonable reserves (including reserves required by a government agency or lender) to be treated as income derived by such corporation from transactions with members. | 2025-01-03T20:55:56Z | |
| 102-hr-5652 | 102 | hr | 5652 | To amend the Internal Revenue Code of 1986 to extend the period for the rollover of gain on the sale of a principal residence for the period the taxpayer has substantial frozen deposits in a financial institution. | Taxation | 1992-07-22 | 1992-10-05 | See H.R.11. | House | Rep. Donnelly, Brian J. [D-MA-11] | MA | D | D000416 | 1 | Amends the Internal Revenue Code to suspend the two-year rollover period on the gain on sale of a principal residence for taxpayers who have substantial deposits frozen in a financial institution. Prohibits such suspended period from extending beyond five years after the date of sale of the old residence. Describes substantial frozen deposits as those in excess of 50 percent of the net amount realized from the sale of the old residence. | 2025-01-03T20:55:56Z | |
| 102-hr-5653 | 102 | hr | 5653 | To amend the Internal Revenue Code of 1986 to exempt the full amount of bonds issued for government-owned high-speed intercity rail facilities from the State volume cap on private activity bonds and to require reporting of certain income and real property taxes. | Taxation | 1992-07-22 | 1992-07-28 | On motion to suspend the rules and pass the bill Failed by the Yeas and Nays: (2/3 required): 48 - 369 (Roll no. 328). | House | Rep. Coyne, William J. [D-PA-14] | PA | D | C000846 | 0 | Amends the Internal Revenue Code to provide a complete tax exemption from the State volume cap (currently a 75 percent tax exemption) for bonds used to finance government-owned high-speed intercity rail facilities. Requires information reporting on refunds of real property taxes. | 2024-02-07T16:32:33Z | |
| 102-hr-5654 | 102 | hr | 5654 | To amend the Internal Revenue Code of 1986 to provide that the harbor maintenance tax shall not apply to the movement of certain cargo within contiguous United States and foreign ports, and for other purposes. | Taxation | 1992-07-22 | 1992-07-27 | Placed on the Union Calendar, Calendar No. 423. | House | Rep. Levin, Sander M. [D-MI-17] | MI | D | L000263 | 1 | Amends the Internal Revenue Code to extend the exemption from the harbor maintenance tax for intraport movements to cargo movement between a U.S. port and a port located in a foreign country which is within five miles of such U.S. port (a unified port). Declares that such exemption does not apply to: (1) cargo landed in such foreign country before landing in the unified port; or (2) cargo destined for use outside the United States and outside such foreign country. Increases the rate of the harbor maintenance tax. | 2024-02-07T16:32:33Z | |
| 102-hr-5655 | 102 | hr | 5655 | To amend the Internal Revenue Code of 1986 to restore the prior law treatment of corporate reorganizations through the exchange of debt instruments, and for other purposes. | Taxation | 1992-07-22 | 1992-08-05 | Received in the Senate and read twice and referred to the Committee on Finance. | House | Rep. Moody, Jim [D-WI-5] | WI | D | M000881 | 0 | Amends the Internal Revenue Code, with respect to capital gains and losses, to restore the prior law treatment of corporate reorganizations by providing a special rule for determining issue price in the case of exchange of debt instruments in such reorganizations. Increases the mileage requirement for the moving expenses deduction from 35 miles to 60 miles. | 2025-01-03T20:55:56Z | |
| 102-hr-5656 | 102 | hr | 5656 | To amend the Internal Revenue Code of 1986 to exempt services performed by full-time students for seasonal children's camps from social security taxes, and for other purposes. | Taxation | 1992-07-22 | 1992-08-05 | Received in the Senate and read twice and referred to the Committee on Finance. | House | Rep. Moody, Jim [D-WI-5] | WI | D | M000881 | 0 | Amends the Internal Revenue Code to exempt services performed by full-time students for organized seasonal children's camps from social security taxes. Provides for the treatment of an Indian tribal government as a tax-exempt organization for purposes of provisions relating to the taxability of a beneficiary under an annuity purchased by a tax-exempt organization. | 2025-01-03T20:55:56Z | |
