legislation
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945 rows where congress = 99 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 99-s-2954 | 99 | s | 2954 | A bill to amend the Tax Reform Act of 1986 by repealing a certain transition rule. | Taxation | 1986-10-18 | 1986-10-18 | Read twice and referred to the Committee on Finance. | Senate | Sen. Bumpers, Dale [D-AR] | AR | D | B001057 | 2 | Amends the Tax Reform Act of 1986 to repeal certain transitional rules allowing the investment tax credit to remain in effect for the purchase of certain aircraft manufactured in Kansas, Florida, Georgia, or Texas. | 2025-01-03T20:55:56Z | |
| 99-hr-5704 | 99 | hr | 5704 | A bill to repeal section 134 of the Tax Reform Act of 1986, eliminating the deduction for State and local sales taxes. | Taxation | 1986-10-15 | 1986-10-15 | Referred to House Committee on Ways and Means. | House | Rep. Duncan, John J. [R-TN-2] | TN | R | D000534 | 0 | Repeals specified provisions of the Tax Reform Act of 1986 which eliminate the income tax deduction for State and local sales taxes. Provides that the Internal Revenue Code of 1986 shall be applied and administered as if such provisions had not been enacted. | 2024-02-07T16:32:33Z | |
| 99-s-2923 | 99 | s | 2923 | A bill to allow the Internal Revenue Code of 1986 to be applied and administered as if the 3-year basis recovery rule applicable to employees' annuities had not been repealed. | Taxation | 1986-10-14 | 1986-10-14 | Read twice and referred to the Committee on Finance. | Senate | Sen. Inouye, Daniel K. [D-HI] | HI | D | I000025 | 0 | Provides that the Tax Reform Act of 1986 shall be applied and administered as if the three-year basis recovery rule applicable to employees' annuities had not been repealed. | 2025-01-03T20:55:56Z | |
| 99-s-2924 | 99 | s | 2924 | A bill to amend the Internal Revenue Code of 1986 to allow a charitable contribution deduction for certain amounts paid to or for the benefits of an institution of higher education. | Taxation | 1986-10-14 | 1986-10-14 | Read twice and referred to the Committee on Finance. | Senate | Sen. Gramm, Phil [R-TX] | TX | R | G000365 | 3 | Amends the Internal Revenue Code to allow a charitable contribution income tax deduction for amounts paid to or for the benefit of an institution of higher education in cases where the taxpayer receives the right to seating or the right to purchase seating for athletic events at such institution. | 2025-01-03T20:55:56Z | |
| 99-hr-5693 | 99 | hr | 5693 | A bill to amend the Internal Revenue Code of 1954 to restore prior law for purposes of claiming a dependency exemption where, under a pre-1985 instrument, the noncustodial parent provides $1,200 or more for the support of a child. | Taxation | 1986-10-10 | 1986-10-10 | Referred to House Committee on Ways and Means. | House | Rep. Duncan, John J. [R-TN-2] | TN | R | D000534 | 0 | Amends the Internal Revenue Code to allow a noncustodial parent to claim a dependency exemption for a child in cases where: (1) the noncustodial parent provides $1,200 or more annually for the support of the child; (2) the custodial parent does not clearly establish that he or she provided more than such amount annually for the support of the child; and (3) the decree of divorce, or separate maintenance or written agreement was executed before January 1, 1985, and has not been modified since such date. | 2024-02-07T16:32:33Z | |
| 99-hr-5694 | 99 | hr | 5694 | A bill to amend the Internal Revenue Code of 1986 to allow a charitable contribution deduction for certain amounts paid to or for the benefit of an institution of higher education. | Taxation | 1986-10-10 | 1986-10-10 | Referred to House Committee on Ways and Means. | House | Rep. Pickle, J. J. [D-TX-10] | TX | D | P000328 | 6 | Amends the Internal Revenue Code to allow a charitable contribution income tax deduction for amounts paid to or for the benefit of an institution of higher education in cases where the taxpayer receives the right to seating or the right to purchase seating for athletic events at such institution. | 2024-02-07T16:32:33Z | |
| 99-s-2919 | 99 | s | 2919 | A bill to amend the Tax Reform Act of 1986 by repealing the treatment of certain amounts to or for the benefit of certain institutions of higher education. | Taxation | 1986-10-10 | 1986-10-10 | Read twice and referred to the Committee on Finance. | Senate | Sen. Zorinsky, Edward [D-NE] | NE | D | Z000013 | 1 | Amends the Tax Reform Act of 1986 to repeal provisions allowing a charitable contribution income tax deduction for amounts paid to or for the benefit of specified institutions of higher education in cases where the taxpayer receives the right to seating or the right to purchase seating for athletic events at those institutions. | 2025-01-03T20:55:56Z | |
| 99-s-2922 | 99 | s | 2922 | A bill to amend the Tax Reform Act of 1986 to remove the retroactive effect of the repeal of the 3-year recovery of basis rule in pension plans. | Taxation | 1986-10-10 | 1986-10-10 | Read twice and referred to the Committee on Finance. | Senate | Sen. Matsunaga, Spark M. [D-HI] | HI | D | M000250 | 1 | Amends the Tax Reform Act of 1986 to extend the effective date of the repeal of the three-year recovery of basis rule in pension plans. Extends such effective date from July 1, 1986, to January 1, 1987. | 2025-01-03T20:55:56Z | |
| 99-hr-5679 | 99 | hr | 5679 | A bill to extend the exclusion from Federal unemployment tax of wages paid to certain alien farmworkers. | Taxation | 1986-10-09 | 1986-10-31 | Became Public Law No: 99-595. | House | Rep. Rostenkowski, Dan [D-IL-8] | IL | D | R000458 | 0 | Extends for five years, from 1988 to 1993, the exclusion from the Federal unemployment tax of wages paid to aliens admitted to the United States to perform agricultural labor. | 2025-01-03T20:55:56Z | |
| 99-s-2916 | 99 | s | 2916 | A bill to amend the Internal Revenue Code of 1986 to retain a capital gains tax differential, and for other purposes. | Taxation | 1986-10-09 | 1986-10-09 | Read twice and referred to the Committee on Finance. | Senate | Sen. Boschwitz, Rudy [R-MN] | MN | R | B000647 | 1 | Amends the Tax Reform Act of 1986 to repeal provisions relating to the taxation of capital gains. Provides that the Internal Revenue Code shall be applied and administered as if such provisions had not been enacted. Amends the Internal Revenue Code to revise the method of calculating the deduction for capital gains. Allows a capital gains deduction of 60 percent for assets held three years or more, and 40 percent for assets held for more than one but less than three years. | 2025-01-03T20:55:56Z | |
| 99-s-2913 | 99 | s | 2913 | Interstate Sales and Use Taxation Act of 1986 | Taxation | 1986-10-08 | 1986-10-08 | Read twice and referred to the Committee on Finance. | Senate | Sen. Long, Russell B. [D-LA] | LA | D | L000428 | 0 | Interstate Sales and Use Taxation Act of 1986 - Allows States to require certain out-of-state persons to collect and remit to the State any State or local taxes with respect to the interstate sale of: (1) any tangible personal property which is to be delivered within the State; or (2) any services to be performed in the State. Requires that such taxes must be: (1) collected and administered throughout the State; (2) uniform as to rate and base throughout the State; and (3) published for any calendar year by September 30 of the preceding year. Allows States to impose such requirement on any person who: (1) engages in regular or systematic solicitation of a consumer market within such State; and (2) has either more than $100,000 annual gross sales or $25,000 annual taxable sales with respect to the State. Sets forth administrative requirements for the collection and remittance of such sales. Sets forth procedures for the expedited judicial review of the constitutionality of this Act. | 2025-08-29T16:30:05Z | |
| 99-hr-5656 | 99 | hr | 5656 | Hunger Emergency Assistance and Relief Trust Act of 1986 | Taxation | 1986-10-07 | 1986-10-07 | Referred to House Committee on Ways and Means. | House | Rep. Carr, Bob [D-MI-6] | MI | D | C000178 | 0 | Hunger Emergency Assistance and Relief Trust Act of 1986 - Amends the Internal Revenue Code to allow individuals to direct that all or part of their income tax refunds be contributed to the Hunger Emergency Assistance and Relief Trust. Establishes within the Treasury such Hunger Emergency Assistance and Relief Trust (trust fund). Appropriates to the trust fund revenues equivalent to those designated by individual taxpayers. Sets forth standards and procedures for the distribution of trust fund amounts to qualified hunger relief services organizations. Limits the amount such organizations can pay for administrative expenses to ten percent of amounts received from the trust fund. Prohibits organizations receiving funds from: (1) failing to match payments; (2) failing to properly use payments; (3) incurring excessive administrative expenses; and (4) not complying with certain Hunger Commission requests. Authorizes the Hunger Commission to inform State attorneys general of possible State law violations by organizations. Establishes a Hunger Commission to administer the distribution of funds to qualified hunger relief services organizations. Sets forth standards and procedures for the administration of such Commission. | 2025-08-29T16:33:38Z | |
| 99-hr-5637 | 99 | hr | 5637 | A bill to amend the Internal Revenue Code of 1986 to provide for the taxation of capital gains at a rate of 10 percent. | Taxation | 1986-10-02 | 1986-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Crane, Philip M. [R-IL-12] | IL | R | C000873 | 0 | Amends the Internal Revenue Code to reduce the alternative minimum tax on capital gains realized by a corporation from 34 percent to ten percent of net capital gains. Provides for cost-of-living adjustments to such rate. Eliminates the holding period requirement for capital assets. | 2024-02-07T16:32:33Z | |
