legislation
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1,761 rows where congress = 95 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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| 95-s-3630 | 95 | s | 3630 | A Bill to amend the Internal Revenue Code of 1954 to provide a counterinflation credit and negative credit on personal income and on business profits, and to provide indirect restraint on prices during the 7-year period beginning in 1979. | Taxation | 1978-10-15 | 1978-10-15 | Referred to Senate Committee on Finance. | Senate | Sen. Hart, Gary W. [D-CO] | CO | D | H000287 | 0 | Amends the Internal Revenue Code to allow a "counterinflation" tax credit to businesses which rank among the largest 2,000 firms in the United States in sales and merchandise and to employees of such firms, if the wages paid by such firms in any taxable year are lower than the wage increase target rate prescribed by the Secretary of the Treasury. Requires the imposition of an additional tax (negative credit) upon firms which increase wages in excess of the target rate. Specifies the allowable amount of the counterinflation credit and the negative credit. Imposes an additional tax upon the profits of a firm, if such profits represent an increase in taxable income which is greater than the average rate of increase in wages paid by the firm for the taxable year. | 2024-08-01T20:11:04Z | |
| 95-hr-14396 | 95 | hr | 14396 | American Tax Reduction Act | Taxation | 1978-10-14 | 1978-10-14 | Referred to House Committee on Ways and Means. | House | Rep. Dornan, Robert K. [R-CA-27] | CA | R | D000435 | 11 | American Tax Reduction Act - States as the purposes of this Act: (1) the reduction of the public debt; (2) the imposition of limits on Federal spending; (3) the inducement of Members of Congress to eliminate unneeded Federal programs; (4) the reduction of individual income taxes; (5) tax relief for homeowners; and (6) the indexation of tax rates to reflect inflation of income. Title I: Individual Income Tax Rate Reductions - Amends the Internal Revenue Code to reduce individual and estate and trust income tax rates for 1979, 1980, and 1981 and to make a permanent reduction in such rates for years after 1981. Title II: Provisions Relating to Capital Gains - Reduces the alternative tax on capital gains to 15 percent of the net capital gain. Eliminates capital gains as an item of tax preference for purposes of the minimum and maximum tax. Allows a taxpayer to elect to offset against taxable income all capital losses not in excess of taxable income. Permits a one year carryover of losses in excess of taxable income. Permits a one-time exclusion from gross income of $100,000 of the gain from the sale or exchange of a principal residence. Title III: Provisions Relating to Indexing for Inflation - Requires inflation adjustments to income brackets for purposes of the individual income tax, the normal tax on corporate income, and the surtax exemption. Requires a similar adjustment to capital assets for purposes of determining gain or loss and for estates and gifts in determining the tax at the time of transfer. Title IV: Reduction in Federal Spending - Limits Federal spending to 18 percent of the gross national product by 1983. Prohibits the consideration of any bill in Congress which would cause the spending limit to be exceeded. Title V: Reduction of the Public Debt - Requires the application of two percent of the annual Federal budget to the retirement of the Federal deficit. | 2025-09-02T17:11:46Z | |
| 95-hr-14401 | 95 | hr | 14401 | A bill to amend the Internal Revenue Code of 1954 to exempt certain real property used in farming or in other businesses from the estate tax. | Taxation | 1978-10-14 | 1978-10-14 | Referred to House Committee on Ways and Means. | House | Rep. Panetta, Leon [D-CA-16] | CA | D | P000047 | 0 | Amends the Internal Revenue Code to exclude from a decedent's gross estate for purposes of the estate tax the value of certain real property used in farming or in other businesses. | 2024-08-01T20:07:17Z | |
| 95-hconres-751 | 95 | hconres | 751 | A resolution expressing the sense of Congress with respect to the Internal Revenue Service's proposed revenue procedure on private tax exempt schools. | Taxation | 1978-10-13 | 1978-10-13 | Referred to House Committee on Ways and Means. | House | Rep. McDonald, Lawrence P. [D-GA-7] | GA | D | M000413 | 4 | Declares that it is the sense of Congress that the "Proposed Revenue Procedure on Private Tax-Exempt Schools" should not be adopted by the Internal Revenue Service. | 2024-08-01T19:56:04Z | |
| 95-hr-14341 | 95 | hr | 14341 | A bill to amend the Internal Revenue Code of 1954 to require that employee stock ownership plans financed through an additional investment credit be nondiscriminatory to any group of employees. | Taxation | 1978-10-13 | 1978-10-13 | Referred to House Committee on Ways and Means. | House | Rep. Moorhead, William S. [D-PA-14] | PA | D | M000930 | 0 | Amends the Internal Revenue Code to expand the participation requirements of employee stock ownership plans by disallowing the 11 percent investment credit for funding the plans if they exclude any employees, including employees otherwise covered by collective bargaining arrangements, from participation. | 2024-08-01T20:07:17Z | |
| 95-hr-14359 | 95 | hr | 14359 | American Tax Reduction Act | Taxation | 1978-10-13 | 1978-10-13 | Referred to House Committee on Ways and Means. | House | Rep. Dornan, Robert K. [R-CA-27] | CA | R | D000435 | 24 | American Tax Reduction Act - States as the purposes of this Act: (1) the reduction of the public debt; (2) the imposition of limits on Federal spending; (3) the inducement of Members of Congress to eliminate unneeded Federal programs; (4) the reduction of individual income taxes; (5) tax relief for homeowners; and (6) the indexation of tax rates to reflect inflation of income. Title I: Individual Income Tax Rate Reductions - Amends the Internal Revenue Code to reduce individual and estate and trust income tax rates for 1979, 1980, and 1981 and to make a permanent reduction in such rates for years after 1981. Title II: Provisions Relating to Capital Gains - Reduces the alternative tax on capital gains to 15 percent of the net capital gain. Eliminates capital gains as an item of tax preference for purposes of the minimum and maximum tax. Allows a taxpayer to elect to offset against taxable income all capital losses not in excess of taxable income. Permits a one year carryover of losses in excess of taxable income. Permits a one-time exclusion from gross income of $100,000 of the gain from the sale or exchange of a principal residence. Title III: Provisions Relating to Indexing for Inflation - Requires inflation adjustments to income brackets for purposes of the individual income tax, the normal tax on corporate income, and the surtax exemption. Requires a similar adjustment to capital assets for purposes of determining gain or loss and for estates and gifts in determining the tax at the time of transfer. Title IV: Reduction in Federal Spending - Limits Federal spending to 18 percent of the gross national product by 1983. Prohibits the consideration of any bill in Congress which would cause the spending limit to be exceeded. Title V: Reduction of the Public Debt - Requires the application of two percent of the annual Federal budget to the retirement of the Federal deficit. | 2025-09-02T17:11:46Z | |
| 95-s-3600 | 95 | s | 3600 | A Bill to amend the Internal Revenue Code of 1954 to exempt from Federal income taxation a trust established by a taxpayer for the purpose of providing care for certain mentally and physically incompetent relatives of the taxpayer, and for other purposes. | Taxation | 1978-10-13 | 1978-10-13 | Referred to Senate Committee on Finance. | Senate | Sen. Wallop, Malcolm [R-WY] | WY | R | W000092 | 0 | Amends the Internal Revenue Code to exempt from taxation the income of certain trusts established solely to care for mentally or physically handicapped relatives. Provides that distributions from such trusts which are paid to another individual for the care and maintenance of the trust beneficiary shall be excludable from the gross income of such beneficiary. Permits a deduction from the gross estate of the grantor of a trust for a mentally or physically handicapped relative an amount equal to the interest which such grantor holds in the trust. | 2024-08-01T20:11:03Z | |
| 95-hconres-745 | 95 | hconres | 745 | A resolution expressing the sense of Congress on the proposed revenue procedure of the Internal Revenue Service relating to private tax-exempt schools. | Taxation | 1978-10-12 | 1978-10-12 | Referred to House Committee on Ways and Means. | House | Rep. Ginn, Bo [D-GA-1] | GA | D | G000226 | 0 | Declares that it is the sense of Congress that the "Proposed Revenue Procedure on Private Tax-Exempt Schools" does not represent a proper implementation of the law governing the tax-exempt status of private educational institutions and should not be adopted by the Internal Revenue Service. | 2024-08-01T19:56:04Z | |
| 95-hconres-746 | 95 | hconres | 746 | A resolution expressing the sense of Congress with respect to the Internal Revenue Service's proposed revenue procedure on private tax-exempt schools. | Taxation | 1978-10-12 | 1978-10-12 | Referred to House Committee on Ways and Means. | House | Rep. Satterfield, David E., III [D-VA-3] | VA | D | S000070 | 0 | Declares that it is the sense of Congress that the "Proposed Revenue Procedure on Private Tax-Exempt Schools" should not be adopted by the Internal Revenue Service. | 2024-08-01T19:56:03Z | |
| 95-hr-14296 | 95 | hr | 14296 | Anti-Inflation Tax Reduction Act | Taxation | 1978-10-12 | 1978-10-12 | Referred to House Committee on Ways and Means. | House | Rep. Fraser, Donald M. [D-MN-5] | MN | D | F000350 | 0 | Anti-Inflation Tax Reduction Act - Title I: Credits for Limiting Compensation Increases - Amends the Internal Revenue Code to allow a tax credit for employers who agree to limit wage and price increases and for employees whose wage increases do not exceed specified levels for a particular taxable year. Permits a credit for employees equal to the sum of the compensation restraint credit and the real wage insurance credit. Establishes the compensation restraint credit at four percent of the employee's qualified wages (wages not in excess of $25,000) in 1979 and a percentage specified by the President, but not in excess of five percent, in 1980 and 1981. Establishes the real wage insurance credit as that percentage of the employee's qualified wages by which the rate of inflation exceeds the sum of the year's compensation restraint credit plus the year's compensation restraint standard (six percent increase in 1979, percentage increase determined by President in 1980-81). Requires a downward adjustment to the tax credit paid to employees if employee compensation actually paid exceeds the established rate of compensation restraint for the year. Allows a credit for self employed individuals equal to one percent of net earnings which do not exceed $25,000. Allows a credit for employers whose employees qualify for the tax credit. Establishes such credit at 20 percent of the compensation restraint credit received by all employees of the employer. Requires the President to submit an annual report to the Congress on the effectiveness of the tax credit in reducing inflation and stimulating employment. Title II: Standby Tax Surcharge - Authorizes the President to impose a surtax of up to four percent on the income of every individual pursuant to a determination that such surtax is necessary to counter inflation. Empowers either House of Congress to veto the imposition of the surtax. Title III: Price Stabilization - Authorizes the Council on Wage and Price Stability to require advance notification of price increases pla… | 2025-09-02T17:11:41Z | |