| 102-hr-5657 | 102 | hr | 5657 | To amend the Internal Revenue Code of 1986 with respect to the treatment of deposits under certain perpetual insurance policies. | Taxation | 1992-07-22 | 1992-08-05 | Received in the Senate and read twice and referred to the Committee on Finance. | House | Rep. Cardin, Benjamin L. [D-MD-3] | MD | D | C000141 | 2 | Amends the Internal Revenue Code to exclude a deposit made by a policyholder under a qualified perpetual insurance policy from provisions governing the treatment of loans with below-market interest rates. Describes such a policy as one: (1) which provides insurance for property damage or casualty with respect to certain residential property (or the contents thereof); and (2) which is funded only by the policyholder placing a cash deposit (and does not provide for any periodic premiums) and such deposit is fully refundable upon cancellation. | 2025-01-03T20:55:56Z | |
| 102-hr-5658 | 102 | hr | 5658 | Relating to the treatment of certain distributions made by Alaska Native Corporations. | Taxation | 1992-07-22 | 1992-08-05 | Received in the Senate and read twice and referred to the Committee on Finance. | House | Rep. McDermott, Jim [D-WA-7] | WA | D | M000404 | 0 | Declares that, for purposes of the Internal Revenue Code, any qualified distribution made by a Native Corporation shall not be treated as a distribution made out of earnings and profits. Defines a qualified distribution as any distribution to a Native (as defined under the Alaska Native Claims Settlement Act) or descendant of a Native which: (1) is made after the date of enactment of such Act; and (2) but for this Act would have been treated as a dividend. | 2025-01-03T20:55:56Z | |
| 102-hr-5659 | 102 | hr | 5659 | To permit the simultaneous reduction of interest rates on certain port authority bonds. | Taxation | 1992-07-22 | 1992-08-05 | Received in the Senate and read twice and referred to the Committee on Finance. | House | Rep. Vento, Bruce F. [D-MN-4] | MN | D | V000087 | 0 | Provides that the simultaneous reduction of interest rates on certain port authority bonds shall not affect the tax-exempt status of such interest, nor cause them to be treated as arbitrage bonds under the Internal Revenue Code by reason of the failure to reduce interest rates on loans made with bond proceeds before the date of such simultaneous reduction. | 2025-01-03T20:55:56Z | |
| 102-hr-5660 | 102 | hr | 5660 | To amend the Internal Revenue Code of 1986 to provide that the conducting of certain games of chance shall not be treated as an unrelated trade or business, and for other purposes. | Taxation | 1992-07-22 | 1992-08-05 | Received in the Senate and read twice and referred to the Committee on Finance. | House | Rep. Hoyer, Steny H. [D-MD-5] | MD | D | H000874 | 2 | Amends the Internal Revenue Code to exclude from the tax on unrelated trade or business income the conducting of qualified games of chance by certain tax exempt organizations. Describes such games as any game: (1) that does not violate State or local law; (2) that the conduct of which by for-profit organizations would violate such law; and (3) where no substantial part of the work is performed by individuals principally engaged to perform gaming services for hire. Increases the rate of withholding tax on certain gambling winnings from 20 percent to 28 percent. | 2025-01-03T20:55:56Z | |
| 102-hr-5661 | 102 | hr | 5661 | To amend the Internal Revenue Code of 1986 to exempt transportation on certain ferries from the excise tax on transportation of passengers by water. | Taxation | 1992-07-22 | 1992-08-05 | Received in the Senate and read twice and referred to the Committee on Finance. | House | Rep. Andrews, Thomas H. [D-ME-1] | ME | D | A000211 | 0 | Amends the Internal Revenue Code to exempt from the excise tax on transportation of passengers by water a ferry voyage of less than 12 hours between a port in the United States and a port outside the United States. | 2025-01-03T20:55:56Z | |