| 99-hr-5639 | 99 | hr | 5639 | A bill to amend the Internal Revenue Code of 1986 to allow a deduction for state and local sales tax. | Taxation | 1986-10-02 | 1986-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Dicks, Norman D. [D-WA-6] | WA | D | D000327 | 6 | Amends the Internal Revenue Code to allow an income tax deduction for State and local general sales taxes. Defines a "general sales tax" as a tax imposed at one rate in respect of the sale at retail of a broad range of classes of items. Treats a compensating use tax as a general sales tax. | 2024-02-07T16:32:33Z | |
| 99-hres-573 | 99 | hres | 573 | A resolution affirming the intent of the 99th Congress to oppose any increase in individual or corporate tax rates, or the reduction or elimination of deductions and credits without corresponding tax rate reductions, and calling on the 100th Congress to adopt such policy. | Taxation | 1986-10-02 | 1986-10-02 | Referred to House Committee on Ways and Means. | House | Rep. Walker, Robert S. [R-PA-16] | PA | R | W000068 | 135 | Affirms the intent of the Ninety-ninth Congress to oppose any increase in individual or corporate tax rates, or the reduction or elimination of deductions and credits without corresponding tax rate reductions. Calls upon the One hundredth Congress to adopt such a policy. | 2024-02-07T16:32:33Z | |
| 99-s-2901 | 99 | s | 2901 | A bill to provide special rules for purposes of the Internal Revenue Code of 1954 for the accrual of, and carryback of losses from, deductions for asbestos product liabilities in order to protect asbestos workers, and for other purposes. | Taxation | 1986-10-01 | 1986-10-01 | Read twice and referred to the Committee on Finance. | Senate | Sen. Hecht, Chic [R-NV] | NV | R | H000439 | 0 | Allows a taxpayer using the accrual method of accounting to elect to: (1) accrue income tax deductions arising out of any qualified asbestos product liability for each taxable year ending after November 30, 1985, in which such liability is included for purposes of ascertaining income, profit, and loss; and (2) carryback net operating losses arising from such deductions to each of the ten taxable years preceding the loss year. Defines "qualified asbestos product liability" as any estimated uninsured liability which arises out of: (1) injury or death to any individual caused by the inhalation or ingestion of dust from any asbestos product which was manufactured by the taxpayer for use in the construction or repair of ships for the United States Navy or other agencies where such products met the specifications of the Federal Government; or (2) the removal or encapsulation of any asbestos-containing product which was manufactured by the taxpayer and installed in a building or other structure. Requires any taxpayer who makes such an election to establish an asbestos liability trust. Sets forth standards and procedures for the creation and administration of such a trust. Requires the taxpayer to transfer to such a trust an amount equal to the net reduction in tax of the taxpayer for any taxable year in which there is an asbestos product liability loss. Requires that any amounts in such a trust shall be used only to satisfy qualified asbestos products liabilities of the taxpayer establishing such a trust. | 2025-01-03T20:55:56Z | |
| 99-hr-5620 | 99 | hr | 5620 | A bill to repeal the provision of the Tax Reform Act of 1986 which eliminates the deduction for State and local sales taxes. | Taxation | 1986-09-30 | 1986-09-30 | Referred to House Committee on Ways and Means. | House | Rep. Kennelly, Barbara B. [D-CT-1] | CT | D | K000118 | 3 | Repeals specified provisions of the Tax Reform Act of 1986 which eliminate the income tax deduction for State and local sales taxes. Provides that the Internal Revenue Code of 1986 shall be applied and administered as if such provisions had not been enacted. | 2024-02-07T16:32:33Z | |
| 99-hr-5609 | 99 | hr | 5609 | A bill to amend the Internal Revenue Code of 1986 to restore the medical expense deduction limitation to 5 percent of adjusted gross income. | Taxation | 1986-09-29 | 1986-09-29 | Referred to House Committee on Ways and Means. | House | Rep. Bilirakis, Michael [R-FL-9] | FL | R | B000463 | 0 | Amends the Internal Revenue Code to reduce the limitation of the medical expense income tax deduction from 7.5 percent of adjusted gross income to five percent of adjusted gross income. | 2024-02-07T16:32:33Z | |
| 99-hr-5612 | 99 | hr | 5612 | A bill to amend the Internal Revenue Code of 1986 with respect to the disclosure of returns and return information in the case of cities with a population of more than 250,000 but not more than 2,000,000. | Taxation | 1986-09-29 | 1986-09-29 | Referred to House Committee on Ways and Means. | House | Rep. Kaptur, Marcy [D-OH-9] | OH | D | K000009 | 0 | Amends the Internal Revenue Code to allow the disclosure of income tax returns and return information to officials of municipalities with a population of more than 250,000. (Present law allows such disclosure only to municipalities with a population in excess of 2,000,000.) | 2024-02-07T16:32:33Z | |
| 99-s-2886 | 99 | s | 2886 | A bill to amend the Internal Revenue Code of 1954 to impose a fee on the importation of crude oil or refined petroleum products. | Taxation | 1986-09-27 | 1986-09-27 | Read twice and referred to the Committee on Finance. | Senate | Sen. Nickles, Don [R-OK] | OK | R | N000102 | 1 | Amends the Internal Revenue Code to impose an import fee on: (1) the first sale within the United States of any crude oil or any refined petroleum product imported into the United States; and (2) the use within the United States of any crude oil or any refined petroleum product imported into the United States if no such tax has been imposed prior to such use. Exempts from such tax crude oil or refined petroleum products purchased for export. Sets the rate of such tax for crude oil as the difference between $20 per barrel and the average world price of crude oil per barrel. Sets the rate of such tax for refined petroleum products as $3 plus the crude oil tax. | 2025-01-03T20:55:56Z | |
| 99-hr-5604 | 99 | hr | 5604 | A bill to allow the Internal Revenue Code of 1986 to be applied and administered as if the 3-year basis recovery rule applicable to employees' annuities had not been repealed. | Taxation | 1986-09-26 | 1986-09-26 | Referred to House Committee on Ways and Means. | House | Rep. Bateman, Herbert H. [R-VA-1] | VA | R | B000229 | 18 | Provides that the Tax Reform Act of 1986 shall be applied and administered as if the three-year basis recovery rule applicable to employees' annuities had not been repealed. | 2024-02-07T16:32:33Z | |
| 99-hr-5599 | 99 | hr | 5599 | A bill to allow the Internal Revenue Code of 1986 to be applied and administered as if the 3-year basis recovery rule applicable to employees' annuities had not been repealed. | Taxation | 1986-09-25 | 1986-09-25 | Referred to House Committee on Ways and Means. | House | Rep. Mrazek, Robert J. [D-NY-3] | NY | D | M001057 | 28 | Provides that the Tax Reform Act of 1986 shall be applied and administered as if the three-year basis recovery rule applicable to employees' annuities had not been repealed. | 2024-02-07T16:32:33Z | |
| 99-hr-5500 | 99 | hr | 5500 | A bill to allow the Tax Reform Act of 1986 to be applied and administered as if the 3-year basis recovery rule applicable to employees' annuities had not been repealed. | Taxation | 1986-09-11 | 1986-09-11 | Referred to House Committee on Ways and Means. | House | Rep. Russo, Martin A. [D-IL-3] | IL | D | R000543 | 19 | Provides that the Tax Reform Act of 1986 shall be applied and administered as if the three-year basis recovery rule applicable to employees' annuities had not been repealed. | 2024-02-07T16:32:33Z | |
| 99-s-2779 | 99 | s | 2779 | Energy Security Act of 1986 | Taxation | 1986-08-15 | 1986-08-15 | Read twice and referred to the Committee on Finance. | Senate | Sen. Domenici, Pete V. [R-NM] | NM | R | D000407 | 12 | Energy Security Act of 1986 - Amends the Internal Revenue Code to impose an import fee on: (1) the first sale within the United States of any crude oil or any refined petroleum product imported into the United States; and (2) the use within the United States of any crude oil or any refined petroleum product imported into the United States if no such tax has been imposed prior to such use. Exempts from such tax crude oil or refined petroleum products purchased for export. Sets the rate of such tax as the difference between $18 per barrel and the average world price of crude oil per barrel. | 2025-08-29T16:33:17Z | |
| 99-hr-5437 | 99 | hr | 5437 | Hostile Areas Exploration Incentive Act of 1986 | Taxation | 1986-08-14 | 1986-08-14 | Referred to House Committee on Ways and Means. | House | Rep. Young, Don [R-AK-At Large] | AK | R | Y000033 | 9 | Hostile Areas Exploration Incentive Act of 1986 - Amends the Internal Revenue Code to allow an income tax credit for costs incurred for exploring for oil or gas in the domestic frontier and arctic areas. Defines a "domestic frontier area" as any area on the outer continental shelf where the water depth is 600 feet or greater. Defines an "arctic area" as any area located north of the 49th parallel. Sets the rate of such credit at 15 percent of the exploration and drilling costs incurred in such areas. Reduces such percentage for exploration and drilling in water depths between 600 and 1,199 feet. Limits the amount of such credit based on the average price of domestic crude oil. Provides for inflation adjustments to such limitation. Allows an income tax credit for oil and gas produced in either domestic frontier or arctic areas. Sets the rate of such credit at $5 per barrel-of-oil equivalent. Reduces such rate for exploration and drilling in water depths between 600 and 1,199 feet. Limits the amount of such credit based on the average price of domestic crude oil. Provides for inflation adjustments to such limitation. Allows a three year carryback and 15-year carryover of any unused oil and gas exploration and production income tax credits. | 2025-08-29T16:33:35Z | |
