legislation
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1,688 rows where congress = 96 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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| 96-s-3264 | 96 | s | 3264 | A bill to amend the Internal Revenue Code of 1954 to allow a deduction for home-care services provided by a taxpayer to members of the family. | Taxation | 1980-12-12 | 1980-12-12 | Referred to Senate Committee on Finance. | Senate | Sen. Jepsen, Roger W. [R-IA] | IA | R | J000101 | 0 | Amends the Internal Revenue Code to allow an income tax deduction for home health care expenditures for: (1) medical care for elderly family members, or services enabling such individuals to live in the taxpayer's principal residence rather than an institution; and (2) the construction, reconstruction, or renovation of such residence to remove barriers which would prevent such individuals from living in such residence. | 2021-06-14T20:10:29Z | |
| 96-hr-8451 | 96 | hr | 8451 | A bill to provide for simplified cost recovery in corporation income taxes, for the refundability of the investment tax credit up to $100,000, for nonrecognition of gain on certain sales and exchanges of interests in small business concerns, for incentives for research and experimentation in certain businesses and by institutions of higher education, and for election by married individuals to be taxed as unmarried individuals. | Taxation | 1980-12-09 | 1980-12-09 | Referred to House Committee on Ways and Means. | House | Rep. Downey, Thomas J. [D-NY-2] | NY | D | D000471 | 0 | Title I: Corporate Income Taxes, Simplified Cost Recovery Provisions - Amends the Internal Revenue Code to allow individual and corporate taxpayers an income tax deduction for a percentage of the cost of depreciable tangible property (recovery property) used in a trade or business or held for the production of income, which is placed in service after December 31, 1980. Establishes four classes and recovery periods for such property: (1) Class 1, two years; (2) Class 2, four years; (3) Class 3, seven years; and (4) Class 4, ten years. Requires assignment of property to the class which has a recovery period at least 40 percent shorter than its present midpoint useful life under the Asset Depreciation Range (ADR) system. Permits the taxpayer to elect placement of any item of property in the class with the next longer recovery period than the class to which it would otherwise belong. Defines the recovery percentage as the percentage (100 percent, 150 percent, or 200 percent) selected by the taxpayer for a class of items, divided by the number of years in the corresponding recovery period. Requires a taxpayer to establish a recovery account for each class of recovery property. Sets forth formulae for additions to and reductions in such account. Denies eligibility for the deduction to livestock, property subject to amortization, property depreciable on a basis other than time, public utility property, oil or gas fired boilers, and property used predominantly outside the United States. Increases from 20 percent to 30 percent the ADR variance from class life for public utility property. Shortens useful life requirements for investment tax credit property. Revises the applicable percentage for such property as follows: (1) 25 percent of the basis of an asset if its useful life is between two and four years (currently, 33 1/3 percent if useful life is between two and five years); (2) 60 percent of the basis of an asset if its useful life is between four and seven years (currently, 66 2/3 percent if useful life … | 2024-02-07T16:32:33Z | |
| 96-hr-8432 | 96 | hr | 8432 | A bill to amend the Internal Revenue Code of 1954 to provide for the establishment of the deduction of contributions to parents and students savings accounts for educational purposes. | Taxation | 1980-12-05 | 1980-12-05 | Referred to House Committee on Ways and Means. | House | Rep. Downey, Thomas J. [D-NY-2] | NY | D | D000471 | 0 | Amends the Internal Revenue Code to allow a deduction for contributions to a parents and students' savings (PASS) account created or organized exclusively for the purpose of paying the expenses at an institution of higher education or vocational school of the taxpayer, the child, parent or sibling of the taxpayer, or any person who meets specified qualifications. Limits the amount of such deduction to $1,500 per year, adjusted for inflation. Limits the duration of eligibility for such deduction to calendar years prior to the account beneficiary's 21st birthday, with specified exceptions. Excludes distributions from such an account from the gross income of the payee so long as such distributions are used to defray the beneficiary's tuition, fees, books and supplies, and reasonable living expenses. Specifies sanctions for the use of account funds for other than such educational purposes. Treats qualified distributions as income to the beneficiary for the taxable year in which the beneficiary accepts no payment from the fund and is not a student, and for each of the following four years, in successive apportionments equal to 20 percent of the total amount of such distributions. Specifies recordkeeping requirements. | 2024-02-07T16:32:33Z | |
| 96-hr-8433 | 96 | hr | 8433 | A bill to amend the Internal Revenue Code of 1954 with respect to the valuation of bank holding company assets for the purpose of determining the amount certain private foundations are required to distribute. | Taxation | 1980-12-05 | 1980-12-05 | Referred to House Committee on Ways and Means. | House | Rep. Frenzel, Bill [R-MN-3] | MN | R | F000380 | 0 | Amends the Internal Revenue Code with respect to the valuation of assets for the purpose of determining the amount that a private foundation which is a bank holding company is required to distribute to avoid the tax on undistributed income. Grants such a private foundation, where a substantial portion of its assets consists of securities in banks and bank related companies, the option of valuing such banks and companies by capitalizing the dividends paid at a capitalization rate of six percent. | 2024-02-07T16:32:33Z | |
| 96-hr-8434 | 96 | hr | 8434 | A bill to amend the Internal Revenue Code of 1954 to repeal the Family Rental Tax. | Taxation | 1980-12-05 | 1980-12-05 | Referred to House Committee on Ways and Means. | House | Rep. Hammerschmidt, John P. [R-AR-3] | AR | R | H000124 | 0 | Amends the Internal Revenue Code to allow income tax deductions related to the rental of a residence to a family member of the taxpayer if such family member pays a fair rental and uses such residence as the principal place of residence. | 2024-02-07T16:32:33Z | |
| 96-s-3251 | 96 | s | 3251 | Foreign Earned Income Exclusion Act of 1980 | Taxation | 1980-12-05 | 1980-12-05 | Referred to Senate Committee on Finance. | Senate | Sen. Moynihan, Daniel Patrick [D-NY] | NY | D | M001054 | 0 | Foreign Earned Income Exclusion Act of 1980 - Amends the Internal Revenue Code to exclude from the gross income of a United States citizen 80 percent of wages, salaries, professional fees, or other qualified compensation earned for services actually rendered while a bona fide resident of a foreign country or countries for an uninterrupted period including an entire taxable year, or, during any period of 12 consecutive months, while present in such country or countries at least 330 full days. Makes special rules for taxpayers who are: (1) engaged in a trade or business in which both personal services and capital are material income-producing factors; or (2) forced to leave a foreign country because of war or civil unrest precluding the normal conduct of business. Repeals the existing deduction for certain expenses of living abroad. | 2025-09-02T13:57:06Z | |
| 96-s-3252 | 96 | s | 3252 | A bill to amend the Internal Revenue Code to provide that, for purposes of the Federal estate tax, amounts contributed to certain cemetery companies may be deducted from the gross estate. | Taxation | 1980-12-05 | 1980-12-05 | Referred to Senate Committee on Finance. | Senate | Sen. Moynihan, Daniel Patrick [D-NY] | NY | D | M001054 | 0 | Amends the Internal Revenue Code to allow as a deduction from the gross estate for purposes of determining the taxable estate the amount of all bequests, legacies, devises, or transfers to a nonprofit: (1) cemetery company operated exclusively for the benefit of its members; or (2) corporation chartered solely for burial purposes as a cemetery corporation and not permitted to engage in any business not incidental to such purpose. | 2021-06-14T20:10:25Z | |
| 96-s-3253 | 96 | s | 3253 | A bill to amend section 280 of the Internal Revenue Code of 1954 to exclude from the application of such section expenses incurred by an author of a book or similar property in the writing of such book or property. | Taxation | 1980-12-05 | 1980-12-05 | Referred to Senate Committee on Finance. | Senate | Sen. Moynihan, Daniel Patrick [D-NY] | NY | D | M001054 | 0 | Amends the Internal Revenue Code to exempt an author's research and writing expenses from the requirement that the production expenses of a film, sound recording, book, or similar property be charged to capital account. Allows the period for filing a refund claim under this Act to run until one year following the date of enactment. | 2021-06-14T20:10:26Z | |
| 96-s-3254 | 96 | s | 3254 | Commuter Taxpayer Assistance Act of 1980 | Taxation | 1980-12-05 | 1980-12-05 | Referred to Senate Committee on Finance. | Senate | Sen. Moynihan, Daniel Patrick [D-NY] | NY | D | M001054 | 0 | Commuter Taxpayer Assistance Act of 1980 - Amends the Internal Revenue Code to exclude from an employee's gross income the value of a public transit pass distributed, under a written plan of the employer which does not discriminate in favor of employees who are officers, shareholders, or highly compensated employees, by such employer to such employee and used by such employee for commuting between his residence and place of employment. Requires the taxpayer to demonstrate that at least 80 percent of his commutes are with use of such passes provided by his employer. Declares such passes to be nontransferable. Allows a credit against the income tax of an employer of an amount equal to five percent of the cost of such passes. Requires substantiation of such costs with a receipt from the local transit authority. Requires the pass plan to be nondiscriminatory and in writing. | 2025-09-02T13:57:06Z | |
| 96-s-3255 | 96 | s | 3255 | A bill to amend the Internal Revenue Code to clarify when the costs of maintaining an office at home may be deducted. | Taxation | 1980-12-05 | 1980-12-05 | Referred to Senate Committee on Finance. | Senate | Sen. Moynihan, Daniel Patrick [D-NY] | NY | D | M001054 | 0 | Amends the Internal Revenue Code, with respect to tax deductions for business use of a dwelling unit, to allow such deductions so long as the portion of the dwelling unit devoted to business is: (1) exclusively used on a regular basis as a place of business; and (2) the principal place of one of the taxpayer's trades or businesses, even if not the principal place of his or her principal trade or business. | 2021-06-14T20:10:26Z | |
| 96-hr-8417 | 96 | hr | 8417 | A bill to amend the Internal Revenue Code of 1954 to exempt from income tax a certain portion of the pay received by members of the Armed Forces who have served at least 4 years. | Taxation | 1980-12-04 | 1980-12-04 | Referred to House Committee on Ways and Means. | House | Rep. Crane, Philip M. [R-IL-12] | IL | R | C000873 | 0 | Amends the Internal Revenue Code to exclude from gross income a specified portion of compensation received by members of the Armed Forces whose active service period exceeds four years. | 2024-02-07T16:32:33Z | |
