legislation
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1,273 rows where congress = 98 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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| 98-s-3089 | 98 | s | 3089 | A bill to amend the Internal Revenue Code of 1954 with respect to the treatment of incentive stock options. | Taxation | 1984-10-11 | 1984-10-16 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Packwood, Bob [R-OR] | OR | R | P000009 | 1 | Amends the Internal Revenue Code to repeal the inclusion of incentive stock options as an item of tax preference for purposes of the minimum tax. Repeals requirements that incentive stock options must be exercised in chronological order. Modifies the present $100,000 limit on the aggregate amount of incentive stock options which an employer may grant per year. | 2025-01-03T20:54:05Z | |
| 98-s-3090 | 98 | s | 3090 | Small Business Consumed Income Tax Act of 1985 | Taxation | 1984-10-11 | 1984-10-12 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Symms, Steven D. [R-ID] | ID | R | S001138 | 0 | Small Business Consumed Income Tax Act of 1985 - Amends the Internal Revenue Code to allow a qualified small business corporation to elect tax treatment as a "subchapter W corporation." Defines a "subchapter W corporation" as any small business corporation which: (1) has 95 percent or more of its gross receipts for the taxable year in receipts which are not passive investment income; (2) has 95 percent or more of the aggregate adjusted bases of its assets in assets used or held for use in its trade or business; and (3) has not made an election for tax treatment as a subchapter S corporation. Allows such a corporation to make an election for treatment as a subchapter W corporation if: (1) all shareholders consent to such an election; (2) neither the corporation nor any predecessor corporation has made a previous election; (3) the gross receipts for the taxable year in which the election is made do not exceed $20,000,000; and (4) the aggregate adjusted bases of such corporation's assets do not exceed $5,000,000. Provides that such an election shall be effective for the taxable year in which made and the nine succeeding taxable years. Provides that the income of a qualified subchapter W corporation shall not be taxable to the corporation during such ten year election period. Permits the termination of such an election by revocation. Provides that actual or deemed distributions of cash or other property to a shareholder of a subchapter W corporation shall be treated as ordinary income of the shareholder to the extent of his or her pro rata share of the earnings and profits of the corporation. Provides that deemed distributions shall include: (1) taxable income of the subchapter W corporation to the extent its taxable income exceeds $1,000,000; (2) loans made by such a corporation to a shareholder or a person related to the shareholder; and (3) guarantees by such a corporation of loans made to a shareholder or a related person. Allows each shareholder of a subchapter W corporation: (1) an income tax deduction … | 2025-08-29T17:38:49Z | |
| 98-s-3095 | 98 | s | 3095 | A bill relating to alternative minimum tax relief for certain insolvent tax payers. | Taxation | 1984-10-11 | 1984-10-16 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Grassley, Chuck [R-IA] | IA | R | G000386 | 3 | Amends the Internal Revenue Code to provide that for purposes of the alternative minimum tax, any gain or loss from the transfer of property to a creditor in cancellation of a debt or from the sale or exchange of property under threat of foreclosure shall not be taken into account in computing net capital gain if prior to such sale or exchange the taxpayer is insolvent. | 2025-01-03T20:54:05Z | |
| 98-hr-6436 | 98 | hr | 6436 | Tax Equity and Efficiency Act | Taxation | 1984-10-10 | 1984-10-10 | Referred to House Committee on Ways and Means. | House | Rep. Shannon, James M. [D-MA-5] | MA | D | S000286 | 0 | Tax Equity and Efficiency Act - Amends the Internal Revenue Code to revise the accelerated cost recovery system (ACRS) for the depreciation of certain property used in a trade or business or held for the production of income. Allows an income tax deduction for the expense of recovery property in the year recovery property is purchased. (Current law requires that such deduction be taken over a specified number of years.) Bases the amount of such deduction on the present value (using a discount rate of 6.06 percent) of the depreciation deductions which would have been allowable under the straight-line method for an asset having an economic life equal to the average economic life of property in its class. Requires the Secretary of the Treasury to prescribe regulations assigning recovery property to one of 35 specified classes. Revises the method for calculating the investment tax credit to allow such credit in an amount equal to six percent of the nonexpensed qualified investment. Allows a corporate shareholder an income tax credit based on the amount of dividends received by such taxpayer during the taxable year. Sets forth the method for calculating the amount of such credit. Treats a corporate shareholder as having received distributions taxable as dividends in an amount equal to the shareholder's pro rata share of the undistributed earnings and profits of the corporation. Sets forth the method for calculating undistributed earnings and profits of a corporation. Provides that the amount of any dividend received by a shareholder shall be increased by the amount of the shareholder income tax credit. Sets forth special rules for the allocation of a corporation's earnings and profits in the case of actual distributions and losses. Sets forth rules for the treatment of shareholder income tax credits received by corporations. | 2025-08-29T17:38:39Z | |
| 98-hr-6415 | 98 | hr | 6415 | A bill to amend the Internal Revenue Code of 1954 to clarify the conditions under which scholarship and fellowship grants will be excluded from gross income. | Taxation | 1984-10-05 | 1984-10-05 | Referred to House Committee on Ways and Means. | House | Rep. Evans, Cooper [R-IA-3] | IA | R | E000259 | 0 | Amends the Internal Revenue Code to provide that the extent of faculty supervision or participation with respect to the performance of teaching, research, or other services by individuals who are candidates for a degree shall not be relevant in determining whether such activities are required as a condition for receiving a degree for purposes of excluding amounts received for such services from gross income pursuant to provisions allowing a tax exclusion for scholarship and fellowship grants. Provides that all degree candidates do not have to perform substantially identical activities with respect to teaching, research, or other services for such activities to be found to be a condition for receiving a degree. | 2024-02-07T16:32:33Z | |
| 98-hr-6416 | 98 | hr | 6416 | A bill to amend the Internal Revenue Code of 1954 to extend the residential energy credit with respect to solar renewable energy source expenditures, with declining percentages of credit, through 1990, and for other purposes. | Taxation | 1984-10-05 | 1984-10-05 | Referred to House Committee on Ways and Means. | House | Rep. Fowler, Wyche, Jr. [D-GA-5] | GA | D | F000329 | 7 | Amends the Internal Revenue Code to extend the residential energy income tax credit for solar energy property for five years (from 1985 to 1990). Phases out the percentage of expenditures which may be taken into account for such credit between the years 1986 and 1990. Limits to $6,000 the maximum amount of expenditures for solar hot water systems which may be taken into account for purposes of such credit. Specifies additional standards which solar hot water systems must meet in order to qualify for such credit. Increases and extends for five years (from 1985 to 1990) the energy investment tax credit for specified types of solar energy property. | 2024-02-07T16:32:33Z | |
| 98-hr-6419 | 98 | hr | 6419 | Renewable Energy Incentive Act of 1984 | Taxation | 1984-10-05 | 1984-10-05 | Referred to House Committee on Ways and Means. | House | Rep. Heftel, Cecil [D-HI-1] | HI | D | H000449 | 3 | Renewable Energy Incentive Act of 1984 - Title I: Extension of Business Energy Credits - Amends the Internal Revenue Code to extend the energy investment tax credit for solar energy property from 1985 to 1990. Sets the amount of such credit during such period at 15 percent for low temperature solar property and 25 percent for all other solar property. Extends the energy investment tax credit for wind property from 1985 to 1990. Sets the amount of such credit at: (1) 15 percent during 1986; (2) ten percent during 1987 and 1988; and (3) five percent during 1989 and 1990. Extends the energy investment tax credit for geothermal property, hydroelectric generating property, ocean thermal property, and biomass property from 1985 to 1990. Title II: Affirmative Commitment Rule to Extend the Business Credit for Certain Long-Term Projects - Extends for five years from 1990 to 1995 the time period during which an affirmative commitment must be made in order for long-term energy projects to be eligible for the energy investment tax credit. Applies such extension to affirmative commitments made for: (1) solar energy property; (2) geothermal energy property; (3) wind energy property; (4) ocean thermal energy property; (5) hydroelectric generating property; and (6) biomass property. Title III: Extension of Residential Energy Credits - Extends the residential energy income tax credit for renewable energy source expenditures from 1985 to 1990. Phases out such credit over such period for: (1) solar renewable energy property; and (2) wind renewable energy property. Extends the residential energy income tax credit for energy conservation expenditures from 1985 to 1988. Title IV: Eligibility of Public Utility Property - Makes public utility property eligible for treatment as energy property for purposes of the energy investment tax credit. Title V: Effective Date - Sets forth the effective date of this Act. | 2025-08-29T17:38:46Z | |
| 98-hr-6420 | 98 | hr | 6420 | Cash Flow Income Tax Act of 1985 | Taxation | 1984-10-05 | 1984-10-05 | Referred to House Committee on Ways and Means. | House | Rep. Heftel, Cecil [D-HI-1] | HI | D | H000449 | 0 | Cash Flow Income Tax Act of 1985 - Title I: Cash Flow Income Tax - Subtitle A: Cash Flow Income Tax - - Amends the Internal Revenue Code to reduce the tax rates for individuals and the number of tax brackets. Imposes an income tax of 30 percent on the taxable income of an estate or trust in excess of $3,000. Provides for a yearly cost-of-living adjustment for the standard deduction, the dependent credit, and the "ten percent bracket." Repeals: (1) the minimum tax for tax preferences; (2) the accumulated earnings tax; (3) the personal holding company tax; (4) the foreign personal holding company tax; and (5) the dividend paid deduction. Imposes a 30 percent income tax on the taxable income of every corporation. Provides that such tax shall be equal to at least 30 percent of the accumulated surplus of a corporation. Revises the definitions of "taxable income," "adjusted gross income," "net income," and "gross income." Provides that the standard deduction shall be $8,000 in the case of a joint return ($4,000 for single individuals or married filing separately). Sets forth restrictions on the availability of the standard deduction. Provides for an unlimited carryforward of any negative amount of a corporation's adjusted net income flow or a taxpayer's taxable income. Allows the taxpayer a credit against the tax for each dependent exemption. Provides that such credit may not exceed the tax of the taxpayer. Subtitle B: Base Broadening - Repeals various tax credits and tax exclusions. Includes in gross income: (1) amounts received as prizes and awards; (2) amounts received as unemployment compensation; (3) social security and tier 1 railroad retirement benefits; and (4) an amount equal to the cost of group-term life insurance carried by an employer for an employee. Includes in gross income the value of property acquired by gfit, bequest, devise, or inheritance. Permits a $5,000 per year exclusion for such property. Repeals various tax deductions. Allows a deduction for interest incurred to purchase, carry, or i… | 2025-08-29T17:41:21Z | |
| 98-hr-6421 | 98 | hr | 6421 | A bill to amend the Internal Revenue Code of 1954 with respect to the treatment of incentive stock options. | Taxation | 1984-10-05 | 1984-10-05 | Referred to House Committee on Ways and Means. | House | Rep. Jones, James R. [D-OK-1] | OK | D | J000232 | 1 | Amends the Internal Revenue Code to repeal the inclusion of incentive stock options as an item of tax preference for purposes of the minimum tax. Repeals requirements that incentive stock options be exercised in chronological order. Modifies the present $100,000 limit on the aggregate amount of incentive stock options which an employer may grant per year. | 2024-02-07T16:32:33Z | |