| 99-hr-5416 | 99 | hr | 5416 | A bill to amend the Internal Revenue Code of 1954 to allow a charitable contribution deduction to farmers who donate agricultural products to assist victims of natural disasters. | Taxation | 1986-08-13 | 1986-08-13 | Referred to House Committee on Ways and Means. | House | Rep. McEwen, Bob [R-OH-6] | OH | R | M000432 | 0 | Amends the Internal Revenue Code to allow a charitable contribution deduction to farmers who donate agricultural products to assist victims of a drought, flood, or other natural disaster. Provides that the amount of the deduction shall equal the wholesale market value of such agricultural product. | 2024-02-07T16:32:33Z | |
| 99-hr-5419 | 99 | hr | 5419 | A bill to amend the Internal Revenue Code of 1954 to provide a partial exclusion from gross income of certain retirement benefits received by taxpayers who have attained age 65. | Taxation | 1986-08-13 | 1986-08-13 | Referred to House Committee on Ways and Means. | House | Rep. Saxton, Jim [R-NJ-13] | NJ | R | S000097 | 0 | Amends the Internal Revenue Code to exclude from gross income of individuals age 65 or over amounts received as annuities, pensions, or other retirement benefits. Limits the amount of such exclusion to $10,000 reduced by the amount of benefits received under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act or the Railroad Retirement Act of 1974. | 2024-02-07T16:32:33Z | |
| 99-s-2746 | 99 | s | 2746 | Child Support Tax Act | Taxation | 1986-08-13 | 1986-08-13 | Read twice and referred to the Committee on Finance. | Senate | Sen. Wallop, Malcolm [R-WY] | WY | R | W000092 | 0 | Child Support Tax Act - Amends the Internal Revenue Code to impose a child support tax on liable absent parents of minor children. Sets the rate of such tax for a parent of one child at 20 percent of the lesser of: (1) such parent's adjusted gross income; or (2) the amount of the contribution and benefit base as determined by title II (Old Age, Survivors and Disability Insurance). Sets the rate of such tax at 30 percent of the lesser of such amounts for the parent of two children and at 40 percent for the parent of three or more children. Requires that such tax be withheld in the same manner as the Federal income tax. Allows up to one percent of such withholding to be applied to the employer's administrative expenses. Amends part D (Child Support and Establishment of Paternity) of title IV of the Social Security Act to provide Federal child support benefits to eligible children of liable absent parents. Sets forth the rate of such benefits for calendar year 1987. Provides for annual increases in such benefits beginning in calendar year 1988. Bases such increase on the percentage increase (if any) in the average of the total wages reported for the preceding calendar year. Limits the maximum benefit paid to any eligible children to the amount of the tax collected from the liable absent parent. Defines "eligible child" as an individual: (1) who is under the age of 18; (2) who is living in the home of a relative or was removed from such home pursuant to a voluntary placement agreement or a judicial determination; (3) one or both of whose parents is a liable absent parent; and (4) on whose behalf child support benefits have been applied for. Defines "liable absent parent" as an individual: (1) who is absent from the home on other than a temporary basis; (2) who has a legal obligation under State law to furnish child support; and (3) whose whereabouts have been established by the State, the Internal Revenue Service, or the Federal Parent Locator Service. Sets forth administrative procedures for the determina… | 2025-08-29T16:30:08Z | |
| 99-s-2753 | 99 | s | 2753 | A bill to provide for computing the amount of the deductions allowed to rural mail carriers for use of their automobiles. | Taxation | 1986-08-13 | 1986-08-13 | Read twice and referred to the Committee on Finance. | Senate | Sen. Grassley, Chuck [R-IA] | IA | R | G000386 | 2 | Allows rural letter carriers who use their own automobiles in performing services involving the collection and delivery of mail on a rural route to compute the amount of the income tax deduction for the use of such an automobile by using a standard mileage rate equal to 150 percent of the basic standard rate. Exempts such letter carriers from the 50 percent business use requirement for depreciation and the investment tax credit if the standard mileage rate is not used. Applies such rules to taxable years beginning after 1984. | 2025-01-03T20:55:56Z | |
| 99-hr-5373 | 99 | hr | 5373 | Non-Discrimination in Advertising Act of 1986 | Taxation | 1986-08-08 | 1986-08-13 | Referred to Subcommittee on Civil and Constitutional Rights. | House | Rep. Collins, Cardiss [D-IL-7] | IL | D | C000634 | 5 | Non-Discrimination in Advertising Act of 1986 - Amends the Internal Revenue Code to disallow an income tax deduction for the expenses of advertising to persons who discriminate against minority owned or formatted communications entities in the purchase or placement of advertisements. Establishes a private civil action for any person aggrieved by anyone purchasing or placing any advertisement in a manner which discriminates against any communications entity by reason of race, color, or ethnic background. | 2025-08-29T16:31:24Z | |
| 99-hr-5361 | 99 | hr | 5361 | Truth in Solicitation and Receipt of Charitable Contributions Act of 1986 | Taxation | 1986-08-07 | 1986-08-15 | Executive Comment Requested from OMB, US Postal Service. | House | Rep. Stark, Fortney Pete [D-CA-9] | CA | D | S000810 | 4 | Truth in Solicitation and Receipt of Charitable Contributions Act of 1986 - Amends the Internal Revenue Code to impose a penalty tax on the undistributed revenue of a public soliciting charity which is not distributed within one year. Sets the amount of such tax at 15 percent of the amount of such revenue remaining undistributed. Provides that any remaining funds still undistributed after a 90-day correction period shall be taxed at a rate of 100 percent of the amount remaining undistributed. Allows an exemption from such tax for organizations in existence for not more than three years. Imposes criminal penalties for the willful failure to cause such charitable organizations to distribute sufficient revenue. Sets the penalty for such an offense at a fine of not more than $5,000, imprisonment for not more than one year, or both. Requires anyone who solicits a charitable contribution by mail to include with such a solicitation information pertaining to: (1) the name and principal business address of the person making the solicitation; (2) the purpose of the solicitation and the intended use of the contribution solicited; (3) the estimated portion of all contributions which will be used for the charitable purpose during the 12-month period following the solicitation; and (4) the portion of all contributions which was used for such charitable purpose during the four complete calendar quarters immediately preceding the solicitation. | 2025-08-29T16:29:35Z | |
| 99-hr-5318 | 99 | hr | 5318 | A bill to amend the Internal Revenue Code of 1954 to repeal the windfall profit tax. | Taxation | 1986-08-01 | 1986-08-01 | Referred to House Committee on Ways and Means. | House | Rep. Archer, Bill [R-TX-7] | TX | R | A000215 | 34 | Amends the Internal Revenue Code to repeal the windfall profit tax on domestic crude oil. | 2024-02-07T16:32:33Z | |
| 99-hr-5325 | 99 | hr | 5325 | A bill to amend the Internal Revenue Code of 1954 to provide that the excise taxes providing revenues for the Airport and Airway Trust Fund shall not apply if the unobligated balance in such Fund exceeds $1,000,000,000. | Taxation | 1986-08-01 | 1986-08-01 | Referred to House Committee on Ways and Means. | House | Rep. Glickman, Dan [D-KS-4] | KS | D | G000240 | 2 | Amends the Internal Revenue Code to suspend during a specified period of time the excise taxes on: (1) aviation fuel; (2) aircraft tires; (3) gasoline used in aircraft; and (4) air transportation. Provides that such taxes shall be suspended during a time when the unobligated balance in the Airport and Airway Trust fund exceeds $1,000,000,000. | 2024-02-07T16:32:33Z | |
| 99-hr-5327 | 99 | hr | 5327 | A bill to allow certain steel companies to elect a 15-year carryback of 50 percent of investment tax credit carryforwards in existence as of the beginning of their 1st taxable year beginning after December 31, 1985. | Taxation | 1986-08-01 | 1986-08-01 | Referred to House Committee on Ways and Means. | House | Rep. Oakar, Mary Rose [D-OH-20] | OH | D | O000001 | 56 | Amends the Internal Revenue Code to allow certain steel companies to elect a 15-year carryback of 50 percent of investment tax credit carryforwards in existence as of the beginning of their first taxable year beginning after December 31, 1985. Requires any steel company receiving a refund due to such carryback to use such a refund either: (1) to purchase an insurance policy to provide employee life and health insurance coverage for one year after the beginning of bankruptcy proceedings; or (2) directly in connection with the trade or business of the corporation in the manufacture or production of steel. | 2024-02-07T16:32:33Z | |
