legislation
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1,199 rows where congress = 93 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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| 93-hr-17671 | 93 | hr | 17671 | Tax Credits and Allowances Act | Taxation | 1974-12-19 | 1974-12-19 | Referred to House Committee on Ways and Means. | House | Rep. Griffiths, Martha W. [D-MI-17] | MI | D | G000471 | 9 | Tax Credits and Allowances Act - Title I: Personal Credits Allowances for Basic Living Expenses, and other Tax Provisions - Repeals the personal exemption and provides, in lieu thereof, a credit against tax equal to the personal credits granted by this title. Provides a $225 credit for the taxpayer, and additional credits of $225 each for the taxpayer's spouse and each dependent. Authorizes prepayment of estimated personal credits to recipients of allowances for basic living expenses. Repeals the low income allowance. Provides for a standard employment expense deduction of: (1) 10 percent (but not to exceed $500) of the earned income received by the lesser compensated spouse; and (2) 10 percent (but not to exceed $1,000) of the earned income of the head of a household. Provides an allowance for basic living expenses. Specifies the requirements to be met for eligibility for receipt of such allowance, and sets forth the maximum amounts of such allowance. Authorizes the Secretary of the Treasury to promulgate regulations for the administration of this Act. Defines the terms used in the Act. Provides special rules with respect to the filing status of individuals under this Act. Provides for the coordination of allowances and credits authorized by this Act with those authorized under the educational opportunity grant program of the Higher Education Act of 1965. Authorizes to be appropriated such sums as are necessary to carry out the provisions of this title. States that gross income does not include, for the purposes of this title, amounts received by recipients as allowances for basic living expenses. Title II: Public Assistance and Welfare Reform - Requires State supplementation of income to families receiving aid for dependent children in the amount that the income of such families is reduced by the provisions of this Act. Provides that supplementary payments made by States under this title shall be made for a maximum period of 24 months. Changes the eligibility requirements for benefits under the supplemen… | 2025-09-03T12:50:30Z | |
| 93-hr-17677 | 93 | hr | 17677 | A bill to amend the Land and Water Conservation Fund Act of 1965 to require payments by States to local jurisdictions in lieu of taxes, to increase the authorization of appropriation for the Land and Water Conservation Fund. | Taxation | 1974-12-19 | 1974-12-19 | Referred to House Committee on Interior and Insular Affairs. | House | Rep. Froehlich, Harold V. [R-WI-8] | WI | R | F000388 | 0 | Requires payments, under the Land and Water Conservation Fund Act, by States to local jurisdictions in lieu of property taxes that would have been paid to that jurisdiction had land being used for conservation purposes been private. Increases appropriations for the Land and Water Conservation Fund to $1,000,000,000 for each fiscal year. Directs the Secretary of the Treasury to pay annually to each county, and political subdivision within a county, in which more than 40 percent of the land subject to real property taxes is Federal land, an amount equal to the amount of real property taxes which would have been paid on Federal lands had they been privately owned. | 2024-08-01T18:39:29Z | |
| 93-hr-17663 | 93 | hr | 17663 | Uniform Tax Treatment of Financial Institutions Title | Taxation | 1974-12-18 | 1974-12-18 | Referred to House Committee on Ways and Means. | House | Rep. Schneebeli, Herman T. [R-PA-17] | PA | R | S000135 | 0 | Uniform Tax Treatment of Financial Institutions Title - Provides that any debt owed to a financial institution becoming worthless or partially worthless during the taxable year shall be charged to the reserve for losses on loans for purposes of business expense deductibility under the Internal Revenue Code of 1954. Redefines the term "bank" for purposes of the general rules applicable to banking institutions under the Internal Revenue Code. Changes the rules for determination of the reserve for losses for financial institutions for each taxable year. Provides for nonrecognition of gain or loss as a result of foreclosure on any property which was security for the payment of any indebtedness. Provides that the foreclosing party's basis in such property shall be the amount of the indebtedness for which the property was secured, plus costs of foreclosure. Provides new rules for the treatment of distributions of stock to shareholders by domestic building and loan associations where such distribution does not qualify as a deduction for dividends paid on deposits. Authorizes a deduction for the repayment of loans made before September 1, 1951, by the United States or any mutual fund established pursuant to the laws of any State to financial institutions as defined in this Act. Provides for separate taxation under Subchapter L (relating to the taxation of insurance companies) of the life insurance business of a mutual savings bank where such life insurance business is conducted separately from the other business of a mutual savings bank. Allows a deduction for dividends paid on deposits to banking organizations qualifying as such for purposes of the term "bank" as expanded by the provisions of this Act. Redefines the terms "domestic building and loan association" and "cooperative bank" for the purposes of this Act. Allows as a credit against its income tax 3.5 percent (1.5 percent in the case of an individual) of the amount of interest received or accrued from qualifying residential mortgage loans if at least 70 percen… | 2025-09-03T12:50:30Z | |
| 93-s-4247 | 93 | s | 4247 | A bill to amend the Internal Revenue Code of 1954 to increase the Federal excise tax on gasoline, to make such tax, as increased, a permanent tax, to provide that revenues derived from the increase in, and extension of, such tax are appropriated to the general fund rather than to the Highway Trust Fund, and to provide a credit for the increased tax paid with respect to not more than 500 gallons of gasoline purchased each year by a taxpayer. | Taxation | 1974-12-18 | 1974-12-18 | Referred to Senate Committee on Finance. | Senate | Sen. Percy, Charles H. [R-IL] | IL | R | P000222 | 0 | Increases the tax on gasoline sold by the producer or importer thereof, or by any producer of gasoline, to (1) 14 cents a gallon with respect to gasoline sold before January 1, 1976; and (2) 24 cents a gallon with respect to gasoline sold after December 31, 1975. Reduces the percentage amount of gasoline taxes to be allocated to the Highway Trust Fund in calendar years 1975 and 1976. Allows as a credit against income tax of up to $50 of the increased tax paid pursuant to this Act. | 2024-08-01T18:43:24Z | |
| 93-s-4248 | 93 | s | 4248 | A bill to repeal deduction for gasoline taxes. | Taxation | 1974-12-18 | 1974-12-18 | Referred to Senate Committee on Finance. | Senate | Sen. Percy, Charles H. [R-IL] | IL | R | P000222 | 0 | Repeals the tax deduction for gasoline taxes under the Internal Revenue Code. | 2024-08-01T18:43:24Z | |
| 93-hr-17649 | 93 | hr | 17649 | Cost-of-Living Adjustment Act | Taxation | 1974-12-17 | 1974-12-17 | Referred to House Committee on Ways and Means. | House | Rep. Landgrebe, Earl F. [R-IN-2] | IN | R | L000049 | 0 | Cost of Living Adjustment Act - Provides a tax credit, under the Internal Revenue Code, the amount of which shall be the amount of income tax payable by a taxpayer multiplied by the percentage increase in the Consumer Price Index for the taxable year over that of the previous taxable year. Provides that the amount of the deduction for personal exemptions, the low income allowance, and the standard deduction are increased by the percentage by which the Consumer Price Index exceeds that of the previous taxable year. | 2025-09-03T12:50:29Z | |
| 93-hr-17650 | 93 | hr | 17650 | A bill to amend the Internal Revenue Code to provide tax deductions for health care expenses for pets. | Taxation | 1974-12-17 | 1974-12-17 | Referred to House Committee on Ways and Means. | House | Rep. Maraziti, Joseph J. [R-NJ-13] | NJ | R | M000121 | 0 | Provides a tax deduction, under the Internal Revenue Code, for health care expenses for pets up to $250 for the taxable year. | 2024-08-01T18:39:29Z | |
| 93-hr-17630 | 93 | hr | 17630 | A bill to provide an income tax credit for savings for the payment of post-secondary educational expenses. | Taxation | 1974-12-13 | 1974-12-13 | Referred to House Committee on Ways and Means. | House | Rep. Dent, John H. [D-PA-21] | PA | D | D000255 | 3 | Provides for a credit under the Internal Revenue Code for 20 percent of the amounts deposited by the taxpayer in an educational savings plan for himself or a dependent. Sets limitations on the amount of such credit, dependent upon the nature of the account. Defines "educational savings plan" and other terms used in this Act. Provides for the recapture of any such credit allocable to nonqualified noneducational uses or for failure to use the account. (Adds 26 U.S.C. 42) | 2024-08-01T18:39:29Z | |
| 93-s-4230 | 93 | s | 4230 | Taxpayer Audit Disclosure Act | Taxation | 1974-12-12 | 1974-12-12 | Referred to Senate Committee on Finance. | Senate | Sen. Weicker, Lowell P., Jr. [R-CT] | CT | R | W000253 | 1 | Taxpayer Audit Disclosure Act - Requires the establishment of formal procedures and criteria for the selection of individual income tax returns for audit. Directs the Secretary of the Treasury or his delegate to provide any individual selected for auditing with a written notice which clearly specifies the reasons for and manner in which the return of such individual was selected for audit. Provides that the Secretary or his delegate shall furnish to such individual a written explanation which describes the audit procedure, the rights which a taxpayer may exercise during such procedure, the right of the taxpayer to make an administrative or judicial appeal from an adverse decision at the end of such procedure, and the right of the taxpayer to claim a refund. Requires the Secretary of the Treasury or his delegate to submit to the Joint Committee on Internal Revenue Taxation before September 30 of each year a report setting forth: (1) the number of individuals whose returns were selected for audit during the previous 12-month period; (2) a classification of individuals whose returns were audited during the previous 12-month period by, among other factors, income levels, geographic distribution, and profession; (3) the number of individuals audited during the previous 12-month period who were found to have made underpayments or overpayments of tax, together with summary statistics reflecting the percentage of such number, by income category, who made underpayments or overpayments of certain ranges of amounts (to be determined by the Secretary or his delegate); and (4) such other information as may be requested by the joint committee in accordance with the purposes of this Act. | 2025-09-03T12:53:25Z | |