| 102-hr-5669 | 102 | hr | 5669 | Family Education Assistance Act of 1992 | Taxation | 1992-07-22 | 1992-07-22 | Referred to the House Committee on Ways and Means. | House | Rep. Erdreich, Ben [D-AL-6] | AL | D | E000201 | 0 | Family Education Assistance Act of 1992 - Amends the Internal Revenue Code to allow an individual income tax deduction for contributions to a savings account or prepaid tuition contract established to pay the educational expenses (tuition, supplies, meals, and lodging) of the taxpayer's child or certain other relatives at an institution of higher education or a vocational school. Limits the deduction to $1,500 annually (adjusted for inflation) for each account or contract. Disallows the deduction for contributions to an account maintained for any individual aged 24 or older. Requires any account balance to be distributed after the beneficiary attains age 30. Permits an exclusion from the gross income of the contributor or the beneficiary of account distributions used to pay educational expenses of the latter. Exempts an account from taxation (except for the tax on unrelated business income of a charitable organization), unless a contributor or the beneficiary engages in specified prohibited transactions in connection with it. Imposes a ten percent surtax on distributions not used for educational purposes. Requires the account trustee to report to the Secretary of the Treasury and to the account's beneficiary concerning the account. Imposes a penalty for failure to report. Allows taxpayers who do not otherwise itemize deductions to deduct for contributions to an education savings account. Imposes penalty taxes in connection with excess contributions or prohibited transactions associated with an account. Excludes from gross income amounts received by individuals from certain prepaid tuition plans. Treats program income derived by a State or agency from State prepaid tuition plans as income derived from the exercise of an essential governmental function. | 2025-08-26T15:16:50Z | |
| 102-hr-5671 | 102 | hr | 5671 | Individual Investment Account Act of 1992 | Taxation | 1992-07-22 | 1992-07-22 | Referred to the House Committee on Ways and Means. | House | Rep. Schulze, Richard T. [R-PA-5] | PA | R | S000146 | 3 | Individual Investment Account Act of 1992 - Amends the Internal Revenue Code to allow a deduction for amounts contributed to individual investment accounts. Allows tax-free distributions, limited to $15,000 for all taxable years, from such accounts for use in the purchase of a principal residence by a first-time homebuyer. Makes such accounts tax-exempt unless the individual engages in prohibited transactions. Adjusts dollar limitations under this Act for inflation. Allows such deduction in determining adjusted gross income. Exempts such accounts from estate tax. Excludes from gross income gain from the sale or exchange of property if, during the five-year period ending on the date of the sale or exchange, such property has been owned and used by the taxpayer as a principal residence for periods aggregating three years or more. Limits such exclusion to the amount paid to an individual investment account during the one-year period beginning on the date of the sale or exchange. Provides for adjusting the basis of a residence acquired through the use of an individual investment account. | 2025-08-26T15:17:10Z | |
| 102-hr-5624 | 102 | hr | 5624 | To amend the Internal Revenue Code of 1986 to exclude from gross income certain employer-sponsored scholarships. | Taxation | 1992-07-21 | 1992-07-21 | Referred to the House Committee on Ways and Means. | House | Rep. Donnelly, Brian J. [D-MA-11] | MA | D | D000416 | 1 | Amends the Internal Revenue Code to exclude from gross income employer-sponsored scholarships if: (1) the scholarship does not exceed $5,000 for any calendar year; and (2) the adjusted gross income of the recipient does not exceed $50,000 for such year. Reduces the limitation on the maximum exclusion from gross income for employer-provided educational assistance by reason of this Act. | 2024-02-07T16:32:33Z | |