| 99-hr-5301 | 99 | hr | 5301 | A bill to provide tax deductions to those who provide contributions of agricultural property for victims of natural disasters. | Taxation | 1986-07-31 | 1986-07-31 | Referred to House Committee on Ways and Means. | House | Rep. Campbell, Carroll A., Jr. [R-SC-4] | SC | R | C000079 | 30 | Amends the Internal Revenue Code to allow a charitable contribution deduction to farmers who donate agricultural products to assist victims of a drought, flood, or other natural disaster. Provides that the amount of the deduction shall equal the wholesale market value of such agricultural product. | 2024-02-07T16:32:33Z | |
| 99-hr-5286 | 99 | hr | 5286 | A bill entitled: "Public Pension Parity Act of 1986". | Taxation | 1986-07-29 | 1986-07-29 | Referred to House Committee on Ways and Means. | House | Rep. Vento, Bruce F. [D-MN-4] | MN | D | V000087 | 0 | Amends the Internal Revenue Code to exclude from gross income amounts received under a Government pension that are not attributable to services covered under the social security system. Limits such exclusion to the maximum individual social security benefit, one and one-half times such amount for joint returns, or three-fourths of such amount for married individuals filing separately. | 2024-02-07T16:32:33Z | |
| 99-sjres-380 | 99 | sjres | 380 | A joint resolution directing the Conferees on the Act entitled the "Tax Reform Act of 1986" (H.R. 3838) to require that any amount refunded under section 212 of the Tax Reform Act of 1986 to steel companies filing bankruptcy petitions in 1986 or thereafter be dedicated for the continuation of company-paid health insurance costs for employees, and retired employees. | Taxation | 1986-07-28 | 1986-08-04 | Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 770. | Senate | Sen. Durenberger, Dave [R-MN] | MN | R | D000566 | 0 | Expresses the sense of the Congress that the conferees on the bill entitled the "Tax Reform Act of 1986" (H.R. 3838) should require that any amount refunded under such Act to steel companies filing bankruptcy petitions in 1986 or thereafter be dedicated for the continuation of company-paid health insurance costs for employees and retired employees. | 2021-06-30T19:57:37Z | |
| 99-hr-5243 | 99 | hr | 5243 | A bill to amend the Internal Revenue Code of 1954 to require that requests to waive the minimum funding standards for certain pension plans by reason of substantial business hardship be accompanied by a list of the plan participants, and to direct the Secretary of the Treasury to make public any request for such a waiver and provide for a 60-day comment period at the close of which a public hearing shall be held at which interested parties may testify about such request. | Taxation | 1986-07-24 | 1986-07-24 | Referred to House Committee on Ways and Means. | House | Rep. Donnelly, Brian J. [D-MA-11] | MA | D | D000416 | 0 | Amends the Internal Revenue Code to: (1) require that requests to waive the minimum funding standards for certain pension plans by reason of substantial business hardship be accompanied by a list of the plan participants; and (2) direct the Secretary of the Treasury to make public any request for such a waiver and to provide for a 60-day comment period at the close of which a public hearing shall be held at which interested parties may testify about such request. | 2024-02-07T16:32:33Z | |
| 99-hr-5255 | 99 | hr | 5255 | Long-Term Care Insurance for the Elderly Act of 1986 | Taxation | 1986-07-24 | 1986-07-31 | Referred to Subcommittee on Health and the Environment. | House | Rep. Rowland, J. Roy [D-GA-8] | GA | D | R000481 | 9 | Long-Term Care Insurance for the Elderly Act of 1986 - Amends the Internal Revenue Code to allow tax-free distributions from an individual retirement account or an individual retirement annuity for the purchase of long-term care insurance coverage for the individual within 90 days after the individual receives the payment or distribution and the individual has attained the age of 59 and one-half. Requires the Secretary of Health and Human Services to submit to the Congress a report which contains a proposal for the regulation of long-term care insurance policies, including an analysis and evaluation of such policies available to individuals. | 2025-08-29T16:29:26Z | |
| 99-s-2680 | 99 | s | 2680 | A bill to amend the Internal Revenue Code of 1954 to allow a charitable contribution deduction to farmers who donate agricultural products to assist victims of natural disasters. | Taxation | 1986-07-23 | 1986-07-23 | Read twice and referred to the Committee on Finance. | Senate | Sen. Thurmond, Strom [R-SC] | SC | R | T000254 | 28 | Amends the Internal Revenue Code to allow a charitable contribution deduction to farmers who donate agricultural products to assist victims of a drought, flood, or other natural disaster. Provides that the amount of the deduction shall equal the wholesale market value of such agricultural product. | 2025-01-03T20:55:56Z | |
| 99-hr-5209 | 99 | hr | 5209 | A bill to amend the Internal Revenue Code of 1954 to allow employers a targeted jobs credit for employing certain older invididuals, and to extend by 3 years the termination date of the targeted jobs credit. | Taxation | 1986-07-21 | 1986-07-21 | Referred to House Committee on Ways and Means. | House | Rep. Conte, Silvio O. [R-MA-1] | MA | R | C000709 | 12 | Amends the Internal Revenue Code to include certain low-income individuals aged 55 or older as members of a targeted group for purposes of the targeted jobs credit. Extends the targeted jobs credit from 1985 to 1988. | 2024-02-07T16:32:33Z | |
| 99-hr-5189 | 99 | hr | 5189 | Rural Enterprise Zone Act of 1986 | Taxation | 1986-07-17 | 1986-08-01 | Referred to Subcommittee on Housing and Community Development. | House | Rep. Coleman, E. Thomas [R-MO-6] | MO | R | C000618 | 30 | Rural Enterprise Zone Act of 1986 - Title I: Designation of Rural Enterprise Zones - Amends the Internal Revenue Code to provide for the designation of enterprise zones by the Secretary of Housing and Urban Development. Specifies that States and local governments shall nominate areas for such designation. Limits to 45 the total number of areas which may be designated as enterprise zones. Limits the period during which such designations shall remain in effect to a maximum of 15 years. Specifies that the Secretary may designate such zones only if: (1) the area is within the jurisdiction of the nominating local government; (2) the boundary of the area is continuous; (3) the area has a population of at least 1,000 or is entirely 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, and providing job training to residents of the area. Terminates the authority of the Secretary to designate rural enterprise zones on January 1, 1987, or three years after the publication of regulations pertaining to such zones. Describes areas to which preference shall be given in deciding to designate enterprise zones. Requires the Secretary to report to the Congress every three years on the effects of such enterprise zones' designation in accomplishing the purposes of this Act. 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 government for Federal assistance or benefits. States that the designation of an enterprise zone shall not give displaced persons from such an area any rights or benefits under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970. Provides that the designation of a rural enterprise zone shall not constitute a… | 2025-08-29T16:32:14Z | |
| 99-hr-5191 | 99 | hr | 5191 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income certain expense reimbursement allowances received by State police officers. | Taxation | 1986-07-17 | 1986-07-17 | Referred to House Committee on Ways and Means. | House | Rep. Frenzel, Bill [R-MN-3] | MN | R | F000380 | 0 | Amends the Internal Revenue Code to exclude from gross income any expense reimbursement allowances received by a State police officer. Limits the amount of such exclusion to a maximum of six dollars per day. Defines "expense reimbursement allowance" to mean any statutory allowance (or allowance negotiated in accordance with State law) to reimburse a State police officer for specified expenses incurred in connection with the performance of his duties (including the cost of meals purchased while on duty). Prohibits the deduction for expenses for which the taxpayer has received such allowance. | 2024-02-07T16:32:33Z | |
| 99-hres-496 | 99 | hres | 496 | A resolution to express the sense of the House of Representatives with respect to the continued income tax deductibility of contributions to Individual Retirement Accounts. | Taxation | 1986-07-16 | 1986-07-16 | Referred to House Committee on Ways and Means. | House | Rep. Lloyd, Marilyn [D-TN-3] | TN | D | L000381 | 0 | Expresses the sense of the House of Representatives the deductibility of contributions to individual retirement accounts should be maintained for all citizens as part of any tax reform legislation. | 2024-02-07T16:32:33Z | |
| 99-hr-5168 | 99 | hr | 5168 | A bill to amend Section 132 of the Internal Revenue Code of 1954 to provide that de minimis fringe benefits furnished by an employer to an employee may include a share in the cost of meals furnished off the business premises of the employer. | Taxation | 1986-07-15 | 1986-07-15 | Referred to House Committee on Ways and Means. | House | Rep. Vander Jagt, Guy [R-MI-9] | MI | R | V000027 | 2 | Amends the Internal Revenue Code to provide that if an employer does not operate an on-premises eating facility, 50 percent of the employer's share of an off-premises meal furnished to an employee shall be treated as a de minimis fringe benefit (not includible in the employee's income) provided that: (1) the employer pays no more than one-third of the cost of the meal; (2) a maximum of one meal per working day is provided; (3) the meal is furnished during normal business hours; and (4) the employer's share is furnished in kind and not in cash. | 2024-02-07T16:32:33Z | |