| 93-hr-17609 | 93 | hr | 17609 | A bill to establish tax treatment for the sale of domestic corporations incomes of which derives substantially from foreign oil or gas operations. | Taxation | 1974-12-11 | 1974-12-11 | Referred to House Committee on Ways and Means. | House | Rep. Vanik, Charles A. [D-OH-22] | OH | D | V000047 | 0 | Treats the sale of foreign oil-related corporate stock or assets, for purposes of taxation, as income from a source within the United States if 80 percent of the gross income of such corporation for the preceding three taxable years was foreign oil-related income as defined in the Internal Revenue Code. Defines foreign tax credit treatment for any foreign taxes relating to the sale of such a corporation, but provides for allowance of a deduction with respect to such a sale. | 2024-08-01T18:39:26Z | |
| 93-hr-17613 | 93 | hr | 17613 | A bill to amend the Internal Revenue Code of 1954 to provide an income tax deduction for individuals for purchases of contemporary American art. | Taxation | 1974-12-11 | 1974-12-11 | Referred to House Committee on Ways and Means. | House | Rep. Rees, Thomas M. [D-CA-26] | CA | D | R000134 | 0 | Provides an income tax deduction, under the Internal Revenue Code of 1954, for individuals for the purchase of contemporary American art. Limits such tax deduction to $10,000, or $5,000 in the case of a spouse filing a separate return. Allows a carryover and carryback of such tax deduction. | 2024-08-01T18:39:26Z | |
| 93-hr-17582 | 93 | hr | 17582 | A bill to provide an income tax credit for savings for the payment of postsecondary educational expenses. | Taxation | 1974-12-09 | 1974-12-09 | Referred to House Committee on Ways and Means. | House | Rep. Dent, John H. [D-PA-21] | PA | D | D000255 | 15 | Provides for a credit under the Internal Revenue Code for 20 percent of the amounts deposited by the taxpayer in an educational savings plan for himself or a dependent. Sets limitations on the amount of such credit, dependent upon the nature of the account. Defines "educational savings plan" and other terms used in this Act. Provides for the recapture of any such credit allocable to nonqualified noneducational uses or for failure to use the account. (Adds 26 U.S.C. 42) | 2024-08-01T18:39:26Z | |
| 93-hr-17592 | 93 | hr | 17592 | A bill to provide an income tax credit for savings for the payment of postsecondary educational expenses. | Taxation | 1974-12-09 | 1974-12-09 | Referred to House Committee on Ways and Means. | House | Rep. Perkins, Carl Dewey [D-KY-7] | KY | D | P000230 | 13 | Provides for a credit under the Internal Revenue Code for 20 percent of the amounts deposited by the taxpayer in an educational savings plan for himself or a dependent. Sets limitations on the amount of such credit, dependent upon the nature of the account. Defines "educational savings plan" and other terms used in this Act. Provides for the recapture of any such credit allocable to nonqualified noneducational uses or for failure to use the account. (Adds 26 U.S.C. 42) | 2024-08-01T18:39:26Z | |
| 93-hres-1487 | 93 | hres | 1487 | Resolution to authorize the voluntary withholding of Maryland, Virginia, and District of Columbia income taxes in the case of Members of the House of Representatives and certain legislative employees, pursuant to agreements subject to review by the Committee on House Administration of the House of Representatives. | Taxation | 1974-12-09 | 1974-12-09 | Referred to House Committee on House Administration. | House | Rep. Gude, Gilbert [R-MD-8] | MD | R | G000513 | 0 | Authorizes the voluntary withholding of Maryland, Virginia, and District of Columbia income taxes in the case of Members of the House of Representatives and certain legislative employees, pursuant to agreements subject to review by the Committee on House Administration of the House of Representatives. | 2024-08-01T18:27:17Z | |
| 93-s-4219 | 93 | s | 4219 | A bill to amend section 1504 of the Internal Revenue Code of 1954, as amended. | Taxation | 1974-12-09 | 1974-12-09 | Referred to Senate Committee on Finance. | Senate | Sen. Ribicoff, Abraham A. [D-CT] | CT | D | R000191 | 0 | Denies to insurance companies (but not mutual insurance companies) and foreign corporations the privilege of filing consolidated returns in the case where one such company is substantially owned by another. | 2024-08-01T18:43:23Z | |
| 93-hr-17574 | 93 | hr | 17574 | Tax Credits and Allowances Act | Taxation | 1974-12-05 | 1974-12-05 | Referred to House Committee on Ways and Means. | House | Rep. Griffiths, Martha W. [D-MI-17] | MI | D | G000471 | 0 | Tax Credits and Allowances Act - Title I: Personal Credits Allowances for Basic Living Expenses, and other Tax Provisions - Repeals the personal exemption and provides, in lieu thereof, a credit against tax equal to the personal credits granted by this title. Provides a $225 credit for the taxpayer, and additional credits of $225 each for the taxpayer's spouse and each dependent. Authorizes prepayment of estimated personal credits to recipients of allowances for basic living expenses. Repeals the low income allowance. Provides for a standard employment expense deduction of: (1) 10 percent (but not to exceed $500) of the earned income received by the lesser compensated spouse; and (2) 10 percent (but not to exceed $1,000) of the earned income of the head of a household. Provides an allowance for basic living expenses. Specifies the requirements to be met for eligibility for receipt of such allowance, and sets forth the maximum amounts of such allowance. Authorizes the Secretary of the Treasury to promulgate regulations for the administration of this Act. Defines the terms used in the Act. Provides special rules with respect to the filing status of individuals under this Act. Provides for the coordination of allowances and credits authorized by this Act with those authorized under the educational opportunity grant program of the Higher Education Act of 1965. Authorizes to be appropriated such sums as are necessary to carry out the provisions of this title. States that gross income does not include, for the purposes of this title, amounts received by recipients as allowances for basic living expenses. Title II: Public Assistance and Welfare Reform - Requires State supplementation of income to families receiving aid for dependent children in the amount that the income of such families is reduced by the provisions of this Act. Provides that supplementary payments made by States under this title shall be made for a maximum period of 24 months. Changes the eligibility requirements for benefits under the supplemen… | 2025-09-03T12:50:30Z | |
| 93-hr-17522 | 93 | hr | 17522 | Inflation Control Act | Taxation | 1974-11-26 | 1974-11-26 | Referred to House Committee on Ways and Means. | House | Rep. Drinan, Robert F. [D-MA-4] | MA | D | D000499 | 0 | Inflation Control Act - Limits the type of gas wells eligible for the depletion allowance, under the Internal Revenue Code, to wells producing regulated natural gas, to the extent of such production, and wells producing natural gas sold under a fixed contract to the extent of such production. States that if the taxpayer elects the application of this subsection, then with respect to so much of his average daily production of domestic crude oil as does not exceed 3,000 barrels, the percentage depletion rate shall be 15 percent in the case of gross income from the property before January 1, 1979. Provides that, except as specified in this Act, at the election of the taxpayer there shall be allowed as a deduction in computing taxable income expenditures paid or incurred during the taxable year for the exploration or development of any mineral property (including an oil or gas well). States that the aggregate of the deductions allowable under this Act for any taxable year shall not exceed the taxpayer's aggregate taxable income from all mineral properties located within the United States. Terminates the deduction for mine development and exploration as of December 31, 1973. Provides that in the case of tax paid or accrued to any foreign country with respect to income derived from the extraction, production, transportation, or refining of oil or gas in such country, the term "income, war profits, and excess profits tax" does not include any royalty, bonus, or other payment which does not constitute the payment of a bona fide Federal or National income tax. Terminates the designation of any corporation as a domestic international sales corporation as of December 31, 1973. Imposes a tax, with respect to income of every person, equal to 10 percent of the amount (if any) by which the sum of the items of tax preference exceeds the excludable amount. | 2025-09-03T12:50:29Z | |
| 93-s-4191 | 93 | s | 4191 | A bill to amend the Internal Revenue Code of 1954 to prevent political misuse of the Internal Revenue Service, to restrict the access of Federal and State agencies to confidential tax information. | Taxation | 1974-11-26 | 1974-11-26 | Referred to Senate Committee on Finance. | Senate | Sen. Bentsen, Lloyd M. [D-TX] | TX | D | B000401 | 1 | Provides, under the Internal Revenue Code, that whoever initiates, attempts to initiate, or threatens to initiate an income tax audit, investigation, or prosecution in a discriminatory manner (1) on account of reasons other than enforcement; or (2) on account of race, creed, or color, or any political activity, shall be fined up $10,000 or imprisoned up to five years or both. Provides for an audit by the Comptroller General of the operations of the Internal Revenue Service for the Committee on Finance and the Committee on Ways and Means. Specifies the subject matter of such investigations and requires their annual reporting to the committees. Increases the criminal penalties for the unauthorized disclosure of confidential tax information. Imposes new civil penalties for the unauthorized disclosure of such information. Provides that all returns are confidential records, enumerating specifically those persons for whom inspection of returns is authorized. Requires a written request by the President prior to the inspection of any returns by employees of the White House Office. Requires the filing of a semi-annual report to the Joint Committee on Internal Revenue Taxation listing the returns furnished for inspection: (1) under court ordered procedures for Federal law enforcement; (2) to State tax law administrative bodies; (3) to the President and White House Office employees; and (4) to committees of Congress. Provides for the disclosure of specified tax information to the Social Security Administration, the Railroad Retirement Board, the Department of Labor, and the Pension Benefit Guaranty Corporation. | 2024-08-01T18:43:23Z | |