| 102-s-2987 | 102 | s | 2987 | Foreign Tax Simplification Act of 1992 | Taxation | 1992-07-20 | 1992-07-20 | Read twice and referred to the Committee on Finance. | Senate | Sen. Baucus, Max [D-MT] | MT | D | B000243 | 0 | Foreign Tax Simplification Act of 1992 - Amends the Internal Revenue Code to exempt foreign persons (including corporations) from the uniform capitalization rules in determining earnings and profits for any business not conducted in the United States. Declares that a foreign corporation shall not be considered a passive foreign investment company for any day on which such corporation was a controlled foreign corporation. Revises the application of the separate foreign tax credit limitation for foreign corporations in which U.S. parent companies do not own a controlling interest. Requires that foreign tax credits claimed for foreign income be translated into dollars by using the average exchange rate for the taxable year to which such taxes relate. Provides an exception for taxes not paid within the following two years, and for inflationary currency. Provides for translating taxes not subject to such requirement. Sets forth special rules for making adjustments to accrued taxes not paid within two years. Allows the use of the average exchange rate for the period during which the taxes or adjustment is paid instead of the exchange rate as of the time of such payment. Provides that the look-through rules for controlled foreign corporations do not apply to companies with less than $1 million in all of their separate categories. | 2025-08-26T15:15:33Z | |
| 102-hr-5581 | 102 | hr | 5581 | Education Savings Act of 1992 | Taxation | 1992-07-09 | 1992-08-25 | Referred to the Subcommittee on Postsecondary Education. | House | Rep. Chandler, Rod D. [R-WA-8] | WA | R | C000293 | 0 | Education Savings Act of 1992 - Amends the Internal Revenue Code to allow an individual income tax deduction for up to $2,000 annually of contributions to a savings account established to pay the educational expenses (tuition, supplies, meals, and lodging) of any individual under age 24 at an institution of higher education or a vocational school. Requires any account to be treated as an individual retirement account after the beneficiary attains age 25. Excludes from gross income any account distributions that are used to pay educational expenses of the eligible beneficiary. Exempts an account from taxation (except for the tax on unrelated business income of a charitable organization) unless a contributor or the beneficiary engages in specified prohibited transactions in connection with it. Imposes a ten percent surtax on distributions not used for educational purposes. Requires the account trustee to report to the Secretary of the Treasury and to the account's beneficiary concerning the account. Imposes a penalty for failure to report. Allows taxpayers who do not otherwise itemize deductions to deduct for contributions to an education savings account. Excludes employer contributions to education savings accounts from social security and unemployment taxes. Imposes penalty taxes in connection with excess contributions or prohibited transactions associated with an account. Directs the Secretary of Education to make matching contributions (equal to a percentage formula) to eligible institutions for amounts paid from education savings accounts. Repeals the income limitations on the exclusion for savings bonds used to pay higher education expenses where the proceeds exceed such expenses. | 2025-08-26T15:16:35Z | |
| 102-hr-5582 | 102 | hr | 5582 | Economic Growth Act of 1992 | Taxation | 1992-07-09 | 1992-07-15 | Referred to the Subcommittee on Social Security. | House | Rep. Coleman, E. Thomas [R-MO-6] | MO | R | C000618 | 0 | Economic Growth Act of 1992 - Title I: Tax Credits - Amends the Internal Revenue Code to reinstate the investment tax credit of ten percent of qualified investment in tangible business property. Makes the credit for increasing research activities permanent law. Allows a credit for a first-time homebuyer of ten percent of the purchase price of a principal residence purchased after January 31, 1992. Allows the carryover of unused credits for five years. Provides for the recapture of such credit if the property is disposed of within 36 months of the date of purchase. Title II: Family Tax Relief - Increases the deduction for personal exemptions by $500 for a child of a taxpayer who has not attained age 18. Amends title II of the Social Security Act (Old-Age, Survivors and Disability Insurance) to remove the limitation on the amount of outside income which a beneficiary may earn without incurring a reduction in benefits. Title