| 95-hr-14306 | 95 | hr | 14306 | A bill to amend the Internal Revenue Code of 1954 to exclude $1,000 of interest from savings from the gross income of certain taxpayers. | Taxation | 1978-10-12 | 1978-10-12 | Referred to House Committee on Ways and Means. | House | Rep. Weiss, Ted [D-NY-20] | NY | D | W000258 | 0 | Amends the Internal Revenue Code to exclude from gross income interest earned on savings deposits. Limits such exclusion to $1,000 per taxpayer with a dollar per dollar reduction in the exclusion for taxpayers with income in excess of specified levels. | 2024-08-01T20:07:08Z | |
| 95-hr-14310 | 95 | hr | 14310 | A bill to require that certain procedures be followed with respect to the Internal Revenue Service's "Proposed Revenue Procedure on Private Tax-Exempt Schools". | Taxation | 1978-10-12 | 1978-10-12 | Referred to House Committee on Ways and Means. | House | Rep. Hammerschmidt, John P. [R-AR-3] | AR | R | H000124 | 0 | Provides that the Internal Revenue Service's "Proposed Revenue Procedure on Private Tax-Exempt Schools" or any similar proposal shall not take effect unless the Service complies with recently published regulations of the Department of the Treasury requiring public hearings and Congressional approval of such proposals. | 2024-08-01T20:07:08Z | |
| 95-hconres-741 | 95 | hconres | 741 | A resolution expressing the sense of Congress with respect to the Internal Revenue Service's proposed procedure on private tax-exempt schools. | Taxation | 1978-10-10 | 1978-10-10 | Referred to House Committee on Ways and Means. | House | Rep. McDonald, Lawrence P. [D-GA-7] | GA | D | M000413 | 17 | Declares that it is the sense of Congress that the "Proposed Revenue Procedure on Private Tax-Exempt Schools" should not be adopted by the Internal Revenue Service. | 2024-08-01T19:56:04Z | |
| 95-hr-14272 | 95 | hr | 14272 | A bill to amend the Internal Revenue Code of 1954 to extend the special elections for section 403(b) annuity contracts to employees of churches, conventions, or associations of churches, and their agencies to permit a de minimis contribution amount in lieu of such elections. | Taxation | 1978-10-10 | 1978-10-10 | Referred to House Committee on Ways and Means. | House | Rep. Conable, Barber B., Jr. [R-NY-35] | NY | R | C000666 | 1 | Amends the Internal Revenue Code to provide church employees the same power presently enjoyed by employees of tax-exempt health and education organizations to elect alternative exclusion allowances for contributions to annuity contracts. Provides a minimum allowance of $10,000 for annual additions to these contracts without respect to the amount of the employee's compensation. | 2024-08-01T20:07:10Z | |
| 95-hr-14274 | 95 | hr | 14274 | A bill to amend the Internal Revenue Code of 1954 to permit a church plan to continue after 1982 to provide benefits for employees of organizations controlled by or associated with the church and to make certain clarifying amendments to the definition of church plan. | Taxation | 1978-10-10 | 1978-10-10 | Referred to House Committee on Ways and Means. | House | Rep. Conable, Barber B., Jr. [R-NY-35] | NY | R | C000666 | 1 | Amends the Internal Revenue Code to make permanent the special tax treatment of church agency pension plans as qualified church plans. Provides that plans maintained by groups or associations of churches include individuals "substantially all" of whom are qualified beneficiaries. Allows such plans to retain accrued benefits, according to their terms, or to continue receiving contributions for up to five years for separated employees. Allows any plan which is determined to have failed to meet church plan requirements a grace period of 270 days, or any other period specified by the Secretary of the Treasury or a court in an adjudication of such an issue, to bring itself into compliance without becoming disqualified. Applies these provisions retroactively to 1974. | 2024-08-01T20:07:11Z | |
| 95-hr-14276 | 95 | hr | 14276 | A bill to amend section 403(b) of the Internal Revenue Code of 1954 with respect to computation of the exclusion allowance for ministers and lay employees of the church. | Taxation | 1978-10-10 | 1978-10-10 | Referred to House Committee on Ways and Means. | House | Rep. Conable, Barber B., Jr. [R-NY-35] | NY | R | C000666 | 1 | Amends the Internal Revenue to provide that, for purposes of computing the allowable retirement plan exclusion and employer contributions allowance for church employees, all years of service for a church, church convention, church association or an agency for such principals, shall be considered employment for one employer. | 2024-08-01T20:07:10Z | |
| 95-s-3580 | 95 | s | 3580 | A Bill to amend the Internal Revenue Code of 1954 to increase the amount of the dividend exclusion. | Taxation | 1978-10-09 | 1978-10-09 | Referred to Senate Committee on Finance. | Senate | Sen. Durkin, John A. [D-NH] | NH | D | D000574 | 0 | Amends the Internal Revenue Code to increase from $100 to $250 the amount of dividends which individuals may exclude from income. | 2024-08-01T20:11:03Z | |
| 95-s-3569 | 95 | s | 3569 | Tax Form Simplification Act | Taxation | 1978-10-07 | 1978-10-07 | Referred to Senate Committee on Finance. | Senate | Sen. Durkin, John A. [D-NH] | NH | D | D000574 | 0 | Tax Form Simplification Act - Directs the Secretary of the Treasury to establish a task force for the purpose of devising methods of simplifying Federal individual income tax return forms and instructions for completing such forms. Requires the Secretary to report to Congress on the findings of the task force within two years after the enactment of this Act. | 2025-09-02T17:14:35Z | |
| 95-hr-14256 | 95 | hr | 14256 | American Tax Reduction Act | Taxation | 1978-10-06 | 1978-10-06 | Referred to House Committee on Rules. | House | Rep. Dornan, Robert K. [R-CA-27] | CA | R | D000435 | 24 | American Tax Reduction Act - States as the purposes of this Act: (1) the reduction of the public debt; (2) the imposition of limits on Federal spending; (3) the inducement of Members of Congress to eliminate unneeded Federal programs; (4) the reduction of individual income taxes; (5) tax relief for homeowners; and (6) the indexation of tax rates to reflect inflation of income. Title I: Individual Income Tax Rate Reductions - Amends the Internal Revenue Code to reduce individual and estate and trust income tax rates for 1979, 1980, and 1981 and to make a permanent reduction in such rates for years after 1981. Title II: Provisions Relating to Capital Gains - Reduces the alternative tax on capital gains to 15 percent of the net capital gain. Eliminates capital gains as an item of tax preference for purposes of the minimum and maximum tax. Allows a taxpayer to elect to offset against taxable income all capital losses not in excess of taxable income. Permits a one year carryover of losses in excess of taxable income. Permits a one-time exclusion from gross income of $100,000 of the gain from the sale or exchange of a principal residence. Title III: Provisions Relating to Indexing for Inflation - Requires inflation adjustments to income brackets for purposes of the individual income tax, the normal tax on corporate income, and the surtax exemption. Requires a similar adjustment to capital assets for purposes of determining gain or loss and for estates and gifts in determining the tax at the time of transfer. Title IV: Reduction in Federal Spending - Limits Federal spending to 18 percent of the gross national product by 1983. Prohibits the consideration of any bill in Congress which would cause the spending limit to be exceeded. Title V: Reduction of the Public Debt - Requires the application of two percent of the annual Federal budget to the retirement of the Federal deficit. | 2025-09-02T17:11:43Z | |
| 95-hr-14257 | 95 | hr | 14257 | American Tax Reduction Plan Act | Taxation | 1978-10-06 | 1978-10-06 | Referred to House Committee on Ways and Means. | House | Rep. Clawson, Del [R-CA-33] | CA | R | C000476 | 1 | American Tax Reduction Plan Act - States as the purposes of this Act: (1) the reduction of the public debt; (2) the imposition of limits on Federal spending; (3) the inducement of Members of Congress to eliminate unneeded Federal programs; (4) the reduction of individual income taxes; (5) the reduction of corporate income taxes; (6) tax relief for homeowners; and (7) the indexation of tax rates to reflect inflation of income. Title I: Individual Income Tax Rate Reductions - Amends the Internal Revenue Code to reduce individual and estate and trust income tax rates for 1979 and 1980, and to make a permanent reduction in such rates for years after 1981. Title II: Provisions Relating to Capital Gains - Reduces the alternative tax on capital gains to 25 percent of the net capital gain. Eliminates capital gains as an item of tax preference for purposes of the minimum and maximum tax. Allows a taxpayer to elect to offset against taxable income all capital losses not in excess of taxable income. Permits a one year carryover of losses in excess of taxable income. Title III: Corporate Income Tax Rate Reductions; Provisions Providing Tax Consistency - Reduces corporate tax rates to 16 percent of the first $25,000 of taxable income and 18 percent of so much of the taxable income that exceeds $25,000. Reduces the surtax to 22 percent of the amount that exceeds the surtax exemption. Establishes a permanent $50,000 surtax exemption for all corporations except certain controlled corporations. Repeals the investment tax credit. Eliminates the tax exemption for (1) interest earned on industrial development bonds issued to governmental units and tax-exempt organizations; (2) interest on bonds issued for the construction of specified facilities and for industrial parks; and (3) interest earned on certain small issues of industrial development bonds. Repeals the allowance for deductions with respect to the amortization of any certified pollution control facility based on a period of 60 months. Repeals the allowance for deduction… | 2025-09-02T17:11:43Z | |