| 98-hr-6405 | 98 | hr | 6405 | A bill to amend the Federal Deposit Insurance Act and the National Housing Act to restrict the manner in which federally insured depository institutions may increase fees on individual retirement accounts and to limit the penalties imposed by any depository institution for the early withdrawal of a time deposit. | Taxation | 1984-10-04 | 1984-10-17 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. Vento, Bruce F. [D-MN-4] | MN | D | V000087 | 0 | Amends the Internal Revenue Code regarding individual retirement accounts to require financial institutions to state fees clearly in governing instruments and delay fee increases for 90 days after announcement or the first date for penalty-free withdrawal, whichever is later. Prohibits early withdrawal penalties from reducing the original principal amount. Amends the Federal Deposit Insurance Act and the National Housing Act, respectively, to require insured banks to comply with such Code amendments. | 2024-02-06T19:38:08Z | |
| 98-s-3057 | 98 | s | 3057 | A bill to amend the Internal Revenue Code of 1954 to extend the energy conservation investment tax credit to new diesel-electric locomotives. | Taxation | 1984-10-04 | 1984-10-16 | Committee on Finance requested executive comment from OMB, Treasury Department, Energy Department, Transportation Department. | Senate | Sen. Specter, Arlen [R-PA] | PA | R | S000709 | 3 | Amends the Internal Revenue Code to allow a ten percent energy investment tax credit for diesel-electric locomotives of at least 2,200 horsepower purchased by a common carrier engaged in the trade or business of using rail transportation. Requires that such locomotives be at least 15 percent more fuel efficient than any locomotive replaced by the taxpayer. | 2025-01-03T20:54:05Z | |
| 98-s-3061 | 98 | s | 3061 | A bill to amend the Internal Revenue Code of 1954 to clarify the extent to which a state or political subdivision thereof may tax certain income from sources outside the United States. | Taxation | 1984-10-04 | 1984-10-16 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Hawkins, Paula [R-FL] | FL | R | H000374 | 1 | Amends the Internal Revenue Code to prohibit State taxation of: (1) corporate income derived from sources outside of the United States; or (2) income of corporate affiliates that derive 80 percent or more of their income from foreign sources. | 2025-01-03T20:54:05Z | |
| 98-s-3062 | 98 | s | 3062 | A bill to deal with imputed interest rates. | Taxation | 1984-10-04 | 1984-10-16 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Heinz, John [R-PA] | PA | R | H000456 | 0 | Amends the Internal Revenue Code to revise the method of calculating imputed interest rates for certain deferred payments. Sets such rate at 12 percent, compounded semiannually, for total unstated interest. Sets the test rate for stated interest at ten percent, compounded semiannually. | 2025-01-03T20:54:05Z | |
| 98-s-3066 | 98 | s | 3066 | Base-Broadening Tax Act of 1984 | Taxation | 1984-10-04 | 1984-10-16 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Chafee, John H. [R-RI] | RI | R | C000269 | 0 | Base-Broadening Tax Act of 1984 - Amends the Internal Revenue Code to provide for temporary reductions in certain income tax credits and deductions for taxable years beginning on January 1, 1985, and ending on December 31, 1989. Provides for a ten percent reduction during such period of itemized deductions of an individual taxpayer. Provides for a ten percent reduction during such period of: (1) the foreign tax credit; (2) the credit for tax withheld on wages; (3) the earned income tax credit; (4) the credit for tax withheld at the source on nonresident aliens and foreign corporations; (5) the credit for certain uses of gasoline and special fuels; and (6) the Puerto Rico and possession tax credit. Provides for a ten percent reduction during such period of the income tax deductions for: (1) accelerated cost recovery; (2) the amortization of pollution control facilities; (3) circulation and research and experimental expenditures; (4) percentage depletion in excess of basis; (5) intangible drilling costs and mineral exploration and development costs; (6) certain financial institution preference items; (7) life insurance companies; (8) expenses for business entertainment or attendance at conventions; and (9) capital gains. Provides for a ten percent reduction during such period of the dollar limitation on: (1) used property eligible for the investment tax credit; (2) the partial exclusion of dividends received by individuals; (3) the one-time exclusion of the gain on the sale of a residence; (4) the dividend reinvestment in stock of public utilities; (5) the exclusion of earned income of citizens or residents of the U.S. living abroad; (6) the deduction for certain depreciable assets; (7) the deduction for expenditures to remove architectural barriers to the handicapped and the elderly; (8) the deduction for amortization of reforestation expenditures; (9) the deduction for retirement savings; (10) the deduction for luxury cars; (11) benefits and contributions under employee benefit plans; (12) the amount of private… | 2025-08-29T17:37:49Z | |
| 98-hr-6376 | 98 | hr | 6376 | Small Business Consumed Income Tax Act of 1984 | Taxation | 1984-10-03 | 1984-10-03 | Referred to House Committee on Ways and Means. | House | Rep. Ford, Harold E. [D-TN-9] | TN | D | F000261 | 0 | Small Business Consumed Income Tax Act of 1984 - Amends the Internal Revenue Code to allow a qualified small business corporation to elect tax treatment as a "subchapter W corporation." Defines a "subchapter W corporation" as any small business corporation which: (1) has 95 percent or more of its gross receipts for the taxable year in receipts which are not passive investment income; (2) has 95 percent or more of the aggregate adjusted bases of its assets in assets used or held for use in its trade or business; (3) has not made an election for tax treatment as a subchapter S corporation; and (4) does not have as a principal function the performance of services in health, law, engineering, architecture, accounting, actuarial science, performing arts, or consulting. Allows such a corporation to make an election for treatment as a subchapter W corporation if: (1) all shareholders consent to such an election; (2) neither the corporation nor any predecessor corporation has made a previous election; (3) the gross receipts for the taxable year in which the election is made do not exceed $20,000,000; and (4) the aggregate adjusted bases of such corporation's assets do not exceed $5,000,000. Provides that such an election shall be effective for the taxable year in which made and the nine succeeding taxable years. Provides that the income of a qualified subchapter W corporation shall not be taxable to the corporation during such ten year election period. Permits the termination of such an election by revocation. Provides that actual or deemed distributions of cash or other property to a shareholder of a subchapter W corporation shall be treated as ordinary income of the shareholder to the extent of his or her pro rata share of the earnings and profits of the corporation. Provides that deemed distributions shall include: (1) taxable income of the subchapter W corporation to the extent its taxable income exceeds $1,000,000; (2) loans made by such a corporation to a shareholder or a person related to the shareholder; and (… | 2025-08-29T17:37:49Z | |
| 98-hr-6382 | 98 | hr | 6382 | A bill to provide that amounts received by any employer under the Emergency Veterans' Job Training Program Act of 1983 in connection with the employment of any veteran shall be excluded from gross income of the employer. | Taxation | 1984-10-03 | 1984-10-03 | Referred to House Committee on Ways and Means. | House | Rep. Leath, Marvin [D-TX-11] | TX | D | L000180 | 1 | Provides that amounts received by an employer under the Emergency Veterans' Job Training Program Act of 1983 in connection with the employment of any veteran shall be excluded from the gross income of the employer. | 2024-02-07T16:32:33Z | |
| 98-hr-6384 | 98 | hr | 6384 | SELF-Tax Plan Act of 1984 | Taxation | 1984-10-03 | 1984-10-03 | Referred to House Committee on Ways and Means. | House | Rep. Schulze, Richard T. [R-PA-5] | PA | R | S000146 | 0 | SELF-Tax Plan Act of 1984 - Amends the Internal Revenue Code to provide lower income tax rates for individuals, estates, and trusts, and to reduce the number of tax brackets to four (three for estates and trusts). Repeals all the nonrefundable personal tax credits available to individuals. Repeals the earned income credit. Limits to corporations the availability of the tax credit for clinical testing expenses for drugs, the tax credit for producing fuel from nonconventional sources, the tax credit for increasing research activities, and the general business tax credit. Repeals all exclusions from gross income except certain listed exclusions. Repeals provisions relating to dividend reinvestment in public utilities. Limits the amount of scholarship and fellowship awards which may be excluded from gross income to the amount of tuition and related expenses. Provides that payments for teaching, research, or other services may not be excluded as scholarship or fellowship amounts where the teaching, research, or other services are not required of all candidates for a particular degree as a condition to receive such degree. Repeals the qualified tuition reduction exclusion. Makes certain exclusions available only to corporations. Repeals all itemized deductions for individuals and corporations except certain listed deductions. Repeals the additional personal exemption for age and blindness. Repeals the deduction for all consumer interest other residential property interest. Includes in the gross income of an individual any unemployment compensation or any government or welfare assistance benefits. Provides that certain employee benefits shall be taken into account in computing FICA taxes, railroad retirement taxes, unemployment taxes, and withholding taxes. Repeals the tax exemption for deposits into, and withdrawals from, the capital construction fund under the Merchant Marine Act, 1936. Repeals the capital gains deduction for individuals. Limits the individual deduction of capital losses to a maximum of $3,000. Eli… | 2025-08-29T17:40:39Z | |
| 98-hr-6388 | 98 | hr | 6388 | Miscellaneous Charitable Contribution Tax Act of 1984 | Taxation | 1984-10-03 | 1984-10-03 | Referred to House Committee on Ways and Means. | House | Rep. Daub, Hal [R-NE-2] | NE | R | D000065 | 1 | Miscellaneous Charitable Contributions Tax Act of 1984 - Amends the Internal Revenue Code to require tax-exempt organizations subject to the unrelated business tax and private foundations subject to investment income tax to make estimated tax payments. Increases the percentage limitation on the deductions for charitable contributions to 60 percent of the taxpayer's contribution base for individuals and 20 percent of the taxable income for corporations. Increases from 5 to 15 years the period for carryforward of excess charitable contribution deductions. Permits a corporation to make a charitable contribution to a person even though the person owns part or all of the stock of such corporation. Provides that the present value of a gift of a remainder interest must be discounted at a rate of five percent per annum for purposes of the charitable contribution deduction. Makes various changes in the rules relating to private foundations, charitable remainder trusts, and charitable contributions by trusts to private foundations. Authorizes the Secretary of the Treasury to impose a fee not to exceed $250 for any taxable year to process an application and prepare a written determination for recognition of an exemption from tax. Directs the Secretary to impose a fee for filing an annual tax exempt organization information return. | 2025-08-29T17:39:16Z | |
| 98-hr-6389 | 98 | hr | 6389 | A bill to repeal Revenue Ruling 84-132 which denies a charitable contribution deduction for certain contributions to athletic scholarship programs. | Taxation | 1984-10-03 | 1984-10-03 | Referred to House Committee on Ways and Means. | House | Rep. Dicks, Norman D. [D-WA-6] | WA | D | D000327 | 5 | Repeals Revenue Ruling 84-132, which denies a charitable contribution deduction for contributions to athletic scholarship programs where the donation entitles the individual to preference in purchasing tickets to certain events. | 2024-02-07T16:32:33Z | |
| 98-s-3050 | 98 | s | 3050 | SELF-Tax Plan Act of 1984 | Taxation | 1984-10-03 | 1984-10-16 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Quayle, Dan [R-IN] | IN | R | Q000007 | 0 | SELF-Tax Plan Act of 1984 - Amends the Internal Revenue Code to provide lower income tax rates for individuals, estates, and trusts and to reduce the number of tax brackets to four (three for estates and trusts). Repeals all the nonrefundable personal tax credits available to individuals. Repeals the earned income credit. Limits to corporations the availability of the tax credit for clinical testing expenses for drugs, the tax credit for producing fuel from nonconventional sources, the tax credit for increasing research activities, and the general business tax credit. Repeals all exclusions from gross income except certain listed exclusions. Repeals provisions relating to dividend reinvestment in public utilities. Limits the amount of scholarship and fellowship awards which may be excluded from gross income to the amount of tuition and related expenses. Provides that payments for teaching, research, or other services may not be excluded as scholarship or fellowship amounts where the teaching, research, or other services are not required of all candidates for a particular degree as a condition for receiving such degree. Repeals the qualified tuition reduction exclusion. Makes certain exclusions available only to corporations. Repeals all itemized deductions for individuals and corporations except certain listed deductions. Repeals the additional personal exemption for age and blindness. Repeals the deduction for all consumer interest other than residential property interest. Includes in the gross income of an individual any unemployment compensation or any government or welfare assistance benefits. Provides that certain employee benefits shall be taken into account in computing FICA taxes, railroad retirement taxes, unemployment taxes, and withholding taxes. Repeals the tax exemption for deposits into, and withdrawals from, the capital construction fund under the Merchant Marine Act, 1936. Repeals the capital gains deduction for individuals. Limits the individual deduction of capital losses to a maximum of $3,… | 2025-08-29T17:39:25Z | |