III: Capital Gains Tax Reduction - Amends the Internal Revenue Code to reduce the capital gains rate for individuals. Provides for the phaseout of personal exemptions and the overall limitation on itemized deductions to take into account adjusted gross income which has been reduced by net capital gain. Reduces the tentative minimum tax rate for individuals. Title IV: Individual Retirement Accounts - Repeals the limitation on retirement savings deductions for active participants in certain pension plans (and therefore restores the retirement savings deduction for all taxpayers). Allows penalty-free early withdrawals from individual retirement accounts for: (1) first-home purchases; (2) higher education expenses; and (3) medical expenses. Provides for certain lineal descendants and ancestors to be treated as dependents for medical care purposes. Title V: Education Expenses - Allows an individual income tax deduction for contributions to a savings account established to pay the educational expenses (tuition, supplies, meals, and lodging) of the taxpayer's child or certain other relatives a… | 2025-08-26T15:17:55Z | |
| 102-hr-5596 | 102 | hr | 5596 | Small Business Regulatory Cost Relief Act of 1992 | Taxation | 1992-07-09 | 1992-07-09 | Referred to the House Committee on Ways and Means. | House | Rep. Lightfoot, Jim [R-IA-5] | IA | R | L000305 | 20 | Small Business Regulatory Cost Relief Act of 1992 - Amends the Internal Revenue Code to replace the small business tax credit for expenditures to provide access to disabled individuals with the small business tax credit for regulatory costs. Makes such credit 50 percent of qualified regulatory costs for a taxable year as exceed $250. Declares that such costs include eligible access expenditures for the disabled. | 2025-08-26T15:15:07Z | |
| 102-hr-5598 | 102 | hr | 5598 | Rural Physicians Tax Credit Act | Taxation | 1992-07-09 | 1992-07-09 | Referred to the House Committee on Ways and Means. | House | Rep. Marlenee, Ron [R-MT-2] | MT | R | M000139 | 0 | Rural Physicians Tax Credit Act - Amends the Internal Revenue Code to allow a tax credit for physicians who commence practice in a rural area. Allows such credit for the year such commencement occurs and the three succeeding taxable years. Limits such credit to $5,000. Requires the physician to practice medicine in the rural area for at least nine months in a taxable year. | 2025-08-26T15:16:29Z | |
| 102-hr-5616 | 102 | hr | 5616 | American Jobs Investment Act of 1992 | Taxation | 1992-07-09 | 1992-07-09 | Referred to the House Committee on Ways and Means. | House | Rep. Stokes, Louis [D-OH-21] | OH | D | S000948 | 0 | American Jobs Investment Act of 1992 - Amends the Internal Revenue Code to allow a tax credit after December 31, 1991, and before January 1, 1997, for qualified investment in American-made property. Describes such property as that completed in the United States and at least 70 percent of the basis of which is attributable to value added within the United States. Increases such tax credit for investment in such property where the labor was performed by union employees. | 2025-08-26T15:17:48Z | |
| 102-hr-5618 | 102 | hr | 5618 | Family Renewal and Support Act of 1992 | Taxation | 1992-07-09 | 1992-07-09 | Referred to the House Committee on Ways and Means. | House | Rep. Weldon, Curt [R-PA-7] | PA | R | W000268 | 10 | Family Renewal and Support Act of 1992 - Title I: Increase in Personal Exemption for Certain Dependent Children - Amends the Internal Revenue Code to increase the personal exemption for a dependent child who has not attained age 18 from $2,000 to $3,500. Provides for rounding inflation adjustments to tax tables to the nearest multiple of $10 (currently rounded to the next lowest multiple of $50). Title II: Retirement Savings Incentives - Subtitle A: Restoration IRA Deduction - Subtitle A: Restoration of IRA Deduction - Removes the limitations on deductions for individual retirement plans and provides a cost-of-living adjustment for deductible amounts. Subtitle B: Nondeductible Tax-Free IRAs - Establishes special individual retirement accounts that are nondeductible. Makes such accounts nontaxable if earnings on contributions are held for at least five years. Applies the early withdrawal penalty to