| 93-hr-17509 | 93 | hr | 17509 | A bill to provide an income tax credit for savings for the payment of post-secondary educational expenses. | Taxation | 1974-11-25 | 1974-11-25 | Referred to House Committee on Ways and Means. | House | Rep. Dent, John H. [D-PA-21] | PA | D | D000255 | 1 | Provides for a credit under the Internal Revenue Code for 20 percent of the amounts deposited by the taxpayer in an educational savings plan for himself or a dependent. Sets limitations on the amount of such credit, dependent upon the nature of the account. Defines "educational savings plan" and other terms used in this Act. Provides for the recapture of any such credit allocable to nonqualified noneducational uses or for failure to use the account. (Adds 26 U.S.C. 42) | 2024-08-01T18:39:25Z | |
| 93-s-4187 | 93 | s | 4187 | Tax Reform and Relief Act | Taxation | 1974-11-25 | 1974-11-25 | Referred to Senate Committee on Finance. | Senate | Sen. Mondale, Walter F. [D-MN] | MN | D | M000851 | 14 | Tax Reform and Relief Act - Title I: Tax Relief for Low-and Middle-Income Taxpayers - States that at the election of the taxpayer, for taxable years beginning after December 31, 1974, there shall be allowed, as a credit, an amount equal to $175 multiplied by the number of exemptions to which the taxpayer is entitled under section 151 of the Internal Revenue Code. Requires that such credit shall not exceed the tax imposed for the taxable year. Sets forth a special rule for exemptions for the taxable year 1974. Provides that there shall be allowed to a taxpayer who is an eligible individual as a credit an amount equal to a specified percentage of the social security taxes imposed on him and his employer with respect to wages received by the taxpayer during that year. States that the amount of the credit allowable to a taxpayer shall not exceed an amount equal to 10 percent of so much of his wages as does not exceed $4,000 received by that individual during that year with respect to employment, and that the amount of the credit shall be reduced by one-fourth of the amount by which a taxpayer's income exceeds $4,000. Provides that a taxpayer may receive an advance refund of the credit allowable to him not more frequently than quarterly by filing an election for such refund with the Secretary. States that if the taxpayer elects to base his claim for refund on social security taxes imposed on him, his spouse, and their employers, the election shall be a joint election signed by the taxpayer and his spouse. Title II: Amendments to Increase Revenues - Provides for the termination of special tax treatment for a Domestic International Sales Corporation (DISC). Imposes an excise tax on the windfall profits from domestic crude oil removed from the premises on every person entitled to a deduction for depletion with respect to the crude oil. States that each person liable for such tax shall be allowed, as a credit against such tax, an amount equal to such person's plowback investment for such taxable period. Defines "wind… | 2025-09-03T12:53:24Z | |
| 93-hr-17488 | 93 | hr | 17488 | Energy Tax and Individual Relief Act | Taxation | 1974-11-21 | 1974-11-26 | Reported to House from the Committee on Ways and Means, H. Rept. 93-1502. | House | Rep. Mills, Wilbur D. [D-AR-2] | AR | D | M000778 | 0 | Energy Tax and Individual Relief Act - Title I: Oil And Gas Energy Tax Act - Imposes, under the Internal Revenue Code, an excise tax on the windfall profits from domestic crude oil removed from the premises. Prescribes the procedure for calculating the amount of such tax, allowing a plowback credit against such tax. Defines the terms used, including "windfall profit," and sets forth special rules governing this Act. Provides an exemption from the tax where a tax-exempt organization is prohibited from plowing back. Requires each person liable for the tax, each partnership, trust, or estate producing domestic crude oil, each purchaser of domestic crude oil, and each operator of a well producing domestic crude oil to keep records and returns with respect to such oil. Prescribes the time for filing a return of the windfall profits tax. Requires the purchaser of domestic crude oil to furnish to the person liable for the tax a monthly statement of specified costs, amounts, and prices. Imposes criminal penalties on persons willfully failing to furnish information required under this Act. Requires that specified information be furnished to partners and beneficiaries of estates and trusts. Provides for a phase-out of the percentage depletion for domestic oil and gas production. Permits a taxpayer to elect: (1) the 3,000 barrel-a-day exemption; (2) the stripper well exemption; or (3) the Arctic Circle exemption. Provides an exemption for regulated natural gas and natural gas sold under fixed contract. Prescribes special rules governing geothermal energy. Provides that, in the case of oil and gas wells, the tax treatment which applies to the taxpayer's intangible drilling and development costs shall also apply to his domestic geological and geophysical costs. Outlines the rules governing the treatment, for purposes of the investment tax credit, of specified property used in international or territorial waters. Repeals the percentage depletion for foreign oil and gas wells. Sets limits on the foreign taxes attributab… | 2025-09-03T12:50:25Z | |
| 93-hr-17489 | 93 | hr | 17489 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer. | Taxation | 1974-11-21 | 1974-11-21 | Referred to House Committee on Ways and Means. | House | Rep. Ashbrook, John M. [R-OH-17] | OH | R | A000221 | 0 | Excludes from gross income, under the Internal Revenue Code, the first $500 of interest on deposits in savings institutions, banks, and credit unions. | 2024-08-01T18:39:19Z | |
| 93-hr-17492 | 93 | hr | 17492 | A bill to amend the Internal Revenue Code of 1954 to provide individuals a limited exclusion from gross income for interest on deposits in certain savings institutions. | Taxation | 1974-11-21 | 1974-11-21 | Referred to House Committee on Ways and Means. | House | Rep. Delaney, James J. [D-NY-9] | NY | D | D000211 | 0 | Allows an income tax exclusion under the Internal Revenue Code for interest on deposits in banks, savings institutions, and credit unions. Limits such tax exclusion to $500 ($1000 if a joint return is filed). | 2024-08-01T18:39:19Z | |
| 93-hr-17496 | 93 | hr | 17496 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer. | Taxation | 1974-11-21 | 1974-11-21 | Referred to House Committee on Ways and Means. | House | Rep. Stephens, Robert G., Jr. [D-GA-10] | GA | D | S000860 | 0 | Excludes from gross income, under the Internal Revenue Code, the first $500 of interest on deposits in savings institutions, banks, and credit unions. | 2024-08-01T18:39:19Z | |
| 93-hr-17477 | 93 | hr | 17477 | A bill to amend the Internal Revenue Code of 1954 to allow certain individuals who have attained age 62 a refundable tax credit for the amount of the Federal excise tax imposed on gasoline purchased by such individuals for use in their motor vehicles. | Taxation | 1974-11-20 | 1974-11-20 | Referred to House Committee on Ways and Means. | House | Rep. Helstoski, Henry [D-NJ-9] | NJ | D | H000465 | 0 | Allows individuals who have attained age 62 a tax credit against their Federal income tax equal to the amount of excise tax on gasoline paid during the taxable year, when such tax is not deductible as a business expense. Provides that such tax credit shall be reduced by an amount equal to 50 percent of the excess of the adjusted gross income over $5,000, or $2,500 in the case of a separate return by a married person. Makes technical and conforming amendments to the Internal Revenue Code of 1954. Provides that the amendments made by this Act shall apply to taxable years beginning after December 31, 1974. | 2024-08-01T18:39:19Z | |
| 93-s-4176 | 93 | s | 4176 | A bill to provide an income tax credit for savings for the payment of post-secondary educational expenses. | Taxation | 1974-11-20 | 1974-11-20 | Referred to Senate Committee on Finance. | Senate | Sen. Bentsen, Lloyd M. [D-TX] | TX | D | B000401 | 0 | Provides for a credit under the Internal Revenue Code for 20 percent of the amounts deposited by the taxpayer in an educational savings plan for himself or a dependent. Sets limitations on the amount of such credit, dependent upon the nature of the account. Defines "educational savings plan" and other terms used in this Act. Provides for the recapture of any such credit allocable to nonqualified noneducational uses or for failure to use the account. (Adds 26 U.S.C. 42) | 2024-08-01T18:43:22Z | |
| 93-hr-17452 | 93 | hr | 17452 | A bill to amend the Internal Revenue Code of 1954 to exempt buses used predominantly in public passenger transportation service from the manufacturer's excise tax. | Taxation | 1974-11-19 | 1974-11-19 | Referred to House Committee on Ways and Means. | House | Rep. Burke, James A. [D-MA-11] | MA | D | B001092 | 0 | Exempts, under the Internal Revenue Code, automobile bus chassis or bodies which are to be used predominantly by the purchaser in public passenger transportation service from the manufacturer's excise tax (previously exempted only those bus bodies to be used predominantly in mass transportation service in urban areas). Sets forth the effective date of this Act, with special provision for payments made under leases, installment contracts, conditional sales, and chattel mortgage arrangements. (Amends 26 U.S.C. 4063 (a)(6)) | 2024-08-01T18:39:18Z | |
| 93-hr-17394 | 93 | hr | 17394 | A bill to amend the Internal Revenue Code of 1954 to remove the penalty for the underpayment of estimated tax in the case where the underpayment is due to income attributable to a new business started by the taxpayer during the taxable year. | Taxation | 1974-10-16 | 1974-10-16 | Referred to House Committee on Ways and Means. | House | Rep. Froehlich, Harold V. [R-WI-8] | WI | R | F000388 | 0 | Removes the penalty under the Internal Revenue Code for the underpayment of estimated tax in the case where the underpayment is due to income attributable to a new business started by the taxpayer during the taxable year. | 2024-08-01T18:39:20Z | |
| 93-hr-17411 | 93 | hr | 17411 | A bill to exclude from gross income the first $1,000 of interest received from savings account deposits in home lending institutions. | Taxation | 1974-10-16 | 1974-10-16 | Referred to House Committee on Ways and Means. | House | Rep. Daniels, Dominick V. [D-NJ-14] | NJ | D | D000041 | 0 | Excludes from gross income the first $1,000 of interest or dividends received from savings account deposits in savings and loan institutions and other savings institutions chartered and supervised under Federal or State law. | 2024-08-01T18:39:20Z | |
| 93-hr-17416 | 93 | hr | 17416 | A bill to extend to all unmarried individuals the full tax benefits of income splitting now enjoyed by married individual filing joint returns; and to remove rate inequities for married persons where both are employed. | Taxation | 1974-10-16 | 1974-10-16 | Referred to House Committee on Ways and Means. | House | Rep. Heckler, Margaret M. [R-MA-10] | MA | R | H000440 | 0 | Extends to all unmarried individuals the income tax benefits of income splitting enjoyed by married individuals filing joint returns. States that, in the case of married individuals who do not make a single joint income tax return, amounts received for services performed by either spouse shall be taken into account by the spouse who performed the services and shall not be taken into account by the other spouse. | 2024-08-01T18:39:20Z | |