| 98-hr-6356 | 98 | hr | 6356 | Natural Resources Severance Tax Act of 1984 | Taxation | 1984-10-02 | 1984-10-11 | Referred to Subcommittee on Monopolies and Commercial Law. | House | Rep. Aspin, Les [D-WI-1] | WI | D | A000224 | 0 | Natural Resources Severance Tax Act of 1984 - Title I: Severance Tax on Oil, Natural Gas, and Coal - Amends the Internal Revenue Code to impose an excise tax on: (1) domestic crude oil sold by a producer; (2) domestic natural gas sold by a producer; and (3) domestic coal sold by a producer. Sets the amount of such taxes at: (1) $2.80 per barrel of domestic crude oil; (2) 16 cents per 1,000 cubic feet of domestic natural gas; and (3) $2.00 per ton of domestic coal. Provides that no domestic crude oil, natural gas, or coal and no producer of any such oil, gas, or coal shall be exempt from such excise taxes. Title II: Limitation on Amount of State Severance Taxes on Crude Oil, Natural Gas, and Coal Entering Interstate Commerce - Limits the amount of severance taxes which may be imposed by States on oil, natural gas, and coal. Sets such limit at the amount of the costs incurred by a State which are directly attributable to the production within the State of crude oil, natural gas, or coal. Allows the Attorney General or any person who pays a severance tax to bring a civil action in a district court of the United States in order to enforce such limitation. | 2025-08-29T17:39:23Z | |
| 98-hr-6360 | 98 | hr | 6360 | A bill to amend the Internal Revenue Code of 1954 to repeal the tax credit for political contributions made to political action committees. | Taxation | 1984-10-02 | 1984-10-02 | Referred to House Committee on Ways and Means. | House | Rep. LaFalce, John J. [D-NY-32] | NY | D | L000556 | 0 | Amends the Internal Revenue Code to repeal the tax credit for political contributions made to political action committees. | 2024-02-07T16:32:33Z | |
| 98-hr-6364 | 98 | hr | 6364 | Broad-Based Enhanced Savings Tax Act of 1984 | Taxation | 1984-10-02 | 1984-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Moore, W. Henson [R-LA-6] | LA | R | M000923 | 0 | Broad-Based Enhanced Savings Tax Act of 1984 - Title I: Reduction of Individual Income Tax Rates - Amends the Internal Revenue Code to reduce the number of tax brackets to four and to reduce the marginal tax rates in the four brackets. Provides for a three-year phase down of the marginal tax rates ending in 1989. Postpones until 1986 the indexing of the rate brackets, including the zero bracket amount. Increases the earned income credit for certain individuals and couples with children in 1985 to 13 percent of the first $5,200 of earned income. Phases out the credit as the earned income of the taxpayer increases. Provides for an inflation adjustment to the earned income credit. Increases the personal exemption deduction to $1,050 in 1985. Allows a cost-of-living adjustment to this amount. Repeals the alternative minimum tax for individuals, income averaging, and special averaging rules for lump-sum distributions. Title II: Incentives for Investment and Savings - Subtitle A: Depreciation Reform - Permits the taxpayer to take a deduction with respect to expense-method property in the year it is placed in service equal to the basis of such property. Defines "expense-method property" as tangible property that is assigned to the 3-year or 5-year class for purposes of ACRS deductions and qualifies for the investment credit. Prohibits the expensing of several types of properties. Provides that the deduction for expense-method property shall be phased in over a period of 5 years, with the complete allowance of the expense-method property deduction occurring in 1990. Provides that the amount not eligible for the expense-method property deduction shall be eligible for the investment tax credit and the depreciation deduction. Provides that expense-method property shall not be eligible for the investment tax credit. Reduces the recovery period for 18-year real property placed in service after 1989 to 15 years. Subtitle B: Savings Incentives - Allows an individual to establish a super savings account to which tax… | 2025-08-29T17:40:38Z | |
| 98-hr-6373 | 98 | hr | 6373 | Enterprise Zone Act of 1984 | Taxation | 1984-10-02 | 1984-10-29 | Referred to Subcommittee on Trade. | House | Rep. Aspin, Les [D-WI-1] | WI | D | A000224 | 0 | Enterprise Zone Act of 1984 - Title I: Designation of Enterprise Zones - Amends the Internal Revenue Code to provide for the designation of enterprise zones by the Secretary of Housing and Urban Development for purposes of extending the tax incentives and regulatory flexibility measures provided by this Act. Provides that State and local governments shall nominate areas for such designation. Limits the total number of designated areas to 60 (20 per year over a three-year period). Requires that at least one-fourth of such areas be in rural areas. Limits the period during which such designations shall remain in effect. Provides that the Secretary may designate such zones only if: (1) the area is within the jurisdiction of the local government; (2) the boundary of the area is continuous; (3) the area has a population of at least 4,000 if any portion thereof is located within a standard metropolitan statistical area (within a population of at least 50,000) or 1,000 otherwise, or it is within an Indian reservation; and (4) the area meets specified unemployment and poverty requirements. Requires nominating local governments, as a condition of the Secretary's designation, to agree in writing to follow a course of action which may include reducing tax rates, improving local services, simplifying or streamlining regulation of business, or receiving commitments of private entities to assist employees and residents of the area. Terminates the authority of the Secretary to designate enterprise zones on July 1, 1988, or three years after the publication of regulations pertaining to such zones, whichever is later. Describes areas to which preference shall be given in deciding to designate enterprise zones. Requires the Secretary to prepare and submit to the Congress every two years a report on the effects of such enterprise zones' designation. Requires that any property tax reduction effected by a local government under the terms of this Act be disregarded for purposes of determining the eligibility of a State or local go… | 2025-08-29T17:41:31Z | |
| 98-s-3042 | 98 | s | 3042 | Broad-Based Enhanced Savings Tax Act of 1984 | Taxation | 1984-10-02 | 1984-10-16 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Roth Jr., William V. [R-DE] | DE | R | R000460 | 0 | Broad-Based Enhanced Savings Tax Act of 1984 - Title I: Reduction of Individual Income Tax Rates - Amends the Internal Revenue Code to reduce the number of tax brackets to four and to reduce the marginal tax rates in the four brackets. Provides for a three-year phase down of the marginal tax rates ending in 1990. Postpones until 1986 the indexing of the rate brackets, including the zero bracket amount. Increases the earned income credit for certain individuals and couples with children in 1985 to 13 percent of the first $5,200 of earned income. Phases out the credit as the earned income of the taxpayer increases. Provides for an inflation adjustment to the earned income credit. Increases the personal exemption deduction to $1,050 in 1985. Allows a cost-of-living adjustment to this amount. Repeals the alternative for lump-sum distributions. Title II: Incentives for Investment and Savings - Subtitle A: Depreciation Reform - Permits the taxpayer to take a deduction with respect to expense-method property in the year it is placed in service equal to the basis of such property. Defines "expense-method property" as tangible property that is assigned to the 3-year or 5-year class for purposes of ACRS deductions and qualifies for the investment credit. Prohibits the expensing of several types of properties. Provides that the deduction for expense-method property shall be phased in over a period of 5 years, with the complete allowance of the expense-method property deduction occurring in 1990. Provides that the amount not eligible for the expense-method property deduction shall be eligible for the investment tax credit and the depreciation deduction. Provides that expense method property shall not be eligible for the investment tax credit. Reduces the recovery period for 18-year real property placed in service after 1989 to 15 years. Subtitle B: Savings Incentives - Allows an individual to establish a super savings account to which tax deductible contributions may be made. Limits the maximum amount of deductions t… | 2025-08-29T17:40:31Z | |
| 98-hr-6336 | 98 | hr | 6336 | A bill to allow a deduction for a dependent who has attained the age of 65 to the same extent as deduction is allowable for a dependent who is a child. | Taxation | 1984-10-01 | 1984-10-01 | Referred to House Committee on Ways and Means. | House | Rep. Bennett, Charles E. [D-FL-3] | FL | D | B000371 | 0 | Amends the Internal Revenue Code to allow a deduction for a dependent who has attained the age of 65 to the same extent as a deduction is allowable for a dependent who is a child. | 2024-02-07T16:32:33Z | |
| 98-hr-6331 | 98 | hr | 6331 | A bill to abate the assessment of any deficiency for any taxable year beginning in 1979, 1980, or 1981 to the extent the assessment of such deficiency has not been collected and is attributable to the application of the dual plan restriction to the deduction for individual retirement plans. | Taxation | 1984-09-28 | 1984-09-28 | Referred to House Committee on Ways and Means. | House | Rep. Frank, Barney [D-MA-4] | MA | D | F000339 | 0 | Provides for the abatement of the assessment of any deficiency for any taxable year beginning in 1979, 1980, or 1981 to the extent such assessment has not been collected and is attributable to the application of the dual plan restriction to the deduction for individual retirement plans. | 2024-02-07T16:32:33Z | |
| 98-s-3033 | 98 | s | 3033 | Ten Percent Flat Tax Rate Act | Taxation | 1984-09-28 | 1984-10-02 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Nickles, Don [R-OK] | OK | R | N000102 | 0 | Ten Percent Flat Tax Rate Act - Title I: Ten Percent Tax Rate For All Individuals And Unincorporated Associations - Amends the Internal Revenue Code to impose a flat rate tax of ten percent on the adjusted gross income of individuals and unincorporated associations. Defines "unincorporated association" as any taxable entity which is not incorporated pursuant to the laws of any State, the United States, or any foreign nation. Repeals the income tax credits for: (1) the elderly; (2) contributions to candidates for public office; (3) the purchase of a new principal residence; (4) dependent care expenses; (5) earned income; and (6) residential energy conservation expenses. Repeals the alternative minimum tax for taxpayers other than corporations. Provides that specified income tax credits shall not be available to individuals and unincorporated associations. Excludes from the gross income of individuals or unincorporated associations: (1) alimony and separate maintenance payments; (2) scholarship payments and fellowship grants; (3) social security payments; (4) excess social security tax payments; (5) payments received for disability; (6) payments received pursuant to the Railroad Retirement Act; (7) certain civil service retirement benefits; and (8) interest payments received on State and municipal bonds. Defines "adjusted gross income" in the case of an individual or unincorporated association as gross income minus: (1) trade or business deductions; (2) trade and business deductions of employees; and (3) expenses relating to income production. Disallows certain exclusions from the gross income of individuals and unincorporated associations, including exclusions for: (1) certain death payments; (2) gifts and inheritances; (3) injury or sickness compensation; (4) employer contributions to accident and health plans; (5) partial dividends; (6) contributions to corporation capital; and (7) dependent care assistance. Allows deductions from the adjusted gross income of individuals for personal exemptions. Sets the a… | 2025-08-29T17:39:00Z | |