| 96-hr-8420 | 96 | hr | 8420 | A bill to provide that the interest rates applicable for purposes of sections 482 and 483 of the Internal Revenue Code of 1954 shall not exceed the interest rates applicable for such purposes on August 1, 1980. | Taxation | 1980-12-04 | 1980-12-04 | Referred to House Committee on Ways and Means. | House | Rep. Hagedorn, Thomas M. [R-MN-2] | MN | R | H000012 | 0 | Freezes, as of August 1, 1980, interest rates applicable to provisions of the Internal Revenue Code governing Internal Revenue Service authority to allocate income and deductions among taxpayers and the imputation of interest on certain deferred payments. | 2024-02-07T16:32:33Z | |
| 96-hr-8424 | 96 | hr | 8424 | American Innovation Tax Incentive Act of 1980 | Taxation | 1980-12-04 | 1980-12-04 | Referred to House Committee on Ways and Means. | House | Rep. Rousselot, John H. [R-CA-26] | CA | R | R000469 | 7 | American Innovation Tax Incentive Act of 1980 - Amends the Internal Revenue Code to reduce the rate of tax on the net capital gains of individuals and corporations which realize gain from the sale of qualified securities issued by small business corporations. Defines "qualified securities" as stock or securities issued by corporations which meet specified requirements relating to size and employee ownership. | 2025-09-02T13:55:11Z | |
| 96-hr-8413 | 96 | hr | 8413 | A bill to amend the Internal Revenue Code of 1954 to provide for the exclusion from gross income of certain retirement benefits received by individuals who have attained age 55. | Taxation | 1980-12-03 | 1980-12-03 | Referred to House Committee on Ways and Means. | House | Rep. Oakar, Mary Rose [D-OH-20] | OH | D | O000001 | 0 | Amends the Internal Revenue Code to exclude from the gross income of individuals age 55 or over amounts up to $17,000 received as an annuity, pension, or other retirement benefit. | 2024-02-07T16:32:33Z | |
| 96-s-3237 | 96 | s | 3237 | A bill to amend the Internal Revenue Code to provide for inflation adjustments. | Taxation | 1980-12-03 | 1980-12-03 | Referred to Senate Committee on Finance. | Senate | Sen. Durenberger, Dave [R-MN] | MN | R | D000566 | 0 | Title I: Amends the Internal Revenue Code to require an annual cost-of-living adjustment, based on the Consumer Price Index (CPI), to the individual income tax rates, the personal exemption amount, and the withholding tables. Title II: Requires annual inflation adjustments (based on gross national product deflator adjustments) to corporate income tax rates. Title III: Requires inflation adjustments (based on the CPI) to specified capital assets for purposes of determining gain or loss. Title IV: Eliminates the declining balance and sum-of-the-years digits methods of computing allowable depreciation expenses. Limits deductions for such depreciation to amounts determined by a replacement cost straight line method, as formulated by this Act, or by any other consistent method which does not yield an amount which exceeds the total amount allowed under the property's useful life. Revises the formula for the adjusted basis for determining property gain. Title V: Declares that it is the sense of the Senate that the Committee on the Budget shall report a fiscal year 1982 Federal budget which: (1) is balanced in accordance with the adopted Congressional Budget; and (2) reserves any surplus for tax reductions, particularly such reductions as may be necessary to reduce Federal outlays for fiscal year 1982 to 21 percent of the gross national product. | 2021-06-14T20:10:21Z | |
| 96-s-3238 | 96 | s | 3238 | A bill to encourage film corporations to donate certain historical film to educational organizations by increasing the limit on the charitable contribution deduction of such corporations. | Taxation | 1980-12-03 | 1980-12-03 | Referred to Senate Committee on Finance. | Senate | Sen. Thurmond, Strom [R-SC] | SC | R | T000254 | 0 | Amends the Internal Revenue Code to increase the charitable contribution deduction of a film corporation which donates to a charitable organization historical motion picture film and library materials directly related to such film to 30 percent of such corporation's taxable income. | 2021-06-14T20:10:22Z | |
| 96-hr-8394 | 96 | hr | 8394 | Research and Experimentation Equipment Donations Tax Act of 1980 | Taxation | 1980-12-01 | 1980-12-01 | Referred to House Committee on Ways and Means. | House | Rep. Shannon, James M. [D-MA-5] | MA | D | S000286 | 0 | Research and Experimentation Equipment Donations Tax Act of 1980 - Amends the Internal Revenue Code to provide for an unreduced charitable tax deduction for the donation to a governmental unit or tax-exempt charitable organization, solely for educational purposes or for research or experimentation, of property constructed by the taxpayer. Requires such contribution within two years after completion of such construction. Allows such deduction without reduction for imputed gain. Makes special rules for donations of inventory. | 2025-09-02T13:55:11Z | |
| 96-s-3224 | 96 | s | 3224 | Family Farm Preservation Act | Taxation | 1980-11-20 | 1980-11-20 | Referred to Senate Committee on Finance. | Senate | Sen. Baucus, Max [D-MT] | MT | D | B000243 | 0 | Family Farm Preservation Act - Amends the Internal Revenue Code to require the inclusion in the unrelated business taxable income of an employee benefit plan of any gain from the sale or exchange of, and rents from, open land used for pasturage of livestock and farmland. Requires that deductions directly connected with such gain or rents be taken into account. | 2025-09-02T13:57:06Z | |
| 96-hr-8368 | 96 | hr | 8368 | A bill to amend the Internal Revenue Code of 1954 to provide that the investment tax credit shall apply to the acquisition of work and breeding horses to the extent that the cost of such horses does not exceed $100,000 for the taxable year. | Taxation | 1980-11-19 | 1980-11-19 | Referred to House Committee on Ways and Means. | House | Rep. Guarini, Frank J. [D-NJ-14] | NJ | D | G000511 | 3 | Amends the Internal Revenue Code to qualify work and breeding horses for investment tax credit treatment to the extent that the cost of such horses does not exceed $100,000 for the taxable year. | 2024-02-07T16:32:33Z | |
| 96-hr-8370 | 96 | hr | 8370 | A bill to amend the Internal Revenue Code of 1954 to increase the accumulated earnings credit from $150,000 to $300,000. | Taxation | 1980-11-19 | 1980-11-19 | 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 increase from $150,000 to $300,000 the minimum amount of retained earnings which a corporation may accumulate without being subject to the tax on accumulated earnings. | 2024-02-07T16:32:33Z | |
| 96-s-3213 | 96 | s | 3213 | A bill to amend the Internal Revenue Code of 1954 to repeal the 30 percent withholding tax on interest received by foreigners on certain portfolio investments. | Taxation | 1980-11-19 | 1980-11-19 | Referred to Senate Committee on Armed Services. | Senate | Sen. Bentsen, Lloyd M. [D-TX] | TX | D | B000401 | 0 | Amends the Internal Revenue Code to exempt from income taxation interest income received by a nonresident alien individual or foreign corporation on investments in a U.S. corporation or partnership, if such alien does not own, either directly or constructively, ten percent or more of the voting power of the corporation or ten percent or more of the capital or profits interest of the partnership. Sets forth criteria for determining the attribution of interests in such corporations or partnerships to a nonresident alien from other corporations, partnerships, or trusts. Provides for the denial of such tax exemption if the Secretary of the Treasury determines that the exchange of information between the United States and a foreign country is inadequate to enable the Secretary to identify the recipients of exempt interest income and that the exchange of such information is necessary to prevent evasion of taxes. | 2025-01-14T17:07:58Z | |
| 96-hr-8359 | 96 | hr | 8359 | A bill to amend the Internal Revenue Code of 1954 to exempt from the Federal motor fuels excise taxes fuel used in aircraft while engaged in certain activities related to planting, caring for, and harvesting of trees and other natural resources. | Taxation | 1980-11-18 | 1980-11-18 | Referred to House Committee on Ways and Means. | House | Rep. Duncan, Robert B. [D-OR-3] | OR | D | D000537 | 1 | Amends the Internal Revenue Code to exempt from the excise tax on motor fuels used in noncommercial aviation any fuel used in aircraft in connection with: (1) the planting, cultivating, caring for, or cutting of trees (including preventing and fighting forest fires); (2) transportation of logs from where cut; and (3) transportation of individuals, equipment, or supplies in the exploration for, or the development or removal of, natural resources. Prohibits any such aircraft from taking off from or landing at an airport eligible for assistance under the Airport and Airway Development Act of 1970. | 2024-02-07T16:32:33Z | |
| 96-s-3210 | 96 | s | 3210 | Fair Deal Amendments of 1980 | Taxation | 1980-11-18 | 1980-11-18 | Referred to Senate Committee on Finance. | Senate | Sen. Moynihan, Daniel Patrick [D-NY] | NY | D | M001054 | 0 | Fair Deal Amendment of 1980 - Amends the Internal Revenue Code to allow a crude oil producer to reduce his windfall profit tax liability by 25 percent of qualified State excess profits taxes actually paid by such producer. Limits such reduction to State taxes: (1) imposed (at a rate of no more than five percent) with respect to the gross receipts of oil companies only from sales within the State; or (2) imposed (at a rate of no more than ten percent) on a fraction of the producer's windfall profits represented by the ratio of such producer's total in-State sales of petroleum products to such producer's entire United States sales of such products; and (3) which are prohibited from being passed on to petroleum product purchasers. Requires that proceeds from any such State excess profits tax be dedicated to specified energy- related purposes. Disallows any income tax deduction for State excess profits taxes used as a basis for such reduction from the crude oil windfall profit tax. | 2025-09-02T13:57:06Z | |
| 96-s-3203 | 96 | s | 3203 | A bill to amend the Internal Revenue Code of 1954 with respect to the deduction of certain expenses in connection with the business use of homes and the rental of residences to family members, and for other purposes. | Taxation | 1980-11-17 | 1980-11-17 | Referred to Senate Committee on Finance. | Senate | Sen. Armstrong, William L. [R-CO] | CO | R | A000219 | 5 | Amends the Internal Revenue Code to extend the business expense deduction to any trade or business conducted in the home of the taxpayer. Eliminates the restrictions on the deductibility of expenses relating to the rental of a residence to a family member. Permits a taxpayer to make repairs on rental properties on a full-time basis without being treated as using such properties for personal purposes. | 2021-06-14T20:10:11Z | |
| 96-hr-8344 | 96 | hr | 8344 | A bill to amend the Internal Revenue Code of 1954 to allow individuals to take into account business deductions in the calculation of withholding allowances. | Taxation | 1980-11-13 | 1980-11-13 | 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 allow individuals to take into account, in the calculation of withholding allowances, deductions for certain business expenses, contributions to pension plans and retirement savings accounts, and other expenditures for which deductions may be made to determine adjusted gross income. | 2024-02-07T16:32:33Z | |