| 99-hr-5156 | 99 | hr | 5156 | A bill to amend the Internal Revenue Code of 1954 to provide an additional exemption of $600 to taxpayers for the deafness of the taxpayer, the taxpayer's spouse, or any of the taxpayer's dependents. | Taxation | 1986-07-14 | 1986-07-14 | Referred to House Committee on Ways and Means. | House | Rep. Conte, Silvio O. [R-MA-1] | MA | R | C000709 | 13 | Amends the Internal Revenue Code to provide an additional exemption of $600 to taxpayers for the deafness of the taxpayer, the taxpayer's spouse, or any of the taxpayer's dependents. Provides an annual cost-of-living adjustment to the exemption amount. Provides that the determination of whether an individual who dies during the taxable year is deaf must be made as of the time of such death. Provides that an individual is deaf if the ability of the individual to hear is so seriously impaired that the individual receives spoken language, if at all, primarily through other sense organs by means such as lip reading, sign language, finger spelling, or reading. | 2024-02-07T16:32:33Z | |
| 99-hr-5158 | 99 | hr | 5158 | Equality in Education Act of 1986 | Taxation | 1986-07-14 | 1986-07-14 | Referred to House Committee on Ways and Means. | House | Rep. Rangel, Charles B. [D-NY-16] | NY | D | R000053 | 0 | Equality in Education Act of 1986 - Amends the Internal Revenue Code to deny tax-exempt status to any educational institution which has been found to have a policy of racial discrimination against any group in enrollment, hiring, or in other areas until such institution clearly and convincingly demonstrates abandonment of such policy through enrollment, hiring, or the taking of other vigorous, affirmative, and continued corrective action with respect to such group. | 2025-08-29T16:33:45Z | |
| 99-hr-5159 | 99 | hr | 5159 | A bill to deny the Prince Edward School Foundation and its successors tax-exempt status during the period beginning on October 3, 1984, and ending when it has demonstrated its nondiscrimination policy for 2 consecutive school years by having more than a token number of black students in attendance, black teachers on the faculty, and black individuals in administrative and clerical positions. | Taxation | 1986-07-14 | 1986-07-14 | Referred to House Committee on Ways and Means. | House | Rep. Rangel, Charles B. [D-NY-16] | NY | D | R000053 | 0 | Provides that the Prince Edward School Foundation and any successor organization to the Prince Edward School Foundation shall not be treated as organized and operated exclusively for any tax-exempt purposes during the period beginning on October 3, 1984, and ending at the later of: (1) two years after the date of enactment of this Act; or (2) the close of a period of two consecutive years during which the Prince Edward Academy has more than a token number of black students in attendance, black teachers on the faculty, and black individuals in administrative and clerical positions. | 2024-02-07T16:32:33Z | |
| 99-hr-5160 | 99 | hr | 5160 | A bill to amend Section 132 of the Internal Revenue Code of 1954 to provide that de minimis fringe benefits furnished by an employer to an employee may include a share in the cost of meals furnished off the business premises of the employer. | Taxation | 1986-07-14 | 1986-07-14 | Referred to House Committee on Ways and Means. | House | Rep. Vander Jagt, Guy [R-MI-9] | MI | R | V000027 | 0 | Amends the Internal Revenue Code to provide that if an employer does not operate an on-premises eating facility, 50 percent of the employer's share of an off-premises meal furnished to an employee shall be treated as a de minimis fringe benefit (not includible in the employee's income) provided that: (1) the employer pays no more than one-third of the cost of the meal; (2) a maximum of one meal per working day is provided; (3) the meal is furnished during normal business hours; and (4) the employer's share is furnished in kind and not in cash. | 2024-02-07T16:32:33Z | |
| 99-hr-5120 | 99 | hr | 5120 | A bill to amend the Internal Revenue Code of 1954 to clarify the tax treatment of voluntary employee benefit associations. | Taxation | 1986-06-26 | 1986-06-26 | Referred to House Committee on Ways and Means. | House | Rep. Feighan, Edward F. [D-OH-19] | OH | D | F000059 | 1 | Amends the Internal Revenue Code with respect to the tax treatment of welfare benefit plans to provide that no special accounts limits shall apply in the case of any qualified asset account under a separate welfare benefit fund under a collective bargaining agreement or an employee pay-all plan which meets certain conditions. | 2024-02-07T16:32:33Z | |
| 99-hr-5129 | 99 | hr | 5129 | Tax Collection and Enforcement Improvement Act of 1986 | Taxation | 1986-06-26 | 1986-06-26 | Referred to House Committee on Ways and Means. | House | Rep. Kolbe, Jim [R-AZ-5] | AZ | R | K000306 | 20 | Tax Collection and Enforcement Improvement Act of 1986 - Title I: Collections and Enforcement Staff Enhancement - Requires the Secretary of the Treasury, within five fiscal years of the enactment of this Act, to reduce the level of delinquent debt by at least $5,000,000, through the strengthening of the collection activities of the Internal Revenue Service. Requires the Secretary to increase the collection staff by 1,500 employees in FY 1987. Requires the Secretary, within 180 days of enactment of this Act, to submit a plan to the Congress to reduce the growth of backlogged collections and increase collection of taxes. Provides that the plan is to detail the allocation of staff in all aspects of the collection process, based on projected workload and to include an estimate of future staffing needs. Authorizes appropriations to the Internal Revenue Service as necessary to carry out these requirements. Directs the Secretary to increase by 1,000 in FY 1987 the Internal Revenue Service staff allocated to the information returns (document matching) program. Requires the Secretary to submit, within 180 days, a plan to strengthen the Information Returns Program, which shall include an estimate of staffing needs. Authorizes appropriations to carry out the program to strengthen the Information Returns Program. Directs the Secretary of the Treasury to increase by 2,500 the Internal Revenue Service staff positions in the tax return examination and enforcement function area in each of FY 1987, 1988, and 1989. Requires the Secretary, within 180 days of enactment, to submit a plan to increase the number of returns audited to at least two percent and to raise taxpayer compliance to 90 percent within the next five years. Provides that the plan shall recommend any additional staffing needs. Requires the Secretary, within 60 days after the end of FY 1987, and each year following, to submit a report to the Congress on the status of tax collections and the level of delinquent debt. Title II: Improvement of Collection Practice… | 2025-08-29T16:32:29Z | |
| 99-hr-5144 | 99 | hr | 5144 | A bill to amend the Internal Revenue Code of 1954 to provide that the interest on certain obligations issued by an issuer who is in arrears with respect to another obligation issued by the issuer, or guaranteed by a guarantor who is in arrears with respect to another obligation guaranteed by the guarantor, is not exempt from tax. | Taxation | 1986-06-26 | 1986-06-26 | Referred to House Committee on Ways and Means. | House | Rep. Torricelli, Robert G. [D-NJ-9] | NJ | D | T000317 | 7 | Amends the Internal Revenue Code to provide that the interest on certain governmental obligations issued by an issuer who is in arrears with respect to another obligation issued by the issuer, or guaranteed by a guarantor who is in arrears with respect to another obligation guaranteed by the guarantor, is not exempt from tax. | 2024-02-07T16:32:33Z | |
| 99-hres-488 | 99 | hres | 488 | A resolution expressing the sense of the House of Representatives that the Tax Reform Act of 1985 should be amended to reinstate the deduction for contributions to individual retirement accounts and to increase from $250 to $2,000 the amount which may be deducted for any taxable year by or on behalf of spouses who have no compensation for such taxable year. | Taxation | 1986-06-26 | 1986-06-26 | Referred to House Committee on Ways and Means. | House | Rep. Badham, Robert E. [R-CA-40] | CA | R | B000024 | 21 | Expresses the sense of the House of Representatives that the Tax Reform Act of 1985 should be amended to: (1) preserve the deduction for contributions to individual retirement accounts; and (2) increase the amount which may be contributed to such accounts for any taxable year and deducted by or on behalf of spouses who have no compensation for such taxable year. | 2024-02-07T16:32:33Z | |
| 99-s-2609 | 99 | s | 2609 | Rural Enterprise Zone Act of 1986 | Taxation | 1986-06-26 | 1986-06-26 | Read twice and referred to the Committee on Finance. | Senate | Sen. Danforth, John C. [R-MO] | MO | R | D000030 | 13 | Rural Enterprise Zone Act of 1986 - Title I: Designation of Rural Enterprise Zones - Amends the Internal Revenue Code to provide for the designation of enterprise zones by the Secretary of Housing and Urban Development. Specifies that States and local governments shall nominate areas for such designation. Limits to 45 the total number of areas which may be designated as enterprise zones. Limits the period during which such designations shall remain in effect to a maximum of 15 years. Specifies that the Secretary may designate such zones only if: (1) the area is within the jurisdiction of the nominating local government; (2) the boundary of the area is continuous; (3) the area has a population of at least 1,000 or is entirely 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, and providing job training to residents of the area. Terminates the authority of the Secretary to designate rural enterprise zones on January 1, 1987, or three years after the publication of regulations pertaining to such zones. Describes areas to which preference shall be given in deciding to designate enterprise zones. Requires the Secretary to report to the Congress every three years on the effects of such enterprise zones' designation in accomplishing the purposes of this Act. 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 government for Federal assistance or benefits. States that the designation of an enterprise zone shall not give displaced persons from such an area any rights or benefits under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970. Provides that the designation of a rural enterprise zone shall not constitute a … | 2025-08-29T16:33:50Z | |