| 98-s-3032 | 98 | s | 3032 | A bill to amend the Internal Revenue Code of 1954 to provide for more equitable test and imputed interest rates, and for other purposes. | Taxation | 1984-09-27 | 1984-10-02 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Durenberger, Dave [R-MN] | MN | R | D000566 | 9 | Amends the Internal Revenue Code to reduce the rate of imputed interest for the sale or exchange of property. Allows a lower rate of imputed interest for the first $1,500,000 of the sales price of principal residences or farm lands. Reduces the rate of imputed interest for purposes of determining the issue price in the case of debt instruments issued for property. Provides that such rate of imputed interest shall not apply in determining the issue price of debt instruments issued for residences and the first $1,500,000 of the sales price for farm lands. | 2025-01-03T20:54:05Z | |
| 98-hr-6312 | 98 | hr | 6312 | A bill to amend the Internal Revenue Code of 1954 to prevent any life insurance company from taking undue advantage of the fresh-start provisions of the Tax Reform Act of 1984 through changes in business practices after 1983 with respect to policyholder dividends. | Taxation | 1984-09-26 | 1984-09-26 | Referred to House Committee on Ways and Means. | House | Rep. Rostenkowski, Dan [D-IL-8] | IL | D | R000458 | 3 | Amends the Internal Revenue Code to provide that policyholder dividend amounts that are accelerated and are paid or accrued because of a change in business practices by an insurance company after December 31, 1983, shall not be taken into account as paid or accrued for purposes of the policyholder dividends income tax deduction to the extent that such amounts do not exceed the amounts held as of December 31, 1983, by an insurance company as reserves for dividends to policyholders. Revises the definition of "statement gain or loss from operations" for purposes of the reduction in certain deductions of mutual life insurance companies. | 2024-02-07T16:32:33Z | |
| 98-hr-6315 | 98 | hr | 6315 | A bill to prohibit the issuance in bearer form of Treasury obligations or of securities which are interests in Treasury obligations, and for other purposes. | Taxation | 1984-09-26 | 1984-09-26 | Referred to House Committee on Ways and Means. | House | Rep. Russo, Martin A. [D-IL-3] | IL | D | R000543 | 116 | Requires that every obligation of the United States be issued in registered form. Amends the Internal Revenue Code to prohibit the issuance in bearer form of securities which are interests in U.S. Government-backed securities. Imposes a three percent excise tax on the issuer of registration-required U.S. Government-backed securities which are not issued in registered form. Provides that the issue price of any U.S. Government-backed security shall be treated as the principal amount of the obligation. Imposes a 30 percent withholding tax on interest received by foreigners from U.S. Government-backed securities. | 2024-02-07T16:32:33Z | |
| 98-hr-6326 | 98 | hr | 6326 | A bill to provide a deduction from gross income for individual taxpayers who maintain a household which includes a dependent of the taxpayer who suffers from Alzheimer's disease. | Taxation | 1984-09-26 | 1984-10-01 | Referred to Subcommittee on Health. | House | Rep. Snowe, Olympia J. [R-ME-2] | ME | R | S000663 | 2 | Amends the Internal Revenue Code to allow an income tax deduction for the home health care and adult day care expenses of a taxpayer who maintains a household which includes a dependent of the taxpayer who suffers from Alzheimer's disease. Permits this deduction whether or not the taxpayer itemizes deductions. | 2024-02-07T16:32:33Z | |
| 98-hr-6327 | 98 | hr | 6327 | A bill to amend the Internal Revenue Code of 1954 to allow the dependent care credit for expenses with respect to dependents incapable of self-care without regard to whether such expenses are incurred to enable the taxpayer to be gainfully employed. | Taxation | 1984-09-26 | 1984-09-26 | Referred to House Committee on Ways and Means. | House | Rep. Snowe, Olympia J. [R-ME-2] | ME | R | S000663 | 2 | Amends the Internal Revenue Code to allow the dependent care income tax credit for expenses incurred for the care of dependents incapable of self-care without regard to whether such expenses were incurred to enable the taxpayer to be gainfully employed. | 2024-02-07T16:32:33Z | |
| 98-hr-6302 | 98 | hr | 6302 | A bill to delay for one year the application of certain restrictions contained in section 103 of the Internal Revenue Code of 1954 to obligations issued under section 11(b) of the United States Housing Act of 1937. | Taxation | 1984-09-25 | 1984-09-25 | Referred to House Committee on Ways and Means. | House | Rep. Coyne, William J. [D-PA-14] | PA | D | C000846 | 0 | Amends the Internal Revenue Code to delay for one year, until July 1, 1985, the application of certain restrictions pertaining to tax-exempt obligations with respect to public housing obligations issued for low-income housing. | 2024-02-07T16:32:33Z | |
| 98-hr-6306 | 98 | hr | 6306 | A bill to amend the Internal Revenue Code of 1954 to make certain changes in the rules relating to imputing interest on certain deferred payments with respect to sales and exchanges of residential, business, and investment property. | Taxation | 1984-09-25 | 1984-09-25 | Referred to House Committee on Ways and Means. | House | Rep. Panetta, Leon [D-CA-16] | CA | D | P000047 | 6 | Amends the Internal Revenue Code to reduce the amount of imputed interest on deferred payments for the sale or exchange of property. Allows a lower rate of imputed interest for: (1) the first $250,000 of the sale price of residential property sold by an individual; (2) the first $1,000,000 of the sale price of farm property sold by an individual; and (3) the first $1,000,000 of the sale price of property used in a trade or business or held for the production of income. Provides that present rules for the imputation of interest shall not apply to assumptions of pre-effective date loans. | 2024-02-07T16:32:33Z | |
| 98-hr-6308 | 98 | hr | 6308 | Base-Broadening Tax Act of 1984 | Taxation | 1984-09-25 | 1984-09-25 | Referred to House Committee on Ways and Means. | House | Rep. Stark, Fortney Pete [D-CA-9] | CA | D | S000810 | 0 | Base-Broadening Tax Act of 1984 - Amends the Internal Revenue Code to provide for temporary reductions in certain income tax credits and deductions for taxable years beginning on January 1, 1985, and ending on December 31, 1989. Provides for a ten percent reduction during such period of the amount of itemized deductions of an individual taxpayer. Provides for a 20 percent reduction during such period of: (1) the foreign tax credit; (2) the credit for tax withheld on wages; (3) the earned income tax credit; (4) the credit for tax withheld at the source on nonresident aliens and foreign corporations; (5) the credit for certain uses of gasoline and special fuels; and (6) the Puerto Rico and possession tax credit. Provides for a 20 percent reduction during such period of the income tax deductions for: (1) accelerated cost recovery; (2) the amortization of pollution control facilities; (3) circulation and research and experimental expenditures; (4) percentage depletion in excess of basis; (5) intangible drilling costs and mineral exploration and development costs; (6) certain financial institution preference items; (7) life insurance companies; and (8) capital gains. Provides for a 20 percent reduction during such period of the dollar limitation on: (1) used property eligible for the investment tax credit; (2) the partial exclusion of dividends received by individuals; (3) the one-time exclusion of the gain on the sale of a residence; (4) the dividend reinvestment in stock of public utilities; (5) the exclusion of earned income of citizens or residents of the U.S. living abroad; (6) the deduction for certain depreciable assets; (7) the deduction for expenditures to remove architectural barriers to the handicapped and the elderly; (8) the deduction for amortization of reforestation expenditures; (9) the deduction for retirement savings; (10) the deduction for luxury cars; (11) benefits and contributions under employee benefit plans; (12) the amount of private activity bonds and mortgage subsidy bonds which may be is… | 2025-08-29T17:37:54Z | |
| 98-s-3013 | 98 | s | 3013 | Space Development Act of 1984 | Taxation | 1984-09-21 | 1984-09-25 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Gorton, Slade [R-WA] | WA | R | G000333 | 8 | Space Development Act of 1984 - Provides that activities performed in space for U.S. persons on any spacecraft predominantly used or operated in space and controlled from locations within the United States, articles produced in space primarily for sale or use within the United States upon such spacecraft, and assets used or operated in space upon such spacecraft (including such spacecraft) shall be treated as activities performed, or articles produced, within the United States for purposes of the Internal Revenue Code and the Tariff Schedules of the United States. Amends the Internal Revenue Code to allow an investment tax credit for any tangible personal property which is predominantly used or operated in space and which is either a spacecraft or is used or operated upon such spacecraft. Includes as recovery property eligible as a tax deduction with respect to the recovery cost system any tangible property used in space subject to the allowance for depreciation. Includes in the gross income of a taxpayer certain income derived from commercial activity in space. | 2025-08-29T17:41:40Z | |
| 98-hr-6275 | 98 | hr | 6275 | A bill to amend the Internal Revenue Code of 1954 to require notification to taxpayers of the penalty for filing a frivolous income tax return and to require space on the income tax return for taxpayer comments. | Taxation | 1984-09-19 | 1984-09-19 | Referred to House Committee on Ways and Means. | House | Rep. Kasich, John R. [R-OH-12] | OH | R | K000016 | 0 | Amends the Internal Revenue Code to require the Secretary of the Treasury to include a notice to taxpayers of the penalty for filing frivolous returns. Requires that such notice be included in the written instructions to the individual income tax return forms. Requires the Secretary to include space on income tax returns for taxpayer comments. | 2024-02-07T16:32:33Z | |
| 98-hr-6276 | 98 | hr | 6276 | A bill for the relief of certain taxpayers penalized under section 6702 of the Internal Revenue Code of 1954 for filing frivolous income tax returns. | Taxation | 1984-09-19 | 1984-09-19 | Referred to House Committee on Ways and Means. | House | Rep. Kasich, John R. [R-OH-12] | OH | R | K000016 | 0 | Requires the Secretary of the Treasury to credit or refund to certain taxpayers the amount such taxpayers were penalized for the filing of frivolous income tax returns. Makes eligible for such credit or refund a taxpayer who filed an income tax return between September 4, 1982, and December 31, 1984, if such return was required to contain or be verified by a declaration that it was made under penalties of perjury and such declaration was subsequently struck out or altered. | 2024-02-07T16:32:33Z | |
| 98-hr-6260 | 98 | hr | 6260 | GST Tax Simplification Act of 1984 | Taxation | 1984-09-18 | 1984-10-02 | Committee Hearings Held. | House | Rep. Rostenkowski, Dan [D-IL-8] | IL | D | R000458 | 1 | GST Tax Simplification Act of 1984 - Amends the Internal Revenue Code to provide a flat rate of tax on every generation-skipping transfer. Provides that the liability for the tax shall be that of the transferee except in the case of taxable terminations, where the liability will be that of the trustee, or in the case of a direct skip, where the liability will be that of the transferor. Permits a credit for any generation-skipping transfer tax paid to any State with respect to any property subject to this tax if such transfer occurs at the time of death or as a result of death of an individual. Defines the terms "generation-skipping transfer," "taxable distributions," "taxable terminations," and "direct skip" for purposes of this Act. Describes the method for determining the taxable amount where there is a taxable distribution, a taxable termination, or a direct skip. Requires that property be valued as of the time of the generation-skipping transfer. Allows for certain instances of alternate valuation. Allows a special $10,000 per year exemption for certain otherwise taxable distributions from trusts. Establishes rules to be followed to qualify for this special exemption. Provides for an exemption of up to $1,000,000 for each person making generation-skipping transfers. Allows an individual to apply the exemption to transfers made by his or her spouse or to transfer the exemption to the spouse. Permits the allocation of this exemption at any time up to the due date of an individual's estate tax return. Provides that the rate of tax on generation-skipping transfers will be 80 percent of the maximum Federal estate tax rate. Establishes rules for the determination of the inclusion ratio to be used to determine the amount of the generation-skipping transfer subject to tax. Sets forth valuation rules for generation-skipping transfers. Sets forth rules for: (1) assigning individuals to generations for purposes of making the determination of whether a generation-skipping transfer occurs; and (2) adjusting the b… | 2025-08-29T17:40:04Z | |