| 95-hr-14258 | 95 | hr | 14258 | A bill to amend the Internal Revenue Code of 1954 to allow for the deductibility of certain local service charges when imposed in lieu of real property taxes. | Taxation | 1978-10-06 | 1978-10-06 | Referred to House Committee on Ways and Means. | House | Rep. Conable, Barber B., Jr. [R-NY-35] | NY | R | C000666 | 0 | Amends the Internal Revenue Code to treat municipal service charges for garbage collection or street lighting as deductible real property taxes. | 2024-08-01T20:07:10Z | |
| 95-hr-14265 | 95 | hr | 14265 | A bill providing that certain foreign losses which were economically incurred before December 31, 1975, will not be subject to the loss recapture rules of the Tax Reform Act of 1976. | Taxation | 1978-10-06 | 1978-10-06 | Referred to House Committee on Ways and Means. | House | Rep. Vander Jagt, Guy [R-MI-9] | MI | R | V000027 | 0 | Amends the Internal Revenue Code to extend for two years the time by which a corporation, which has sustained substantial losses prior to January 1, 1976 and which has dismissed substantially all its employees before April 15, 1977, must liquidate in order to exempt a taxpayer who holds at least a ten percent interest in such corporation from the application of the foreign loss recapture rules enacted by the Tax Reform Act of 1976. | 2024-08-01T20:07:10Z | |
| 95-hr-14268 | 95 | hr | 14268 | A bill to amend title 4 of the United States Code to restrict the authority of any State or political subdivision to impose any income tax on any compensation paid to any individual who is not a domiciliary or resident of such State or political subdivision. | Taxation | 1978-10-06 | 1978-10-06 | Referred to House Committee on the Judiciary. | House | Rep. Mikulski, Barbara A. [D-MD-3] | MD | D | M000702 | 1 | Prohibits any State or political subdivision from levying an income tax on any compensation paid to an individual who is not a domicilliary or resident of such State or political subdivision. Declares this Act shall have no retroactive effect. | 2024-08-01T20:07:04Z | |
| 95-hconres-732 | 95 | hconres | 732 | A resolution expressing the sense of Congress in opposition to the revenue procedure proposed by the Commissioner of IRS, establishing new guidelines for determining the tax-exempt status of private schools. | Taxation | 1978-10-05 | 1978-10-05 | Referred to House Committee on Ways and Means. | House | Rep. Barnard, Doug, Jr. [D-GA-10] | GA | D | B000153 | 0 | Declares that it is the sense of Congress that the procedure proposed by the Commissioner of the Internal Revenue Service establishing new guidelines for determining the tax-exempt status of certain private schools should be withdrawn, as it is in excess of the authority of the Commissioner to administer the revenue laws and to raise revenue. | 2024-08-01T19:56:04Z | |
| 95-hr-14250 | 95 | hr | 14250 | A bill to provide that the Internal Revenue Service may not implement certain proposed rules relating to the determination of whether private schools have discriminatory policies. | Taxation | 1978-10-05 | 1978-10-05 | Referred to House Committee on Ways and Means. | House | Rep. Crane, Philip M. [R-IL-12] | IL | R | C000873 | 0 | Prohibits the Secretary of the Treasury from issuing, before December 31, 1980, any final or proposed regulations, revenue procedures or rulings which set forth guidelines for determining whether tax-exempt educational institutions are operating on a non-discriminatory basis. | 2024-08-01T20:07:10Z | |
| 95-hr-14234 | 95 | hr | 14234 | American Tax Reduction Act | Taxation | 1978-10-04 | 1978-10-04 | Referred to House Committee on Rules. | House | Rep. Dornan, Robert K. [R-CA-27] | CA | R | D000435 | 0 | American Tax Reduction Act - States as the purposes of this Act: (1) the reduction of the public debt; (2) the imposition of limits on Federal spending; (3) the inducement of Members of Congress to eliminate unneeded Federal programs; (4) the reduction of individual income taxes; (5) tax relief for homeowners; and (6) the indexation of tax rates to reflect inflation of income. Title I: Individual Income Tax Rate Reductions - Amends the Internal Revenue Code to reduce individual and estate and trust income tax rates for 1979, 1980, and 1981 and to make a permanent reduction in such rates for years after 1981. Title II: Provisions Relating to Capital Gains - Reduces the alternative tax on capital gains to 15 percent of the net capital gain. Eliminates capital gains as an item of tax preference for purposes of the minimum and maximum tax. Allows a taxpayer to elect to offset against taxable income all capital losses not in excess of taxable income. Permits a one year carryover of losses in excess of taxable income. Permits a one-time exclusion from gross income of $100,000 of the gain from the sale or exchange of a principal residence. Title III: Provisions Relating to Indexing for Inflation - Requires inflation adjustments to income brackets for purposes of the individual income tax, the normal tax on corporate income, and the surtax exemption. Requires a similar adjustment to capital assets for purposes of determining gain or loss and for estates and gifts in determining the tax at the time of transfer. Title IV: Reduction in Federal Spending - Limits Federal spending to 18 percent of the gross national product by 1983. Prohibits the consideration of any bill in Congress which would cause the spending limit to be exceeded. Title V: Reduction of the Public Debt - Requires the application of two percent of the annual Federal budget to the retirement of the Federal deficit. | 2025-09-02T17:11:43Z | |
| 95-hr-14205 | 95 | hr | 14205 | A bill to repeal section 3402(q) of the Internal Revenue Code of 1954 which requires, for income tax purposes, amounts to be withheld from certain gambling winnings. | Taxation | 1978-09-29 | 1978-09-29 | Referred to House Committee on Ways and Means. | House | Rep. Florio, James J. [D-NJ-1] | NJ | D | F000215 | 1 | Amends the Internal Revenue Code to repeal the withholding tax requirements with respect to gambling winnings. | 2024-08-01T20:07:09Z | |
| 95-hr-14208 | 95 | hr | 14208 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income any gain from the sale of real property to a redevelopment agency of a State or local Government. | Taxation | 1978-09-29 | 1978-09-29 | Referred to House Committee on Ways and Means. | House | Rep. Lloyd, Marilyn [D-TN-3] | TN | D | L000381 | 0 | Amends the Internal Revenue Code to exclude from gross income gain from the sale or exchange of real property to a State or local redevelopment authority if such property is within an area selected for redevelopment or rehabilitation. | 2024-08-01T20:07:09Z | |
| 95-hr-14210 | 95 | hr | 14210 | A bill to amend the Internal Revenue Code of 1954 to exclude from the gross estate of any individual benefits payable under certain State judicial plans, and for other purposes. | Taxation | 1978-09-29 | 1978-09-29 | Referred to House Committee on Ways and Means. | House | Rep. Pickle, J. J. [D-TX-10] | TX | D | P000328 | 11 | Amends the Internal Revenue Code to exclude from the gross estate of an individual the value of an annuity under a qualified State judicial plan or any benefits payable thereunder. Defines "qualified State judicial plan" as a compulsory defined benefit plan for the exclusive benefit of elected judges or their beneficiaries. Provides that the designation of a beneficiary under a State judicial plan shall not be considered a transfer of property for purposes of the gift tax. | 2024-08-01T20:07:09Z | |
| 95-s-3537 | 95 | s | 3537 | A Bill to require that certain procedures be followed with respect to the Internal Revenue Service's "Proposed Revenue Procedure on Private Tax-Exempt Schools". | Taxation | 1978-09-29 | 1978-09-29 | Referred to Senate Committee on Finance. | Senate | Sen. Hatch, Orrin G. [R-UT] | UT | R | H000338 | 0 | Provides that the Internal Revenue Service's "Proposed Revenue Procedure on Private Tax-Exempt Schools" or any similar proposal shall not take effect unless the Service complies with recently published regulations of the Department of the Treasury requiring public hearings and Congressional approval of such proposals. | 2024-08-01T20:11:02Z | |
| 95-hr-14192 | 95 | hr | 14192 | A bill to amend the Internal Revenue Code of 1954 to increase the adjusted gross income limitation on the credit for the elderly, to increase the amount of such credit, and for other purposes. | Taxation | 1978-09-28 | 1978-09-28 | Referred to House Committee on Ways and Means. | House | Rep. Anderson, Glenn M. [D-CA-32] | CA | D | A000189 | 0 | Amends the Internal Revenue Code to increase the adjusted gross income limitation on the credit for the elderly and the amount of such credit. | 2024-08-01T20:07:03Z | |
| 95-hr-14201 | 95 | hr | 14201 | Expanded Employee Stock Ownership Act | Taxation | 1978-09-28 | 1978-09-28 | Referred to House Committee on Ways and Means. | House | Rep. Waggonner, Joe D., Jr. [D-LA-4] | LA | D | W000018 | 2 | Expanded Employee Stock Ownership Act - Amends the Internal Revenue Code to allow an investment tax credit equal to the greater of two percent of the cost of qualified depreciable investment property or one percent of the total compensation paid to employees who participate in a special employee stock ownership plan for corporations which establish such a stock ownership plan. Limits the credit to $50,000 of the taxpayer's tax liability plus 95 percent of the excess of $50,000 with a carryback of three years and a carryover of seven years. Sets forth requirements for the establishment of a special employee stock ownership plan, including requirements that: (1) employer securities transferred to a plan be equal in amount to the credit claimed; (2) at least one-half of such employer securities qualify as newly issued employer securities; (3) the plan provide for the allocation of employer securities to employee-participants on the basis of income; and (4) the plan provide each participant with a nonforfeitable right to stock allocated to his account. Excludes employee stock ownership plan annuities and certain other pension plan annuities (that are currently includible) from inclusion in the gross estate for purposes of the estate tax. Qualifies employee stock ownership plan participants for the retirement savings income tax deduction. Exempts plan participants from providing a put option contract for the sale of supposed stock on a future day for any securities distributed from a plan which permits such participants to receive cash instead of a distribution of securities. Grants an income tax deduction to employers for the payment of dividends with respect to employer securities and permits a deduction for certain bequests and charitable contributions to an employee stock ownership plan. Eliminates contributions made to an employee stock ownership plan as an item of tax preference for purposes of the minimum tax. | 2025-09-02T17:11:42Z | |