| 93-hr-17421 | 93 | hr | 17421 | A bill to amend the Internal Revenue Code of 1954 to increase the exemption for purposes of the Federal estate tax, to increase the estate tax marital deduction, and to provide an alternate method of valuing certain real property for estate tax purposes. | Taxation | 1974-10-16 | 1974-10-16 | Referred to House Committee on Ways and Means. | House | Rep. Sebelius, Keith G. [R-KS-1] | KS | R | S000217 | 0 | Increases the exemption for the Federal estate tax from $60,000 to $200,000. Limits the aggregate deduction for value of property passed to a surviving spouse to $100,000, plus 50 percent of the value of the adjusted gross estate. Allows an estate executor to determine the value of any real property in an estate by its use for farmland, woodland, or scenic open space. | 2024-08-01T18:39:19Z | |
| 93-s-4142 | 93 | s | 4142 | Inflation Control Act | Taxation | 1974-10-16 | 1974-10-16 | Referred to Senate Committee on Finance. | Senate | Sen. Bayh, Birch [D-IN] | IN | D | B000254 | 0 | Inflation Control Act - Limits the type of gas wells eligible for the depletion allowance, under the Internal Revenue Code, to wells producing regulated natural gas, to the extent of such production, and wells producing natural gas sold under a fixed contract, to the extent of such production. States that if the taxpayer elects the application of this subsection, then with respect to so much of his average daily production of domestic crude oil as does not exceed 3,000 barrels, the percentage depletion rate shall be 15 percent in the case of gross income from the property before January 1, 1979. Provides that, except as specified in this Act, at the election of the taxpayer there shall be allowed as a deduction in computing taxable income expenditures paid or incurred during the taxable year for the exploration or development of any mineral property (including an oil or gas well). States that the aggregate of the deductions allowable under this Act for any taxable year shall not exceed the taxpayer's aggregate taxable income from all mineral properties located within the United States. Terminates the deduction for mine development and exploration as of December 31, 1973. Provides that in the case of tax paid or accrued to any foreign country with respect to income derived from the extraction, production, transportation, or refining of oil or gas in such country, the term "income, war profits, and excess profits" does not include any royalty, bonus, or other payment which does not constitute the payment of a bona fide Federal or National income tax, as determined by the Secretary or his delegate. Terminates the designation of any corporation as a domestic international sales corporation as of December 31, 1973. Imposes a tax, with respect to income of every person, equal to 10 percent of the amount (if any) by which the sum of the items of tax preference exceeds the excludable amount. | 2025-09-03T12:53:24Z | |
| 93-hr-17363 | 93 | hr | 17363 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer. | Taxation | 1974-10-15 | 1974-10-15 | Referred to House Committee on Ways and Means. | House | Rep. Brotzman, Donald G. [R-CO-2] | CO | R | B000893 | 23 | Excludes from gross income, under the Internal Revenue Code, the first $500 of interest on deposits in savings institutions, banks, and credit unions. | 2024-08-01T18:39:19Z | |
| 93-hr-17364 | 93 | hr | 17364 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer. | Taxation | 1974-10-15 | 1974-10-15 | Referred to House Committee on Ways and Means. | House | Rep. Brotzman, Donald G. [R-CO-2] | CO | R | B000893 | 12 | Excludes from gross income, under the Internal Revenue Code, the first $500 of interest on deposits in savings institutions, banks, and credit unions. | 2024-08-01T18:39:19Z | |
| 93-hr-17366 | 93 | hr | 17366 | A bill to amend the Internal Revenue Code of 1954 to permit an exemption of the first $5,000 of retirement income received by a taxpayer under a public retirement system. | Taxation | 1974-10-15 | 1974-10-15 | Referred to House Committee on Ways and Means. | House | Rep. Cochran, Thad [R-MS-4] | MS | R | C000567 | 0 | Permits an income tax exclusion under the Internal Revenue Code of the first $5,000 of retirement income received by a taxpayer under a public retirement system. | 2024-08-01T18:39:19Z | |
| 93-hr-17367 | 93 | hr | 17367 | Anti-Inflation Tax Reform Act | Taxation | 1974-10-15 | 1974-10-15 | Referred to House Committee on Ways and Means. | House | Rep. Cotter, William R. [D-CT-1] | CT | D | C000799 | 0 | Title I: Income Tax Relief for Individuals - Anti-Inflation Tax Reform Act - Provides, under the Internal Revenue Code, that the percentage standard deduction shall be 17 percent of adjusted gross income but not to exceed $2,500 ($1,250 in the case of a separate return by a married individual). Sets the low income allowance at $1,500 in the case of a married individual who files a joint return. Allows a tax credit for individuals 65 and over. Allows a tax deduction for the employment-related expenses for household and dependent care services. Limits such deduction to $2,400 where there is one qualifying dependent. Limits such deduction where adjusted gross income exceeds $18,000. Title II: Income Tax Reform Amendments - Limits the percentage depletion allowance to oil and gas wells producing regulated natural gas, to the extent of such production, and wells producing natural gas sold under a fixed contract to the extent of such production. Repeals the deduction for intangible drilling and development costs for oil and gas wells. States that in the case of tax paid or accrued to any foreign country with respect to income derived from the extraction, production, transportation, or refining of oil or gas in such country, the terms "income, war profits, and excess profits tax" do not include any royalty, bonus, or other payment which does not constitute the payment of a bona fide Federal or National income tax. Eliminates the designation of a corporation as a Dometic International Sales Corporation (DISC), as of December 31, 1973. Imposes for each taxable year with respect to the income of every person, a tax equal to 10 percent of the amount (if any) by which the sum of the items of tax preference exceeds the excludable amount. Repeals provisions of the Internal Revenue Code providing an exemption to farmers' cooperatives. Allows an income tax exclusion of up to $300 for dividends from cooperatives. Provides that in the case of an individual trust, estate, an electing small business corporation or a professional … | 2025-09-03T12:50:24Z | |
| 93-hr-17368 | 93 | hr | 17368 | A bill to exclude from gross income the first $1,000 of interest received from savings account deposits in home lending institutions. | Taxation | 1974-10-15 | 1974-10-15 | Referred to House Committee on Ways and Means. | House | Rep. Coughlin, Lawrence [R-PA-13] | PA | R | C000807 | 0 | Excludes from gross income the first $1,000 of interest or dividends received from savings account deposits in savings and loan institutions and other savings institutions chartered and supervised under Federal or State law. | 2024-08-01T18:39:19Z | |
| 93-hr-17369 | 93 | hr | 17369 | A bill to amend the Internal Revenue Code of 1954 to provide than an individual who suffers a casualty loss as a result of a major disaster may disregard the amount of any grant or cancellation of loan under a State disaster assistance program for purposes of determining the amount of that individual's casualty loss deduction and of determining his gross income. | Taxation | 1974-10-15 | 1974-10-15 | Referred to House Committee on Ways and Means. | House | Rep. Flood, Daniel J. [D-PA-11] | PA | D | F000209 | 0 | Provides that an individual who suffers a casualty loss as a result of a major disaster may disregard the amount of any grant or cancellation of loan under a State disaster assistance program for purposes of determining the amount of that individual's casualty loss deduction and of determining his gross income under the Internal Revenue Code. | 2024-08-01T18:39:19Z | |
| 93-hr-17317 | 93 | hr | 17317 | A bill to amend the Internal Revenue Code of 1954 to allow the deduction of certain expenditures for food and lodging primarily for medical care. | Taxation | 1974-10-11 | 1974-10-11 | Referred to House Committee on Ways and Means. | House | Rep. Eilberg, Joshua [D-PA-4] | PA | D | E000096 | 0 | Allows an income tax deduction under the Internal Revenue Code for expenditures for for food and lodging primarily for medical care up to 21 days. | 2024-08-01T18:39:11Z | |
| 93-hr-17324 | 93 | hr | 17324 | A bill to amend the Internal Revenue Code of 1954 to increase the excise tax on cigarettes, and to amend the Public Health Service Act to establish a trust fund to be used to fund the research programs of the National Cancer Institute. | Taxation | 1974-10-11 | 1974-10-11 | Referred to House Committee on Ways and Means. | House | Rep. Koch, Edward I. [D-NY-18] | NY | D | K000302 | 7 | Increases the excise tax on small cigarettes, weighing 3 pounds or less per thousand, to $4 per thousand plus an additional $1 per thousand, and that on large cigarettes, weighing over 3 pound per thousand, to $8.40 per thousand plus an additional $2.10 per thousand, effective June 30, 1975. (Amends 26 U.S.C. 5701 (b)) Establishes the National Cancer Research Fund to be used to fund the research programs of the National Cancer Institute. Provides that, beginning with fiscal year 1976, there shall be appropriated to the trust fund amounts equivalent to the additional tax on cigarettes imposed by this Act. Authorizes appropriations to the trust fund from the general fund of the Treasury through September 30, 1977. | 2024-08-01T18:39:11Z | |
| 93-hr-17333 | 93 | hr | 17333 | A bill to amend the Internal Revenue Code of 1964 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer. | Taxation | 1974-10-11 | 1974-10-11 | Referred to House Committee on Ways and Means. | House | Rep. Price, Robert D. [R-TX-13] | TX | R | P000528 | 0 | Excludes from gross income, under the Internal Revenue Code, the first $500 of interest on deposits in savings institutions, banks, and credit unions. | 2024-08-01T18:39:19Z | |