| 98-hr-6261 | 98 | hr | 6261 | GST Tax Simplification Act of 1984 | Taxation | 1984-09-18 | 1984-10-02 | Committee Hearings Held. | House | Rep. Rostenkowski, Dan [D-IL-8] | IL | D | R000458 | 1 | GST Tax Simplification Act of 1984 - Amends the Internal Revenue Code to impose a separate tax on three forms of generation-skipping transfers: (1) taxable distributions; (2) taxable terminations; and (3) outright skips. Provides that the rate of tax on these generation-skipping transfers will be equal to the maximum unified Federal estate and gift tax rate. Allows every transferor to take a credit of $417,000 against the generation-skipping transfers during the transferor's life. Sets forth rules for the allocation of such credit. Defines "taxable distribution," "taxable termination," and "outright skips" for purposes of this Act. Levies a gift tax on taxable distributions. Provides that the trustee making the distribution is liable for the payment of the tax. Permits the distributee to elect to pay the tax. Denies the taxable distribution eligibility for the annual gift tax exclusion. Permits an income tax deduction for a percentage of the taxable distribution includible in the gross income of the distributee. Imposes a surtax on every outright generation skip. Makes the transferor liable for the payment of this tax. Imposes an estate tax on every taxable termination. Provides that the trustee with respect to which the taxable termination occurs shall be liable for the payment of the tax. Provides special rules and definitions relating to the operation of the generation skipping transfer taxes. Directs the Secretary of the Treasury to prescribe by regulations the person required to make the return with respect to the generation-skipping transfer tax and the time for making such return. Requires the Secretary to promulgate regulations to implement the generation-skipping transfer taxes. | 2025-08-29T17:38:17Z | |
| 98-hr-6253 | 98 | hr | 6253 | A bill to amend the Internal Revenue Code of 1954 to permit individual retirement accounts and individually-directed accounts to acquire and dispose of tangible investment assets in transactions with persons other than interested persons. | Taxation | 1984-09-14 | 1984-09-14 | Referred to House Committee on Ways and Means. | House | Rep. Matsui, Robert T. [D-CA-3] | CA | D | M000249 | 0 | Amends the Internal Revenue Code to revise the restrictions on investments in tangible investment assets by individual retirement accounts and individually directed accounts. Allows such investments except for: (1) the acquisition of a tangible investment asset from the individual (or his beneficiaries) for whose benefit the account was created; or (2) the transfer (by distribution or otherwise) of a tangible investment asset from an account to the individual (or his beneficiaries) for whose benefit the account has been created. | 2024-02-07T16:32:33Z | |
| 98-hr-6254 | 98 | hr | 6254 | A bill to amend the Internal Revenue Code of 1954 to make permanent the exclusion from gross income for amounts received under qualified group legal services plans. | Taxation | 1984-09-14 | 1984-09-17 | Referred to Subcommittee on Select Revenue Measures. | House | Rep. Moakley, John Joseph [D-MA-9] | MA | D | M000834 | 0 | Amends the Internal Revenue Code to make permanent the exclusion from the gross income of employees for amounts paid by the employer to provide legal services. | 2024-02-07T16:32:33Z | |
| 98-hr-6256 | 98 | hr | 6256 | A bill to provide that certain allowances provided to certain employees of the Panama Canal Commission will be exempt from federal taxation. | Taxation | 1984-09-14 | 1984-09-14 | Referred to House Committee on Ways and Means. | House | Rep. Shumway, Norman D. [R-CA-14] | CA | R | S000393 | 1 | Amends the Panama Canal Act of 1979 to exempt from taxation the cost of living allowance or certain other allowances paid to certain employees of the Panama Canal Commission. | 2024-02-07T16:32:33Z | |
| 98-hr-6236 | 98 | hr | 6236 | REIT Tax Provisions Revision Act of 1984 | Taxation | 1984-09-13 | 1984-09-13 | Referred to House Committee on Ways and Means. | House | Rep. Conable, Barber B., Jr. [R-NY-30] | NY | R | C000666 | 1 | REIT Tax Provisions Revision Act of 1984 - Amends the Internal Revenue Code to revise rules concerning the taxation of the income of shareholders of certain real estate investment trusts (REITs). Treats as ordinary income the gain on the sale or exchange of stock in a real estate investment trust to the extent of the amount of any recapture distribution previously received with respect to such stock. Defines "recaputure distribution." Exempts REITs from the special rules for corporate tax preference items relating to the reduction in certain preference items. Increases the allowable selling price and number of sales of real estate assets by a REIT without imposition of the 100 percent prohibited transaction tax. Eliminates the independent contractor requirement for the management of rental property and use of foreclosure property which is owned by a REIT. Revises standards for the disqualification of a REIT as a personal holding company. Allows REITs to have wholly-owned subsidiaries. Revises rules disqualifying income in the form of rents or interest based on net income or profits of the tenant of a REIT. Excludes net operating losses carried over from prior years for purposes of computing the net capital gain of a REIT for the taxable year. Excludes net losses from prohibited transactions for purposes of computing REIT taxable income. Eliminates present requirements that a capital gain dividend must be designated as such in a written notice from a REIT to its shareholders within 30 days after the close of the REIT taxable year. Substitutes for such requirement a notice to the Secretary of the Treasury within 45 days after the close of the REIT taxable year. Allows the payment of dividends within 90 days after the close of the taxable year by a REIT without the imposition of the excise tax on REIT taxable income net distributed during the taxable year. Limits the penalty on a REIT making a deficiency dividend distribution due to adjustment of REIT taxable income. Excludes from REIT distribution requirements … | 2025-08-29T17:38:52Z | |
| 98-hr-6244 | 98 | hr | 6244 | Residential Energy Conservation Tax Credit Act of 1984 | Taxation | 1984-09-13 | 1984-09-13 | Referred to House Committee on Ways and Means. | House | Rep. Ottinger, Richard L. [D-NY-20] | NY | D | O000134 | 21 | Residential Energy Conservation Tax Credit Act of 1984 - Amends the Internal Revenue Code to extend the income tax credit for residential energy conservation expenditures for five years (from 1985 to 1990). Revises the method of calculating the amount of such credit. Reduces the maximum amount of the expenditures which may be taken into account from $2,000 to $1,000. Increases the percentage of the expenditures which may be taken into account from 15 to 40 percent. Phases out such credit for taxpayers with an adjusted gross income in excess of $30,000. | 2025-08-29T17:39:00Z | |
| 98-hr-6245 | 98 | hr | 6245 | A bill to amend the Internal Revenue Code of 1954 to increase the amount of the deductions allowed for personal exemptions. | Taxation | 1984-09-13 | 1984-09-13 | Referred to House Committee on Ways and Means. | House | Rep. Schroeder, Patricia [D-CO-1] | CO | D | S000142 | 0 | Amends the Internal Revenue Code to increase the amount of the deductions allowed for personal exemptions from $1,000 to $2,600. | 2024-02-07T16:32:33Z | |
| 98-s-2995 | 98 | s | 2995 | A bill to amend the Tax Reform Act of 1984 to provide a transitional rule for the tax treatment of certain air travel benefits provided to employees of airlines. | Taxation | 1984-09-13 | 1984-09-18 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Moynihan, Daniel Patrick [D-NY] | NY | D | M001054 | 11 | Amends the Tax Reform Act of 1984 to provide that an individual who, as of September 12, 1984, was performing services for one member of a corporate group and was eligible for nontaxable air travel benefits provided by a corporate affiliate shall continue to be eligible for such benefits if as of that date: (1) the primary business of the affiliated group was air transportation of passengers; and (2) at least 50 percent of the persons performing services for the corporation for which the individual is currently performing services were employees of or had previously performed services for the second such corporation. | 2025-01-03T20:54:05Z | |
| 98-hr-6231 | 98 | hr | 6231 | A bill to amend the Tax Reform Act of 1984 to provide a transitional rule for the treatment of certain air travel benefits provided to employees of airlines. | Taxation | 1984-09-12 | 1984-09-12 | Referred to House Committee on Ways and Means. | House | Rep. Stark, Fortney Pete [D-CA-9] | CA | D | S000810 | 31 | Amends the Tax Reform Act of 1984 to provide that an individual who, as of September 12, 1984, was performing services for one member of a corporate group and was eligible for nontaxable air travel benefits provided by a corporate affiliate shall continue to be eligible for such benefits if as of that date: (1) the primary business of the affiliated group was air transportation of passengers; and (2) at least 50 percent of the persons performing services for the corporation for which the individual is currently performing services were employees of or had previously performed services for the second such corporation. | 2024-02-07T16:32:33Z | |
| 98-s-2987 | 98 | s | 2987 | Minority Telecommunications Ownership Tax Act of 1984 | Taxation | 1984-09-12 | 1984-09-18 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Domenici, Pete V. [R-NM] | NM | R | D000407 | 0 | Minority Telecommunications Ownership Tax Act of 1984 - Amends the Internal Revenue Code to increase the dollar limitation on used property eligible for the investment tax credit from $150,000 to $5,000,000 for property certified by the Federal Communications Commission (FCC) as necessary or appropriate to effectuate an FCC policy with respect to the ownership and control of systems of communication by wire or radio. Extends to non-broadcast communications systems the nonrecognition of gain on FCC-certified sales and exchanges. | 2025-08-29T17:38:21Z | |
| 98-hr-6199 | 98 | hr | 6199 | A bill to amend section 501(c)(14) of the Internal Revenue Code of 1954 to exempt from income taxation certain nonprofit corporations and associations organized to provide reserve funds for domestic savings and loan associations; and for other purposes. | Taxation | 1984-09-06 | 1984-09-06 | Referred to House Committee on Ways and Means. | House | Rep. Jenkins, Edgar L. [D-GA-9] | GA | D | J000083 | 1 | Amends the Internal Revenue Code to exempt from income taxation certain nonprofit corporations and associations organized to provide reserve funds for domestic savings and loan associations. | 2024-02-07T16:32:33Z | |
| 98-hr-6146 | 98 | hr | 6146 | A bill to preclude States from taking into account, under the unitary taxing method, the income of a corporation's foreign affiliates. | Taxation | 1984-08-10 | 1984-08-17 | Referred to Subcommittee on Monopolies and Commercial Law. | House | Rep. Mica, Daniel Andrew [D-FL-14] | FL | D | M000688 | 2 | Amends the Internal Revenue Code to preclude States from taking into account, for purposes of taxation under the unitary taxing method, the income of a corporation's foreign affiliates. | 2021-06-29T21:24:01Z | |
| 98-hr-6150 | 98 | hr | 6150 | A bill to amend the Internal Revenue Code of 1954 to increase and limit the amount of the expenses for household and dependent care services necessary for gainful employment which may be taken into account for computing a tax credit. | Taxation | 1984-08-10 | 1984-08-10 | Referred to House Committee on Ways and Means. | House | Rep. Carper, Thomas R. [D-DE-At Large] | DE | D | C000174 | 0 | Amends the Internal Revenue Code to increase the income tax credit for child care expenses from a maximum of 30 percent to a maximum of 50 percent of such expenses. Reduces such percentage by one percent for each full $1,000 by which the taxpayer's adjusted gross income exceeds $10,000. | 2024-02-07T16:32:33Z | |
| 98-hr-6157 | 98 | hr | 6157 | A bill to amend the Internal Revenue Code of 1954 to provide that the 10,000,000 dollar exclusion of capital expenditures where there is an urban development action grant shall apply whether the grant was made before or after the issuance of bonds. | Taxation | 1984-08-10 | 1984-08-10 | Referred to House Committee on Ways and Means. | House | Rep. Gekas, George W. [R-PA-17] | PA | R | G000121 | 0 | Amends the Internal Revenue Code to provide that for purposes of the small issue industrial development bonds tax exemption, the $10,000,000 exclusion of capital expenditures where there is an urban development action grant shall apply whether the grant was made before or after the issuance of bonds. | 2024-02-07T16:32:33Z | |