| 95-s-3533 | 95 | s | 3533 | A Bill to amend the Internal Revenue Code of 1954 to provide individuals a credit against income tax for certain amounts of savings. | Taxation | 1978-09-28 | 1978-09-28 | Referred to Senate Committee on Finance. | Senate | Sen. McClure, James A. [R-ID] | ID | R | M000346 | 0 | Amends the Internal Revenue Code to allow a tax credit equal to 50 percent of the excess of the eligible net savings (net savings in excess of certain types of debt) of a taxpayer for the taxable year over a specified percentage of the taxpayer's adjusted gross income. Specifies types of savings accounts which qualify for the credit. Increases taxpayer liability (except for individuals who attain age 65) if the taxpayer's eligible net saving is less than zero for a taxable year. Provides for an inflation adjustment to the taxpayer's adjusted gross income for purposes of determining the allowable amount of credit. | 2024-08-01T20:11:02Z | |
| 95-hr-14183 | 95 | hr | 14183 | A bill to amend the Internal Revenue Code of 1954 to allow the deduction of the portion of certain charges which is allocable to the construction and maintenance of waste treatment works. | Taxation | 1978-09-27 | 1978-09-27 | Referred to House Committee on Ways and Means. | House | Rep. Nowak, Henry [D-NY-37] | NY | D | N000163 | 0 | Amends the Internal Revenue Code to allow an income tax deduction for expenses allocable to the construction, maintenance, or financing of waste treatment works. | 2024-08-01T20:07:03Z | |
| 95-hr-14185 | 95 | hr | 14185 | A bill to amend the Internal Revenue Code of 1954 to allow individuals to compute the amount of the deduction for payments into retirement savings on the basis of the compensation of their spouses, and for other purposes. | Taxation | 1978-09-27 | 1978-09-27 | Referred to House Committee on Ways and Means. | House | Rep. Trible, Paul S., Jr. [R-VA-1] | VA | R | T000367 | 1 | Amends the Internal Revenue Code to allow certain individuals to compute the amount of the deduction for retirement savings on the basis of the earned income of their spouses. | 2024-08-01T20:07:09Z | |
| 95-hr-14187 | 95 | hr | 14187 | A bill to amend the Internal Revenue Code of 1954 to provide individuals a credit against income tax for certain amounts of savings. | Taxation | 1978-09-27 | 1978-09-27 | Referred to House Committee on Ways and Means. | House | Rep. Brown, Clarence, Jr. [R-OH-7] | OH | R | B000910 | 2 | Amends the Internal Revenue Code to allow a tax credit equal to 50 percent of the excess of the eligible net savings (net savings in excess of certain types of debt) of a taxpayer for the taxable year over a specified percentage of the taxpayer's adjusted gross income. Specifies types of savings accounts which qualify for the credit. Increases taxpayer liability (except for individuals who attain age 65) if the taxpayer's eligible net saving is less than zero for a taxable year. Provides for an inflation adjustment to the taxpayer's adjusted gross income for purposes of determining the allowable amount of credit. | 2024-08-01T20:07:03Z | |
| 95-hr-14188 | 95 | hr | 14188 | A bill to amend the Internal Revenue Code of 1954 to clarify the application of the investment tax credit to certain single purpose enclosures or structures for raising poultry or hogs or for use as greenhouses. | Taxation | 1978-09-27 | 1978-09-27 | Referred to House Committee on Ways and Means. | House | Rep. Pickle, J. J. [D-TX-10] | TX | D | P000328 | 4 | Amends the Internal Revenue Code to allow an investment tax credit for single purpose enclosures or structures for raising poultry or hogs, or for use as greenhouses. | 2024-08-01T20:07:03Z | |
| 95-hconres-724 | 95 | hconres | 724 | A resolution disapproving a proposed revenue procedure of the Internal Revenue Service relating to Private Tax-Exempt Schools. | Taxation | 1978-09-26 | 1978-09-26 | Referred to House Committee on Ways and Means. | House | Rep. Evans, Billy Lee [D-GA-8] | GA | D | E000233 | 0 | Declares it the sense of Congress that: (1) the usurpation by the Internal Revenue Service of Congressional authority to enact, amend, and repeal laws be denied; and (2) the proposed revenue procedure on private tax-exempt schools not be adopted by the Internal Revenue Service. | 2024-08-01T19:56:04Z | |
| 95-hr-14172 | 95 | hr | 14172 | A bill to amend section 1341 (b) (2) of the Internal Revenue Code of 1954 to clarify the computation of tax where taxpayer restores substantial amount held under claim of right. | Taxation | 1978-09-26 | 1978-09-26 | Referred to House Committee on Ways and Means. | House | Rep. Huckaby, Thomas J. (Jerry) [D-LA-5] | LA | D | H000901 | 1 | Amends the Internal Revenue Code to provide that refunds or repayments with respect to regulated oil prices shall be subject to the rules for computing the tax where a taxpayer restores a substantial amount held under claim of right. | 2024-08-01T20:07:02Z | |
| 95-s-3526 | 95 | s | 3526 | Rapid Recovery of Occupational Safety and Health Expenditures Act | Taxation | 1978-09-26 | 1978-09-26 | Referred to Senate Committee on Finance. | Senate | Sen. Nelson, Gaylord [D-WI] | WI | D | N000033 | 0 | Rapid Recovery of Occupational Safety and Health Expenditures Act - Amends the Internal Revenue Code to permit the amortization, over a five-year period, of property which is modified to meet safety and health standards under the Occupational Safety and Health Act of 1970. Allows a full investment tax credit for pollution control and occupational safety and health facilities. | 2025-09-02T17:14:35Z | |
| 95-hres-1376 | 95 | hres | 1376 | A resolution urging that the Senate adopt a provision for the one-time exclusion from income of $100,000 of gain from the sale of a principal residence. | Taxation | 1978-09-22 | 1978-09-22 | Referred to House Committee on Ways and Means. | House | Rep. Hannaford, Mark W. [D-CA-34] | CA | D | H000166 | 0 | Declares that the House of Representatives urges the Senate to adopt a similar provision to section 405 of H.R. 13511 (one-time tax exclusion from income of gain from the sale of a principal residence). | 2024-08-01T19:56:54Z | |
| 95-hr-14149 | 95 | hr | 14149 | A bill to amend section 302 of the Internal Revenue Code of 1954 with respect to the redemption of corporate stock held by an estate or trust. | Taxation | 1978-09-21 | 1978-09-21 | Referred to House Committee on Ways and Means. | House | Rep. Treen, David C. [R-LA-3] | LA | R | T000362 | 1 | Amends the Internal Revenue Code to limit the application of the attribution of ownership rules to a trust or estate which terminates its interest in a corporation through a stock redemption, for purposes of treating the proceeds from the stock redemption as capital gain. | 2024-08-01T20:07:02Z | |
| 95-hr-14133 | 95 | hr | 14133 | A bill to amend section 501(c)(8) of the Internal Revenue Code. | Taxation | 1978-09-20 | 1978-09-20 | Referred to House Committee on Ways and Means. | House | Rep. Cotter, William R. [D-CT-1] | CT | D | C000799 | 0 | Amends the Internal Revenue Code to treat an organization which is operated, supervised, or controlled by a fraternal beneficiary society as part of the lodge system of such society for purposes of determining the tax-exempt status of such organization. | 2024-08-01T20:07:02Z | |
| 95-hr-14134 | 95 | hr | 14134 | A bill to amend the Internal Revenue Code of 1954 to clarify the eligibility for the investment tax credit of structures used for housing, raising, or feeding hogs. | Taxation | 1978-09-20 | 1978-09-20 | Referred to House Committee on Ways and Means. | House | Rep. Grassley, Chuck [R-IA-3] | IA | R | G000386 | 3 | Amends the Internal Revenue Code to specify requirements regarding the use of structures for the housing, raising, or feeding of hogs, for purposes of the investment tax credit. | 2024-08-01T20:07:02Z | |
| 95-hr-14139 | 95 | hr | 14139 | A bill to require that certain procedures be followed with respect to the Internal Revenue Service's "Proposed Revenue Procedure on Private Tax-Exempt Schools". | Taxation | 1978-09-20 | 1978-09-20 | Referred to House Committee on Ways and Means. | House | Rep. Hansen, George V. [R-ID-2] | ID | R | H000171 | 0 | Provides that the Internal Revenue Service's "Proposed Revenue Procedure on Private Tax-Exempt Schools" or any similar proposal shall not take effect unless the Service complies with recently published regulations of the Department of the Treasury requiring public hearings and Congressional approval of such proposals. | 2024-08-01T20:07:02Z | |
| 95-hr-14141 | 95 | hr | 14141 | A bill to amend the Internal Revenue Code of 1954 to provide that certain farm buildings shall be eligible for the investment tax credit. | Taxation | 1978-09-20 | 1978-09-20 | Referred to House Committee on Ways and Means. | House | Rep. Leach, James A. [R-IA-1] | IA | R | L000169 | 4 | Amends the Internal Revenue Code to qualify buildings used in connection with, or in the trade or business of, farming for the investment tax credit. | 2024-08-01T20:07:02Z | |
| 95-s-3509 | 95 | s | 3509 | A Bill to amend the Internal Revenue Code of 1954. | Taxation | 1978-09-20 | 1978-09-20 | Referred to Senate Committee on Finance. | Senate | Sen. Johnston, J. Bennett [D-LA] | LA | D | J000189 | 0 | Amends the Internal Revenue Code to limit the application of the attribution of ownership rules to a trust or estate which terminates its interest in a corporation through a stock redemption, for purposes of treating the proceeds from the stock redemption as capital gain. | 2024-08-01T20:10:57Z | |
| 95-hr-14127 | 95 | hr | 14127 | A bill to amend the Internal Revenue Code of 1954 to exclude from the gross estate of any individual benefits payable under certain State judicial plans, and for other purposes. | Taxation | 1978-09-19 | 1978-09-19 | Referred to House Committee on Ways and Means. | House | Rep. Pickle, J. J. [D-TX-10] | TX | D | P000328 | 0 | Amends the Internal Revenue Code to exclude from the gross estate of an individual the value of an annuity under a qualified State judicial plan or any benefits payable thereunder. Defines "qualified State judicial plan" as a compulsory defined benefit plan for the exclusive benefit of elected judges or their beneficiaries. Provides that the designation of a beneficiary under a State judicial plan shall not be considered a transfer of property for purposes of the gift tax. | 2024-08-01T20:07:02Z | |