| 93-hr-17341 | 93 | hr | 17341 | A bill to amend the Internal Revenue Code of 1954 to provide relief to certain individuals 62 years of age and over who own or rent their homes, through a system of income tax credits and refunds. | Taxation | 1974-10-11 | 1974-10-11 | Referred to House Committee on Ways and Means. | House | Rep. St Germain, Fernand J. [D-RI-1] | RI | D | S000762 | 0 | Allows an income tax credit under the Internal Revenue Code to a claimant who is domiciled in the United States and 62 years of age for a taxable year for the property taxes accrued or 25 percent of the gross rent actually paid by a household solely for its right of occupancy for such taxable year, or both. Sets forth a table of claims allowed under the provisions of this Act, based on household income and taxes paid. Directs the Secretary of the Treasury to make available suitable forms with instructions for claimants, including a form which may be included with or a part of the individual income tax form. Allows any person aggrieved by the denial in whole or in part of relief to appeal such denial to the Tax Court by filing a petition with such court within 30 days after such denial. (Adds 26 U.S.C. 1601-1605) | 2024-08-01T18:39:19Z | |
| 93-hr-17349 | 93 | hr | 17349 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the interest paid or accrued on a deposit or account in a bank or other savings institution to the extend that the amount of such interest does not exceed the amount of interest which would have been paid or accrued on such deposit or account if the rate of interest on such deposit or account had been the inflation rate. | Taxation | 1974-10-11 | 1974-10-11 | Referred to House Committee on Ways and Means. | House | Rep. Treen, David C. [R-LA-3] | LA | R | T000362 | 0 | Excludes from gross income, under the Internal Revenue Code, the interest paid or accrued on a deposit or account in a bank or other savings institution to the extent that the amount of such interest does not exceed the amount of interest which would have been paid or accrued on such deposit or account if the rate of interest on such deposit or account had been the inflation rate. | 2024-08-01T18:39:19Z | |
| 93-s-4134 | 93 | s | 4134 | A bill to amend the Internal Revenue Code of 1954 to provide that an individual who suffers a casualty loss as a result of a major disaster may disregard the amount of any grant or cancellation of loan under a State disaster assistance program for purposes of determining the amount of that individual's casualty loss deduction and of determining his gross income. | Taxation | 1974-10-11 | 1974-10-11 | Referred to Senate Committee on Finance. | Senate | Sen. Schweiker, Richard S. [R-PA] | PA | R | S000159 | 1 | Provides that an individual who suffers a casualty loss as a result of a major disaster may disregard the amount of any grant or cancellation of loan under a State disaster assistance program for purposes of determining the amount of that individual's casualty loss deduction and of determining his gross income under the Internal Revenue Code. | 2024-08-01T18:43:22Z | |
| 93-s-4136 | 93 | s | 4136 | Tax Equity Act | Taxation | 1974-10-11 | 1974-10-11 | Referred to Senate Committee on Finance. | Senate | Sen. Humphrey, Hubert H. [D-MN] | MN | D | H000953 | 0 | Tax Equity Act - Allows a tax credit, under the Internal Revenue Code, of $170 multiplied by the number of exemptions to which the taxpayer is entitled under the personal exemptions provisions. Allows a tax credit for low-income workers equal to the applicable percentage of the social security taxes with respect to wages received. Provides for an advanced refund of tax credits to low-income workers with families. Eliminates the designation of a corporation as a Domestic International Sales Corporation (DISC) under the Internal Revenue Code. Repeals the percentage depletion allowance for foreign oil and gas wells. Repeals the deduction for intangible drilling and development expenses related to foreign oil and gas wells. Reduces the amount allowable as a foreign tax on oil and gas wells for purposes of determining the credit for such tax. Provides for separate application of the provisions relating to limitation of tax credits for foreign income, as they pertain to foreign oil-related income and other taxable income. Sets forth a formula for recapture of foreign oil-related losses. Extends the carrybacks from 1977, 1978, or 1979 of foreign taxes attributable to foreign oil-related income. Phases out the percentage depletion allowance as of 1975, with specified exceptions for domestic production under 3,000 barrels a day, and for stripper wells. Allows the 22-percent depletion for regulated and fixed-contract natural gas, with the exception of regulated natural gas where it exceeds a specified price. Allows the 22-percent depletion for geothermal energy. Increases the minimum tax for tax preferences. | 2025-09-03T12:53:16Z | |
| 93-hr-17224 | 93 | hr | 17224 | A bill to amend the Internal Revenue Code of 1954 to allow certain individuals a deduction for the expenses of operating a motor vehicle to transport their children to public schools. | Taxation | 1974-10-10 | 1974-10-10 | Referred to House Committee on Ways and Means. | House | Rep. Ashbrook, John M. [R-OH-17] | OH | R | A000221 | 0 | Allows qualified individuals a tax deduction under the Internal Revenue Code for the expenses of operating a motor vehicle to transport their children to public schools. | 2024-08-01T18:39:11Z | |
| 93-hr-17230 | 93 | hr | 17230 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer. | Taxation | 1974-10-10 | 1974-10-10 | Referred to House Committee on Ways and Means. | House | Rep. Froehlich, Harold V. [R-WI-8] | WI | R | F000388 | 0 | Excludes from gross income, under the Internal Revenue Code, the first $500 of interest on deposits in savings institutions, banks, and credit unions. | 2024-08-01T18:39:11Z | |
| 93-hr-17263 | 93 | hr | 17263 | A bill to amend the Internal Revenue Code of 1954 to increase the excise tax on cigarettes. | Taxation | 1974-10-10 | 1974-10-10 | Referred to House Committee on Ways and Means. | House | Rep. Denholm, Frank E. [D-SD-1] | SD | D | D000234 | 0 | Increases the excise tax on small cigarettes, weighing 3 pounds per thousand, to $4 per thousand plus an additional $1 per thousand, and on large cigarettes, weighing more than 3 pounds per thousand, to $8.40 per thousand plus an additional $2.10 per thousand. (Amends 26 U.S.C. 5701 (b)) | 2024-08-01T18:39:11Z | |
| 93-hr-17272 | 93 | hr | 17272 | A bill to exclude from gross income the first $1,000 of interest received from savings account deposits in home lending institutions. | Taxation | 1974-10-10 | 1974-10-10 | Referred to House Committee on Ways and Means. | House | Rep. Kemp, Jack [R-NY-38] | NY | R | K000086 | 0 | Excludes from gross income the first $1,000 of interest or dividends received from savings account deposits in savings and loan institutions and other savings institutions chartered and supervised under Federal or State law. | 2024-08-01T18:39:10Z | |
| 93-hr-17284 | 93 | hr | 17284 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer. | Taxation | 1974-10-10 | 1974-10-10 | Referred to House Committee on Ways and Means. | House | Rep. Rousselot, John H. [R-CA-24] | CA | R | R000469 | 1 | Excludes from gross income, under the Internal Revenue Code, the first $500 of interest on deposits in savings institutions, banks, and credit unions. | 2024-08-01T18:39:11Z | |
| 93-hr-17285 | 93 | hr | 17285 | A bill to amend the Internal Revenue Code of 1954 to restrict the authority for inspection of returns and the disclosure of information with respect thereto, and for other purposes. | Taxation | 1974-10-10 | 1974-10-10 | Referred to House Committee on Ways and Means. | House | Rep. Schneebeli, Herman T. [R-PA-17] | PA | R | S000135 | 0 | States that income tax returns and return information shall be confidential. Defines returns and return information for purposes of this Act. Permits the inspection of returns and return information by individuals filing such returns by State tax officials, corporation officials, trustees, estate administrators, and by the House Ways and Committee, the Senate Finance Committee, and the Joint Committee on Internal Revenue Taxation upon request and in closed session. Permits the inspection by other committees if authorized by resolution. Allows the inspection of returns and return information by the President or his designees upon his order, and by Justice Department attorneys, without request, for use in relevant proceedings under the tax laws. Allows such inspection, under specified conditions, by the Commerce Department for statistical purposes and by other executive officials for administrative or judicial proceedings other than under the tax laws. Conditions the foregoing inspections upon whether: (1) the taxpayer is a party to the proceedings; (2) the taxpayer consents; or (3) such return information has or may have a bearing on the outcome of such proceedings. Allows qualified inspection of return information by authorized executive officials for purposes of assessing persons being considered for appointments. Authorizes the disclosure of return information to the Attorney General when such information indicates possible criminal violations. Sets forth procedures for disclosure and inspection of return information, including maintenance of a record of who inspects such return. Establishes penalties for unauthorized disclosure of return information. | 2024-08-01T18:39:11Z | |
| 93-s-4116 | 93 | s | 4116 | A bill to amend the Internal Revenue Code of 1954 to restrict the authority for inspection of returns and the disclosure of information with respect thereto. | Taxation | 1974-10-10 | 1974-10-10 | Referred to Senate Committee on Finance. | Senate | Sen. Bennett, Wallace F. [R-UT] | UT | R | B000384 | 0 | States that income tax returns and return information shall be confidential. Defines returns and return information for purposes of this Act. Permits the inspection of returns and return information by individuals filing such returns by State tax officials, corporation officials, trustees, estate administrators, and by the House Ways and Means Committee, the Senate Finance Committee, and the Joint Committee on Internal Revenue Taxation upon request and in closed session. Permits the inspection by other committees if authorized by resolution. Allows the inspection of returns and return information by the President or his designees upon his order, and by Justice Department attorneys, without request, for use in relevant proceedings under the tax laws. Allows such inspection, under specified conditions, by the Commerce Department for statistical purposes and by other executive officials for administrative or judicial proceedings other than under the tax laws. Conditions the foregoing inspections upon whether: (1) the taxpayer is a party to the proceedings; (2) the taxpayer consents; or (3) such return information has or may have a bearing on the outcome of such proceedings. Allows qualified inspection of return information by authorized executive officials for purposes of assessing persons being considered for appointments. Authorizes the disclosure of return information to the Attorney General when such information indicates possible criminal violations. Sets forth procedures for disclosure and inspection of return information, including maintenance of a record of who inspects such returns. Establishes penalties for unauthorized disclosure of return information. | 2024-08-01T18:43:13Z | |