distributions made before the end of the five-year period. Subtitle C: Penalty-Free Distributions - Provides exemptions from the ten-percent penalty on early withdrawals from individual retirement plans for: (1) first home purchases; (2) higher education expenses; and (3) financially devastating medical expenses. Title III: Credit for First-Time Homebuyers - Allows a first-time homebuyer who purchases a principal residence a tax credit of ten percent of the purchase price of such residence. Limits the credit to $5,000. Requires married individuals filing jointly to both be first-time homebuyers. Allows the use of 50 percent of the credit in the first taxable year in which the residence is purchased and the remaining 50 percent in the succeeding taxable year. Makes this credit applicable to residences acquired after February 1, 1992, and before January 1, 1993, or for which a binding contract is entered into during such period. Title IV: Deduction for Interest on Certain Educational Loans - Allows an income tax deduction for interest on certain indebtedness incurred to pay the educational expenses of the tax… | 2025-08-26T15:15:00Z | |
| 102-hr-5568 | 102 | hr | 5568 | To amend the Internal Revenue Code of 1986 to provide estate tax relief for victims of the terrorist-caused airplane crash near Lockerbie, Scotland, in 1988. | Taxation | 1992-07-08 | 1992-07-08 | Referred to the House Committee on Ways and Means. | House | Rep. Andrews, Robert E. [D-NJ-1] | NJ | D | A000210 | 0 | Prohibits the imposition of the estate tax on the transfer of the taxable estate of a citizen or resident of the United States who died as a direct result of the Pan American Airways Flight 103 terrorist disaster over Lockerbie, Scotland, on December 21, 1988. | 2024-02-07T16:32:33Z | |
| 102-hr-5536 | 102 | hr | 5536 | To amend the Internal Revenue Code of 1986 to allow a full, permanent deduction for the health insurance costs of self-employed individuals and to allow a refundable credit for certain health plan costs of small employers. | Taxation | 1992-07-02 | 1992-07-02 | Referred to the House Committee on Ways and Means. | House | Rep. Torres, Esteban Edward [D-CA-34] | CA | D | T000316 | 0 | Amends the Internal Revenue Code provisions relating to the income tax deduction for the health insurance costs of self-employed individuals to: (1) increase the allowable deduction from 25 percent to 100 percent; and (2) make the deduction permanent (under current law it will expire after June 30, 1992). Allows a tax credit of 40 percent of the amount paid or incurred for a qualified group health plan by a very small employer or a small employer. Describes a very small employer as one with less than 24 full-time employees and whose average annual rate of pay to such employees is $18,000 or less. Describes a small employer as one (other than a very small employer) with less than 100 employees. | 2024-02-07T16:32:33Z | |
| 102-s-2955 | 102 | s | 2955 | Truth in Tax-Exempt Giving Act of 1992 | Taxation | 1992-07-02 | 1992-07-02 | Read twice and referred to the Committee on Finance. | Senate | Sen. Warner, John [R-VA] | VA | R | W000154 | 4 | Truth in Tax-Exempt Giving Act of 1992 - Amends the Internal Revenue Code to require certain tax-exempt organizations to furnish each contributor, upon written request, a disclosure statement containing its gross income, expenses, disbursements, and information on certain highly compensated employees. Allows such organizations to charge a processing fee. Establishes a penalty for failure to provide a disclosure statement. | 2025-08-26T15:17:10Z | |
| 102-s-2957 | 102 | s | 2957 | Open Space Preservation Act of 1992 | Taxation | 1992-07-02 | 1992-07-02 | Read twice and referred to the Committee on Finance. | Senate | Sen. Chafee, John H. [R-RI] | RI | R | C000269 | 3 | Open Space Preservation Act of 1992 - Amends the Internal Revenue Code to exclude from the gross estate tax the value of land subject to a qualified conservation easement (less the amount of any indebtedness secured by such land). Includes in the gross estate tax the value of each development right retained by the donor in the conveyance of the easement. Makes such tax due upon the disposition of the property. Provides that such land subject to the exclusion will have a carryover basis for purposes of determining gain or loss. Excludes from the gift tax transfers by gift of land subject to a conservation easement (other than development rights retained by the donor of such easement). Removes the allowance for a tax deduction in the case of a contribution of property where mining rights are retained if the surface estate and mining interests were separated before June 13, 1976, and remain separated. | 2025-08-26T15:17:37Z | |