| 95-hr-14105 | 95 | hr | 14105 | A bill to amend the Internal Revenue Code of 1954 to remove certain limitations on the estate and gift tax marital deductions. | Taxation | 1978-09-18 | 1978-09-18 | Referred to House Committee on Ways and Means. | House | Rep. Smith, Virginia [R-NE-3] | NE | R | S000622 | 0 | Amends the Internal Revenue Code to remove the dollar and percentage limitations on the amount of the estate and gift tax marital deductions. | 2024-08-01T20:07:02Z | |
| 95-s-3501 | 95 | s | 3501 | A bill to amend the Internal Revenue Code of 1954 to exempt the Federal excise tax on distilled spirits ethanol used as a solvent for compounds used in environmental monitoring activities. | Taxation | 1978-09-18 | 1978-09-18 | Referred to Senate Committee on Finance. | Senate | Sen. Schmitt, Harrison H. [R-NM] | NM | R | S000132 | 0 | Amends the Internal Revenue Code to exempt ethanol from the Federal excise tax on distilled spirits when it is used as a solvent for compounds used in subsurface environmental monitoring activities. | 2024-08-01T20:10:57Z | |
| 95-hres-1351 | 95 | hres | 1351 | A resolution directing that the Committee on Ways and Means conduct a review of the Mccarthy Plan for national property tax relief. | Taxation | 1978-09-15 | 1978-09-15 | Referred to House Committee on Ways and Means. | House | Rep. Brown, George E., Jr. [D-CA-36] | CA | D | B000918 | 0 | Directs the Ways and Means Committee of the House of Representatives to conduct a thorough and comprehensive review of the McCarthy plan for national property tax relief as a substitute for a reduction in Federal taxes. | 2024-08-01T19:56:54Z | |
| 95-hr-14077 | 95 | hr | 14077 | A bill to amend the Internal Revenue Code of 1954 in regard to the deductibility of expenses incurred in connection with foreign conventions. | Taxation | 1978-09-14 | 1978-09-14 | Referred to House Committee on Ways and Means. | House | Rep. Waggonner, Joe D., Jr. [D-LA-4] | LA | D | W000018 | 0 | Amends the Internal Revenue Code to revise the definition of a foreign convention, the rules regarding limits on subsistence expenses at such conventions, and the substantiation of such expenses for purposes of claiming an income tax deduction. | 2024-08-01T20:07:03Z | |
| 95-hr-14080 | 95 | hr | 14080 | A bill to amend the Internal Revenue Code of 1954 to allow certain low-and middle-income individuals a refundable tax credit for a certain portion of the property taxes paid by them on their principal residences or of the rent they pay for their principal residences. | Taxation | 1978-09-14 | 1978-09-14 | Referred to House Committee on Ways and Means. | House | Rep. Lent, Norman F. [R-NY-4] | NY | R | L000243 | 0 | Amends the Internal Revenue Code to allow certain low-and-middle income individuals a limited refundable income tax credit for the property taxes or rent paid by them for their principal residence. | 2024-08-01T20:06:58Z | |
| 95-hr-14082 | 95 | hr | 14082 | A bill to amend Section 1035(c) of the Tax Reform Act of 1976 relating to tax credit for production sharing contracts. | Taxation | 1978-09-14 | 1978-09-14 | Referred to House Committee on Ways and Means. | House | Rep. Rostenkowski, Dan [D-IL-8] | IL | D | R000458 | 0 | Amends the Internal Revenue Code to temporarily extend to domestic corporations which qualify as independent producers for purposes of the oil depletion allowance the foreign tax credit for production-sharing contracts. | 2024-08-01T20:06:55Z | |
| 95-hr-14086 | 95 | hr | 14086 | A bill to amend the Internal Revenue Code of 1954 to allow tenants a tax credit on houses or apartments based on a portion of the real estate taxes paid or incurred by their landlords. | Taxation | 1978-09-14 | 1978-09-14 | Referred to House Committee on Ways and Means. | House | Rep. Evans, David W. [D-IN-6] | IN | D | E000239 | 0 | Amends the Internal Revenue Code to allow an income tax credit for 25 percent of the amount of rent paid by the taxpayer which is equal to the taxpayer's proportionate share of the local and State property taxes imposed on the land and building in which his dwelling unit is located. | 2024-08-01T20:07:01Z | |
| 95-hconres-711 | 95 | hconres | 711 | A resolution expressing the sense of Congress with respect to the Internal Revenue Service's proposed revenue procedure on private tax exempt schools. | Taxation | 1978-09-13 | 1978-09-13 | Referred to House Committee on Ways and Means. | House | Rep. McDonald, Lawrence P. [D-GA-7] | GA | D | M000413 | 0 | Declares that it is the sense of Congress that the "Proposed Revenue Procedure on Private Tax-Exempt Schools" should not be adopted by the Internal Revenue Service. | 2024-08-01T19:56:04Z | |
| 95-hr-14069 | 95 | hr | 14069 | A bill to amend the Internal Revenue Code of 1954 to provide an inflation adjustment for the amount exempted from gift tax. | Taxation | 1978-09-13 | 1978-09-13 | Referred to House Committee on Ways and Means. | House | Rep. McDonald, Lawrence P. [D-GA-7] | GA | D | M000413 | 0 | Amends the Internal Revenue Code to increase the gift tax annual exclusion to $6,100 (with a cost of living adjustment for the quarter in which the gift is made) beginning in 1978. | 2024-08-01T20:07:03Z | |
| 95-s-3497 | 95 | s | 3497 | A bill to amend the Internal Revenue Code of 1954 to allow a taxpayer who does not itemize his deductions to deduct amounts paid as State and local income taxes from gross income. | Taxation | 1978-09-13 | 1978-09-13 | Referred to Senate Committee on Finance. | Senate | Sen. Moynihan, Daniel Patrick [D-NY] | NY | D | M001054 | 0 | Amends the Internal Revenue Code to permit a taxpayer who does not itemize his deductions to deduct from gross income amounts paid as State and local income taxes. | 2024-08-01T20:10:56Z | |
| 95-hr-14061 | 95 | hr | 14061 | A bill to amend the Internal Revenue Code of 1954 and the Social Security Act to allow the disclosure of the mailing address of an individual for use in collecting certain unpaid student loans and for use in verifying information given by an applicant for such a student loan, and for other purposes. | Taxation | 1978-09-12 | 1978-09-12 | Referred to House Committee on Ways and Means. | House | Rep. Mottl, Ronald M. [D-OH-23] | OH | D | M001044 | 13 | Amends the Internal Revenue Code to permit the Secretary of the Treasury, upon the written request of the Secretary of Health, Education, and Welfare, to disclose the tax return information of any individual taxpayer who has applied for a student loan under the Higher Education Act of 1965 solely for the use of the Secretary in verifying information on such taxpayer's application. Permits the Commissioner of Education to release such information to educational institutions participating in the student loan program. Permits the Secretary of the Treasury to disclose the Commissioner the address of any individual taxpayer who has defaulted on a student loan. Permits the Commissioner to release addresses to participating educational institutions solely for use in locating defaulters. Amends Title XI (General Provisions) of the Social Security Act to authorize the Secretary of Health, Education, and Welfare to disclose to the Commissioner of Education, upon his written request, the mailing address of any social security benefit recipient who has defaulted on a student loan. Permits the Commissioner to release addresses to educational institutions participating in the student loan program. | 2024-08-01T20:07:03Z | |
| 95-hr-14041 | 95 | hr | 14041 | A bill to amend the Internal Revenue Code of 1954 to clarify the application of the investment tax credit to certain enclosures or structures used for the housing, raising, or feeding of poultry or their produce. | Taxation | 1978-09-11 | 1978-09-11 | Referred to House Committee on Ways and Means. | House | Rep. Pickle, J. J. [D-TX-10] | TX | D | P000328 | 3 | Amends the Internal Revenue Code to allow a ten percent investment tax credit for the construction of enclosures or structures used exclusively for the housing, raising, or feeding of poultry or their produce. | 2024-08-01T20:06:57Z | |
| 95-hr-14049 | 95 | hr | 14049 | A bill to amend sections 170, 2055, and 2522 of the Internal Revenue Code of 1954 to provide a deduction for income, estate, and gift tax purposes for contributions to a section 501(c)(10) organization for the purpose of building or maintaining a building. | Taxation | 1978-09-11 | 1978-09-11 | Referred to House Committee on Ways and Means. | House | Rep. Tucker, James G., Jr. (Jim Guy) [D-AR-2] | AR | D | T000400 | 0 | Amends the Internal Revenue Code to provide income, estate and gift tax deductions for charitable contributions for the construction or maintenance of buildings for tax-exempt lodge organizations. | 2024-08-01T20:06:58Z | |
| 95-s-3491 | 95 | s | 3491 | Jobs Credit Extension Act | Taxation | 1978-09-11 | 1978-09-11 | Referred to Senate Committee on Finance. | Senate | Sen. Haskell, Floyd K. [D-CO] | CO | D | H000317 | 8 | Jobs Credit Extension Act - Amends the Internal Revenue Code to extend the existing tax credit for the employment of new employees through December 31, 1980. Revises the credit to permit a taxpayer election to offset against tax liability 35 percent of the excess of unemployment wages paid during a calendar year over the amount of such wages paid during the previous year. Eliminates the requirements that the credit not exceed 50 percent of the increase in unemployment wages during a calendar year over 105 percent of the wages paid in the previous year and that the credit apply to unemployment wages paid during the calendar year which exced 102 percent of the wages paid in the preceding year. Limits the amount of the tax credit to $25,000. Allows an additional ten percent credit for the employment of physically or mentally handicapped individuals. Extends eligibility for the credit to the maritime industry. | 2025-09-02T17:14:29Z | |
| 95-hr-14021 | 95 | hr | 14021 | A bill to amend the Internal Revenue Code of 1954 to permit a church plan to continue after 1982 to provide benefits for employees of organizations controlled by or associated with the church and to make certain clarifying amendments to the definition of church plan. | Taxation | 1978-09-08 | 1978-09-08 | Referred to House Committee on Ways and Means. | House | Rep. Conable, Barber B., Jr. [R-NY-35] | NY | R | C000666 | 1 | Amends the Internal Revenue Code to make permanent the special tax treatment of church agency pension plans as qualified church plans. Provides that plans maintained by groups or associations of churches include individuals "substantially all" of whom are qualified beneficiaries. Allows such plans to retain accrued benefits, according to their terms, or to continue receiving contributions for up to five years for separated employees. Allows any plan which is determined to have failed to meet church plan requirements a grace period of 270 days, or any other period specified by the Secretary of the Treasury or a court in an adjudication of such an issue, to bring itself into compliance without becoming disqualified. Applies these provisions retroactively to 1974. | 2024-08-01T20:06:57Z | |