| 93-s-4117 | 93 | s | 4117 | Anti-Inflation Tax Reform Act | Taxation | 1974-10-10 | 1974-10-10 | Referred to Senate Committee on Finance. | Senate | Sen. Ribicoff, Abraham A. [D-CT] | CT | D | R000191 | 1 | Anti-Inflation Tax Reform Act - Title I: Income Tax Relief for Individuals - Provides, under the Internal Revenue Code, that the percentage standard deduction shall be 17 percent of adjusted gross income but not to exceed $2,500 ($1,250 in the case of a separate return by a married individual). Sets the low income allowance at $1,500 in the case of a married individual who files a joint return. Allows a tax credit for individuals 65 and over. Allows a tax deduction for the employment-related expenses for household and dependent care services. Limits such deduction to $2,400 where there is one qualifying dependent. Limits such deduction where adjusted gross income exceeds $18,000. Title II: Income Tax Reform Amendments - Limits the percentage depletion allowance to oil and gas wells producing regulated natural gas, to the extent of such production, and wells producing natural gas sold under a fixed contract to the extent of such production. Repeals the deduction for intangible drilling and development costs for oil and gas wells. States that in the case of tax paid or accrued to any foreign country with respect to income derived from the extraction, production, transportation, or refining of oil or gas in such country, the term "income, war profits, and excess profits tax" does not include any royalty, bonus, or other payment which does not constitute the payment of a bona fide Federal or National income tax. Eliminates the designation of a corporation as a Domestic International Sales Corporation (DISC) as of December 31, 1973. Imposes for each taxable year with respect to income of every person, a tax equal to 10 percent of the amount (if any) by which the sum of the items of tax preference exceeds the excludable amount. Repeals provisions of the Internal Revenue Code providing an exemption to farmers' cooperatives. Allows an income tax exclusion of up to $300 for dividends from cooperatives. Provides that in the case of an individual trust, estate, an electing small business corporation or a professional se… | 2025-09-03T12:53:16Z | |
| 93-s-4122 | 93 | s | 4122 | A bill to provide a more equitable method of computing an individual's income tax liability by allowing a graduated credit instead of a deduction for each personal exemption. | Taxation | 1974-10-10 | 1974-10-10 | Referred to Senate Committee on Finance. | Senate | Sen. Hathaway, William D. [D-ME] | ME | D | H000346 | 0 | Allows a graduated tax credit (in lieu of a tax deduction) for each personal exemption allowed under the Internal Revenue Code. Sets forth a tabular schedule for such graduated tax credit. | 2024-08-01T18:43:22Z | |
| 93-s-4123 | 93 | s | 4123 | A bill to amend the Internal Revenue Code of 1954 to provide for a graduated credit, in lieu of a deduction, for interest paid on a mortgage on a taxpayer's principal residence and for the real property taxes paid on such principal residence. | Taxation | 1974-10-10 | 1974-10-10 | Referred to Senate Committee on Finance. | Senate | Sen. Hathaway, William D. [D-ME] | ME | D | H000346 | 0 | Provides for a graduated tax credit, under the Internal Revenue Code, (in lieu of a tax deduction) expressed as a percentage of the interest paid on a mortgage on a taxpayer's principal residence and for the real property taxes paid on such principal residence. Defines the applicable percentage as 30 percent less .05 percent for every $500 by which income exceeds $20,000. | 2024-08-01T18:43:14Z | |
| 93-s-4124 | 93 | s | 4124 | A bill to amend the Internal Revenue Code of 1954 to provide for a 30 percent credit, in lieu of an exemption, for the interest on certain governmental obligations. | Taxation | 1974-10-10 | 1974-10-10 | Referred to Senate Committee on Finance. | Senate | Sen. Hathaway, William D. [D-ME] | ME | D | H000346 | 0 | Allows an income credit, under the Internal Revenue Code, equal to 30 percent of the interest on: (1) the obligations of a State, a territory, or a possession of the United States, or any political subdivision of any of the foregoing, or of the District of Columbia; and (2) the obligations of the United States (with exceptions specified in this Act). Excepts industrial development bonds from such provision, except as provided in this Act for residential real property for family units, sports facilities, airports, docks, mass commuting facilities, parking facilities, sewage or solid waste disposal facilities, air or water pollution control facilities, industrial parks, and issues for $1,000,000 or less which are to be used for acquisition, construction, or improvement of property subject to the depreciation allowance. Allows the small-issue face amount to be $5,000,000, under specified conditions, which shall take into account capital expenditures to replace property destroyed by disasters. Excepts arbitrage bonds from such tax credit provision. | 2024-08-01T18:43:14Z | |
| 93-s-4125 | 93 | s | 4125 | A bill to provide a limit on tax preferences and for the allocation of deductions. | Taxation | 1974-10-10 | 1974-10-10 | Referred to Senate Committee on Finance. | Senate | Sen. Hathaway, William D. [D-ME] | ME | D | H000346 | 0 | Includes the amount of disallowed tax preferences as gross income under the Internal Revenue Code. Defines the amount of disallowed tax preferences as the amount by which the sum of the items of tax preference exceeds the limit on tax preferences. Identifies tax preferences as charitable contributions of appreciated property, accelerated depreciation, interest on various governmental obligations, farm losses, and capital gains. Limits tax preferences to an amount equal to the greater of one-half of the sum of the items of tax preference and the adjusted gross income computed as specified; or $10,000. Provides that when disallowed tax preferences are included in gross income, the amount shall be allowed as a deduction in each of the five succeeding taxable years. States that if a taxpayer has allocable expenses for a taxable year, the deduction otherwise allowable under this Act for such expenses shall be disallowed to the extent of an amount equal to the lesser of the aggregate of such expenses multiplied by a specified fraction, or the allowable tax preference. Defines, for purposes of determining allocable deductions, the nature of allocable expenses and allowable tax preferences (including depletion and intangible drilling and development costs). | 2024-08-01T18:43:14Z | |
| 93-hr-17179 | 93 | hr | 17179 | A bill to amend the Internal Revenue Code of 1954 to increase the excise tax on cigarettes, and to amend the Public Health Service Act to increase the authorization for appropriations for the National Heart and Lung Institute by amounts equal to the increase in receipts from such tax. | Taxation | 1974-10-09 | 1974-10-09 | Referred to House Committee on Ways and Means. | House | Rep. Drinan, Robert F. [D-MA-4] | MA | D | D000499 | 0 | Imposes increased taxes, under the Internal Revenue Code, on cigarettes of $0.50 more per thousand on small cigarettes and $1.05 more per thousand on large cigarettes, the proceeds, coupled with additional appropriation authorizations, to be used in part for programs respecting lung and blood diseases. | 2024-08-01T18:39:03Z | |
| 93-hr-17180 | 93 | hr | 17180 | A bill to amend the Internal Revenue Code of 1954 to allow certain individuals who have attained age 65 or who are disabled a refundable tax credit for property taxes paid by them on their principal residences or for a certain portion of the rent they pay for their principal residences. | Taxation | 1974-10-09 | 1974-10-09 | Referred to House Committee on Ways and Means. | House | Rep. Forsythe, Edwin B. [R-NJ-6] | NJ | R | F000286 | 0 | Allows a tax credit, under the Internal Revenue Code, equal to the amount of real property taxes paid or accrued by a taxpayer during the taxable year which were imposed by a state or political subdivision thereof or property owned and used by him as his principal residence during the taxable property year, and the amount of rent constituting real property taxes paid or incurred by him during the taxable year. Defines an eligible individual, for such credit, as an individual who has attained age 65 before the close of the taxable year; who is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or has lasted or can be expected to last for a continuous period of not less than 12 months; or who is blind. Limits such credit for any taxable year to $500 ($250 in the case of a separate return by a married individual). Reduces such credit for any taxable year by an amount equal to 10 percent of the excess (if any) of the adjusted gross income of the taxpayer over $9,000 ($4,500 in the case of a separate return by a married individual). Provides that for purposes of this Act an individual who is a tenant-stockholder in a cooperative housing corporation shall be treated as owning the house or apartment which he is entitled to occupy by reason of his ownership of stock in such corporation, and shall be treated as having paid real property taxes during the taxable year equal to his proportionate share of such taxes paid or incurred by such corporation. | 2024-08-01T18:39:10Z | |
| 93-hr-17183 | 93 | hr | 17183 | A bill to amend the Internal Revenue Code of 1954 to provide individuals a limited exclusion from gross income for interest on deposits in certain savings institutions. | Taxation | 1974-10-09 | 1974-10-09 | Referred to House Committee on Ways and Means. | House | Rep. Long, Clarence D. [D-MD-2] | MD | D | L000413 | 1 | Allows an income tax exclusion under the Internal Revenue Code for interest on deposits in banks, savings institutions, and credit unions. Limits such tax exclusion to $500 ($1000 if a joint return is filed). | 2024-08-01T18:39:03Z | |
| 93-hr-17192 | 93 | hr | 17192 | A bill to amend the Internal Revenue Code of 1954 to provide a trade or business deduction to firemen for meals which they eat while at their post of duty overnight. | Taxation | 1974-10-09 | 1974-10-09 | Referred to House Committee on Ways and Means. | House | Rep. Brinkley, Jack [D-GA-3] | GA | D | B000839 | 0 | Provides a trade or business deduction, under the Internal Revenue Code, to firemen for meals which they eat while at their post of duty overnight. | 2024-08-01T18:39:10Z | |
| 93-hr-17195 | 93 | hr | 17195 | A bill to amend the Internal Revenue Code of 1954 to provide individuals a limited exclusion from gross income for interest on deposits in certain savings institutions. | Taxation | 1974-10-09 | 1974-10-09 | Referred to House Committee on Ways and Means. | House | Rep. Derwinski, Edward J. [R-IL-4] | IL | R | D000269 | 0 | Allows an income tax exclusion, under the Internal Revenue Code, of up to $500 ($1000 if a joint return if filed) for interest on deposits in banks, savings and loan associations, credit unions, and other savings institutions. | 2024-08-01T18:39:10Z | |