| 102-s-2979 | 102 | s | 2979 | Charitable Contribution Tax Act of 1992 | Taxation | 1992-07-02 | 1992-07-02 | Read twice and referred to the Committee on Finance. | Senate | Sen. Moynihan, Daniel Patrick [D-NY] | NY | D | M001054 | 3 | Charitable Contribution Tax Act of 1992 - Amends the Internal Revenue Code to repeal the tax preference for the appreciated property charitable deduction. Requires a charitable contribution allowable as a deduction in computing taxable income to be allocated and apportioned solely to gross income from sources within the United States. Disallows a deduction for contributions of $100 or more unless the taxpayer substantiates the contribution by a contemporaneous written acknowledgement of the contribution by the donee organization. Specifies the contents of such acknowledgment. Sets forth disclosure requirements for an organization that receives a quid pro quo contribution (payment made partly as a contribution and partly in consideration for goods or services provided to the payor by the donee organization). Imposes a penalty for failure to make such disclosure. Provides for the tax treatment of bonds of certain nonprofit tax-exempt organizations in a manner similar to governmental bonds. | 2025-08-26T15:16:23Z | |
| 102-hr-5523 | 102 | hr | 5523 | To amend the Internal Revenue Code of 1986 to provide that the credit under section 936 of such Code shall not apply to taxes on income attributable to investments guaranteed by the United States. | Taxation | 1992-07-01 | 1992-07-01 | Referred to the House Committee on Ways and Means. | House | Rep. Moody, Jim [D-WI-5] | WI | D | M000881 | 0 | Amends the Internal Revenue Code to provide that the Puerto Rico and possession tax credit (under the Caribbean Basin Economic Recovery Act) for domestic corporations does not apply to investments that are federally guaranteed. | 2024-02-07T16:32:33Z | |
| 102-s-2920 | 102 | s | 2920 | Minority and Women Capital Formation Act of 1992 | Taxation | 1992-07-01 | 1992-07-01 | Read twice and referred to the Committee on Finance. | Senate | Sen. Specter, Arlen [R-PA] | PA | R | S000709 | 1 | Minority and Women Capital Formation Act of 1992 - Amends the Internal Revenue Code to provide incentives for investments in disadvantaged and women-owned enterprises. Allows a tax deduction for investments in qualified minority fund interests and qualified women's fund interests (domestic corporations or partnerships). Limits investment in such venture capital funds to $300,000 ($150,000 in the case of a separate return by a married individual). Allows a deduction for amounts invested through stock in small minority business corporations and small women's business corporations. Limits the amounts of such deduction for corporate and noncorporate taxpayers. Allows taxpayers to elect a credit, in lieu of a deduction, equal to 15 percent of the aggregate bases of investments in minority fund interests and women's fund interests, with limitations. Allows taxpayers to elect a credit, in lieu of a deduction, equal to ten percent of investments in small minority business corporations and small women's business corporations, with limitations. Sets forth recapture provisions for instances in which such businesses fail to remain qualified. Requires the imposition of an interest charge if investments are disposed of within five years. Excludes from gross income 50 percent of the gain on the sale or exchange of property by a qualified minority or women's fund if such property was acquired after the date of the enactment of this Act and was held for at least five years. Defers capital gain reinvested in qualified disadvantaged and women-owned businesses. Terminates such deferral where the property is disposed of within five years of its purchase. Establishes a three-year statutory period for the assessment of any deficiency with respect to such gain. Amends the Small Business Investment Act of 1958 to provide that private capital of a licensed small business investment company includes: (1) any funds invested in the company by a State or local government business development fund or bank or by a public or private pensi… | 2025-08-26T15:13:59Z | |