| 96-hr-8347 | 96 | hr | 8347 | First Home Ownership Act of 1980 | Taxation | 1980-11-13 | 1980-11-13 | Referred to House Committee on Ways and Means. | House | Rep. Edwards, Don [D-CA-10] | CA | D | E000064 | 0 | First-Home Ownership Act of 1980 - Amends the Internal Revenue Code to allow individuals who have never owned a home an income tax credit for certain amounts contributed to an individual housing account. Limits the cash amount of such credit to $2,500 for any taxable year, and $10,000 during the taxpayer's lifetime. Requires contributions made to an individual housing account to remain in such account for at least 12 months. Establishes a schedule of percentages, graduated downward according to adjusted gross income, for purposes of determining the amount of contribution to an individual housing account which may be credited against income tax liability. Exempts individual housing account trusts from income taxation. Imposes tax penalties on amounts distributed from an individual housing account for purposes other than the purchase of a principal residence. Requires the trustee of an individual housing account to report to the Internal Revenue Service with respect to contributions to and distributions from such account. Imposes fines for failure to make such report. | 2025-09-02T13:55:11Z | |
| 96-hr-8315 | 96 | hr | 8315 | Commuter Transportation Energy Efficiency Act of 1980 | Taxation | 1980-11-12 | 1980-11-12 | Referred to House Committee on Ways and Means. | House | Rep. Andrews, Mark [R-ND-At Large] | ND | R | A000208 | 1 | Commuter Transportation Energy Efficiency Act of 1980 - Title I: Individual Income Tax Credit - Amends the Internal Revenue Code to allow a credit against the income tax in an amount equal to 15 percent of the cost of acquiring a qualified commuter highway vehicle. Provides for apportionment of such credit among joint acquirers. Requires a minimum three-year use of such vehicle, under penalty of recapture of such credit in the year of any cessation of such use or other disposition of the vehicle. Describes the qualifications of such vehicle, which must be at least van-size. Title II: Exclusion of Qualified Transportation Income From Gross Income - Amends the Internal Revenue Code to exclude from the gross income of an employee amounts paid or reimbursed by the employer for the cost of commuting to and from work on public transportation. Excludes, in addition, any services provided, or amounts contributed, by an employer in connection with a ride-sharing program that assists employees in locating and starting car pools. Excludes from gross income any compensation received by a driver in a car pool from other individuals in such car pool. Title III: Business Energy Investment Credit - Amends the Internal Revenue Code to set the energy percentage for van pool vehicles at ten percent, thus making them eligible for a 20 percent investment tax credit. Excludes from the 80 percent commuting mileage requirement the number of miles the regularly scheduled driver uses such vehicle for personal purposes, if the driver is not the taxpayer. Title IV: Employer's Tax Credit for Qualified Ride-Sharing Programs - Amends the Internal Revenue Code to allow a credit against the income tax of an employer for administrative expenses paid or incurred in connection with the operation of a ride-sharing commuter program for employees. Determines such credit by multiplying the average number of such employer's employees during the taxable year by a specified amount keyed to the percentage of employees participating in the program. … | 2025-09-02T13:55:07Z | |
| 96-hr-8316 | 96 | hr | 8316 | A bill to repeal the Family Rental/Home Business Tax; to amend the Internal Revenue Code of 1954 with respect to the deduction of certain expenses in connection with the business use of homes and the rental of residences to family members, and for other purposes. | Taxation | 1980-11-12 | 1980-11-12 | Referred to House Committee on Ways and Means. | House | Rep. Bafalis, L. A. (Skip) [R-FL-10] | FL | R | B000029 | 1 | Amends the Internal Revenue Code to extend the business expense deduction to any trade or business conducted in the home of the taxpayer. Eliminates the restrictions on the deductibility of expenses relating to the rental of a residence to a family member. Permits a taxpayer to make repairs on rental properties on a full-time basis without being treated as using such properties for personal purposes. | 2024-02-07T16:32:33Z | |
| 96-hr-8318 | 96 | hr | 8318 | A bill to amend the Internal Revenue Code of 1954 to exempt individuals over age 70 from Federal income tax. | Taxation | 1980-11-12 | 1980-11-12 | Referred to House Committee on Ways and Means. | House | Rep. Crane, Philip M. [R-IL-12] | IL | R | C000873 | 0 | Amends the Internal Revenue Code to exempt individuals over the age of 70 from the Federal income tax. | 2024-02-07T16:32:33Z | |
| 96-hr-8320 | 96 | hr | 8320 | Retirement Incentive Savings Act of 1980 | Taxation | 1980-11-12 | 1980-11-12 | Referred to House Committee on Ways and Means. | House | Rep. LaFalce, John J. [D-NY-36] | NY | D | L000556 | 0 | Retirement Incentive Savings Act of 1980 - Amends the Internal Revenue Code to exempt from income taxation interest accumulated in a tax deferred savings account which is created for the exclusive benefit of an individual taxpayer and which is maintained in a bank, savings and loan association, or a credit union. Permits cash contributions of $2,000 or less per year to such savings accounts. Specifies that distributions from tax deferred savings accounts shall be includible in the gross income of the payee, unless such distributions are reinvested within 60 days into another savings account. Provides that such accounts shall not be transferable except in cases of death or divorce. Requires the termination of a tax deferred savings account before the close of the fifth year after the death of the individual maintaining such account. Increases the allowable amount of the income tax deduction for contributions to an individual retirement account (IRA) to the lesser of $2,000 or 15 percent of an employee's taxable compensation. Permits active participants in tax- qualified retirement plans, tax-sheltered annuities, or governmental plans to claim an income tax deduction for contribution to an IRA up to a maximum of $1,000 for the taxable year. Disqualifies self-employed individuals and shareholder employees for the retirement savings deduction. Increases the maximum deduction for contributions to a retirement account for certain married individuals. | 2025-09-02T13:55:07Z | |
| 96-hr-8323 | 96 | hr | 8323 | A bill to amend the Internal Revenue Code of 1954 to repeal the "Family Rental Tax". | Taxation | 1980-11-12 | 1980-11-12 | Referred to House Committee on Ways and Means. | House | Rep. Pepper, Claude [D-FL-14] | FL | D | P000218 | 30 | Amends the Internal Revenue Code to allow income tax deductions related to the rental of a residence to a family member of the taxpayer if such family member pays a fair rental and uses such residence as the principal place of residence. | 2024-02-07T16:32:33Z | |
| 96-hr-8325 | 96 | hr | 8325 | A bill relating to the treatment of certain annuity contracts. | Taxation | 1980-11-12 | 1980-11-12 | Referred to House Committee on Ways and Means. | House | Rep. Roth, Toby [R-WI-8] | WI | R | R000459 | 1 | Revokes Revenue Ruling 80-274 which deals with the tax treatment of group single premium retirement annuity contracts held by federally insured savings and loan associations. | 2024-02-07T16:32:33Z | |
| 96-hr-8277 | 96 | hr | 8277 | Interstate Taxation Act of 1980 | Taxation | 1980-10-02 | 1980-10-02 | Referred to House Committee on the Judiciary. | House | Rep. Broyhill, James T. [R-NC-10] | NC | R | B000966 | 0 | Interstate Taxation Act of 1980 - Title I: Sales and Use Taxes - Denies authority to a State or its political subdivisions to require a person to collect a sales or use tax with respect to a sale or use of tangible personal property unless that person: (1) has a business location in that State; (2) regularly solicits sales in that State, unless the activity consists solely of solicitation by direct mail or media advertising; or (3) regularly makes deliveries in that State other than by common carrier or by mail. Prohibits a State or its political subdivisions from including separately stated freight charges which are incident to interstate sales in the measure of a sales or use tax imposed by such State. Limits the authority of a State to impose a sales tax or require the collection of sales or use taxes with respect to an interstate sale of tangible personal property to instances where the destination of the sale is in such State, or in a State or locality for which the tax is required to be collected by an agreement between the State of destination and the State requiring the collection of the tax, and the seller has a business location in the State requiring such collection. Limits the authority of a political subdivision of a State to impose a sales or use tax to instances where the interstate sale of tangible personal property occurs within the political subdivision. Denies the authority of a State or its political subdivision to impose a sales or use tax upon interstate sellers whose annual receipts from taxable retail sales of tangible personal property with a destination in such State are less than $20,000. Exempts States and their political subdivisions from any limits on their power to impose sales or use taxes with respect to motor vehicles and boats registered in such jurisdictions or with respect to motor fuels consumed in such jurisdictions. Provides that the amount of any use tax imposed with respect to tangible personal property shall be reduced by the amount of any sales or use tax previousl… | 2025-09-02T13:55:10Z | |
| 96-hr-8280 | 96 | hr | 8280 | A bill to amend the Internal Revenue Code of 1954 to provide that the amount of depreciation deduction with respect to any property for a taxable year shall be an amount selected by the taxpayer. | Taxation | 1980-10-02 | 1980-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Brown, Clarence, Jr. [R-OH-7] | OH | R | B000910 | 0 | Amends the Internal Revenue Code to allow a taxpayer to select the amount of the depreciation deduction for a taxable year applicable to business property placed in service after December 31, 1980, provided that the investment tax credit with respect to such property is computed in accordance with specified standards. | 2024-02-07T16:32:33Z | |
| 96-hr-8281 | 96 | hr | 8281 | A bill to amend the Internal Revenue Code of 1954 to provide that taxpayers may elect a 12-month amortization period (in lieu of the 60-month period) for any certified pollution control facility. | Taxation | 1980-10-02 | 1980-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Brown, Clarence, Jr. [R-OH-7] | OH | R | B000910 | 0 | Amends the Internal Revenue Code to permit a taxpayer to elect a 12 month amortization period in lieu of the present 60 month period for any certified pollution control facility. Reduces the investment tax credit rate for pollution control facilities for which the 12 month amortization period is elected. | 2024-02-07T16:32:33Z | |