| 93-hr-17212 | 93 | hr | 17212 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer. | Taxation | 1974-10-09 | 1974-10-09 | Referred to House Committee on Ways and Means. | House | Rep. Rousselot, John H. [R-CA-24] | CA | R | R000469 | 0 | Excludes from gross income, under the Internal Revenue Code, the first $500 of interest on deposits in savings institutions, banks, and credit unions. | 2024-08-01T18:39:10Z | |
| 93-hr-17213 | 93 | hr | 17213 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $1,000 of interest on savings in the case of an individual taxpayer. | Taxation | 1974-10-09 | 1974-10-09 | Referred to House Committee on Ways and Means. | House | Rep. Rousselot, John H. [R-CA-24] | CA | R | R000469 | 0 | Excludes from gross income the first $1,000 of interest and dividends on savings deposits or withdrawal accounts in a domestic savings and loan association, bank, credit union, or similar thrift institution in the case of an individual taxpayer under the Internal Revenue Code of 1954. | 2024-08-01T18:39:10Z | |
| 93-hr-17137 | 93 | hr | 17137 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $1,000 of interest on savings in the case of an individual taxpayer. | Taxation | 1974-10-08 | 1974-10-08 | Referred to House Committee on Ways and Means. | House | Rep. Wampler, William C. [R-VA-9] | VA | R | W000121 | 0 | Excludes from gross income the first $1,000 of interest and dividends on savings deposits or withdrawal accounts in a domestic savings and loan association, bank, credit union, or similar thrift institution in the case of an individual taxpayer under the Internal Revenue Code of 1954. | 2024-08-01T18:39:03Z | |
| 93-hr-17138 | 93 | hr | 17138 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the interest on deposits in certain savings institutions. | Taxation | 1974-10-08 | 1974-10-08 | Referred to House Committee on Ways and Means. | House | Rep. Wolff, Lester L. [D-NY-6] | NY | D | W000680 | 1 | Excludes from gross income, under the Internal Revenue Code, the interest on deposits in qualified savings institutions and credit unions. Limits such tax exclusion to $400 for an individual during a calendar year. | 2024-08-01T18:39:10Z | |
| 93-hr-17142 | 93 | hr | 17142 | A bill to amend the Internal Revenue Code of 1954 to eliminate the percentage oil and gas depletion allowance. | Taxation | 1974-10-08 | 1974-10-08 | Referred to House Committee on Ways and Means. | House | Rep. Brademas, John [D-IN-3] | IN | D | B000736 | 0 | Eliminates under the Internal Revenue Code of 1954 the percentage oil and gas depletion allowance for taxable years ending on or before December 31, 1974. (Amends 26 U.S.C. 613(b)(1)(A)) | 2024-08-01T18:39:10Z | |
| 93-hr-17143 | 93 | hr | 17143 | A bill to amend the Internal Revenue Code of 1954 to encourage greater conservation of energy in home heating and cooling by providing an income tax deduction for expenditures made for more effective insulation and heating equipment in residential structures. | Taxation | 1974-10-08 | 1974-10-08 | Referred to House Committee on Ways and Means. | House | Rep. Cohen, William S. [R-ME-2] | ME | R | C000598 | 1 | Allows an income tax deduction, under the Internal Revenue Code, for expenditures made for more effective insulation and heating equipment in residential structures. Sets forth standards for qualified insulative materials and qualified heating materials under this Act. | 2024-08-01T18:39:03Z | |
| 93-hr-17149 | 93 | hr | 17149 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the interest on deposits in certain savings institutions. | Taxation | 1974-10-08 | 1974-10-08 | Referred to House Committee on Ways and Means. | House | Rep. Fish, Hamilton, Jr. [R-NY-25] | NY | R | F000141 | 0 | Allows an income tax exclusion under the Internal Revenue Code for the interest on deposits in banks, savings institutions, and credit unions. Limits such tax exclusion to $500 ($1,000 if a joint return is filed). | 2024-08-01T18:39:03Z | |
| 93-hr-17153 | 93 | hr | 17153 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer. | Taxation | 1974-10-08 | 1974-10-08 | Referred to House Committee on Ways and Means. | House | Rep. Hunt, John E. [R-NJ-1] | NJ | R | H000972 | 0 | Excludes from gross income, under the Internal Revenue Code, the first $500 of interest on deposits in savings institutions, banks, and credit unions. | 2024-08-01T18:39:10Z | |
| 93-hr-17168 | 93 | hr | 17168 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer. | Taxation | 1974-10-08 | 1974-10-08 | Referred to House Committee on Ways and Means. | House | Rep. Wilson, Robert C. [R-CA-40] | CA | R | W000610 | 0 | Excludes from gross income, under the Internal Revenue Code, the first $500 of interest on deposits in savings institutions, banks, and credit unions. | 2024-08-01T18:39:03Z | |
| 93-hr-17170 | 93 | hr | 17170 | A bill to prohibit any State from imposing a tax on the income derived by any individual from services in a Federal area within such State if such individual is not a resident or domiciliary of such State or of any other State which imposes a tax on income. | Taxation | 1974-10-08 | 1974-10-08 | Referred to House Committee on Judiciary. | House | Rep. Wyman, Louis C. [R-NH-1] | NH | R | W000782 | 0 | Prohibits any State from imposing a tax on the income derived by any individual from services in a Federal area within such State if such individual is not a resident or domiciliary of such State or of any other State which imposes a tax on income. (Amends 4 U.S.C. 106 (b)). | 2024-08-01T18:39:03Z | |
| 93-hr-17171 | 93 | hr | 17171 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer. | Taxation | 1974-10-08 | 1974-10-08 | Referred to House Committee on Ways and Means. | House | Rep. Young, Samuel H. [R-IL-10] | IL | R | Y000052 | 0 | Excludes from gross income, under the Internal Revenue Code, the first $500 of interest on deposits in savings institutions, banks, and credit unions. | 2024-08-01T18:39:03Z | |
| 93-s-4099 | 93 | s | 4099 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income interest on not more than $10,000 of long-term savings deposited with a savings and loan association. | Taxation | 1974-10-08 | 1974-10-08 | Referred to Senate Committee on Finance. | Senate | Sen. Scott, Hugh [R-PA] | PA | R | S000174 | 0 | Allows a tax exclusion, under the Internal Revenue Code, for interest or dividends on savings accounts not in excess of $10,000, deposited in savings and loan associations. | 2024-08-01T18:43:13Z | |
| 93-hr-17093 | 93 | hr | 17093 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer. | Taxation | 1974-10-07 | 1974-10-07 | Referred to House Committee on Ways and Means. | House | Rep. Devine, Samuel L. [R-OH-12] | OH | R | D000279 | 0 | Excludes from gross income, under the Internal Revenue Code, the first $500 of interest on deposits in savings institutions, banks, and credit unions. | 2024-08-01T18:39:02Z | |
| 93-hr-17098 | 93 | hr | 17098 | A bill to amend the Internal Revenue Code of 1954 to allow a credit against the tax imposed on interest on savings. | Taxation | 1974-10-07 | 1974-10-07 | Referred to House Committee on Ways and Means. | House | Rep. Heckler, Margaret M. [R-MA-10] | MA | R | H000440 | 0 | Allows an income tax credit of up to $1000, under the Internal Revenue Code, for dividends or interest on savings accounts in banks, savings and loan associations, and credit unions. | 2024-08-01T18:39:03Z | |
| 93-hr-17103 | 93 | hr | 17103 | A bill to repeal the foreign tax credit allowed corporations. | Taxation | 1974-10-07 | 1974-10-07 | Referred to House Committee on Ways and Means. | House | Rep. McDade, Joseph M. [R-PA-10] | PA | R | M000399 | 0 | Repeals the allowance of a tax credit under the Internal Revenue Code to corporations for taxes paid to foreign countries or to possessions of the United States. Repeals the allowance of a tax credit to members of partnerships or beneficiaries of trusts or estates for taxes paid or accrued to foreign countries or possessions of the United States. Disallows the treatment of taxes paid by foreign corporations as a dividend received by a domestic corporation from the foreign corporation. Prohibits the use by a corporation of income, war profits, and excess profits taxes as deductions in determining taxable income. Removes the tax credit for taxes imposed by foreign countries or possessions of the United States on domestic insurance companies. Removes the tax credit presently available to corporate stockholders in foreign corporations for income, war profits, or excess profits taxes paid to any foreign country or possession of the United States. Disallows the tax credit presently granted to foreign corporations engaged in a trade or business within the United States for taxes paid to any foreign country or possession of the United States. Removes the tax credit presently granted to domestic corporations for taxes paid by foreign corporations of which at least 10 percent of the voting stock is owned by such domestic corporation. | 2024-08-01T18:39:02Z | |
| 93-hr-17107 | 93 | hr | 17107 | A bill to exclude from gross income the first $1,000 of interest received from savings account deposits in home lending institutions. | Taxation | 1974-10-07 | 1974-10-07 | Referred to House Committee on Ways and Means. | House | Rep. Rinaldo, Matthew J. [R-NJ-12] | NJ | R | R000262 | 0 | Excludes from gross income the first $1,000 of interest or dividends received from savings account deposits in savings and loan institutions and other savings institutions chartered and supervised under Federal or State law. | 2024-08-01T18:39:02Z | |
| 93-hr-17113 | 93 | hr | 17113 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer. | Taxation | 1974-10-07 | 1974-10-07 | Referred to House Committee on Ways and Means. | House | Rep. Wydler, John W. [R-NY-5] | NY | R | W000780 | 0 | Excludes from gross income, under the Internal Revenue Code, the first $500 of interest on deposits in savings institutions, banks, and credit unions. | 2024-08-01T18:39:02Z | |
| 93-hr-17123 | 93 | hr | 17123 | A bill to amend the Internal Revenue Code of 1954 to increase the exemption for purposes of the Federal estate tax, to increase the estate tax marital deduction, and to provide an alternate method of valuing certain real property for estate tax purposes. | Taxation | 1974-10-07 | 1974-10-07 | Referred to House Committee on Ways and Means. | House | Rep. Randall, William J. [D-MO-4] | MO | D | R000041 | 0 | Increases the exemption for the Federal estate tax from $60,000 to $200,000. Limits the aggregate deduction for value of property passed to a surviving spouse to $100,000, plus 50 percent of the value of the adjusted gross estate. Allows an estate executor to determine the value of any real property in an estate by its use for farmland, woodland, or scenic open space. | 2024-08-01T18:39:02Z | |