| 98-hr-6165 | 98 | hr | 6165 | Fair and Simple Tax Act of 1984 | Taxation | 1984-08-10 | 1984-08-10 | Referred to House Committee on Ways and Means. | House | Rep. Kemp, Jack [R-NY-31] | NY | R | K000086 | 39 | Fair and Simple Tax Act of 1984 - Title I: Reduction of Individual and Corporate Tax Rates - Subtitle A: Reduction of Rates - Amends the Internal Revenue Code to revise individual tax rates. Imposes a tax rate of 25 percent on the taxable income of every individual. Imposes a tax rate of 15 percent on corporate income which does not exceed $50,000 and a tax rate of 30 percent on corporate income exceeding $50,000. Subtitle B: Increase in Amount of Personal Exemption and Zero Bracket Amount - Increases the amount of the personal exemption to $2,000. Increases the zero bracket amount to $2,700 for single taxpayers and $3,500 for a joint return or surviving spouse. Provides for an annual adjustment in the personal exemption and the zero bracket amount by a cost-of-living adjustment based on the Consumer Price Index. Repeals the exemption for dependents who are students over the age of 18. Subtitle C: Employment Income Exclusion Established - Allows an individual taxpayer to exclude 20 percent of the amount received during the taxable year by such individual as employment income. Provides that the exclusion shall be phased out when the individual's wages and salaries exceed the Federal Insurance Compensation Act's maximum wage base for the calendar year. Excludes all of an individual's employment income where the employment income for the taxable year is $10,000 or less ($15,000 or less in the case of a joint return). Provides for an annual adjustment in the employment income exclusion by a cost-of-living adjustment based on the Consumer Price Index. Subtitle D: Repeals Related to Reduction in Rates - Repeals provisions relating to: (1) tax tables for individuals; (2) special averaging rules for lump-sum distributions; (3) accumulated corporate surplus; (4) personal holding companies; (5) income averaging; and (6) graduated corporate tax rates. Applies the trust throwback rules only to amounts distributed from a foreign trust. Title II: Base Broadening - Subtitle A: Credits - Repeals the following income… | 2025-08-29T17:39:56Z | |
| 98-hr-6169 | 98 | hr | 6169 | A bill to amend the Internal Revenue Code of 1954 with respect to the limitation on the amount of private activity bonds which may be issued in a State. | Taxation | 1984-08-10 | 1984-08-10 | Referred to House Committee on Ways and Means. | House | Rep. LaFalce, John J. [D-NY-32] | NY | D | L000556 | 0 | Amends the Internal Revenue Code to provide that the amount of private activity bonds which may be issued in a State shall be limited to an amount equal to $150 multiplied by the State's population. | 2024-02-07T16:32:33Z | |
| 98-hr-6171 | 98 | hr | 6171 | A bill to amend the Internal Revenue Code of 1954 to restrict to 10 percent the maximum rate of interest with respect to certain underpayments of individual income tax where a notice of deficiency was not timely sent. | Taxation | 1984-08-10 | 1984-08-10 | Referred to House Committee on Ways and Means. | House | Rep. Marlenee, Ron [R-MT-2] | MT | R | M000139 | 0 | Amends the Internal Revenue Code to limit to ten percent the maximum rate of interest on certain underpayments of individual income tax where a notice of deficiency was not sent within one year after the later of: (1) the last day for filing of tax returns; or (2) the date such return was filed. | 2024-02-07T16:32:33Z | |
| 98-hr-6172 | 98 | hr | 6172 | A bill to amend the Internal Revenue Code of 1954 to clarify the application of the imputed interest and interest accrual rules in the case of sales of residences, farms, and real property held for trade, business or investment purposes. | Taxation | 1984-08-10 | 1984-08-10 | Referred to House Committee on Ways and Means. | House | Rep. Matsui, Robert T. [D-CA-3] | CA | D | M000249 | 95 | Amends the Internal Revenue Code to exempt from the application of imputed interest rules: (1) the first $250,000 of the sale price of residential property sold by an individual; (2) the first $1,000,000 of the sale price of farm property; and (3) the first $500,000 of the sale price of business, trade, or investment property. | 2024-02-07T16:32:33Z | |
| 98-hr-6176 | 98 | hr | 6176 | A bill to amend the Internal Revenue Code of 1954 to deny the depreciation deduction with respect to multifamily rental housing for any year for which such housing does not meet health and safety standards, and for other purposes. | Taxation | 1984-08-10 | 1984-08-10 | Referred to House Committee on Ways and Means. | House | Rep. Owens, Major R. [D-NY-12] | NY | D | O000159 | 0 | Amends the Internal Revenue Code to deny the depreciation deduction with respect to multifamily rental housing for any year for which such housing does not meet health and safety standards or the State and local real property taxes with respect to such housing are not being paid on a satisfactory basis. Requires the taxpayer to provide with the tax return on which the depreciation deduction is claimed both a property tax certification and a health and safety certification. Provides that deductions disallowed pursuant to these rules shall be treated as an expense after the recovery period. | 2024-02-07T16:32:33Z | |
| 98-hr-6180 | 98 | hr | 6180 | A bill to amend the Internal Revenue Code of 1954 to prohibit the issuance in bearer form of securities which are interests in Treasury obligations. | Taxation | 1984-08-10 | 1984-08-10 | Referred to House Committee on Ways and Means. | House | Rep. Stark, Fortney Pete [D-CA-9] | CA | D | S000810 | 0 | Amends the Internal Revenue Code to prohibit the issuance in bearer form of securities which are interests in Treasury obligations. Provides that the issue price of any registration-required obligation shall be treated as the principal amount of the obligation. | 2024-02-07T16:32:33Z | |
| 98-hr-6182 | 98 | hr | 6182 | Enterprise Zone Community Development and Employment Act of 1984 | Taxation | 1984-08-10 | 1984-08-20 | Referred to Subcommittee on Trade. | House | Rep. Wheat, Alan [D-MO-5] | MO | D | W000326 | 6 | Enterprise Zone Community Development and Employment Act of 1984 - Title I: Designation of Enterprise Zones - Amends the Internal Revenue Code to provide for the designation of enterprise zones by the Secretary of Housing and Urban Development for purposes of extending the tax incentives and regulatory flexibility measures provided by this Act. Provides that State and local governments shall nominate areas for such designation. Limits the designation of enterprise zones to a specified number of nominated areas per year (one-third of which must be in rural areas). Limits the period during which such designations shall remain in effect. Provides that the Secretary may designate such zones only if: (1) the area is within the jurisdiction of the local government; (2) the boundary of the area is continuous; (3) the area has a population of at least 4,000 if any portion thereof is located within a standard metropolitan statistical area (with a population of at least 50,000) or 1,000 otherwise, or is within an Indian reservation; and (4) the area meets specified unemployment and poverty requirements. Requires nominating local governments, as a condition of the Secretary's designation, to agree in writing to follow a course of action which may include improving local services, simplifying or streamlining regulation of business, or receiving commitments of private entities to assist employees and residents of the area. Describes areas to which preference shall be given by the Secretary in deciding to designate enterprise zones. Limits the authority of the Secretary to designate enterprise zones to a period of ten years after the publication of regulations pertaining to such zones. Requires the Secretary to report to Congress on the effects of such enterprise zones' designation not later than two years after the Secretary first designates areas as enterprise zones. Requires that any tax reduction effected by a local government under the terms of this Act be disregarded for purposes of determining the eligibility of a S… | 2025-08-29T17:41:15Z | |
| 98-hr-6183 | 98 | hr | 6183 | A bill to waive certain requirements of section 103A of the Internal Revenue Code of 1954 with respect to certain veterans mortgage obligations. | Taxation | 1984-08-10 | 1984-08-10 | Referred to House Committee on Ways and Means. | House | Rep. Wise, Robert E., Jr. [D-WV-3] | WV | D | W000654 | 3 | Amends the Internal Revenue Code to waive issue date requirements and volume limitations for qualified veterans' mortgage bonds issued by a State that adopted a resolution relating to the Veterans Mortgage Bond Program on March 9, 1984, and ratified such resolution in 1984. | 2024-02-07T16:32:33Z | |
| 98-s-2948 | 98 | s | 2948 | Fair and Simple Tax Act of 1984 | Taxation | 1984-08-10 | 1984-08-20 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Kasten, Robert W., Jr. [R-WI] | WI | R | K000019 | 1 | Fair and Simple Tax Act of 1984 - Title I: Reduction of Individual and Corporate Tax Rates - Subtitle A: Reduction of Rates - Amends the Internal Revenue Code to revise individual tax rates. Imposes a tax rate of 25 percent on the taxable income of every individual. Imposes a tax rate of 15 percent on corporate income which does not exceed $50,000 and a tax rate of 30 percent on corporate income exceeding $50,000. Subtitle B: Increase in Amount of Personal Exemption and Zero Bracket Amount - Increases the amount of the personal exemption to $2,000. Increases the zero bracket amount to $2,700 for single taxpayers and $3,500 for a joint return or surviving spouse. Provides for an annual adjustment in the personal exemption and the zero bracket amount by a cost-of-living adjustment based on the Consumer Price Index. Repeals the exemption for dependents who are students over the age of 18. Subtitle C: Employment Income Exclusion Established - Allows an individual taxpayer to exclude 20 percent of the amount received during the taxable year by such individual as employment income. Provides that the exclusion shall be phased out when the individual's wages and salaries exceed the Federal Insurance Compensation Act's maximum wage base for the calendar year. Excludes all of an individual's employment income where the employment income for the taxable year is $10,000 or less ($15,000 or less in the case of a joint return). Provides for an annual adjustment in the employment income exclusion by a cost-of-living adjustment based on the Consumer Price Index. Subtitle D: Repeals Related to Reduction in Rates - Repeals provisions relating to: (1) tax tables for individuals; (2) special averaging rules for lump-sum distributions; (3) accumulated corporate surplus; (4) personal holding companies; (5) income averaging; and (6) graduated corporate tax rates. Applies the trust throwback rules only to amounts distributed from a foreign trust. Title II: Base Broadening - Subtitle A: Credits - Repeals the following income… | 2025-08-29T17:37:40Z | |
| 98-hr-6113 | 98 | hr | 6113 | A bill to amend the Internal Revenue Code of 1954 to provide for the repayment of the increased tax imposed on fuel used in diesel-powered automobiles or light trucks. | Taxation | 1984-08-09 | 1984-08-09 | Referred to House Committee on Ways and Means. | House | Rep. Schulze, Richard T. [R-PA-5] | PA | R | S000146 | 4 | Amends the Internal Revenue Code to provide for the repayment of the increased excise tax imposed on fuel used in diesel-powered automobiles or light trucks. Sets the amount of such repayment at six cents per gallon. | 2024-02-07T16:32:33Z | |
| 98-hr-6125 | 98 | hr | 6125 | A bill to require the Secretary of the Treasury to exhaust administrative procedures established within the Internal Revenue Service for resolving disputes with a taxpayer before sending such taxpayer a notice of deficiency and to allow such Secretary to withdraw a notice of deficiency erroneously issued to a taxpayer. | Taxation | 1984-08-09 | 1984-08-09 | Referred to House Committee on Ways and Means. | House | Rep. Stark, Fortney Pete [D-CA-9] | CA | D | S000810 | 0 | Amends the Internal Revenue Code to prohibit the Secretary of the Treasury from sending a notice of deficiency to a taxpayer unless: (1) the Secretary has made reasonable attempts to contact and meet face-to-face with the taxpayer; and (2) all administrative procedures established within the Internal Revenue Service have been exhausted. Allows the Secretary to withdraw a notice of deficiency erroneously issued to a taxpayer. | 2024-02-07T16:32:33Z | |
| 98-hr-6128 | 98 | hr | 6128 | A bill to amend the Internal Revenue Code of 1954 to exclude from a taxpayer's modified adjusted gross income the amount of interest received or accrued by the taxpayer in determining whether the taxpayer's social security benefits or railroad retirement benefits are to be included in gross income subject to income tax. | Taxation | 1984-08-09 | 1984-08-09 | Referred to House Committee on Ways and Means. | House | Rep. Young, Don [R-AK-At Large] | AK | R | Y000033 | 0 | Amends the Internal Revenue Code to exclude from a taxpayer's modified adjusted gross income the amount of tax-exempt interest received or accrued by the taxpayer in determining whether the taxpayer's social security benefits or railroad retirement benefits are to be included in gross income subject to income tax. | 2024-02-07T16:32:33Z | |
| 98-hr-6138 | 98 | hr | 6138 | A bill to amend the Internal Revenue Code of 1954 to provide a tax credit to taxpayers who recycle certain agricultural chemical containers in accordance with the applicable laws and regulations. | Taxation | 1984-08-09 | 1984-08-09 | Referred to House Committee on Ways and Means. | House | Rep. Pashayan, Charles, Jr. [R-CA-17] | CA | R | P000097 | 1 | Amends the Internal Revenue Code to provide an income tax credit for the recycling of metal containers used to store agricultural chemicals. Sets the amount of such credit at 25 cents per pound of qualified agricultural chemical container which the taxpayer recycles. | 2024-02-07T16:32:33Z | |