| 95-hr-14022 | 95 | hr | 14022 | A bill to amend section 403(b) of the Internal Revenue Code of 1954 with respect to computation of the exclusion allowance for ministers and lay employees of the church. | Taxation | 1978-09-08 | 1978-09-08 | Referred to House Committee on Ways and Means. | House | Rep. Conable, Barber B., Jr. [R-NY-35] | NY | R | C000666 | 1 | Amends the Internal Revenue to provide that, for purposes of computing the allowable retirement plan exclusion and employer contributions allowance for church employees, all years of service for a church, church convention, church association or an agency for such principals, shall be considered employment for one employer. | 2024-08-01T20:06:57Z | |
| 95-hr-14023 | 95 | hr | 14023 | A bill to amend the Internal Revenue Code of 1954 to extend the special elections for section 403(b) annuity contracts to employees of churches, conventions, or associations of churches, and their agencies and to permit a de minimis contribution amount in lieu of such elections. | Taxation | 1978-09-08 | 1978-09-08 | Referred to House Committee on Ways and Means. | House | Rep. Conable, Barber B., Jr. [R-NY-35] | NY | R | C000666 | 1 | Amends the Internal Revenue Code to provide church employees the same power presently enjoyed by employees of tax-exempt health and education organizations to elect alternative exclusion allowances for contributions to annuity contracts. Provides a minimum allowance of $10,000 for annual additions to these contracts without respect to the amount of the employee's compensation. | 2024-08-01T20:06:57Z | |
| 95-hr-14032 | 95 | hr | 14032 | A bill to amend the Internal Revenue Code of 1954 to increase the dollar amount which is required before certain gambling winnings are subject to income tax withholding. | Taxation | 1978-09-08 | 1978-09-08 | Referred to House Committee on Ways and Means. | House | Rep. Schulze, Richard T. [R-PA-5] | PA | R | S000146 | 0 | Amends the Internal Revenue Code to increase to $5,000 the amount of gambling winnings that are not subject to withholding of income tax. | 2024-08-01T20:06:57Z | |
| 95-s-3489 | 95 | s | 3489 | A bill to amend the Internal Revenue Code of 1954 to allow an additional carryback of 7 years for excessive net operating losses attributable to product liability. | Taxation | 1978-09-08 | 1978-09-08 | Referred to Senate Committee on Finance. | Senate | Sen. Culver, John C. [D-IA] | IA | D | C000979 | 0 | Amends the Internal Revenue Code to permit a taxpayer who incurs product liability losses to carryback such losses as net operating business losses for an additional seven years beyond the three-year period presently allowed by law. | 2024-08-01T20:10:56Z | |
| 95-hr-13976 | 95 | hr | 13976 | IRA-Employer Plan Coordination Act | Taxation | 1978-09-06 | 1978-09-06 | Referred to House Committee on Ways and Means. | House | Rep. Corman, James C. [D-CA-21] | CA | D | C000780 | 1 | IRA-Employer Plan Coordination Act - Amends the Internal Revenue Code to extend to participants in tax-exempt employer pension plans the income tax deduction for cash contributions to a retirement savings account. Limits such deduction to the excess of the lesser of $1,500 ($1,750 for spousal plans) or an amount equal to 15 percent of an individual's employment compensation for a taxable year, over the total amount of contributions to a tax-exempt private employer plan to which such individual has a nonforfeitable right to 100 percent of his accrued benefits. Reduces, by five percent, the allowable deduction for participants in a multiemployer defined benefit plan or a church plan. Disallows deductions for employees covered by government plans, owner-employees, officers of corporations maintaining a plan, ten percent shareholders, and individuals who have attained age 70 1/2. Disallows deductions for individuals who are otherwise qualified but who do not conform to methods prescribed by the Secretary of the Treasury for computing the total amount of plan contributions for a taxable year. Sets forth rules for the mandatory distribution of certain amounts from an individual retirement plan when an individual acquires a nonforfeitable right to 100 percent of his accrued benefits under a tax-exempt private employer plan. Requires an individual retirement account to contain a method for determining the taxable year in which specific contributions are made to it and the amount of income and loss which is attributable to a specific contribution for each taxable year. | 2025-09-02T17:11:31Z | |
| 95-hr-13978 | 95 | hr | 13978 | A bill to amend the Internal Revenue Code of 1954 to make certain changes in the rules used in determining whether corporations are members of a controlled group. | Taxation | 1978-09-06 | 1978-09-06 | Referred to House Committee on Ways and Means. | House | Rep. Duncan, John J. [R-TN-2] | TN | R | D000534 | 0 | Amends the Internal Revenue Code to make certain changes in the rules used in determining whether corporations are members of a controlled group for purposes of multiple tax benefits. | 2024-08-01T20:06:57Z | |
| 95-hr-13979 | 95 | hr | 13979 | A bill to amend the Internal Revenue Code of 1954 to allow individuals a credit against income tax for qualified fire detector expenses. | Taxation | 1978-09-06 | 1978-09-06 | Referred to House Committee on Ways and Means. | House | Rep. Eilberg, Joshua [D-PA-4] | PA | D | E000096 | 0 | Amends the Internal Revenue Code to allow a tax credit for expenses related to the purchase and installation of a fire detector in the home of the taxpayer. | 2024-08-01T20:06:56Z | |
| 95-hr-13982 | 95 | hr | 13982 | A bill to amend the Internal Revenue Code of 1954 to clarify the eligibility for the investment tax credit of structures used for housing, raising, or feeding hogs. | Taxation | 1978-09-06 | 1978-09-06 | Referred to House Committee on Ways and Means. | House | Rep. Grassley, Chuck [R-IA-3] | IA | R | G000386 | 0 | Amends the Internal Revenue Code to specify requirements regarding the use of structures for the housing, raising, or feeding of hogs, for purposes of the investment tax credit. | 2024-08-01T20:06:57Z | |
| 95-hr-13992 | 95 | hr | 13992 | A bill to amend the Internal Revenue Code of 1954 to allow alimony to be used in determining the limit on the deduction for retirement savings. | Taxation | 1978-09-06 | 1978-09-06 | Referred to House Committee on Ways and Means. | House | Rep. Kemp, Jack [R-NY-38] | NY | R | K000086 | 0 | Amends the Internal Revenue Code to include alimony payments in the computation of the amount of income upon which the income tax deduction for contributions to a retirement savings account will be based. | 2024-08-01T20:06:56Z | |
| 95-s-3463 | 95 | s | 3463 | A bill to amend Section 1035 (c) of the Tax Reform Act of 1976 relating to tax credit for production sharing contracts. | Taxation | 1978-08-25 | 1978-08-25 | Referred to Senate Committee on Finance. | Senate | Sen. Wallop, Malcolm [R-WY] | WY | R | W000092 | 0 | Amends the Internal Revenue Code to temporarily extend to domestic corporations which qualify as independent producers for purposes of the oil depletion allowance the foreign tax credit for production-sharing contracts. | 2024-08-01T20:10:56Z | |
| 95-s-3464 | 95 | s | 3464 | A bill to amend the Internal Revenue Code of 1954 to allow a credit against income tax liability for increases in social security taxes resulting from increases in social security tax rates, and the contribution and benefit base effective after December 31, 1978. | Taxation | 1978-08-25 | 1978-08-25 | Referred to Senate Committee on Finance. | Senate | Sen. Stone, Richard (Dick) [D-FL] | FL | D | S000962 | 0 | Amends the Internal Revenue Code to allow employers and employees an income tax credit for a portion of the social security taxes paid during the taxable year. | 2024-08-01T20:10:56Z | |
| 95-s-3465 | 95 | s | 3465 | A bill to amend the Internal Revenue Code of 1954 to treat as public charities certain institutions which operate libraries. | Taxation | 1978-08-25 | 1978-08-25 | Referred to Senate Committee on Finance. | Senate | Sen. Danforth, John C. [R-MO] | MO | R | D000030 | 0 | Amends the Internal Revenue Code to treat a library established by State or Federal law as a charitable institution for purposes of the charitable income tax deduction. | 2024-08-01T20:10:56Z | |
| 95-s-3466 | 95 | s | 3466 | A bill to amend the Internal Revenue Code of 1954 to change the period for the payment of taxes under section 4161 (a) of such code. | Taxation | 1978-08-25 | 1978-08-25 | Referred to Senate Committee on Finance. | Senate | Sen. Nelson, Gaylord [D-WI] | WI | D | N000033 | 3 | Amends the Internal Revenue Code to change the period for the payment of the manufacturers' excise tax imposed on the sale of fishing equipment. Provides that the tax on such equipment sold during quarters ending on December 31, March 31, and June 30 is payable, respectively, on March 31, June 30, and September 24. Specifies that articles sold during the quarter ending September 30, shall be due at such time as the Secretary of the Treasury may prescribe. | 2024-08-01T20:10:56Z | |
| 95-s-3455 | 95 | s | 3455 | A bill to amend the Internal Revenue Code of 1954 to allow a credit for contributions to the United States Olympic Committee. | Taxation | 1978-08-23 | 1978-08-23 | Referred to Senate Committee on Finance. | Senate | Sen. Matsunaga, Spark M. [D-HI] | HI | D | M000250 | 11 | Amends the Internal Revenue Code to allow a tax credit equal to one-half of contributions made to the United States Olympic Committee. | 2024-08-01T20:10:55Z | |
| 95-s-3430 | 95 | s | 3430 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the value of stock received under qualified dividend reinvestment plans. | Taxation | 1978-08-18 | 1978-08-18 | Referred to Senate Committee on Finance. | Senate | Sen. Nelson, Gaylord [D-WI] | WI | D | N000033 | 0 | Amends the Internal Revenue Code to exclude from gross income a corporate stock distribution to a stockholder based upon the reinvestment of stock dividends in the corporation by such stockholder pursuant to his election to participate in a qualified reinvestment plan, as defined in this Act. Limits the amount of any stock distribution to $1,500. Establishes a rebuttable presumption that a distribution made by a corporation which purchases its common stock within one year of such distribution shall not be deemed a distribution pursuant to a qualified dividend reinvestment. | 2024-08-01T20:10:55Z | |