| 93-s-4094 | 93 | s | 4094 | A bill to provide a tax credit or an exclusion from gross income for certain interest on savings received by individuals. | Taxation | 1974-10-07 | 1974-10-07 | Referred to Senate Committee on Finance. | Senate | Sen. Chiles, Lawton [D-FL] | FL | D | C000356 | 4 | Allows, under the Internal Revenue Code, a tax credit of one-third or up to $260 for interest on savings received from a financial institution; or allows a tax exclusion of up to $1000 for dividends or interest on savings deposits or withdrawable savings received by individuals whose tax rate is 49 percent or less. | 2024-08-01T18:43:22Z | |
| 93-hr-17052 | 93 | hr | 17052 | A bill to amend the Internal Revenue Code of 1954 to extend and liberalize the amortization provisions for pollution control facilities. | Taxation | 1974-10-03 | 1974-10-03 | Referred to House Committee on Ways and Means. | House | Rep. Heinz, John [R-PA-18] | PA | R | H000456 | 0 | Allows the amortization deduction over 36 months for certified pollution control expenditures. Defines such expenditures for purposes of this Act. Prohibits the amortization of such expenditures if the pollution treatment recovers wastes for profit. | 2024-08-01T18:39:02Z | |
| 93-hr-17058 | 93 | hr | 17058 | A bill to amend the Internal Revenue Code of 1954 to provide individuals a limited exclusion from gross income for interest on deposits in certain savings institutions. | Taxation | 1974-10-03 | 1974-10-03 | Referred to House Committee on Ways and Means. | House | Rep. Long, Clarence D. [D-MD-2] | MD | D | L000413 | 9 | Allows an income tax exclusion under the Internal Revenue Code for interest on deposits in banks, savings institutions, and credit unions. Limits such tax exclusion to $500 ($1000 if a joint return is filed). | 2024-08-01T18:39:02Z | |
| 93-hr-17079 | 93 | hr | 17079 | A bill to exclude from gross income the first $1,000 of interest on deposits in savings institutions. | Taxation | 1974-10-03 | 1974-10-03 | Referred to House Committee on Ways and Means. | House | Rep. Mizell, Wilmer [R-NC-5] | NC | R | M000833 | 0 | Excludes from gross income under the Internal Revenue Code the first $1,000 of interest or dividends on deposits in savings institutions. | 2024-08-01T18:39:01Z | |
| 93-hr-17086 | 93 | hr | 17086 | A bill to prohibit the Federal Energy Administration from imposing any tax or fee on gasoline, and for other purposes. | Taxation | 1974-10-03 | 1974-10-03 | Referred to House Committee on Interstate and Foreign Commerce. | House | Rep. Roy, William R. [D-KS-2] | KS | D | R000484 | 0 | Prohibits the Federal Energy Administration from imposing any tax, fee, or charge on gasoline, unless approved by Congress. | 2024-08-01T18:38:58Z | |
| 93-hr-16994 | 93 | hr | 16994 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $500 of interest on savings in the case of an individual taxpayer. | Taxation | 1974-10-02 | 1974-11-26 | Reported to House from the Committee on Ways and Means, H. Rept. 93-1500. | House | Rep. Brotzman, Donald G. [R-CO-2] | CO | R | B000893 | 2 | Excludes from gross income, under the Internal Revenue Code, the first $500 of interest on deposits in savings institutions, banks, and credit unions. | 2024-08-01T18:39:02Z | |
| 93-hr-16996 | 93 | hr | 16996 | A bill to amend the Internal Revenue Code of 1954 to provide that the deduction for charitable contributions shall be allowable whether or not the taxpayer takes the standard deduction. | Taxation | 1974-10-02 | 1974-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Conable, Barber B., Jr. [R-NY-35] | NY | R | C000666 | 0 | Provides that the deduction for charitable contributions under the Internal Revenue Code shall be allowable whether or not the taxpayer takes the standard deduction. | 2024-08-01T18:39:01Z | |
| 93-hr-16998 | 93 | hr | 16998 | A bill to amend the Internal Revenue Code of 1954 to provide for the valuation of a decedent's interest in a closely held business for estate tax purposes. | Taxation | 1974-10-02 | 1974-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Dennis, David W. [R-IN-10] | IN | R | D000241 | 0 | Provides that the value of a decedent's interest in a closely held business shall be determined by either of two methods, at the election of the executor, and within specified limitations. States that the election shall be exercised by the executor not later than the time prescribed for filing the return with respect to the estate tax (including extensions thereof). Defines the terms used in this Act, including "interest in a closely held business," "capitalization factor," and "operating return." (Adds 26 U.S.C. 2031(c)) | 2024-08-01T18:39:03Z | |
| 93-hr-17000 | 93 | hr | 17000 | A bill to prohibit the Federal Energy Administration from imposing any tax or fee on gasoline. | Taxation | 1974-10-02 | 1974-10-02 | Referred to House Committee on Interstate and Foreign Commerce. | House | Rep. Snyder, M. G. (Gene) [R-KY-4] | KY | R | S000669 | 24 | Prohibits the Federal Energy Administration from imposing any tax, fee, or charge on gasoline, unless approved by Congress. | 2024-08-01T18:38:59Z | |
| 93-hr-17001 | 93 | hr | 17001 | A bill to prohibit the Federal Energy Administration from imposing any tax or fee on gasoline. | Taxation | 1974-10-02 | 1974-10-02 | Referred to House Committee on Interstate and Foreign Commerce. | House | Rep. Snyder, M. G. (Gene) [R-KY-4] | KY | R | S000669 | 24 | Prohibits the Federal Energy Administration from imposing any tax, fee, or charge on gasoline, unless approved by Congress. | 2024-08-01T18:38:59Z | |
| 93-hr-17008 | 93 | hr | 17008 | A bill to exclude from gross income the first $1,000 of interest received from savings account deposits in home lending institutions. | Taxation | 1974-10-02 | 1974-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Maraziti, Joseph J. [R-NJ-13] | NJ | R | M000121 | 0 | Excludes from gross income the first $1,000 of interest or dividends received from savings account deposits in savings and loan institutions and other savings institutions chartered and supervised under Federal or State law. | 2024-08-01T18:39:03Z | |
| 93-hr-17020 | 93 | hr | 17020 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $1,000 of interest on savings in the case of an individual taxpayer. | Taxation | 1974-10-02 | 1974-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Wydler, John W. [R-NY-5] | NY | R | W000780 | 0 | Excludes from gross income the first $1,000 of interest and dividends on savings deposits or withdrawal accounts in a domestic savings and loan association, bank, credit union, or similar thrift institution in the case of an individual taxpayer under the Internal Revenue Code of 1954. | 2024-08-01T18:39:01Z | |
| 93-hr-17030 | 93 | hr | 17030 | A bill to prohibit the Federal Energy Administration from imposing any new tax or fee on gasoline. | Taxation | 1974-10-02 | 1974-10-02 | Referred to House Committee on Interstate and Foreign Commerce. | House | Rep. Heckler, Margaret M. [R-MA-10] | MA | R | H000440 | 6 | Prohibits the Federal Energy Administration from imposing any tax, fee, or charge on gasoline, unless approved by Congress. | 2024-08-01T18:38:58Z | |
| 93-hr-17033 | 93 | hr | 17033 | A bill to amend the Internal Revenue Code of 1954 to provide individuals a limited exclusion from gross income for interest on deposits in certain savings institutions. | Taxation | 1974-10-02 | 1974-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Long, Clarence D. [D-MD-2] | MD | D | L000413 | 22 | Allows an income tax exclusion under the Internal Revenue Code for interest on deposits in banks, savings institutions, and credit unions. Limits such tax exclusion to $500 ($1000 if a joint return is filed). | 2024-08-01T18:39:01Z | |
| 93-hr-17035 | 93 | hr | 17035 | A bill to amend the Internal Revenue Code of 1954 to provide that amounts not in excess of $500 a year received by volunteer firemen shall not be subject to income tax. | Taxation | 1974-10-02 | 1974-10-02 | Referred to House Committee on Ways and Means. | House | Rep. O'Brien, George M. [R-IL-17] | IL | R | O000010 | 0 | Provides, under the Internal Revenue Code of 1954, that amounts not in excess of $500 a year received by a volunteer firemen shall not be subject to income tax. (Amends 26 U.S.C. 124) | 2024-08-01T18:39:01Z | |
| 93-hr-16965 | 93 | hr | 16965 | A bill to amend the Internal Revenue Code of 1954 to increase the exemption for purposes of the Federal estate tax, to increase the estate tax marital deduction and to provide an alternate method of valuing certain real property for estate tax purposes. | Taxation | 1974-10-01 | 1974-10-01 | Referred to House Committee on Ways and Means. | House | Rep. Burleson, Omar [D-TX-17] | TX | D | B001111 | 5 | Increases the exemption for the Federal estate tax from $60,000 to $200,000. Limits the aggregate deduction for value of property passed to a surviving spouse to $100,000, plus 50 percent of the value of the adjusted gross estate. Allows an estate executor to determine the value of any real property in an estate by its use for farmland, woodland, or scenic open space. | 2024-08-01T18:38:55Z | |
| 93-hr-16920 | 93 | hr | 16920 | A bill to exclude from gross income the first $1,000 of interest received from savings account deposits in home lending institutions. | Taxation | 1974-09-30 | 1974-09-30 | Referred to House Committee on Ways and Means. | House | Rep. Broomfield, William S. [R-MI-19] | MI | R | B000890 | 0 | Excludes from gross income the first $1,000 of interest or dividends received from savings account deposits in savings and loan institutions and other savings institutions chartered and supervised under Federal or State law. | 2024-08-01T18:38:55Z | |
| 93-hr-16921 | 93 | hr | 16921 | A bill to amend the Internal Revenue Code of 1954 to provide individuals a limited exclusion from gross income for interest on deposits in certain savings institutions. | Taxation | 1974-09-30 | 1974-09-30 | Referred to House Committee on Ways and Means. | House | Rep. Clausen, Don H. [R-CA-1] | CA | R | C000475 | 0 | Excludes from gross income, under the Internal Revenue Code, the first $1,000 ($2,000 if a joint return is filed) of interest on savings deposits in savings institutions, banks, and credit unions. | 2024-08-01T18:38:55Z | |
| 93-hr-16928 | 93 | hr | 16928 | A bill to exclude from gross income the first $1,000 of interest on deposits in savings institutions. | Taxation | 1974-09-30 | 1974-09-30 | Referred to House Committee on Ways and Means. | House | Rep. Frey, Lou, Jr. [R-FL-9] | FL | R | F000381 | 0 | Excludes from gross income under the Internal Revenue Code the first $1,000 of interest or dividends on deposits in savings institutions. | 2024-08-01T18:38:55Z | |
| 93-hr-16933 | 93 | hr | 16933 | A bill to amend the Internal Revenue Code of 1954 to provide individuals a limited exclusion from gross income for interest on deposits in certain savings institutions. | Taxation | 1974-09-30 | 1974-09-30 | Referred to House Committee on Ways and Means. | House | Rep. Gunter, Bill [D-FL-5] | FL | D | G000528 | 0 | Excludes from gross income, under the Internal Revenue Code, the first $500 ($1,000 if a joint return is filed) of interest on deposits in savings institutions, banks, and credit unions. | 2024-08-01T18:38:55Z |
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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);