| 96-hr-8282 | 96 | hr | 8282 | A bill to amend the Internal Revenue Code of 1954 to provide a simplified cost recovery system for recovery property. | Taxation | 1980-10-02 | 1980-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Brown, Clarence, Jr. [R-OH-7] | OH | R | B000910 | 0 | Amends the Internal Revenue Code to allow individuals and corporations a deduction from gross income for a percentage of the cost of recovery property that is depreciable tangible property (equipment or machinery) used in a trade or business or held for the production of income, which is placed in service after December 31, 1980. Establishes four classes and recovery periods for such property: (1) Class 1, two years; (2) Class 2, four years; (3) Class 3, seven years; and (4) Class 4, ten years. Requires assignment of property to the class which has a recovery period at least 40 percent shorter than its present midpoint useful life under the Asset Depreciation Range (ADR) system. Permits the taxpayer to elect placement of any item of property in the class with the next longer recovery period than the class to which it would otherwise belong. Defines the recovery percentage as the percentage (100 percent, 150 percent, or 200 percent) selected by the taxpayer for a class of items, divided by the number of years in the corresponding recovery period. Requires a taxpayer to establish a recovery account for each class of recovery property. Sets forth formulae for additions to and reductions in such account. Limits the amount of a recovery reduction to the aggregate determined by applying the recovery percentage for each class of property to the balance in the recovery account for such class at the end of such year. Denies eligibility for such deduction to livestock property subject to amortization, and property depreciable on a basis other than time, public utility property, oil or gas fired boilers, and property used predominantly outside the United States. Increases from 20 percent to 30 percent the ADR variance from class life for public utility property. Revises the applicable percentage for determination of the investment tax credit to make eligible for such credit: (1) 40 percent of the basis of an asset if its useful life is between two and four years (currently, 33 1/3 percent if its useful life is bet… | 2024-02-07T16:32:33Z | |
| 96-hr-8283 | 96 | hr | 8283 | Individual Retirement Savings Act of 1980 | Taxation | 1980-10-02 | 1980-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Cotter, William R. [D-CT-1] | CT | D | C000799 | 0 | Individual Retirement Savings Act of 1980 - Amends the Internal Revenue Code to increase the allowable amount of the income tax deduction for contributions to an individual retirement account (IRA) to the lesser of $2,000 or the amount of an employee's taxable compensation. Permits active participants in tax-qualified retirement plans, tax-sheltered annuities, or governmental plans to claim an income tax deduction for contribution to an IRA up to a maximum of $500 for the taxable year. Disqualifies self-employed individuals and shareholder employees for the retirement savings deduction. | 2025-09-02T13:55:07Z | |
| 96-hr-8284 | 96 | hr | 8284 | A bill to amend the Internal Revenue Code to repeal the "family shelter tax". | Taxation | 1980-10-02 | 1980-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Crane, Philip M. [R-IL-12] | IL | R | C000873 | 0 | Amends the Internal Revenue Code to allow an income tax deduction for certain expenses incurred in the rental of a dwelling unit as a residence to a member of the taxpayer's family. Provides that this Act shall apply to taxable years beginning after December 31, 1975. | 2024-02-07T16:32:33Z | |
| 96-hr-8287 | 96 | hr | 8287 | A bill to provide that interest on certain obligations issued by certain volunteer fire departments shall be exempt from Federal income tax. | Taxation | 1980-10-02 | 1980-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Evans, David W. [D-IN-6] | IN | D | E000239 | 1 | Exempts from Federal income tax the interest on bonds issued after October 14, 1971, and before November 30, 1978, by specified volunteer fire departments of Indiana to the First Bank and Trust Company of Indianapolis, Indiana. | 2024-02-07T16:32:33Z | |
| 96-hr-8293 | 96 | hr | 8293 | A bill to amend the Internal Revenue Code of 1954 with respect to the deduction for business gifts awarded to employees by reason of length of service or for safety achievement. | Taxation | 1980-10-02 | 1980-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Heckler, Margaret M. [R-MA-10] | MA | R | H000440 | 0 | Amends the Internal Revenue Code to increase from $100 to $250 the business deduction for service awards given to employees. | 2024-02-07T16:32:33Z | |
| 96-hr-8294 | 96 | hr | 8294 | Young Families Housing Act of 1980 | Taxation | 1980-10-02 | 1980-10-02 | Referred to House Committee on Banking, Finance and Urban Affairs. | House | Rep. Heckler, Margaret M. [R-MA-10] | MA | R | H000440 | 0 | Young Families Housing Act of 1980 - Amends the Internal Revenue Code to allow individual taxpayers an income tax deduction for cash contributions to an individual housing account. Limits the amount of such deduction to $2,500 for a taxable year and to $10,000 for all taxable years. Defines "individual housing account" as a trust created or organized in the United States for the exclusive benefit of an individual taxpayer and such taxpayer's spouse in purchasing a principal residence. Sets forth requirements for the establishment and maintenance of an individual housing account. Grants tax-exempt status to an individual housing account trust. Excludes from the gross income of a trust beneficiary amounts distributed from a trust which are used exclusively in connection with the purchase of a principal residence for the beneficiary. Sets forth rules for the tax treatment of a trust and distributions from a trust, in cases of divorce, improper distributions from a trust, and contributions to a trust in excess of the allowable amount. a trust in excess of the allowable amount. Prescribes a penalty equal to ten percent of the payments from a trust which are made for purposes other than the purchase of a principal residence. Requires the trustee of an individual housing account to file informational returns with the Secretary of the Treasury as required. Prescribes penalties for failure to file such returns. Authorizes the Secretary of Housing and Urban Development to increase the number of mortgages insured under the National Housing Act. | 2025-09-02T13:55:06Z | |
| 96-hr-8295 | 96 | hr | 8295 | Child Care Agency Tax Amendments of 1980 | Taxation | 1980-10-02 | 1980-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Hightower, Jack E. [D-TX-13] | TX | D | H000582 | 12 | Child Care Agency Tax Amendments of 1980 - Amends the Internal Revenue Code to exempt from the crude oil windfall profit tax oil produced from interests held by or for a residential child care agency. Defines such an agency as a tax-exempt charitable organization operated primarily for the residential placement, care, or treatment of delinquent, dependent, neglected, or handicapped children. | 2025-09-02T13:55:07Z | |
| 96-hr-8296 | 96 | hr | 8296 | A bill to amend the Internal Revenue Code of 1954 to provide that, in the case of certain vessels documented under the laws of the United States, the deduction for depreciation may be computed using a useful life of 1 year, and for other purposes. | Taxation | 1980-10-02 | 1980-10-02 | 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 allow a taxpayer to compute the depreciation deduction for a vessel documented under U.S. laws and operated in the foreign international, domestic commerce of the United States by using a useful life of one year. | 2024-02-07T16:32:33Z | |
| 96-hr-8297 | 96 | hr | 8297 | A bill to amend the Internal Revenue Code of 1954 to disallow certain expenses for advertising on foreign broadcast stations. | Taxation | 1980-10-02 | 1980-10-02 | Referred to House Committee on Ways and Means. | House | Rep. LaFalce, John J. [D-NY-36] | NY | D | L000556 | 0 | Amends the Internal Revenue Code to prohibit a business expense deduction for expenses of an advertisement placed with a foreign broadcast station and directed to a market in the United States if a similar deduction is denied in the country in which such station is located for an advertisement placed with a U.S. broadcast station and directed to a market in that country. | 2024-02-07T16:32:33Z | |
| 96-hr-8299 | 96 | hr | 8299 | A bill to amend the Tax Reform Act of 1976 to postpone certain effective dates. | Taxation | 1980-10-02 | 1980-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Martin, James G. [R-NC-9] | NC | R | M000183 | 1 | Postpones the effective date of Internal Revenue Code provisions which disallow certain business expense deductions related to the business use of a home and the rental of vacation homes until taxable years beginning after 1980. | 2024-02-07T16:32:33Z | |
| 96-hr-8305 | 96 | hr | 8305 | A bill to amend the Internal Revenue Code of 1954 to increase the amount allowable as a deduction for charitable contributions of certain items created by the taxpayer. | Taxation | 1980-10-02 | 1980-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Rudd, Eldon D. [R-AZ-4] | AZ | R | R000495 | 1 | Amends the Internal Revenue Code to provide that the income tax deduction for charitable contributions of copyrighted, literary, musical, or artistic compositions, a letter, a memorandum, or similar property created by the taxpayer shall not be reduced by a percentage of the long-term appreciation, as currently required for other types of tangible personal property. Excludes any letter, memorandum, or similar property created by a government officer or employee acting in an official capacity from the category of artistic or literary creation for the purposes of this Act. | 2024-02-07T16:32:33Z | |
| 96-hr-8244 | 96 | hr | 8244 | A bill to amend the Internal Revenue Code of 1954 with respect to the treatment of net profits interests for purposes of the windfall profit tax. | Taxation | 1980-10-01 | 1980-10-01 | Referred to House Committee on Ways and Means. | House | Rep. Anderson, Glenn M. [D-CA-32] | CA | D | A000189 | 3 | Amends the Internal Revenue Code, with respect to the crude oil windfall profit tax, to treat a holder of a net profit interest as a producer liable for payment of such tax on the portion of gross production allocated to him in portion to his respective share, if any, of the net profits (computed without regard to such tax). | 2024-02-07T16:32:33Z | |
| 96-hr-8247 | 96 | hr | 8247 | A bill to amend the Internal Revenue Code of 1954 to allow an estate tax credit for certain contributions of open space easements, and for other purposes. | Taxation | 1980-10-01 | 1980-10-01 | Referred to House Committee on Ways and Means. | House | Rep. Burton, John [D-CA-5] | CA | D | B001153 | 0 | Amends the Internal Revenue Code to allow a credit against the estate tax for the contribution of an easement to a governmental unit or a publicly supported tax-exempt charitable organization exclusively for the preservation of open space (including farmland and forest land). Increases from $500,000 to $750,000 the limitation on the maximum decrease in the value of property that maybe taken into consideration for the special valuation of farm and other property. | 2024-02-07T16:32:33Z | |