| 95-s-3433 | 95 | s | 3433 | To amend the Internal Revenue Code of 1954 to clarify the application of the investment tax credit to certain enclosures or structures used for single purpose food or plant production. | Taxation | 1978-08-18 | 1978-08-18 | Referred to Senate Committee on Finance. | Senate | Sen. Talmadge, Herman E. [D-GA] | GA | D | T000035 | 4 | Amends the Internal Revenue Code to allow, retroactively to August 15, 1971, the investment tax credit for the construction of agricultural structures used for single purpose food and plant production. | 2024-08-01T20:10:55Z | |
| 95-hr-13913 | 95 | hr | 13913 | A bill to amend Sections 856 and 857 of the Internal Revenue Code of 1954 to exclude from the application of the 100% tax on prohibited transactions the sale of certain property held for more than four years and to extend the period during which property may be treated as foreclosure property. | Taxation | 1978-08-17 | 1978-08-17 | Referred to House Committee on Ways and Means. | House | Rep. Conable, Barber B., Jr. [R-NY-35] | NY | R | C000666 | 1 | Amends the Internal Revenue Code to exempt from the 100 percent tax on prohibited transactions by a real estate investment trust the sale of real property if the trust has held such property for at least four years, has not made expenditures for improvement of such property during the four year holding period in excess of 20 percent of the selling price, has not made more than five sales of property in any taxable year, and has held the property for the production of rental income for at least four years. Extends the period during which a real estate investment trust must dispose of its foreclosure property to six years. | 2024-08-01T20:06:56Z | |
| 95-hr-13914 | 95 | hr | 13914 | A bill to amend the Internal Revenue Code of 1954 to allow a retirement savings deduction for persons covered by certain pension plans. | Taxation | 1978-08-17 | 1978-08-17 | Referred to House Committee on Ways and Means. | House | Rep. Corcoran, Tom [R-IL-15] | IL | R | C000773 | 0 | Amends the Internal Revenue Code to allow a deduction from the gross income of an employee for cash contributions made for his benefit to: (1) a qualified pension, profit sharing, or stock bonus plan; (2) a qualified annuity plan; (3) a qualified bond purchase plan; or (4) an individual retirement account. Limits such deduction to ten percent of the employee's compensation for the taxable year or $1,000, whichever is less. | 2024-08-01T20:06:56Z | |
| 95-hr-13940 | 95 | hr | 13940 | A bill to amend the Internal Revenue Code of 1954 to provide a credit against income tax to owners of certain farmland who, in a covenant binding themselves and all future owners of their land, restrict the use of such land to use as farmland. | Taxation | 1978-08-17 | 1978-08-17 | Referred to House Committee on Ways and Means. | House | Rep. Walker, Robert S. [R-PA-16] | PA | R | W000068 | 0 | Amends the Internal Revenue Code to allow a tax credit for owners of farmland who agree in a covenant which is binding upon them and all future owners not to use such farmland for any purpose other than farming. Limits such credit to five percent of the fair market value of the farmland on the date the covenant is recorded. | 2024-08-01T20:06:56Z | |
| 95-hr-13947 | 95 | hr | 13947 | A bill to amend the Internal Revenue Code of 1954 to increase the amount allowable as a deduction for retirement savings and to allow a deduction for retirement savings of individuals covered by certain types of retirement plans. | Taxation | 1978-08-17 | 1978-08-17 | Referred to House Committee on Ways and Means. | House | Rep. Cochran, Thad [R-MS-4] | MS | R | C000567 | 0 | Amends the Internal Revenue Code to increase the income tax deduction for contributions to retirement savings accounts to $5,000 for taxable years beginning in 1979 with yearly cost-of-living increases for succeeding taxable years. Permits participants in tax-exempt retirement plans, qualified annuity and bond purchase plans, and government retirement plans to claim the same deduction for contributions to retirement savings accounts as non-participants subject to a reduction in the amount of such deduction for any contributions made to such plans in a taxable year. | 2024-08-01T20:06:56Z | |
| 95-hr-13951 | 95 | hr | 13951 | A bill to amend the Internal Revenue Code of 1954 to treat as public charities certain institutions which operate libraries. | Taxation | 1978-08-17 | 1978-08-17 | Referred to House Committee on Ways and Means. | House | Rep. Gephardt, Richard A. [D-MO-3] | MO | D | G000132 | 0 | Amends the Internal Revenue Code to treat a library established by State or Federal law as a charitable institution for purposes of the charitable income tax deduction. | 2024-08-01T20:06:56Z | |
| 95-hr-13962 | 95 | hr | 13962 | A bill to increase the amount allowable as deduction for retirement savings. | Taxation | 1978-08-17 | 1978-08-17 | Referred to House Committee on Ways and Means. | House | Rep. Meyner, Helen S. [D-NJ-13] | NJ | D | M000685 | 0 | Amends the Internal Revenue Code to increase the income tax deduction for contributions to retirement savings accounts to $2,300 ($2,700 for certain married individuals) for taxable years beginning in 1978 with yearly cost-of-living increases for taxable years beginning after 1978. | 2024-08-01T20:06:56Z | |
| 95-hr-13897 | 95 | hr | 13897 | A bill to amend the Internal Revenue Code of 1954 to provide an excise tax exemption for experimental aircraft. | Taxation | 1978-08-16 | 1978-08-16 | Referred to House Committee on Ways and Means. | House | Rep. Steiger, William A. [R-WI-6] | WI | R | S000847 | 0 | Amends the Internal Revenue Code to include antique, experimental, and home-built aircraft within the exemption from fuel excise taxes granted to government chartered air museums operated exclusively for the procurement, care, and exhibition of World War II combat or transport aircraft. | 2024-08-01T20:06:55Z | |
| 95-hr-13902 | 95 | hr | 13902 | A bill to amend the Internal Revenue Code of 1954 to provide that certain farm buildings shall be eligible for the investment tax credit. | Taxation | 1978-08-16 | 1978-08-16 | Referred to House Committee on Ways and Means. | House | Rep. Railsback, Thomas F. [R-IL-19] | IL | R | R000012 | 0 | Amends the Internal Revenue Code to qualify buildings used in connection with, or in the trade or business of, farming for the investment tax credit. | 2024-08-01T20:06:48Z | |
| 95-s-3419 | 95 | s | 3419 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income a portion of payments made under certain Federal and State cost-sharing programs the primary purpose of which is conservation of soil and water resources, environmental protection or restoration, forest enhancement, or the provision of wildlife habitat. | Taxation | 1978-08-16 | 1978-08-16 | Referred to Senate Committee on Finance. | Senate | Sen. Culver, John C. [D-IA] | IA | D | C000979 | 6 | Amends the Internal Revenue Code to exclude from gross income payments made to landowners under: (1) the water bank program of the Water Bank Act; (2) the emergency conservation measures program of the Agricultural Credit Act of 1978; (3) the Great Plains conservation program of the Soil Conservation and Domestic Policy Act; (4) the agricultural Conservation program of the Soil Conservation and Domestic Allotment Act; (5) the resource conservation and development program of the Bankhead-Jones Farm Tenant Act and the Soil Conservation and Domestic Allotment Act; (6) the rural clean water program of the Federal Water Pollution Control Act; (7) the forestry incentives program of the Cooperative Forestry Assistance Act of 1978; (8) the rural abandoned mine program of the Surface Mining Control and Reclamation Act of 1977; and (9) any similar State program established for the purposes of conserving soil and water resources and protecting the environment. | 2024-08-01T20:10:55Z | |
| 95-s-3420 | 95 | s | 3420 | Revenue Act | Taxation | 1978-08-16 | 1978-08-16 | Referred to Senate Committee on Finance. | Senate | Sen. Hathaway, William D. [D-ME] | ME | D | H000346 | 0 | Revenue Act - Title I: Short Title, Etc. - Entitles this Act the "Revenue Act of 1978" and provides that amendments made by this Act shall apply to taxable years beginning after December 31, 1978. Title II: Tax Treatment of Individuals - Amends the Internal Revenue Code to reduce income taxes for individuals and trusts and estates. Increases the minimum income levels at which individuals are required to file tax returns. Eliminates deductions for personal exemptions and the general tax credit. Establishes a $275 personal tax credit for a taxpayer, spouse and dependents, and additional credits if the taxpayer or spouse is blind or has attained age 65. Revises requirements for the withholding of income tax to reflect the substitution of the personal tax credit for personal exemptions. Lowers from 65 to 55 the age requirement for the exclusion of gain on the sale or exchange of the taxpayer's principal residence. Eliminates the $35,000 ceiling on the adjusted sales price of a principal residence for purposes of computing the amount of gain excludable. Exempts gain from the sale or exchange of a principal residence from the minimum tax. Allows a tax credit equal to 50 percent of the State and local real property taxes paid by a taxpayer on his principal residence in a taxable year. Limits the credit to $1,000 for a taxable year. Increases the allowable amount of the earned income credit. Eliminates the requirement that an individual maintain a household in the United States to be eligible for the earned income credit. Requires employers to make advance payments of the earned income credit to employees certified as qualifying for the credit during the current year. Treats payment of this advance credit as payment of the employer's FICA and withholding amounts, and treats failure to make advance payments as a failure to deduct and withhold FICA amounts when they would otherwise be due. Provides that any amount refunded to an individual as an earned income credit shall not be treated as income for purposes o… | 2025-09-02T17:14:29Z | |