| 99-s-2619 | 99 | s | 2619 | Tax Collection and Enforcement Improvement Act of 1986 | Taxation | 1986-06-26 | 1986-06-26 | Read twice and referred to the Committee on Finance. | Senate | Sen. Roth Jr., William V. [R-DE] | DE | R | R000460 | 8 | Tax Collection and Enforcement Improvement Act of 1986 - Title I: Collections and Enforcement Staff Enhancement - Requires the Secretary of the Treasury, within five fiscal years of the enactment of this Act, to reduce the level of delinquent debt by at least $5,000,000, through the strengthening of the collection activities of the Internal Revenue Service. Requires the Secretary to increase the collection staff by 1,500 employees in FY 1987. Requires the Secretary, within 180 days of enactment of this Act, to submit a plan to the Congress to reduce the growth of backlogged collections and increase collection of taxes. Provides that the plan is to detail the allocation of staff in all aspects of the collection process, based on projected workload and to include an estimate of future staffing needs. Authorizes appropriations to the Internal Revenue Service as necessary to carry out these requirements. Directs the Secretary to increase by 1,000 in FY 1987 the Internal Revenue Service staff allocated to the information returns (document matching) program. Requires the Secretary to submit, within 180 days, a plan to strengthen the Information Returns Program, which shall include an estimate of staffing needs. Authorizes appropriations to carry out the program to strengthen the Information Returns Program. Directs the Secretary of the Treasury to increase by 2,500 the Internal Revenue Service staff positions in the tax return examination and enforcement function area in each of FY 1987, 1988, and 1989. Requires the Secretary, within 180 days of enactment, to submit a plan to increase the number of returns audited to at least two percent and to raise taxpayer compliance to 90 percent within the next five years. Provides that the plan shall recommend any additional staffing needs. Requires the Secretary, within 60 days after the end of FY 1987, and each year following, to submit a report to the Congress on the status of tax collections and the level of delinquent debt. Title II: Improvement of Collection Practices… | 2025-08-29T16:31:28Z | |
| 99-hr-5091 | 99 | hr | 5091 | Job Training Amendments to the IRA | Taxation | 1986-06-25 | 1986-06-25 | Referred to House Committee on Ways and Means. | House | Rep. Ritter, Don [R-PA-15] | PA | R | R000277 | 10 | Job Training Amendments to the IRA - Amends the Internal Revenue Code to provide that no additional tax will be imposed on the first $4,000 of payments or distributions from an individual retirement account used by the taxpayer solely to obtain job training or retraining for the taxpayer. Requires that the payments or distributions must be made in reasonable anticipation of the unemployment of the taxpayer or within two years after the taxpayer has become unemployed. Requires all distributions or payments to be made within two years after the first payment or distribution. | 2025-08-29T16:31:38Z | |
| 99-hr-5071 | 99 | hr | 5071 | A bill to amend the Internal Revenue Code of 1954 with respect to the charitable deduction for providing transportation of donated food. | Taxation | 1986-06-23 | 1986-06-23 | 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 allow a charitable contribution deduction for qualified food transportation contributions. Defines "qualified food transportation contribution" as a contribution by a corporation to or for the use of an eligible donee, but only if: (1) such contribution consists of providing transportation of food to be used by the donee solely for the care of the ill, the needy, or infants; (2) food is not transferred by the donee in exchange for money, other property, or services; and (3) the taxpayer receives from the donee a written statement representing that its use and disposition of food will be in accordance with this Act. Limits the amount of the transportation contribution deduction. | 2024-02-07T16:32:33Z | |
| 99-s-2582 | 99 | s | 2582 | A bill to provide for the deduction of points when refinancing a home. | Taxation | 1986-06-20 | 1986-06-20 | Read twice and referred to the Committee on Finance. | Senate | Sen. Pryor, David H. [D-AR] | AR | D | P000556 | 5 | Amends the Internal Revenue Code to allow homeowners to deduct the full amount of points paid in connection with the refinancing of their principal residences for the taxable year in which paid. | 2025-01-03T20:55:56Z | |
| 99-s-2577 | 99 | s | 2577 | Radon Mitigation Clarification Act of 1986 | Taxation | 1986-06-19 | 1986-06-19 | Read twice and referred to the Committee on Finance. | Senate | Sen. Lautenberg, Frank R. [D-NJ] | NJ | D | L000123 | 8 | Radon Mitigation Clarification Act of 1986 - Provides that, for purposes of the medical care expense tax deduction, amounts paid for necessary home improvements to mitigate measured harmful levels of radon gas exposure shall be treated as expenses paid for medical care and in the same manner as amounts paid for other home improvements which qualify as expenses paid for medical care. | 2025-08-29T16:32:42Z | |
| 99-s-2568 | 99 | s | 2568 | A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of business development companies. | Taxation | 1986-06-18 | 1986-06-18 | Read twice and referred to the Committee on Finance. | Senate | Sen. Chafee, John H. [R-RI] | RI | R | C000269 | 0 | Amends the Internal Revenue Code to treat "business development companies" (as defined by the Investment Company Act of 1940) as regulated investment companies for income tax purposes. | 2025-01-03T20:55:56Z | |
| 99-hconres-355 | 99 | hconres | 355 | A concurrent resolution to express the sense of Congress that the threshold for an itemized deduction for medical and dental expenses for Federal income tax purposes should not be greater than 5 percent of adjusted gross income. | Taxation | 1986-06-12 | 1986-06-17 | Referred to Subcommittee on Health. | House | Rep. Smith, Christopher H. [R-NJ-4] | NJ | R | S000522 | 40 | Expresses the sense of the Congress that the threshold for itemized deductions for medical and dental expenses for Federal income tax purposes should not be greater than five percent of adjusted gross income. | 2024-02-07T16:32:33Z | |
| 99-hr-5021 | 99 | hr | 5021 | Equity in Interstate Competition Act of 1986 | Taxation | 1986-06-12 | 1986-06-16 | Referred to Subcommittee on Monopolies and Commercial Law. | House | Rep. Brooks, Jack B. [D-TX-9] | TX | D | B000880 | 26 | Equity in Interstate Competition Act of 1986 - Authorizes States and the District of Columbia to require a person to collect a State sales tax imposed with respect to the sale of tangible personal property if: (1) the destination of sale is in such State; and (2) such person engages in regular or systematic soliciting of sales in such State and has gross receipts of certain amounts from sales within the State. Sets forth certain requirements which will qualify certain local sales taxes to be treated as State sales taxes. Prohibits a State from requiring any person who collects a State sales tax to make an accounting for the receipts of such tax on the basis of the geographical location at which the taxable transaction occurs. Limits the authority of the State to require a taxpayer to: (1) file more than four tax returns reporting the amount of such tax collected or required to be collected in any one-year period; or (2) file a return and remit the receipts of such tax more frequently than once in a calendar quarter, or before the expiration of the 20-day period beginning on the last day of the period for which such return is required to be filed. Provides that any person required by a State to collect a State sales tax shall be subject to the laws of such State relating to such sales tax. | 2025-08-29T16:31:33Z | |
| 99-hres-476 | 99 | hres | 476 | A resolution to express the sense of the House of Representatives with respect to the continued income tax deductibility of contributions to Individual Retirement Accounts. | Taxation | 1986-06-12 | 1986-06-12 | Referred to House Committee on Ways and Means. | House | Rep. Tallon, Robert M. (Robin) [D-SC-6] | SC | D | T000034 | 47 | Expresses the sense of the House of Representatives the deductibility of contributions to individual retirement accounts should be maintained for all citizens as part of any tax reform legislation. | 2024-02-07T16:32:33Z | |
| 99-s-2549 | 99 | s | 2549 | A bill to amend the Internal Revenue Code of 1954 to permit the rollover of gain from the sale of farmland development rights, and for other purposes. | Taxation | 1986-06-12 | 1986-06-12 | Read twice and referred to the Committee on Finance. | Senate | Sen. Specter, Arlen [R-PA] | PA | R | S000709 | 0 | Amends the Internal Revenue Code to provide for the nonrecognition of gain from the sale of farmland development rights under a qualified State farmland preservation program if the taxpayer purchases qualified farming property within 18 months of such sale. Excludes from gross income up to $100,000 of gain from the sale of farmland development rights by an individual who is age 55 or older. Allows a charitable contribution deduction for gain from the sale of farmland development rights to a State to the extent that the fair market value of such rights exceeds the amount actually received by the taxpayer. | 2025-01-03T20:55:56Z | |