| 96-hr-8248 | 96 | hr | 8248 | A bill to amend chapter 45 of the Internal Revenue Code of 1954 with respect to the exemption of the State share of Federal royalties from the Crude Oil Windfall Profit Tax and to insure the deductibility of certain severance taxes. | Taxation | 1980-10-01 | 1980-10-01 | Referred to House Committee on Ways and Means. | House | Rep. Cheney, Dick [R-WY-At Large] | WY | R | C000344 | 0 | Amends the Internal Revenue Code to treat as a qualified government interest exempt from the crude oil windfall profit tax the right of any State to receive royalty payments under the Mineral Lands Leasing Act of 1920. Allows the deduction from the windfall profit tax of: (1) severance taxes imposed by an Indian tribe; and (2) State ad valorem taxes based on the price at which crude oil is sold. | 2024-02-07T16:32:33Z | |
| 96-hr-8255 | 96 | hr | 8255 | A bill to amend the Internal Revenue Code of 1954 to provide individuals a credit against income tax for up to $800 of the cost of purchasing a new domestically produced automobile. | Taxation | 1980-10-01 | 1980-10-01 | 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 allow an individual taxpayer an income tax credit for the purchase of a new domestically manufactured automobile which is acquired primarily for personal use and which has a specified fuel economy standard. Limits such credit to the lesser of ten percent of the cost of the automobile or $800. | 2024-02-07T16:32:33Z | |
| 96-hr-8257 | 96 | hr | 8257 | A bill to amend the Internal Revenue Code of 1954 to increase the tax incentives for cogeneration equipment. | Taxation | 1980-10-01 | 1980-10-01 | Referred to House Committee on Ways and Means. | House | Rep. Heftel, Cecil [D-HI-1] | HI | D | H000449 | 1 | Amends the Internal Revenue Code to increase the energy percentage of the investment tax credit for cogeneration equipment to 20 percent (currently ten percent ) for the period beginning on January 1, 1981 and ending on December 31, 1990. Includes shaft power as a form of cogeneration energy. Exempts specified systems at cogeneration facilities from the limitation on the use of oil or natural gas by cogeneration equipment. | 2024-02-07T16:32:33Z | |
| 96-hr-8264 | 96 | hr | 8264 | Small Business Inventory Simplification Act of 1980 | Taxation | 1980-10-01 | 1980-10-01 | Referred to House Committee on Ways and Means. | House | Rep. Nowak, Henry [D-NY-37] | NY | D | N000163 | 0 | Small Business Inventory Simplification Act of 1980 - Amends the Internal Revenue Code to allow a qualified small business to elect the cash method of accounting regardless of any requirement to use inventories if: (1) the average annual gross receipts for the three preceding taxable years do not exceed $1,500,000; and (2) such small business was qualified for each of the two preceding taxable years. | 2025-09-02T13:55:06Z | |
| 96-hr-8265 | 96 | hr | 8265 | Job Expansion and Urban Development Tax Act of 1980 | Taxation | 1980-10-01 | 1980-10-01 | Referred to House Committee on Ways and Means. | House | Rep. Nowak, Henry [D-NY-37] | NY | D | N000163 | 0 | Job Expansion and Urban Development Tax Act of 1980 - Title I: Designation of Eligible Areas and Businesses - Amends the Internal Revenue Code to define a job expansion area as any area in the United States designated by one or more local governments as such. Limits eligibility for such designation to areas of at least 5,000 population whose rates of poverty and unemployment exceed specified national averages, and whose rate of per capita income growth falls below specified levels, Defines a "job expansion business" as one: (1) at least 50 percent of whose hours of service are performed by employees working in one or more job expansion areas; and, except in extenuating circumstances; and (2) at least 50 percent of such qualified employees are residents of a job expansion area. Title II: Tax Incentives - Subtitle A: New Investment - Provides for an election of an additional $40,000 ($80,000 in the case of married individuals filing jointly) first-year depreciation for machinery and equipment purchased by a qualified job expansion business. Requires recapture of the tax that would otherwise have been paid if the property concerned ceases to be used predominantly inside a job expansion area. Allows a five percent investment tax credit for new buildings placed in service by a qualified job expansion business. Subtitle B: Investment in Used Equipment and Rehabilitated Buildings - Allows the election by a qualified job expansion business of an investment tax credit for an additional $400,000 of cost for used equipment used predominantly in a job expansion area. Provides for recapture of the tax benefit in the event such property ceases to be used predominantly in such area. Allows a 25 percent investment tax credit for expenditures paid or incurred for rehabilitation of a building located in a job expansion area. Subtitle C: Limited Refund of Investment Tax Credit - Allows refund of the investment tax credit for job expansion area property up to $100,000. Subtitle D: Increases in Targeted Jobs Credit - Allow… | 2025-09-02T13:55:07Z | |
| 96-hr-8266 | 96 | hr | 8266 | Senior Citizens Housing Act of 1980 | Taxation | 1980-10-01 | 1980-10-01 | Referred to House Committee on Ways and Means. | House | Rep. Pashayan, Charles, Jr. [R-CA-17] | CA | R | P000097 | 0 | Senior Citizens Housing Act of 1980 - Amends the Internal Revenue Code to allow an income tax credit to any taxpayer who rents a dwelling unit to or maintains a household for an individual aged 65 or over. Limits such credit to $500 for each such individual for the taxable year. | 2025-09-02T13:55:06Z | |
| 96-hr-8267 | 96 | hr | 8267 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income a certain portion of amounts received under public retirement systems by persons who have attained the age 62. | Taxation | 1980-10-01 | 1980-10-01 | 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 exclude from the gross income of an individual who has attained age 62 before the close of the taxable year any amount received as a pension or annuity under a public retirement system. Limits such exclusion to the excess of: (1) the maximum individual social security benefit which could be paid to such individual; or (2) the amounts actually received by such individual during the taxable year under title II (Old Age, Survivors, and Disability Insurance) of the Social Security Act. | 2024-02-07T16:32:33Z | |
| 96-s-3187 | 96 | s | 3187 | A bill to prevent the estate tax law from operating to encourage or to require the destruction of open lands by amending the Internal Revenue Code of 1954 to provide that real property which is farmland, woodland, or open land and forms part of an estate may be valued, for estate tax purposes, at its value as farmland, woodland, or open land (rather than at its fair market value), and to provide for the revocation of such lower valuation and recapture of unpaid tax with interest in appropriate circumstances. | Taxation | 1980-10-01 | 1980-10-01 | Referred to Senate Committee on Finance. | Senate | Sen. Mathias, Charles McC., Jr. [R-MD] | MD | R | M000241 | 0 | Amends the Internal Revenue Code to allow the executor of an estate to elect to determine the value of certain farmland, woodland, or open space in the estate according to its current use value, rather than its fair market value. Requires such land to have been devoted to farming, woodland, or open space for the 60 months preceding the decedent's death. Provides for recapture of tax that would have been assessed and paid at fair market value if all or any part of such property is: (1) converted to an unqualified use; (2) rezoned for an unqualified use at the land owner's request; or (3) sold. Requires filing of a tax return within 30 days after the end of the calendar quarter in which such a sale takes pace. | 2021-06-14T20:10:06Z | |
| 96-s-3190 | 96 | s | 3190 | A bill to amend the Internal Revenue Code of 1954 to provide that, with respect to the Windfall Profit Tax, the holder of a net profits interest shall be treated as the producer of the same proportion of the production from the property as is represented by his net profits interest. | Taxation | 1980-10-01 | 1980-10-01 | Referred to Senate Committee on Finance. | Senate | Sen. Cranston, Alan [D-CA] | CA | D | C000877 | 0 | Amends the Internal Revenue Code, with respect to the crude oil windfall profit tax, to treat a holder of a net profit interest as a producer liable for payment of such tax on the portion of gross production allocated to him in proportion to his respective share, if any, of the net profits (computed without regard to such tax). | 2021-06-14T20:10:07Z | |
| 96-hr-8236 | 96 | hr | 8236 | A bill to amend the Internal Revenue Code of 1954 to repeal the requirement that operating capacity must increase for purposes of the energy credit allowed for intercity buses, and for other purposes. | Taxation | 1980-09-30 | 1980-09-30 | 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 repeal the requirement that the operating capacity of intercity buses must increase for such property to qualify for the investment tax energy credit. | 2024-02-07T16:32:33Z | |
| 96-hr-8237 | 96 | hr | 8237 | A bill to amend the Internal Revenue Code of 1954 to provide an additional income tax exemption for a taxpayer or the spouse or any dependent of the taxpayer, who is disabled, and to allow a credit to certain disabled individuals for amounts paid for household services. | Taxation | 1980-09-30 | 1980-09-30 | Referred to House Committee on Ways and Means. | House | Rep. Shelby, Richard C. [D-AL-7] | AL | D | S000320 | 0 | Amends the Internal Revenue Code to provide an additional $1,000 personal tax exemption for a taxpayer, spouse, or a dependent who is disabled. Defines "disabled individual" as one who has a physical or mental impairment which substantially limits one or more of such individual's major life activities and which can be expected to be fatal or has lasted or will last continuously for at least 12 months. Requires proof of such disability before a taxpayer may be considered disabled. Disallows the additional exemption if the taxpayer or spouse already receives an extra exemption due to blindness. Allows an income tax credit for day care expenses incurred with respect to a disabled individual who is not claimed as a dependent by any other taxpayer. | 2024-02-07T16:32:33Z | |
| 96-s-3167 | 96 | s | 3167 | A bill to amend the Internal Revenue Code of 1954 to impose a manufactures excise tax on the sale of light gauge steel drums. | Taxation | 1980-09-30 | 1980-09-30 | Referred to Senate Committee on Finance. | Senate | Sen. Randolph, Jennings [D-WV] | WV | D | R000046 | 1 | Amends the Internal Revenue Code to impose on the sale by the manufacturer, producer, or importer of each light gauge steel drum a tax equal to 20 percent of the price for which so sold. | 2021-06-14T20:10:00Z | |
| 96-s-3174 | 96 | s | 3174 | American Innovation and Employee Stock Ownership Act of 1980 | Taxation | 1980-09-30 | 1980-09-30 | Referred to Senate Committee on Finance. | Senate | Sen. Long, Russell B. [D-LA] | LA | D | L000428 | 1 | American Innovation and Employee Stock Ownership Act of 1980 - Amends the Internal Revenue Code to provide: (1) for individuals, a deduction from gross income of 80 percent of qualified small corporation net capital gain; and (2) for corporations, an alternative capital gain tax rate of 14 percent of qualified small corporation net capital gain. Defines "qualified small corporation net capital gain" as net capital gain from the sale or exchange of qualified securities of a qualified small corporation: (1) whose gross income for the taxable year does not exceed $30,000,000; (2) whose net worth for such year does not exceed $15,000,000; (3) which employs not more than 1,000 persons below the officer level; (4) at least 15 percent of the total value of shares of all classes of whose stock is owned by such employees; and (5) such stock-owning employees constitute at least 25 percent of the total employees of the corporation. | 2025-09-02T13:57:06Z | |