| 95-hr-13882 | 95 | hr | 13882 | Expanded Employee Stock Ownership Act | Taxation | 1978-08-15 | 1978-08-15 | Referred to House Committee on Ways and Means. | House | Rep. Waggonner, Joe D., Jr. [D-LA-4] | LA | D | W000018 | 1 | Expanded Employee Stock Ownership Act - Amends the Internal Revenue Code to allow an investment tax credit equal to the greater of two percent of the cost of qualified depreciable investment property or one percent of the total compensation paid to employees who participate in a special employee stock ownership plan for corporations which establish such a stock ownership plan. Limits the credit to $50,000 of the taxpayer's tax liability plus 95 percent of the excess of $50,000 with a carryback of three years and a carryover of seven years. Sets forth requirements for the establishment of a special employee stock ownership plan, including requirements that: (1) employer securities transferred to a plan be equal in amount to the credit claimed; (2) at least one-half of such employer securities qualify as newly issued employer securities; (3) the plan provide for the allocation of employer securities to employee-participants on the basis of income; and (4) the plan provide each participant with a nonforfeitable right to stock allocated to his account. Excludes employee stock ownership plan annuities and certain other pension plan annuities (that are currently includible) from inclusion in the gross estate for purposes of the estate tax. Qualifies employee stock ownership plan participants for the retirement savings income tax deduction. Exempts plan participants from providing a put option contract for the sale of supposed stock on a future day for any securities distributed from a plan which permits such participants to receive cash instead of a distribution of securities. Grants an income tax deduction to employers for the payment of dividends with respect to employer securities and permits a deduction for certain bequests and charitable contributions to an employee stock ownership plan. Eliminates contributions made to an employee stock ownership plan as an item of tax preference for purposes of the minimum tax. | 2025-09-02T17:11:24Z | |
| 95-hr-13883 | 95 | hr | 13883 | IRA-Employer Plan Coordination Act | Taxation | 1978-08-15 | 1978-08-15 | Referred to House Committee on Ways and Means. | House | Rep. Brodhead, William [D-MI-17] | MI | D | B000862 | 0 | IRA-Employer Plan Coordination Act - Amends the Internal Revenue Code to extend to participants in tax-exempt employer pension plans the income tax deduction for cash contributions to a retirement savings account. Limits such deduction to the excess of the lesser of $1,500 ($1,750 for spousal plans) or an amount equal to 15 percent of an individual's employment compensation for a taxable year, over the total amount of contributions to a tax-exempt private employer plan to which such individual has a nonforfeitable right to 100 percent of his accrued benefits. Reduces, by five percent, the allowable deduction for participants in a multiemployer defined benefit plan or a church plan. Disallows deductions for employees covered by government plans, owner-employees, officers of corporations maintaining a plan, ten percent shareholders, and individuals who have attained age 70 1/2. Disallows deductions for individuals who are otherwise qualified but who do not conform to methods prescribed by the Secretary of the Treasury for computing the total amount of plan contributions for a taxable year. Sets forth rules for the mandatory distribution of certain amounts from an individual retirement plan when an individual acquires a nonforfeitable right to 100 percent of his accrued benefits under a tax-exempt private employer plan. Requires an individual retirement account to contain a method for determining the taxable year in which specific contributions are made to it and the amount of income and loss which is attributable to a specific contribution for each taxable year. | 2025-09-02T17:11:24Z | |
| 95-hr-13884 | 95 | hr | 13884 | A bill to provide for an alternative amortization period for pollution control facilities. | Taxation | 1978-08-15 | 1978-08-15 | Referred to House Committee on Ways and Means. | House | Rep. Kemp, Jack [R-NY-38] | NY | R | K000086 | 2 | Amends the Internal Revenue Code to provide for an alternative 12-month period to the existing 60-month period of amortization for a new, identifiable certified pollution control facility acquired, or whose construction began, after December 31, 1976. | 2024-08-01T20:06:47Z | |
| 95-hr-13886 | 95 | hr | 13886 | A bill to amend the Internal Revenue Code of 1954 to suspend the imposition of interest and to prohibit the imposition of a penalty for failure to pay tax on underpayments of tax resulting from erroneous advice given in writing by the Internal Revenue Service. | Taxation | 1978-08-15 | 1978-08-15 | Referred to House Committee on Ways and Means. | House | Rep. Wolff, Lester L. [D-NY-6] | NY | D | W000680 | 1 | Amends the Internal Revenue Code to exempt taxpayers from the payment of interest or a penalty on tax deficiencies attributable to erroneous advice obtained in writing from an Internal Revenue Service Officer or employee acting in an official capacity. | 2024-08-01T20:06:47Z | |
| 95-s-3410 | 95 | s | 3410 | A bill to amend the Internal Revenue Code of 1954 to provide an exclusion from gross income of the first $1,500 of net capital gains. | Taxation | 1978-08-15 | 1978-08-15 | Referred to Senate Committee on Finance. | Senate | Sen. Nelson, Gaylord [D-WI] | WI | D | N000033 | 0 | Amends the Internal Revenue Code to exclude from gross income the first $1,500 of net capital gain, other than gain attributable to the sale or exchange of a principal residence. | 2024-08-01T20:10:54Z | |
| 95-s-3404 | 95 | s | 3404 | A bill to provide rapid depreciation for certain expenditures required by mandatory OSHA health and safety standards. | Taxation | 1978-08-14 | 1978-08-14 | Referred to Senate Committee on Finance. | Senate | Sen. Bentsen, Lloyd M. [D-TX] | TX | D | B000401 | 1 | Amends the Internal Revenue Code to allow the accelerated depreciation (three year useful life with no salvage value) of equipment required to meet mandatory occupational health and safety standards. | 2024-08-01T20:10:54Z | |
| 95-s-3409 | 95 | s | 3409 | Real Property Tax Reduction Act | Taxation | 1978-08-14 | 1978-08-14 | Referred to Senate Committee on Governmental Affairs. | Senate | Sen. Biden, Joseph R., Jr. [D-DE] | DE | D | B000444 | 0 | Real Property Tax Reduction Act - Makes findings regarding the real property tax system and its impact on the elderly and low or moderate income homeowner or renter. Declares the purpose of this Act to be the encouragement of State and local governments, with Federal financial assistance, to establish a program of property tax relief for the elderly, poor, and renters who pay such tax as part of their rent. Authorizes the Secretary of the Treasury to make payments to States or local governments which establish programs which provide levels of property tax relief based upon the income of an individual homeowner or renter. Places limitations on the amount of payments which a State or locality may receive. Establishes procedures for review of an application for Federal payments under this Act by the Secretary and provides for an appeal to a United States court of appeals of an unfavorable determination by the Secretary. | 2025-09-02T17:14:32Z | |
| 95-hr-13842 | 95 | hr | 13842 | A bill to amend the Internal Revenue Code of 1954 and the Social Security Act to allow the disclosure of the mailing address of an individual for use in collecting certain unpaid student loans and for use in verifying information given by an applicant for such a student loan, and for other purposes. | Taxation | 1978-08-11 | 1978-08-11 | Referred to House Committee on Ways and Means. | House | Rep. Mottl, Ronald M. [D-OH-23] | OH | D | M001044 | 0 | Amends the Internal Revenue Code to permit the Secretary of the Treasury, upon the written request of the Secretary of Health, Education, and Welfare, to disclose the tax return information of any individual taxpayer who has applied for a student loan under the Higher Education Act of 1965 solely for the use of the Secretary in verifying information on such taxpayer's application. Permits the Commissioner of Education to release such information to educational institutions participating in the student loan program. Permits the Secretary of the Treasury to disclose the Commissioner the address of any individual taxpayer who has defaulted on a student loan. Permits the Commissioner to release addresses to participating educational institutions solely for use in locating defaulters. Amends Title XI (General Provisions) of the Social Security Act to authorize the Secretary of Health, Education, and Welfare to disclose to the Commissioner of Education, upon his written request, the mailing address of any social security benefit recipient who has defaulted on a student loan. Permits the Commissioner to release addresses to educational institutions participating in the student loan program. | 2024-08-01T20:06:47Z | |
| 95-hr-13846 | 95 | hr | 13846 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income amounts received as prizes in connection with the New York State olympic lottery. | Taxation | 1978-08-11 | 1978-08-11 | Referred to House Committee on Ways and Means. | House | Rep. Rangel, Charles B. [D-NY-19] | NY | D | R000053 | 14 | Makes findings concerning the unavailability in the United States of adequate training facilities for athletes competing in the XII Olympic Winter Games. Amends the Internal Revenue Code to exclude from gross income prizes won in the New York State olympic lottery established pursuant to the New York State Tax Laws to raise revenue for the maintenance of the sports facilities constructed at Lake Placid. | 2024-08-01T20:06:47Z | |
| 95-hr-13826 | 95 | hr | 13826 | A bill to amend the Internal Revenue Code of 1954 to provide that certain farm buildings shall be eligible for the investment tax credit. | Taxation | 1978-08-10 | 1978-08-10 | Referred to House Committee on Ways and Means. | House | Rep. Leach, James A. [R-IA-1] | IA | R | L000169 | 23 | Amends the Internal Revenue Code to qualify buildings used in connection with, or in the trade or business of, farming for the investment tax credit. | 2024-08-01T20:06:47Z | |
| 95-hr-13829 | 95 | hr | 13829 | A bill to amend the Internal Revenue Code of 1954 to allow certain federally required nonproductive expenditures to be treated as expenses, and for other purposes. | Taxation | 1978-08-10 | 1978-08-10 | Referred to House Committee on Ways and Means. | House | Rep. Regula, Ralph [R-OH-16] | OH | R | R000141 | 0 | Amends the Internal Revenue Code to allow taxpayers to deduct all current expenditures for plants and facilities which are otherwise chargeable to capital account and which are certified as required by Federal law and as not significantly increasing the plant's or facility's value or productivity. Permits a taxpayer to compute depreciation deductions on the basis of a depreciation period of his own choosing rather than on the basis of the useful life of the property. | 2024-08-01T20:06:47Z |
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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);