| 98-s-2930 | 98 | s | 2930 | A bill to repeal the changes made by the Tax Reform Act of 1984 with respect to the tax treatment of debt instruments issued for property. | Taxation | 1984-08-09 | 1984-08-20 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Symms, Steven D. [R-ID] | ID | R | S001138 | 51 | Amends the Internal Revenue Code to repeal rules relating to the determination of the issue price of certain debt instruments issued for property. Amends the Tax Reform Act of 1984 to repeal the revisions made to rules for the imputation of interest on certain deferred payments. Provides that the Internal Revenue Code shall be applied and administered as if such revisions had not been enacted. | 2025-01-03T19:04:17Z | |
| 98-s-2933 | 98 | s | 2933 | A bill to amend the Internal Revenue Code of 1954 to provide that restrictions on the allowance for depreciation and the investment credit for property leased by a tax-exempt entity not apply to certain correctional facilities leased by State and local governments. | Taxation | 1984-08-09 | 1984-09-14 | Senate Subcommittee on Taxation and Debt Management. Hearings held. Hearings printed: S.Hrg. 98-1130. | Senate | Sen. D'Amato, Alfonse [R-NY] | NY | R | D000018 | 0 | Amends the Internal Revenue Code to provide that restrictions on the allowance for depreciation and the investment tax credit for property leased by a tax-exempt entity shall not apply to certain correctional facilities leased by State and local governments. | 2025-01-03T20:56:15Z | |
| 98-s-2945 | 98 | s | 2945 | A bill to waive certain requirements of Section 103a of the Internal Revenue Code of 1954 with respect to certain veterans' mortgage obligations. | Taxation | 1984-08-09 | 1984-08-20 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Byrd, Robert C. [D-WV] | WV | D | B001210 | 1 | Amends the Internal Revenue Code to waive issue date requirements and volume limitations for qualified veterans' mortgage bonds issued by a State that adopted a resolution relating to the Veterans Mortgage Bond Program on March 9, 1984, and ratified such resolution in 1984. | 2025-01-03T19:04:17Z | |
| 98-s-2914 | 98 | s | 2914 | Enterprise Zone Act of 1984 | Taxation | 1984-08-08 | 1984-08-20 | Committee on Finance requested executive comment from OMB, International Trade Commission, Office of the U.S. Trade Representative, Treasury Department, State Department, Commerce Department. | Senate | Sen. Boschwitz, Rudy [R-MN] | MN | R | B000647 | 38 | Enterprise Zone Act of 1984 - Title I: Designation of Enterprise Zones - Amends the Internal Revenue Code to provide for the designation of enterprise zones by the Secretary of Housing and Urban Development for purposes of extending the tax incentives and regulatory flexibility measures provided by this Act. Provides that State and local governments shall nominate areas for such designation. Limits the total number of designated areas to 75 (25 per year over a three-year period). Requires that at least one-third of such area be in rural areas. Limits the period during which such designations shall remain in effect. Provides that the Secretary may designate such zones only if: (1) the area is within the jurisdiction of the local government; (2) the boundary of the area is continuous; (3) the area has a population of at least 4,000 if any portion thereof is located within a standard metropolitan statistical area (within a population of at least 50,000) or 1,000 otherwise, or it is within an Indian reservation; and (4) the area meets specified unemployment and poverty requirements. Requires nominating local governments, as a condition of the Secretary's designation, to agree in writing to follow a course of action which may include reducing tax rates, improving local services, simplifying or streamlining regulation of business, or receiving commitments of private entities to assist employees and residents of the area. Terminates the authority of the Secretary to designate enterprise zones on December 31, 1988, or three years after the publication of regulations pertaining to such zones, whichever is later. Describes areas to which preference shall be given in deciding to designate enterprise zones. Requires the Secretary to prepare and submit to the Congress every four years a report on the effects of such enterprise zones' designation. Requires that any property tax reduction effected by a local government under the terms of this Act be disregarded for purposes of determining the eligibility of a State or loca… | 2025-08-29T17:39:10Z | |
| 98-s-2913 | 98 | s | 2913 | A bill to amend the Tax Reform Act of 1984 to clarify that a credit union is not to be treated as an instrumentality of the United States for purposes of determining exemptions from the tax-exempt leasing rules. | Taxation | 1984-08-07 | 1984-08-20 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Moynihan, Daniel Patrick [D-NY] | NY | D | M001054 | 1 | Amends the Tax Reform Act of 1984 to provide that a credit union is not to be treated as an instrumentality of the United States for purposes of determining exemptions from the tax-exempt leasing rules. | 2025-01-03T19:04:17Z | |
| 98-s-2908 | 98 | s | 2908 | A bill to correct a flaw in the UBTI provisions of the Internal Revenue Code. | Taxation | 1984-08-06 | 1984-08-20 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Pryor, David H. [D-AR] | AR | D | P000556 | 0 | Amends the Internal Revenue Code to provide that income derived by congressionally chartered organizations and certain nonprofit organizations from the rental or exchange of mailing lists with another nonprofit organization shall not be considered unrelated business taxable income. | 2025-01-03T19:04:17Z | |
| 98-s-2905 | 98 | s | 2905 | A bill to amend the Internal Revenue Code of 1954 to provide that distilled spirits originally distilled from cane in Puerto Rico or the Virgin Islands shall be exempt from restrictions imposed with respect to the cover over of excise tax revenues and to allow the full excise tax on distilled spirits to be covered over to the possessions. | Taxation | 1984-08-03 | 1984-09-04 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Moynihan, Daniel Patrick [D-NY] | NY | D | M001054 | 0 | Amends the Internal Revenue Code to exempt from the restrictions imposed with respect to the rebate of excise tax revenues any distilled spirits originally distilled from cane in Puerto Rico or the Virgin Islands. Allows the full excise tax on distilled spirits to be rebated to Puerto Rico and the Virgin Islands. | 2025-01-03T19:04:17Z | |
| 98-hr-6073 | 98 | hr | 6073 | A bill to amend the Internal Revenue Code of 1954 to provide that consolidated returns may not be filed by certain corporations which are dominant in any market with respect to any product. | Taxation | 1984-08-02 | 1984-08-02 | Referred to House Committee on Ways and Means. | House | Rep. Owens, Major R. [D-NY-12] | NY | D | O000159 | 0 | Amends the Internal Revenue Code to provide that consolidated returns may not be filed by any corporation which is determined by the Secretary of the Treasury to be a disqualified oligopolistic corporation. Defines "disqualified oligopolistic corporation" as any corporation which: (1) has more than $250,000,000 in gross receipts for the taxable year; and (2) derives more than $100,000,000 in gross receipts for such year from the sale of any product if such sales account for ten percent or more of the total market in any relevant market area. | 2024-02-07T16:32:33Z | |
| 98-s-2903 | 98 | s | 2903 | A bill to amend the Internal Revenue Code of 1954 to provide that restrictions on the allowance for depreciation and the investment credit for property leased by a tax-exempt entity not apply to certain correctional facilities leased by State and local governments. | Taxation | 1984-08-02 | 1984-08-06 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. D'Amato, Alfonse [R-NY] | NY | R | D000018 | 0 | Amends the Internal Revenue Code to provide that restrictions on the allowance for depreciation and the investment tax credit for property leased by a tax-exempt entity shall not apply to certain correctional facilities leased by State and local governments. | 2025-01-03T19:04:17Z | |
| 98-s-2893 | 98 | s | 2893 | A bill to amend the Internal Revenue Code of 1954 to repeal the limitation on the aggregate face amount of private activity bonds, and for other purposes. | Taxation | 1984-07-31 | 1984-08-06 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Specter, Arlen [R-PA] | PA | R | S000709 | 3 | Amends the Internal Revenue Code to repeal the limitation on private activity bonds and the restriction on the use of industrial development bonds to acquire existing facilities. Extends from 1986 to 1988 the small issue industrial development bond exceptions for non-manufacturing facilities. | 2025-01-03T19:04:17Z | |
| 98-s-2894 | 98 | s | 2894 | A bill to amend the Internal Revenue Code of 1954 to clarify the application of the imputed interest and interest accrual rules in the case of sales of residences, farms, and real property used in a trade or business. | Taxation | 1984-07-31 | 1984-08-20 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Melcher, John [D-MT] | MT | D | M000635 | 32 | Amends the Internal Revenue Code to reduce the rate of imputed interest for: (1) the first $250,000 of the sale price of residential property sold by an individual; (2) the first $1,500,000 of the sale price of farm property sold by an individual, partnership, estate or small business corporation; and (3) the first $500,000 of the sale price of real property associated with the sale of a trade or business. | 2025-01-03T19:04:17Z | |
| 98-hr-6029 | 98 | hr | 6029 | A bill to amend the Internal Revenue Code of 1954 to provide an income tax credit for expenses incurred by an individual taxpayer for the purchase of television subtitle equipment to be used by a hearing-impaired individual. | Taxation | 1984-07-26 | 1984-07-26 | Referred to House Committee on Ways and Means. | House | Rep. Bonior, David E. [D-MI-12] | MI | D | B000619 | 49 | Amends the Internal Revenue Code to allow an income tax credit in an amount equal to 50 percent of expenses incurred for the purchase and installation of television subtitle equipment to be used by a hearing-impaired individual. Limits the amount of such credit to $250 ($125 in the case of a married individual filing a separate return). | 2024-02-07T16:32:33Z | |
| 98-hr-6030 | 98 | hr | 6030 | A bill to repeal the changes made to section 483 of the Internal Revenue Code of 1954 by the Tax Reform Act of 1984. | Taxation | 1984-07-26 | 1984-07-26 | Referred to House Committee on Ways and Means. | House | Rep. Hughes, William J. [D-NJ-2] | NJ | D | H000930 | 0 | Amends the Tax Reform Act of 1984 to repeal provisions revising the method of calculating the imputed interest rate on certain deferred payments. | 2024-02-07T16:32:33Z | |
| 98-hr-6032 | 98 | hr | 6032 | A bill to amend the Internal Revenue Code of 1954 to repeal the limitation on the aggregate amount of private activity bonds issued during any calendar year. | Taxation | 1984-07-26 | 1984-07-26 | Referred to House Committee on Ways and Means. | House | Rep. Stangeland, Arlan [R-MN-7] | MN | R | S000795 | 43 | Amends the Internal Revenue Code to repeal the limitations on the aggregate amount of private activity bonds issued during any calendar year. | 2024-02-07T16:32:33Z | |
| 98-s-2869 | 98 | s | 2869 | A bill to amend the Internal Revenue Code of 1954 to provide an income tax credit for expenses incurred by an individual taxpayer for the purchase of television subtitle equipment to be used by a hearing-impaired individual. | Taxation | 1984-07-26 | 1984-07-31 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Leahy, Patrick J. [D-VT] | VT | D | L000174 | 4 | Amends the Internal Revenue Code to allow an income tax credit in an amount equal to 50 percent of expenses incurred for the purchase and installation of television subtitle equipment to be used by a hearing-impaired individual. Limits the amount of such credit to $250 ($125 in the case of a married individual filing a separate return). | 2025-01-03T19:04:17Z | |
| 98-hr-6021 | 98 | hr | 6021 | A bill to repeal the changes made by the Tax Reform Act of 1984 with respect to the tax treatment of debt instruments issued for property. | Taxation | 1984-07-25 | 1984-07-25 | Referred to House Committee on Ways and Means. | House | Rep. Archer, Bill [R-TX-7] | TX | R | A000215 | 236 | Amends the Internal Revenue Code to repeal rules relating to the determination of the issue price of certain debt instruments issued for property. Amends the Tax Reform Act of 1984 to repeal the revisions made to rules for the imputation of interest on certain deferred payments. Provides that the Internal Revenue Code shall be applied and administered as if such revisions had not been enacted. | 2024-02-07T16:32:33Z | |
| 98-hr-6006 | 98 | hr | 6006 | A bill to amend the Internal Revenue Code of 1954 to provide that distilled spirits originally distilled from cane in Puerto Rico or the Virgin Islands shall be exempt from restrictions imposed with respect to the cover over of excise tax revenues and to allow the full excise tax on distilled spirits to be covered over to the possessions. | Taxation | 1984-07-23 | 1984-07-23 | See H.R.4170. | House | Resident Commissioner Corrada, Baltasar [I-PR-At Large] | PR | I | C000788 | 1 | Amends the Internal Revenue Code to exempt from the restrictions imposed with respect to the rebate of excise tax revenues any distilled spirits originally distilled from cane in Puerto Rico or the Virgin Islands. Allows the full excise tax on distilled spirits to be rebated to Puerto Rico and the Virgin Islands. | 2024-02-07T16:32:33Z | |