| 102-hr-5515 | 102 | hr | 5515 | To amend the Internal Revenue Code of 1986 to allow a reasonable cause exception for the failure to make certain payments with respect to partnerships and S corporations not using a required taxable year. | Taxation | 1992-06-30 | 1992-06-30 | Referred to the House Committee on Ways and Means. | House | Rep. Kopetski, Mike [D-OR-5] | OR | D | K000312 | 0 | Amends the Internal Revenue Code to allow an exception for the failure of partnerships and S corporations not using a required taxable year to make certain payments if such failure is due to reasonable cause and not due to willful neglect. | 2024-02-07T16:32:33Z | |
| 102-s-2904 | 102 | s | 2904 | Military Separation Retirement Benefits Act of 1992 | Taxation | 1992-06-29 | 1992-06-29 | Read twice and referred to the Committee on Finance. | Senate | Sen. Murkowski, Frank H. [R-AK] | AK | R | M001085 | 7 | Military Separation Retirement Benefits Act of 1992 - Amends the Internal Revenue Code to allow rollovers into individual retirement accounts of military separation pay. | 2025-08-26T15:17:59Z | |
| 102-hr-5499 | 102 | hr | 5499 | To amend the Internal Revenue Code of 1986 to disallow any deduction for advertising or other promotion expenses with respect to sales of tobacco and tobacco products. | Taxation | 1992-06-25 | 1992-06-25 | Referred to the House Committee on Ways and Means. | House | Rep. Stark, Fortney Pete [D-CA-9] | CA | D | S000810 | 26 | Amends the Internal Revenue Code to disallow an income tax deduction for sales promotion expenses relating to tobacco and tobacco products. | 2024-02-07T16:32:33Z | |
| 102-hr-5485 | 102 | hr | 5485 | To amend the Internal Revenue Code of 1986 to disallow any deduction for amounts paid or incurred for certain prescription-related advertisements, and for other purposes. | Taxation | 1992-06-24 | 1992-06-24 | Referred to the House Committee on Ways and Means. | House | Rep. Stark, Fortney Pete [D-CA-9] | CA | D | S000810 | 0 | Amends the Internal Revenue Code to disallow a trade or business expense deduction for amounts paid or incurred with respect to prescription-related advertisements that have not been reviewed and approved by the Food and Drug Administration or a qualified nongovernmental review board. Denies tax-exemption to organizations that publish medical journals with such advertisements that have not been subject to such review and approval. | 2024-02-07T16:32:33Z | |
| 102-hr-5461 | 102 | hr | 5461 | To amend the Internal Revenue Code of 1986 to restore the regular investment tax credit for property placed in service during a specified period. | Taxation | 1992-06-23 | 1992-06-23 | Referred to the House Committee on Ways and Means. | House | Rep. Erdreich, Ben [D-AL-6] | AL | D | E000201 | 0 | Amends the Internal Revenue Code to reinstate the investment tax credit of ten percent of qualified investment in tangible business property placed in service during 1992, 1993, or 1994. Allows such credit for property placed in service after December 31, 1994, under specified circumstances. | 2024-02-07T16:32:33Z |
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CREATE TABLE legislation (
bill_id TEXT PRIMARY KEY,
congress INTEGER,
bill_type TEXT,
bill_number INTEGER,
title TEXT,
policy_area TEXT,
introduced_date TEXT,
latest_action_date TEXT,
latest_action_text TEXT,
origin_chamber TEXT,
sponsor_name TEXT,
sponsor_state TEXT,
sponsor_party TEXT,
sponsor_bioguide_id TEXT,
cosponsor_count INTEGER DEFAULT 0,
summary_text TEXT,
update_date TEXT,
url TEXT
);
CREATE INDEX idx_leg_congress ON legislation(congress);
CREATE INDEX idx_leg_type ON legislation(bill_type);
CREATE INDEX idx_leg_policy ON legislation(policy_area);
CREATE INDEX idx_leg_date ON legislation(introduced_date);
CREATE INDEX idx_leg_sponsor ON legislation(sponsor_name);
CREATE INDEX idx_leg_sponsor_bioguide ON legislation(sponsor_bioguide_id);