| 96-s-3175 | 96 | s | 3175 | Cultural Heritage Preservation and Access Act of 1980 | Taxation | 1980-09-30 | 1980-09-30 | Referred to Senate Committee on Finance. | Senate | Sen. Moynihan, Daniel Patrick [D-NY] | NY | D | M001054 | 0 | Cultural Heritage Preservation and Access Act of 1980 - Amends the Internal Revenue Code to allow an income tax deduction for a percentage of the fair market value of a literary, musical, or artistic composition created by the personal efforts of the taxpayer and contributed to a charitable organization or to a governmental unit. Establishes tables for determining the appropriate percentage of fair market value for any particular individual. Disallows a deduction for a contribution of property which was produced while the taxpayer was a Government officer or employee if such property arose out of the performance of the taxpayer's duties. Requires, as a condition of eligibility for a fair market value deduction, a statement by the donee of such property that the property has artistic, musical, or literary value, and that the donee will use the property in a manner consistent with the purpose of its organization. | 2025-09-02T13:57:06Z | |
| 96-s-3176 | 96 | s | 3176 | A bill to amend a provision of the Internal Revenue Code dealing with involuntary conversions of broadcast property. | Taxation | 1980-09-30 | 1980-09-30 | Referred to Senate Committee on Finance. | Senate | Sen. Moynihan, Daniel Patrick [D-NY] | NY | D | M001054 | 0 | Amends the Internal Revenue Code, with respect to gains from a sale or exchange to effectuate policies of the Federal Communications Commission (FCC), to treat as an involuntary conversion, on which gain shall not be recognized, the purchase of a television broadcasting station or a newspaper with proceeds from the sale of a radio or television broadcast station which has been forced by the FCC. | 2021-06-14T20:10:02Z | |
| 96-hr-8221 | 96 | hr | 8221 | A bill to amend the Internal Revenue Code of 1954 with respect to the treatment for purposes of sections 219 and 220 of such Code of certain individuals who separate from service with an employer during the taxable year. | Taxation | 1980-09-29 | 1980-09-29 | Referred to House Committee on Ways and Means. | House | Rep. Jacobs, Andrew, Jr. [D-IN-11] | IN | D | J000033 | 0 | Amends the Internal Revenue Code to provide that an employee-participant in a tax-qualified plan of deferred compensation shall not lose eligibility for the income tax deduction for contributions to an individual retirement account if such employee separates from service with an employer during the taxable year and there is no increase in such employee's vested accrued benefit derived from employer contributions under such plan. | 2024-02-07T16:32:33Z | |
| 96-hr-8225 | 96 | hr | 8225 | A bill to amend the Internal Revenue Code of 1954 to allow individuals a deduction for certain expenses paid or incurred in connection with the adoption of a child. | Taxation | 1980-09-29 | 1980-09-29 | Referred to House Committee on Ways and Means. | House | Rep. Oberstar, James L. [D-MN-8] | MN | D | O000006 | 1 | Amends the Internal Revenue Code to allow individual taxpayers an income tax deduction from gross income for adoption expenses. Includes within the category of "adoption expenses" adoption agency fees, court costs, attorney fees, and other expenses directly related to the legal adoption of a child. | 2024-02-07T16:32:33Z | |
| 96-hr-8213 | 96 | hr | 8213 | Self-Employed Individuals Retirement Tax Amendments of 1980 | Taxation | 1980-09-25 | 1980-09-25 | Referred to House Committee on Ways and Means. | House | Rep. Holland, Kenneth L. [D-SC-5] | SC | D | H000719 | 0 | Self-Employed Individuals Retirement Tax Amendments of 1980 - Amends the Internal Revenue Code to increase the maximum amount of the income tax deduction for contributions to simplified employee pension plans and to retirement plans for self-employed individuals from $7,500 to $12,500 or $12,500 plus an inflation adjustment factor. | 2025-09-02T13:55:06Z | |
| 96-hr-8214 | 96 | hr | 8214 | A bill to amend the Internal Revenue Code of 1954 to repeal the "Family Rental Tax". | Taxation | 1980-09-25 | 1980-09-25 | 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 allow an income tax deduction for expenses incurred in the rental of a dwelling unit as a residence to a member of the taxpayer's family. Provides that this Act shall apply to taxable years beginning after December 31, 1975. | 2024-02-07T16:32:33Z | |
| 96-hr-8216 | 96 | hr | 8216 | A bill to amend the Internal Revenue Code of 1954 to provide for royalty owners and independent producers an annual $1,200 credit against the crude oil windfall profit tax, and for other purposes. | Taxation | 1980-09-25 | 1980-09-25 | Referred to House Committee on Ways and Means. | House | Rep. Leach, Claude (Buddy), Jr. [D-LA-4] | LA | D | L000167 | 0 | Amends the Internal Revenue Code to allow royalty owners and independent producers a $300 quarterly refundable credit against the crude oil windfall profit tax. Denies any income tax deduction for amounts taken as such credits. | 2024-02-07T16:32:33Z | |
| 96-s-3157 | 96 | s | 3157 | A bill to amend the Internal Revenue Code with respect to allowance of jobs credit and WIN credit against alternative minimum tax. | Taxation | 1980-09-25 | 1980-09-25 | Referred to Senate Committee on Finance. | Senate | Sen. Talmadge, Herman E. [D-GA] | GA | D | T000035 | 0 | Amends the Internal Revenue Code to allow the employment credit and work incentive (WIN) credit against the alternative minimum tax for noncorporate taxpayers in the same manner as the foreign tax credit is allowed. | 2021-06-14T20:09:58Z | |
| 96-hr-8192 | 96 | hr | 8192 | A bill to amend the Internal Revenue Code of 1954 to make the investment tax credit for motor vehicle manufacturing property refundable. | Taxation | 1980-09-24 | 1980-09-24 | Referred to House Committee on Ways and Means. | House | Rep. Brodhead, William [D-MI-17] | MI | D | B000862 | 1 | Amends the Internal Revenue Code to make the investment tax credit for motor vehicle manufacturing equipment and machinery refundable. | 2024-02-07T16:32:33Z | |
| 96-hr-8194 | 96 | hr | 8194 | A bill to amend the Internal Revenue Code of 1954 to repeal the crude oil windfall profit tax on tier 2 oil and tier 3 oil, to phaseout the tax beginning October 1, 1981, and to provide that royalty owners shall be exempt from the tax. | Taxation | 1980-09-24 | 1980-09-24 | Referred to House Committee on Ways and Means. | House | Rep. Edwards, Mickey [R-OK-5] | OK | R | E000077 | 0 | Amends the Internal Revenue Code to exempt tier 1 oil (stripper well oil and oil from an economic interest in a National Petroleum Reserve held by the United States), tier 2 oil (newly discovered, heavy, and incremental tertiary oil), and royalty owners from the crude oil windfall profit excise tax. Begins the phase-out of such tax on October 1, 1981. | 2024-02-07T16:32:33Z | |
| 96-hr-8199 | 96 | hr | 8199 | Middle Income Wage Earner Tax Relief Act of 1980 | Taxation | 1980-09-24 | 1980-09-24 | Referred to House Committee on Ways and Means. | House | Rep. Mattox, James A. [D-TX-5] | TX | D | M000260 | 0 | Middle-Income Wage Earner Tax Relief Act of 1980 - Title I: Four Percent Income Tax Credit for Individuals - Amends the Internal Revenue Code to allow a refundable income tax credit equal to four percent of the taxes paid by individual taxpayers. Limits the amount of such credit to $250 for the taxable year for a taxpayer filing an individual return and $500 for the taxable year for taxpayers filing a joint return. Disallows such credit to any estate, trust, or nonresident alien individual. Title II: Permanent Tax Credit for Social Security Taxes - Amend the Internal Revenue Code to allow a refundable income tax credit equal to ten percent of the net social security taxes paid by employees, employers, and self-employed individuals during the taxable year. Title III: Relief from Marriage Penalty - Amends the Internal Revenue Code to allow married individuals filing jointly a nonrefundable income tax credit equal to six percent of the earned income of the spouse who earns 50 percent or less of the combined earned income of both the husband and wife for the taxable year. Limits the amount of such credit to $500 for the taxable year. Requires the reduction of such credit by one percent for each percentage point by which the lower income spouse's earned income is below 30 percent of the couple's combined earned income. Title IV: 10-5-3 Capital Cost Recovery - Amends the Internal Revenue Code to revise the method for determining useful lives of business assets for purposes of computing allowable depreciation deductions. Replaces the asset depreciation range (ADR) method with a schedule of capital cost recovery periods for three classes of business property. Establishes capital cost recovery periods for the following classes of business property: (1) buildings and their structural components, ten years; (2) tangible property, five years; and (3) automobiles, taxis, and light-duty trucks (up to $100,000), three-years. Allows a ten percent investment tax credit for buildings and tangible property, and a six perc… | 2025-09-02T13:55:06Z | |
| 96-hr-8201 | 96 | hr | 8201 | A bill to amend the Internal Revenue Code of 1954 to increase the allowable contributions to individual retirement plans and to allow employees a deduction for savings contributions to employer retirement plans or to individual retirement accounts. | Taxation | 1980-09-24 | 1980-09-24 | Referred to House Committee on Ways and Means. | House | Rep. Moore, W. Henson [R-LA-6] | LA | R | M000923 | 0 | Amends the Internal Revenue Code to increase the maximum amount of the deduction allowed for contributions to specified individual retirement accounts. Eliminates the restriction prohibiting active participants in specified other plans from taking such a deduction. Revises the formula for the determination of amounts considered "excess contributions." Increases the amount which may be accepted by an individual retirement account in any taxable year. Permits the acceptance of excess contributions which, aggregated with those for prior taxable years, exceed a specified amount. Revises the procedure by which amounts or annuities paid or distributed become taxable. Excludes from consideration as early distributions requiring additional tax amounts withdrawn in connection with specified educational expenses or specified expenses in connection with the purchase of a first dwelling. Excludes from gross income, for purposes of the tax treatment of annuities, contributions made to individual retirement accounts allowed as deductions for retirement savings. Removes the exclusion from the gross estate, for purposes of the estate tax, of annuities receivable under specified individual retirement accounts. Permits, for purposes of the gift tax, proportionate exclusion from transfers to beneficiaries of amounts attributable to employee contributions. Sets forth the procedure for deduction of qualified retirement savings contributions. Provides for the treatment of such contributions allowed to be deducted as employer contributions. | 2024-02-07T16:32:33Z | |