| 99-hr-4987 | 99 | hr | 4987 | Home Ownership Opportunity Act of 1986 | Taxation | 1986-06-11 | 1986-06-11 | Referred to House Committee on Ways and Means. | House | Rep. Lantos, Tom [D-CA-11] | CA | D | L000090 | 0 | Home Ownership Opportunity Act of 1986 - Amends the Internal Revenue Code to allow distributions from an individual retirement account or annuity to be used for the purchase of a home by a first-time homebuyer. Limits the amounts of such a distribution to a $10,000 aggregate maximum. Reduces the basis of any principal residence by the amount of distribution used for the purchase. Treats as ordinary income any gain realized on the sale of a principal residence to the extent of any amount of such distribution used for the purchase. Defines a "first-time homebuyer" as any individual who has had no present ownership interest in a principal residence during the three-year prior to the purchase of the principal residence for which such distributions are used. | 2025-08-29T16:30:53Z | |
| 99-hr-5010 | 99 | hr | 5010 | A bill to amend the Internal Revenue Code of 1954 to provide special rules for discharge of qualified farm indebtedness of solvent farmers. | Taxation | 1986-06-11 | 1986-06-11 | Referred to House Committee on Ways and Means. | House | Rep. Dorgan, Byron L. [D-ND-At Large] | ND | D | D000432 | 0 | Amends the Internal Revenue Code to exclude from gross income the discharge of qualified farm indebtedness of a solvent taxpayer farmer. Defines "qualified farm indebtedness" as indebtedness of a taxpayer if: (1) such indebtedness was incurred directly in connection with the operation by the taxpayer of the trade or business of farming, or secured by farmlands or farm equipment used in such trade or business; (2) 50 percent or more of the annual gross receipts of the taxpayer for the three taxable years preceding the taxable year in which the discharge of such indebtedness occurs is attributable to the trade or business of farming; and (3) immediately before such discharge occurs, the taxpayer has a debt to equity ratio of at least seven to three. Sets forth ordering rules with respect to the use of qualified farm indebtedness to make basis adjustments. | 2024-02-07T16:32:33Z | |
| 99-hres-470 | 99 | hres | 470 | A resolution expressing the sense of the House of Representatives that the current law deduction for contributions to individual retirement accounts should not be reduced as a part of tax reform. | Taxation | 1986-06-11 | 1986-06-11 | Referred to House Committee on Ways and Means. | House | Rep. Barnes, Michael D. [D-MD-8] | MD | D | B000160 | 0 | Expresses the sense of the House of Representatives that the current tax deduction for contributions to individual retirement accounts should not be reduced as part of any tax reform legislation. | 2024-02-07T16:32:33Z | |
| 99-hr-4958 | 99 | hr | 4958 | Tax Compliance Act of 1986 | Taxation | 1986-06-09 | 1986-06-09 | Referred to House Committee on Ways and Means. | House | Rep. Levine, Mel [D-CA-27] | CA | D | L000264 | 0 | Tax Compliance Act of 1986 - Provides for a one-time amnesty from criminal and civil penalties for a taxpayer who: (1) files a written statement with specified information concerning any underpayment of tax; (2) pays the amount of such underpayment when filing the statement; and (3) within 30 days of notification, pays the full amount of interest due on the tax delinquent amount. Permits installment payments in certain cases. Defines the amnesty period as the six-month period beginning on the first July 1 after the date of the enactment of this Act. Applies such amnesty to all payments relating to taxable periods ending before January 1, 1986. Disallows such amnesty where: (1) the taxpayer was contacted before a statement was filed; (2) there was fraud in seeking amnesty; or (3) a criminal investigation is pending. Authorizes repayable advances to administer such amnesty program and to inform the general public as to the availability of such program. Provides that any revenues raised by such program shall first be used to repay such advances. Requires the filing of an informational return concerning real estate transactions. Increases criminal and civil tax penalties by 50 percent. Prohibits the award of any Federal contract to any person who has a tax delinquent account. Provides that no Federal business license may be issued with respect to any person who has a tax delinquent account. Provides an exception for public health business licenses or business licenses specified in regulations issued by the Secretary of the Treasury. | 2025-08-29T16:32:16Z | |
| 99-hr-4943 | 99 | hr | 4943 | A bill to repeal the application of Revenue Ruling 86-63, relating to the deductibility of contributions to university athletic funds. | Taxation | 1986-06-05 | 1986-06-05 | Referred to House Committee on Ways and Means. | House | Rep. Dicks, Norman D. [D-WA-6] | WA | D | D000327 | 2 | Provides that the Internal Revenue Code shall be applied without regard to Revenue Ruling 86-63 or any similar regulation. (Revenue Ruling 86-63 provides that no charitable contribution will be allowed for donations to university athletic scholarship funds if the donor receives the right to purchase season tickets on a preferential basis.) | 2024-02-07T16:32:33Z | |
| 99-hr-4930 | 99 | hr | 4930 | A bill to amend the Internal Revenue Code of 1954 with respect to the taxation of interests in entities holding financial instruments. | Taxation | 1986-06-04 | 1986-06-04 | Referred to Subcommittee on Select Revenue Measures. | House | Rep. Matsui, Robert T. [D-CA-3] | CA | D | M000249 | 0 | Amends the Internal Revenue Code to create a new type of entity, known as a debt holding company, which must elect such treatment and meet certain specified requirements. Imposes a tax on the adjustable taxable income of such debt holding company at the maximum corporate rate. Provides the following adjustments in arriving at taxable income: (1) an unlimited carryback of net operating losses of debt holding companies; (2) a deduction for certain amounts paid to holders of residual interests; (3) disallowance of the dividends received deduction for corporations; and (4) exclusion of all items of income, gain, loss, or deduction relating to prohibited transactions. Requires the amortization of the organizational expenses over the period of the qualified financial instrument held by the debt holding company with the longest maturity. Requires that substantially all of the assets of a debt holding company must consist of qualified financial instruments or permitted investments. Provides that all the interests in a debt holding company must be either "regular interests" or "residual interests." Defines a "regular interest" as an interest in a debt holding company the terms of which are fixed on the first day, and which: (1) unconditionally entitles the holder to receive a specified principal amount; and (2) provides that interest payments (if any) before maturity are payable at a fixed rate (or to the extent provided in regulations, at variable rates) and on a periodic basis. Permits the timing of payment of principal amounts to be contingent on the extent of prepayments on qualified financial instruments and the amount of income from permitted investments. Defines "residual interest" to mean an interest in a debt holding company the terms of which are fixed on the first day and which entitles the holder only to receive one or more payment the amount and timing of which are wholly contingent on: (1) the extent of prepayments on qualified financial instruments; (2) the extent of income from permitted investments… | 2024-02-07T16:32:33Z | |
| 99-sres-419 | 99 | sres | 419 | A resolution to express the sense of the Senate regarding the Federal tax exemption of Blue Cross and Blue Shield Plans. | Taxation | 1986-06-04 | 1986-06-04 | Referred to the Committee on Finance. | Senate | Sen. Gorton, Slade [R-WA] | WA | R | G000333 | 40 | Expresses the sense of the Senate that the 50-year-old tax exemption of the 84 nonprofit, community-based Blue Cross and Blue Shield Plans be retained without modification. | 2025-01-03T20:55:56Z | |
| 99-hr-4916 | 99 | hr | 4916 | REIT Tax Provisions Revision Act of 1986 | Taxation | 1986-06-03 | 1986-06-10 | Subcommittee Hearings Held. | House | Rep. Vander Jagt, Guy [R-MI-9] | MI | R | V000027 | 5 | REIT Tax Provisions Revision Act of 1986 - Amends the Internal Revenue Code to modify the qualification requirements for a real estate investment trust (REIT) to require that the corporation, trust, or association not be closely held. Waives the partnership attribution rules for making the determination of whether the REIT is closely held. Provides that the requirements that the REIT must have the beneficial ownership of it held by 100 or more persons and that it must not be closely held shall not apply to the first taxable year for which the election for REIT treatment is made. Requires that the REIT has no earnings and profits accumulated in any non-REIT year. Permits an entity which has not been engaged in any active trade or business to change its accounting period to a calendar year without the approval of the Secretary of the Treasury if such change is in connection with the election of REIT status. Provides that a corporation which is a qualified REIT subsidiary shall not be treated as a separate corporation, and all assets, liabilities, and items of income, deduction, and credit of a qualified REIT subsidiary shall be treated as assets, liabilities, and such items (as the case may be) of the real estate investment trust. Provides that if a REIT receives new equity capital, then income derived from stock or debt instruments (i.e., interest, dividends, or gain from the sale of such stock or debt instruments) that is attributable to the temporary investment of the new equity capital is treated, for a one-year period beginning on the date that the REIT receives such capital, as qualifying income for purposes of the REIT. Treats stock or debt instruments purchased with such capital as "real estate assets" for purpose of the REIT assets tests. Defines "new equity capital" as any amount received by the REIT in exchange for stock of the REIT (other than pursuant to a dividend reinvestment plan). Provides that amounts received by a REIT in connection with the rental of property do not fail to qualify as rents f… | 2025-08-29T16:29:34Z | |