| 98-hr-5974 | 98 | hr | 5974 | A bill to repeal the changes made to section 483 of the Internal Revenue Code of 1954 by the Tax Reform Act of 1984. | Taxation | 1984-06-29 | 1984-06-29 | Referred to House Committee on Ways and Means. | House | Rep. Archer, Bill [R-TX-7] | TX | R | A000215 | 2 | Amends the Tax Reform Act of 1984 to repeal provisions revising the method of calculating the imputed interest rate on certain deferred payments. | 2024-02-07T16:32:33Z | |
| 98-hr-5975 | 98 | hr | 5975 | Tax Status of Space Act | Taxation | 1984-06-29 | 1984-07-10 | Referred to Subcommittee on Trade. | House | Rep. Bateman, Herbert H. [R-VA-1] | VA | R | B000229 | 81 | Tax Status of Space Act - Provides that activities performed in space for U.S. persons on any spacecraft owned by U.S. persons and articles produced in space primarily for sale or use within the United States shall be treated as activities performed within and articles produced within the United States for purposes of the Internal Revenue Code and the Tariff Schedules of the United States. | 2025-08-29T17:38:10Z | |
| 98-hr-5979 | 98 | hr | 5979 | A bill to amend the Internal Revenue Code of 1954 to deny the deduction for interest on indebtedness incurred to acquire corporations if the President determines that use of debt for corporate acquisitions should be discouraged. | Taxation | 1984-06-29 | 1984-06-29 | Referred to House Committee on Ways and Means. | House | Rep. Evans, Cooper [R-IA-3] | IA | R | E000259 | 0 | Amends the Internal Revenue Code to deny to a corporate taxpayer the deduction for interest on indebtedness incurred to acquire stock or assets of another corporation if the President determines that the use of debt for corporate acquisitions should be discouraged. | 2024-02-07T16:32:33Z | |
| 98-s-2833 | 98 | s | 2833 | A bill to limit to the national median family income the amount of farm loss which may be deducted against nonfarm income by high income taxpayers in competition with full-time, family-sized farm operators. | Taxation | 1984-06-29 | 1984-07-10 | Committee on Finance requested executive comment from OMB, Treasury Department, Agriculture Department. | Senate | Sen. Abdnor, James [R-SD] | SD | R | A000009 | 4 | Amends the Internal Revenue Code to limit the deductions of a taxpayer attributable to farming to the sum of: (1) the gross income of such taxpayer from the trade or business of farming for such taxable year, plus; (2) an amount equal to the national median family income for the previous year. Excludes from this tax-loss limitation those individuals, partnerships, or corporations which receive more taxable income from farm than non-farm sources in three out of the previous seven years. Provides that where the taxpayer engages in more than one trade or business of farming, all such trade or businesses shall be treated as a single trade or business. | 2025-01-03T19:04:17Z | |
| 98-s-2810 | 98 | s | 2810 | Passbook Savings Incentive Act of 1984 | Taxation | 1984-06-28 | 1984-07-10 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Boschwitz, Rudy [R-MN] | MN | R | B000647 | 0 | Passbook Savings Incentive Act of 1984 - Amends the Internal Revenue Code to exclude from gross income up to $5,000 ($10,000 for joint returns) of the interest earned on a passbook savings account. | 2025-08-29T17:39:38Z | |
| 98-s-2814 | 98 | s | 2814 | Pediatric Preventive Health Care Incentive Tax Act | Taxation | 1984-06-28 | 1984-07-10 | Committee on Finance requested executive comment from OMB, Treasury Department, Health and Human Services Department. | Senate | Sen. Chafee, John H. [R-RI] | RI | R | C000269 | 0 | Pediatric Preventive Health Care Incentive Tax Act - Amends the Internal Revenue Code to deny employers an income tax deduction for group health plan expenses unless such plan includes coverage for pediatric preventive health care. Defines "pediatric preventive health care" for purposes of qualification for such income tax deduction. | 2025-08-29T17:38:06Z | |
| 98-s-2815 | 98 | s | 2815 | A bill to repeal the changes made to section 483 of the Internal Revenue Code of 1954 by the Tax Reform Act of 1984. | Taxation | 1984-06-28 | 1984-07-10 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Symms, Steven D. [R-ID] | ID | R | S001138 | 6 | Amends the Tax Reform Act of 1984 to repeal provisions revising the method of calculating the imputed interest rate on certain deferred payments. | 2025-01-03T19:04:17Z | |
| 98-s-2822 | 98 | s | 2822 | A bill to amend section 483 of the Internal Revenue Code of 1954 to provide that such section shall not apply to certain sales and exchanges of real property located in the United States used as a farm or in a closely held business. | Taxation | 1984-06-28 | 1984-07-10 | Committee on Finance requested executive comment from OMB, Treasury Department, Agriculture Department. | Senate | Sen. Abdnor, James [R-SD] | SD | R | A000009 | 0 | Amends the Internal Revenue Code to exempt the sale or exchange of land used as a farm or in a closely held business from rules requiring the imputation of interest on certain deferred payments. | 2025-01-03T19:04:17Z | |
| 98-hr-5940 | 98 | hr | 5940 | A bill to increase in 4 steps the maximum annual dollar amount limitation on deductions allowed under the Internal Revenue Code of 1954 for contributions to an individual retirement account of a spouse, to repeal the requirement that deductions for such contributions shall be allowed only if such spouse had no compensation for the taxable year, and to such provide that the amount of the limitation on the deduction allowed for such contributions shall be computed on the basis of the combined compensation of a husband and wife. | Taxation | 1984-06-27 | 1984-06-27 | Referred to House Committee on Ways and Means. | House | Rep. Daub, Hal [R-NE-2] | NE | R | D000065 | 17 | Amends the Internal Revenue Code to: (1) increase in four steps the maximum annual dollar amount limitation on deductions for contributions to an individual retirement account of a spouse; (2) repeal the requirement that deductions for such contributions shall be allowed only if such spouse had no compensation for the taxable year; and (3) provide that the limitation on the deduction allowed for such contributions shall be computed on the basis of the combined compensation of a husband and wife. | 2024-02-07T16:32:33Z | |
| 98-hr-5933 | 98 | hr | 5933 | A bill to amend the Internal Revenue Code of 1954 to clarify the definition of geothermal energy, and for other purposes. | Taxation | 1984-06-26 | 1984-06-26 | Referred to House Committee on Ways and Means. | House | Rep. Seiberling, John F. [D-OH-14] | OH | D | S000230 | 1 | Amends the Internal Revenue Code to define "geothermal energy" as the natural heat of the Earth at any temperature. (Present regulations require that such heat must exceed a specified temperature.) Qualifies for the residential energy tax credit and the investment tax credit for energy property an energy system which uses both geothermal energy and another energy source not eligible for such credits if geothermal energy provides more than 80 percent of the energy for such system. Qualifies for the investment tax credit for energy property an energy system which uses both geothermal energy and another energy source eligible for such credit (such as biomass, solar, wind, ocean thermal, or hydroelectric) if the combination of such energy sources provides more than 80 percent of the energy for such system. Provides that in the case of a taxpayer who claimed a geothermal credit on a return for any taxable year beginning before January 1, 1984, in reliance on the advice of an employee of the Internal Revenue Service that such credit would be allowable, the amendments made by this section shall apply for purposes of determining whether such credit is allowable. | 2024-02-07T16:32:33Z | |
| 98-hr-5934 | 98 | hr | 5934 | A bill to revise the basis for issuing notices of deficiency and determining the judicial review of "oil item" issues under the Crude Oil Windfall Profit Tax Act of 1980. | Taxation | 1984-06-26 | 1984-06-26 | Referred to House Committee on Ways and Means. | House | Rep. Stark, Fortney Pete [D-CA-9] | CA | D | S000810 | 0 | Amends the Internal Revenue Code to provide that the issuance of notices of tax due with respect to a single oil-producing property in any given year does not preclude the issuance of a notice of deficiency with respect to other oil-producing properties of the same taxpayer. Provides that an "oil item" issue under the Crude Oil Windfall Profit Tax Act of 1980 shall be treated as a "partnership item" for purposes of applying the judicial review procedures. | 2024-02-07T16:32:33Z | |
| 98-s-2791 | 98 | s | 2791 | Organ Transplant Contributions Act of 1984 | Taxation | 1984-06-26 | 1984-07-10 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Bumpers, Dale [D-AR] | AR | D | B001057 | 2 | Organ Transplant Contributions Act of 1984 - Amends the Internal Revenue Code to allow taxpayers to designate on their income tax returns a contribution of any portion of their income tax refund or any cash contribution voluntarily forwarded with their returns to support the National Organ Transplant Trust Fund. Establishes within the Treasury the National Organ Transplant Trust Fund. Appropriates to such trust fund an amount equal to the amount designated on tax returns for the fund. Directs the Secretary of Health and Human Services to promulgate regulations which will establish an organ transplantation program. Directs the Secretary to authorize payments from the trust fund on behalf of eligible individuals to pay costs of organ transplantation procedures, both preoperatively and postoperatively. Defines "eligible individual" as an individual who, as determined by the Secretary, has a life-threatening medical condition for which a transplant procedure is reasonably medically necessary and who has no source of payment for an organ transplantation procedure. | 2025-08-29T17:40:33Z | |
| 98-hr-5907 | 98 | hr | 5907 | A bill to allow the State of Wisconsin to use the proceeds of veterans' mortgage bonds for the purpose of acquiring or replacing mortgages of veterans who were unable to obtain veterans' bond financing because of a court challenge to the constitutionality of such State's borrowing power. | Taxation | 1984-06-21 | 1984-06-21 | Referred to House Committee on Ways and Means. | House | Rep. Aspin, Les [D-WI-1] | WI | D | A000224 | 7 | Allows the State of Wisconsin to use the proceeds of tax-exempt veterans' mortgage bonds for the purpose of acquiring or replacing mortgages of veterans who were unable to obtain veterans' bond financing because of a court challenge to the constitutionality of such State's borrowing power. | 2024-02-07T16:32:33Z | |
| 98-hres-530 | 98 | hres | 530 | A resolution urging continuation of tax deductibility of residential mortgage interest payments. | Taxation | 1984-06-20 | 1984-06-20 | Referred to House Committee on Ways and Means. | House | Rep. Vandergriff, Tommy J. [D-TX-26] | TX | D | V000026 | 0 | Expresses the sense of the House of Representatives that the administration should honor the basic Federal obligation to promote affordable and decent housing by retaining the current home mortgage interest deduction as an essential component of an equitable tax system intended to promote national living standards. | 2024-02-07T16:32:33Z | |
| 98-hr-5894 | 98 | hr | 5894 | A bill to extend the period allowed for rollover of gain on the sale of principal residence under section 1034 of the Internal Revenue Code of 1954 in the case of members of the Armed Forces who are stationed outside the United States or are required to reside in Government quarters. | Taxation | 1984-06-19 | 1984-06-27 | See H.R.4170. | House | Rep. Young, C. W. Bill [R-FL-8] | FL | R | Y000031 | 0 | Amends the Internal Revenue Code to provide that the suspension of the two year period in which an individual must purchase a new residence for nonrecognition of gain on the sale of an old residence which is granted to members of the armed forces who are stationed overseas or who are required to reside in Government-owned quarters shall be extended to the later of four years after the date of the sale of the old residence (as currently provided) or one year after the date on which the taxpayer is no longer stationed overseas or required to reside in Government-owned quarters. | 2024-02-07T16:32:33Z | |
| 98-hr-5879 | 98 | hr | 5879 | A bill for the relief of the Harrison School Project in Roanoke, Virginia. | Taxation | 1984-06-15 | 1984-06-15 | Referred to House Committee on Ways and Means. | House | Rep. Olin, James R. [D-VA-6] | VA | D | O000069 | 0 | Provides that obligations issued by the Virginia Housing Development Authority on June 30, 1982, to provide financing for the Harrison School Project of Roanoke, Virginia, shall be treated as tax-exempt industrial development bonds if 75 percent or more of the proceeds of such issue are used to provide residential rental property for low-or moderate-income individuals. | 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);