| 96-s-3146 | 96 | s | 3146 | A bill to allow an income tax deduction for certain motor carrier operating authorities to offset the impact of the Motor Carrier Reform Act of 1980. | Taxation | 1980-09-24 | 1980-09-24 | Referred to Senate Committee on Finance. | Senate | Sen. Baucus, Max [D-MT] | MT | D | B000243 | 0 | Amends the Internal Revenue Code to allow a taxpayer who, on July 1, 1980, held one or more motor carrier operating authorities an income tax deduction ratably over a period of 36 months, beginning with either July, 1980, or the first month of the taxpayer's first taxable year after July 1, 1980. Sets the amount of such deduction at the greater of: (1) $50,000; or (2) the aggregate adjusted bases of all motor carrier operating authorities held by the taxpayer on July 1, 1980. | 2021-06-14T20:09:53Z | |
| 96-sconres-127 | 96 | sconres | 127 | A original concurrent resolution expressing the sense of the Congress with respect to the consideration of the Tax Reduction Act of 1980. | Taxation | 1980-09-24 | 1980-09-24 | Placed on calendar in Senate. | Senate | Sen. Long, Russell B. [D-LA] | LA | D | L000428 | 0 | Expresses the sense of the Congress that the Congress should proceed to the consideration of H.R. 5829, the Tax Reduction Act of 1980, prior to the next scheduled recess. | 2021-06-14T19:49:19Z | |
| 96-hr-8182 | 96 | hr | 8182 | A bill to amend the Internal Revenue Code of 1954 to provide, with respect to certain trusts created before December 31, 1977, a deduction from the gross estate for a Charitable remainder interest in such a trust if such remainder interest is transferred free of trust to charity. | Taxation | 1980-09-23 | 1980-09-23 | 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, with respect to the estate tax, to provide a deduction from the gross estate for a charitable remainder interest in a trust created after December 31, 1969, and before December 31, 1977: (1) if each income interest is satisfied by a qualified annuity; and (2) if such remainder interest is transferred free of trust to charity. Sets a formula for the determination of the amount of such deduction. | 2024-02-07T16:32:33Z | |
| 96-hr-8183 | 96 | hr | 8183 | A bill to amend the Internal Revenue Code of 1954 to provide for the annual imposition and payment of the gift tax. | Taxation | 1980-09-23 | 1980-09-23 | Referred to House Committee on Ways and Means. | House | Rep. Rousselot, John H. [R-CA-26] | CA | R | R000469 | 0 | Amends the Internal Revenue Code to require determination of gift tax liability on a calendar year, rather than quarterly, basis. Applies the return requirement on a calendar year, rather than quarterly, basis. | 2024-02-07T16:32:33Z | |
| 96-hr-8177 | 96 | hr | 8177 | Industrial Energy Conservation Incentive Tax Act of 1980 | Taxation | 1980-09-22 | 1980-09-22 | Referred to House Committee on Ways and Means. | House | Rep. Heftel, Cecil [D-HI-1] | HI | D | H000449 | 26 | Industrial Energy Conservation Incentive Tax Act of 1980 - Amends the Internal Revenue Code to increase the investment tax credit energy percentage from ten to 20 percent for alternative energy property, specially defined energy property, and recycling equipment. Makes such credit refundable. Provides for a refundable 20 percent investment tax credit for qualified conservation property. Defines "qualified conservation property" as property which is used by a taxpayer as an energy-saving modification to an existing industrial facility. Excludes public utility property from such definition. | 2025-09-02T13:55:06Z | |
| 96-s-3134 | 96 | s | 3134 | A bill to provide an Electric Car Tax Credit. | Taxation | 1980-09-22 | 1980-09-22 | Referred to Senate Committee on Finance. | Senate | Sen. Bradley, Bill [D-NJ] | NJ | D | B001225 | 0 | Amends the Internal Revenue Code to allow a credit against the income tax equal to 15 percent of the cost (not to exceed $1,500) of acquiring a qualified electric motor vehicle or the cost of converting a vehicle powered by an internal combustion engine to the use of electrical power. Limits such credit to acquisition, for original use, after December 31, 1980, and before January 1, 1991. Reduces such credit to ten percent of the cost (not to exceed $1,000) of acquiring or converting an electric vehicle designed to carry less than four passengers. | 2021-06-14T20:09:50Z | |
| 96-hr-8148 | 96 | hr | 8148 | A bill to allow an income tax deduction for certain motor carrier operating authorities to offset the impact of the Motor Carrier Reform Act of 1980. | Taxation | 1980-09-18 | 1980-09-18 | Referred to House Committee on Ways and Means. | House | Rep. Corman, James C. [D-CA-21] | CA | D | C000780 | 6 | Amends the Internal Revenue Code to allow a taxpayer who, on July 1, 1980, held one or more motor carrier operating authorities an income tax deduction ratably over a period of 36 months, beginning with either July, 1980, or the first month of the taxpayer's first taxable year after July 1, 1980. Sets the amount of such deduction at the greater of: (1) $50,000; or (2) the aggregate adjusted bases of all motor carrier operating authorities held by the taxpayer on July 1, 1980. | 2024-02-07T16:32:33Z | |
| 96-hr-8150 | 96 | hr | 8150 | A bill to amend the Internal Revenue Code of 1954 to exempt from the Federal motor fuels excise taxes fuel used in aircraft while engaged in certain activities related to planting, caring for, and harvesting of trees. | Taxation | 1980-09-18 | 1980-09-18 | Referred to House Committee on Ways and Means. | House | Rep. Duncan, Robert B. [D-OR-3] | OR | D | D000537 | 1 | Amends the Internal Revenue Code to exempt from the excise tax on motor fuels used in noncommercial aviation any fuel used in aircraft in connection with: (1) the planting, cultivating, caring for, or cutting of trees (including preventing and fighting forest fires); or (2) transportation of logs from where cut. | 2024-02-07T16:32:33Z | |
| 96-hr-8152 | 96 | hr | 8152 | A bill to amend the Internal Revenue Code of 1954 to encourage foreign pension plans to invest in the United States. | Taxation | 1980-09-18 | 1980-09-18 | Referred to House Committee on Ways and Means. | House | Rep. Fisher, Joesph L. [D-VA-10] | VA | D | F000151 | 1 | Amends the Internal Revenue Code to exempt from liability for income tax on investments in the United States any foreign pension plan maintained under the laws of such foreign country primarily for the benefit of employees. Requires the participation in any such plan of at least ten employees, a majority of whom are nonresident alien individuals. Applies such exemption only to amounts received in the United States between December 31, 1980 and December 31, 1985. | 2024-02-07T16:32:33Z | |
| 96-hr-8153 | 96 | hr | 8153 | A bill to amend the Internal Revenue Code of 1954 to clarify the tax-exempt status of agricultural and horticultural organizations operated for the purpose of bargaining collectively for the sale of members' products. | Taxation | 1980-09-18 | 1980-09-18 | Referred to House Committee on Ways and Means. | House | Rep. Jenkins, Edgar L. [D-GA-9] | GA | D | J000083 | 2 | Amends the Internal Revenue Code to confer tax-exempt status upon agricultural and horticultural organizations operated as collective bargaining agents for the sale of members' unprocessed products. | 2024-02-07T16:32:33Z | |
| 96-hr-8154 | 96 | hr | 8154 | A bill to provide that Revenue Ruling 80-60 shall not require a change in the taxpayer's method of accounting for taxable years beginning before 1980. | Taxation | 1980-09-18 | 1980-09-18 | Referred to House Committee on Ways and Means. | House | Rep. Jenkins, Edgar L. [D-GA-9] | GA | D | J000083 | 2 | Permits a taxpayer who is required to change his method of accounting pursuant to Revenue Ruling 80-60 (inventory valuation) and Revenue Procedure 80-5 to effect such a change only for taxable years beginning after December 31, 1979. | 2024-02-07T16:32:33Z | |
| 96-hr-8155 | 96 | hr | 8155 | American Innovation Tax Incentive Act of 1980 | Taxation | 1980-09-18 | 1980-09-18 | Referred to House Committee on Ways and Means. | House | Rep. Rousselot, John H. [R-CA-26] | CA | R | R000469 | 0 | American Innovation Tax Incentive Act of 1980 - Amends the Internal Revenue Code to reduce the rate of tax on the net capital gains of individuals and corporations which realize gain from the sale of qualified securities issued by small business corporations. Defines "qualified securities" as stock or securities issued by corporations which meet specified requirements relating to size and employee ownership. | 2025-09-02T13:55:06Z | |
| 96-hr-8156 | 96 | hr | 8156 | A bill to extend for an additional 3 years certain provisions relating to controversies involving whether individuals are employees for purposes of the employment taxes. | Taxation | 1980-09-18 | 1980-09-18 | Referred to House Committee on Ways and Means. | House | Rep. Ullman, Al [D-OR-2] | OR | D | U000004 | 0 | Amends the Revenue Act of 1978 to extend until January 1, 1984, the period during which individuals who have not been treated as employees by their employers shall not be treated as such for purposes of the employment tax. | 2024-02-07T16:32:33Z | |
| 96-hr-8159 | 96 | hr | 8159 | A bill to provide for the same standard mileage rate to be used in determining the amount of income tax deductions for charitable and medical uses of automobiles as is used in determining the amount of income tax deductions for business uses of automobiles. | Taxation | 1980-09-18 | 1980-09-18 | Referred to House Committee on Ways and Means. | House | Rep. Downey, Thomas J. [D-NY-2] | NY | D | D000471 | 0 | Permits the same standard mileage rate to be used in determining the amount of income tax deductions for charitable and medical uses of automobiles as is used in determining the amount of income tax deductions for business uses of automobiles. | 2024-02-07T16:32:33Z | |
| 96-hr-8137 | 96 | hr | 8137 | A bill to encourage film corporations to donate certain historical film to educational organizations by increasing the limit on the charitable contribution deduction of such corporations. | Taxation | 1980-09-17 | 1980-09-17 | Referred to House Committee on Ways and Means. | House | Rep. Holland, Kenneth L. [D-SC-5] | SC | D | H000719 | 1 | Amends the Internal Revenue Code to increase the charitable contribution deduction of a film corporation which donates to a charitable organization historical motion picture film and library materials directly related to such film to 30 percent of such corporation's taxable income. | 2024-02-07T16:32:33Z | |
| 96-hr-8139 | 96 | hr | 8139 | A bill to amend the Internal Revenue Code of 1954 to increase the existing investment tax credit for the rehabilitation of existing structures from 10 percent to 25 percent. | Taxation | 1980-09-17 | 1980-09-17 | Referred to House Committee on Ways and Means. | House | Rep. Lederer, Raymond F. [D-PA-3] | PA | D | L000187 | 0 | Amends the Internal Revenue Code to increase the rate of the investment tax credit for the rehabilitation of existing structures from 10 to 25 percent. | 2024-02-07T16:32:33Z | |
| 96-hr-8120 | 96 | hr | 8120 | A bill to amend the Internal Revenue Code of 1954 to provide that certain rentals to members of the taxpayer's family will not be treated as personal use by the taxpayer for purposes of the disallowance of certain expenses in connection with the business use of homes, rental of vacation homes, etc. | Taxation | 1980-09-16 | 1980-09-16 | Referred to House Committee on Ways and Means. | House | Rep. Devine, Samuel L. [R-OH-12] | OH | R | D000279 | 34 | Amends the Internal Revenue Code to allow an income tax deduction for certain expenses incurred in the rental of a dwelling unit as a residence to a member of the taxpayer's family. | 2024-02-07T16:32:33Z | |
| 96-hr-8123 | 96 | hr | 8123 | Small Business Investment Act of 1980 | Taxation | 1980-09-16 | 1980-09-16 | Referred to House Committee on Ways and Means. | House | Rep. Fisher, Joesph L. [D-VA-10] | VA | D | F000151 | 0 | Small Business Investment Act of 1980 - Amends the Internal Revenue Code to increase from 15 to 25 the maximum number of shareholders a subchapter S corporation may have. Ends the requirement that an employer furnish a W-2 wage report upon termination to any employee whose employment is terminated before the close of the calendar year. Requires issuance of such interim report only upon timely request by such employee, and then within 30 days after receipt of such request. Applies long-term capital gains treatment to amounts actually paid to a taxpayer in respect of a small business participating debenture, which constitute the distribution of a share of the earnings of the issuer. Defines "small business participating debenture" (SBPD) as a written debt instrument issued by a qualified small business which: (1) is a general obligation of the business; (2) bears interest at not less than the rate prescribed by the Secretary of the Treasury; (3) has a fixed maturity; (4) grants no voting or conversion rights in the business to the purchaser; and (5) provides for the payment of a share of the issuer's earnings. Limits "qualified small business" to one (whether or not incorporated): (1) whose equity capital does not exceed $25,000,000; (2) the face value of all of whose outstanding SBPDs does not exceed $1,000,000; and (3) which has no outstanding securities subject to regulation by the Securities and Exchange Commission. Treats members of a controlled group of companies as a single taxpayer. Denies capital gains treatment where the taxpayer is "related" to the SBPD-issuing company, having at least a ten percent interest in it. Treats losses on such debentures as ordinary losses. Allows an interest expense deduction for interest and share-of-earnings payments made on such a debenture. Creates a category of incentive stock options for employees, who would not be required to pay tax at the time such an option is exercised and would receive capital gains treatment on the proceeds of any subsequent sale of such sto… | 2025-09-02T13:55:07Z | |
| 96-hr-8124 | 96 | hr | 8124 | A bill to amend the Internal Revenue Code of 1954 to permit tax-free sales of fuels for use in certain buses. | Taxation | 1980-09-16 | 1980-09-16 | Referred to House Committee on Ways and Means. | House | Rep. Heftel, Cecil [D-HI-1] | HI | D | H000449 | 0 | Amends the Internal Revenue Code to exempt from the excise taxes on gasoline, diesel and special motor fuels any such fuels used in connection with intercity, local and school buses. | 2024-02-07T16:32:33Z | |
| 96-hr-8127 | 96 | hr | 8127 | Small Business Tax Reduction Act of 1980 | Taxation | 1980-09-16 | 1980-09-16 | Referred to House Committee on Ways and Means. | House | Rep. Pickle, J. J. [D-TX-10] | TX | D | P000328 | 1 | Small Business Tax Reduction Act of 1980 - Amends the Internal Revenue Code to reduce corporate income taxes on small business income beginning in 1981. | 2025-09-02T13:55:07Z | |
| 96-s-3119 | 96 | s | 3119 | Tax Exempt Bonds for Housing Act | Taxation | 1980-09-16 | 1980-09-16 | Referred to Senate Committee on Finance. | Senate | Sen. Durenberger, Dave [R-MN] | MN | R | D000566 | 0 | Tax Exempt Bonds for Housing Act - Amends the Internal Revenue Code to limit the eligibility of mortgage bond interest for exclusion from gross income to issues: (1) all the proceeds of which (excluding issuance costs, administrative expenses, and a reasonably required reserve) are reasonably expected to be used to finance owner-occupied residences; and (2) whose proceeds are used to acquire a residence whose cost does not exceed 300 percent of the median family income for the statistical area in which it is located (400 percent in the case of certain target areas). Limits eligible mortgagors for whom such owner-financing is provided to those whose family income is 120 percent or less of the median family income for the statistical area involved (150 percent in the case of certain target areas). Limits the aggregate amount of qualified mortgage bonds issued during the calendar year to ten percent of the average annual aggregate principal amount of mortgages executed during the preceding three calendar years plus: (1) for State-issued bonds, an additional percentage determined according to a specified formula; or (2) in the case of local-issue bonds, an optional limit determined according to a specified formula. Defines the kind of qualified census tract, chronic economic distress area, or blighted area which would constitute a target area for purposes of this Act. Allows exclusion from gross income of interest on industrial development bonds which provide for projects for residential rental property if: (1) at least 20 percent of the units in each project are to be occupied by low or moderate income individuals; and (2) at least 55 percent of such units are to be occupied by individuals earning not more than 150 percent of low and moderate income individuals. | 2025-09-02T13:57:06Z | |
| 96-hr-8109 | 96 | hr | 8109 | Dependent Care Amendments Act of 1981 | Taxation | 1980-09-15 | 1980-09-15 | Referred to House Committee on Ways and Means. | House | Rep. Conable, Barber B., Jr. [R-NY-35] | NY | R | C000666 | 0 | Dependent Care Amendments Act of 1981 - Amends the Internal Revenue Code to increase the tax credit for household and dependent care services necessary for gainful employment from 20 to 35 percent of the costs of such services. Makes such credit refundable. Permits such credit for the costs of day care services performed outside the taxpayer's household for a handicapped dependent or spouse who returns to the household each day. Establishes a minimum income for individuals engaged in business on an substantially full-time basis to be utilized in the computation of the earned income limitation on the amount of such credit. Includes as a tax-exempt organization any organization which provides nonresidential dependent care services to the general public for purposes of enabling individuals to be gainfully employed. Treats the value of any such services provided by an employer and included in the income of an employee as having been paid by the employee. | 2025-09-02T13:55:07Z | |
| 96-hr-8110 | 96 | hr | 8110 | A bill to provide certain rules relating to the taxation of United States business operations abroad. | Taxation | 1980-09-15 | 1980-09-15 | Referred to House Committee on Ways and Means. | House | Rep. Rostenkowski, Dan [D-IL-8] | IL | D | R000458 | 1 | Amends the Internal Revenue Code to exclude from the definition of foreign personal holding company income dividends received from controlled foreign corporations which derive at least 80 percent of their income from transactions in agricultural commodities not grown in the United States in commercially marketable quantities. Includes within the definition of foreign base company sales income all U.S. source income which is not effectively connected to the operation of a trade or business in the United States. Excludes from the definition of "United States property", for purposes of computing the gross income of foreign controlled corporations, amounts invested in U.S. plants and equipment by a controlled foreign corporation. Treats any foreign controlled corporation which is paired to a U.S. corporation as owned directly by such U.S. corporation for purposes of the rules relating to the taxation of foreign controlled company income. | 2024-02-07T16:32:33Z | |
| 96-hr-8114 | 96 | hr | 8114 | A bill to amend the Internal Revenue Code of 1954 to exempt incremental tertiary oil from the windfall profit tax. | Taxation | 1980-09-15 | 1980-09-15 | 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 exempt incremental tertiary oil from the windfall profit tax. | 2024-02-07T16:32:33Z | |
| 96-s-3108 | 96 | s | 3108 | A bill to amend section 72 of the Internal Revenue Code of 1954 relating to the taxation of annuity contracts. | Taxation | 1980-09-11 | 1980-09-11 | Referred to Senate Committee on Finance. | Senate | Sen. Dole, Robert J. [R-KS] | KS | R | D000401 | 1 | Amends the Internal Revenue Code to require the owner of a nonqualified deferred annuity contract to include in gross income for each taxable year prior to an annuity starting date: (1) the excess of the contract's value as of the end of such year (plus any amount received under it that was not includible in income); over (2) the contract's value as of the end of the preceding taxable year (plus the aggregate amount of any premiums or other consideration paid for the contract during such year). Exempts from such requirement: (1) any annuity contract which permits no surrender, redemption, or withdrawal, and which provides for distributions only in the event of death or in a predetermined schedule of payments involving life contingencies or installments extending over a period of at least 60 months; and (2) any qualified employee benefit plan annuity contract. | 2021-06-14T20:09:46Z | |
| 96-hr-8094 | 96 | hr | 8094 | A bill to clarify the tax treatment of the proceeds from the condemnation of certain forest lands held in trust for the Klamath Indian Tribe. | Taxation | 1980-09-10 | 1980-09-10 | Referred to House Committee on Ways and Means. | House | Rep. Ullman, Al [D-OR-2] | OR | D | U000004 | 0 | Excludes from gross income, for Internal Revenue Code purposes, all amounts realized by the trust (currently, only gain resulting) from the condemnation of certain forest lands held in trust for the Klamath Indian Tribe in Oregon. | 2024-02-07T16:32:33Z | |
| 96-hr-8098 | 96 | hr | 8098 | A bill to require the Internal Revenue Service to follow Frederick v. United States in the administration of the Internal Revenue Code of 1954 with respect to transportation expenses. | Taxation | 1980-09-10 | 1980-09-10 | Referred to House Committee on Ways and Means. | House | Rep. Duncan, John J. [R-TN-2] | TN | R | D000534 | 0 | Requires the Internal Revenue Service, in any determination of whether employment is temporary or indefinite for purposes of deducting traveling expenses, to consider the decision in Frederick v. United States, 603 F. 2d 1292 (8th Cir. 1979), which directed that the taxpayer's prospects for continued employment away from home, and not merely the duration of such employment, be examined. | 2024-02-07T16:32:33Z |
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CREATE TABLE legislation (
bill_id TEXT PRIMARY KEY,
congress INTEGER,
bill_type TEXT,
bill_number INTEGER,
title TEXT,
policy_area TEXT,
introduced_date TEXT,
latest_action_date TEXT,
latest_action_text TEXT,
origin_chamber TEXT,
sponsor_name TEXT,
sponsor_state TEXT,
sponsor_party TEXT,
sponsor_bioguide_id TEXT,
cosponsor_count INTEGER DEFAULT 0,
summary_text TEXT,
update_date TEXT,
url TEXT
);
CREATE INDEX idx_leg_congress ON legislation(congress);
CREATE INDEX idx_leg_type ON legislation(bill_type);
CREATE INDEX idx_leg_policy ON legislation(policy_area);
CREATE INDEX idx_leg_date ON legislation(introduced_date);
CREATE INDEX idx_leg_sponsor ON legislation(sponsor_name);
CREATE INDEX idx_leg_sponsor_bioguide ON legislation(sponsor_bioguide_id);