| 99-hr-4918 | 99 | hr | 4918 | A bill to allow homeowners to deduct the full amount of prepaid interest paid in connection with the refinancing of their principal residence for the taxable year in which paid. | Taxation | 1986-06-03 | 1986-06-03 | Referred to House Committee on Ways and Means. | House | Rep. Anderson, Glenn M. [D-CA-32] | CA | D | A000189 | 0 | Amends the Internal Revenue Code to allow homeowners to deduct the full amount of prepaid interest in connection with the refinancing of their principal residences for the taxable year in which paid. | 2024-02-07T16:32:33Z | |
| 99-hr-4884 | 99 | hr | 4884 | A bill to amend the Internal Revenue Code of 1954 with respect to the treatment of certain air transportation. | Taxation | 1986-05-22 | 1986-05-22 | Referred to House Committee on Ways and Means. | House | Rep. Barnard, Doug, Jr. [D-GA-10] | GA | D | B000153 | 43 | Amends the Internal Revenue Code to provide that the value of transportation provided to any person on a noncommercially operated aircraft shall be considered "no-additional-cost service" and therefore excludible from gross income if: (1) such transportation is provided on a flight made in the ordinary course of the trade or business of the taxpayer owning or leasing such aircraft for use in such trade or business; (2) the flight on which the transportation is provided would have been made whether or not such person was transported on the flight; and (3) no substantial additional cost is incurred in providing such transportation to such person. | 2024-02-07T16:32:33Z | |
| 99-hr-4887 | 99 | hr | 4887 | A bill to repeal the windfall profit tax on domestic crude oil. | Taxation | 1986-05-22 | 1986-05-22 | Referred to House Committee on Ways and Means. | House | Rep. Archer, Bill [R-TX-7] | TX | R | A000215 | 45 | Amends the Internal Revenue Code to repeal the windfall profit tax on domestic crude oil. | 2024-02-07T16:32:33Z | |
| 99-hr-4904 | 99 | hr | 4904 | Long-Term Care Savings Account Act of 1986 | Taxation | 1986-05-22 | 1986-05-22 | Referred to House Committee on Ways and Means. | House | Rep. Mikulski, Barbara A. [D-MD-3] | MD | D | M000702 | 11 | Long-Term Care Savings Account Act of 1986 - Amends the Internal Revenue Code to allow an income tax deduction for contributions made to a savings account established to pay the long-term care expenses of an individual. Defines "long-term care expenses" as expenses incurred for any item or service medically necessary or prudent for the care of the beneficiary of such an account. Limits such deduction to $2,000 (adjusted for inflation) annually. Provides that only the beneficiary, the spouse of the beneficiary, and the parents of the beneficiary may contribute to such an account. Provides that no account may have more than one beneficiary and that no individual may be the beneficiary of more than one account. Permits a tax exclusion for income accumulated in such savings accounts as long as such amounts are used exclusively for long-term care expenses. Sets forth penalties for the use of account funds for other than long-term care purposes. Extends the deduction for contributions to a long-term care savings account to taxpayers who do not otherwise itemize deductions. | 2025-08-29T16:32:21Z | |
| 99-hr-4911 | 99 | hr | 4911 | A bill to allow homeowners to deduct the full amount of prepaid interest paid in connection with the refinancing of their principal residence for the taxable year in which paid. | Taxation | 1986-05-22 | 1986-05-22 | Referred to House Committee on Ways and Means. | House | Rep. Stallings, Richard H. [D-ID-2] | ID | D | S000785 | 78 | Amends the Internal Revenue Code to allow homeowners to deduct the full amount of prepaid interest in connection with the refinancing of their principal residences for the taxable year in which paid. | 2024-02-07T16:32:33Z | |
| 99-hr-4913 | 99 | hr | 4913 | Farm Employment and Enterprise Development Act of 1986 | Taxation | 1986-05-22 | 1986-06-02 | Referred to Subcommittee on Trade. | House | Rep. Stangeland, Arlan [R-MN-7] | MN | R | S000795 | 13 | Farm Employment and Enterprise Development Act of 1986 - 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. Specifies that States and local governments shall nominate areas for such designation. Limits to 100 the total number of areas which may be designated as enterprise zones. Limits the period during which such designations shall remain in effect to a maximum of 25 years. Specifies that the Secretary may designate such zones only if: (1) the area is within the jurisdiction of the nominating local government; (2) the boundary of the area is continuous; (3) the area has a population of at least 1,000 or is entirely 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, and providing job training to residents of the area. Terminates the authority of the Secretary to designate rural enterprise zones on June 30, 1989, 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 report to the Congress every four years on the effects of such enterprise zones' designation in accomplishing the purposes of this Act. 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 government for Federal assistance or benefits. States that the designation of an enterprise zone shall not give displaced persons from such an area any rights or benefits under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970. Provides that such enterprise zones shall be tre… | 2025-08-29T16:31:12Z | |
| 99-s-2484 | 99 | s | 2484 | Uninsured Workers' Health Insurance Act of 1986 | Taxation | 1986-05-21 | 1986-05-21 | Read twice and referred to the Committee on Finance. | Senate | Sen. Durenberger, Dave [R-MN] | MN | R | D000566 | 0 | Uninsured Workers' Health Insurance Act of 1986 - Amends the Internal Revenue Code to allow an income tax credit for amounts paid for health insurance premiums by individuals who are not eligible for employer-sponsored health insurance and who are not covered by a Federal health program. Limits the amount of such credit based on the uninsured individual's taxable income. Disallows such credit for individuals with a taxable income over $30,000 per year. Allows an income tax deduction for the amounts paid for health insurance premiums by self-employed individuals who own the entire interest in an unincorporated trade or business. | 2025-08-29T16:30:50Z | |
| 99-s-2485 | 99 | s | 2485 | Health Equity and Incentives Reform Act of 1986 | Taxation | 1986-05-21 | 1986-05-21 | Read twice and referred to the Committee on Finance. | Senate | Sen. Durenberger, Dave [R-MN] | MN | R | D000566 | 0 | Health Equity and Incentives Reform Act of 1986 - Amends the Internal Revenue Code to include in the employee's income contributions by an employer to accident or health plans for compensation to employees for personal injuries or sickness. Excludes from income contributions made: (1) with respect to coverage under any workers' compensation Act; (2) for in-plant first aid; or (3) for treatment of occupationally related illness or injury. Excludes certain contribution amounts made on behalf of Medicare recipients. Includes the amounts of the employer's contribution to an accident or health plan in the social security wage base. Permits an individual a refundable tax credit equal to 40 percent of the qualified health premiums of the individual for the taxable year. Provides that "qualified health premium" means the amount paid or incurred by or on behalf of the taxpayer as a premium to a qualified health care financing and delivery plan for coverage under such plan. Limits the amount of qualified premiums eligible for the tax credit to $65 per month per household member covered under the plan up to a maximum of $195 per month. Provides for an annual cost-of-living adjustment in the monthly limitation amount. Sets forth the requirements for qualified health care financing and delivery plans. Provides that nonresident aliens are not allowed the tax credit for contributions to accident and health plans. Directs the Secretary of Health and Human Services to study and report to the Congress, not later than March 31, 1988, on alternative methods for adjusting the monthly limitation of premiums eligible for the tax credit so as to take into account the ages of different individuals and other actuarial factors that reflect the relative cost of health care services for different individuals. Amends the Public Health Service Act to provide that if an employer or State or political subdivision employs an individual who, immediately preceding the date of the employment, is enrolled with a qualified health maintenance organ… | 2025-08-29T16:31:22Z | |
| 99-s-2486 | 99 | s | 2486 | Health Plan Promotion Act of 1986 | Taxation | 1986-05-21 | 1986-05-21 | Read twice and referred to the Committee on Finance. | Senate | Sen. Durenberger, Dave [R-MN] | MN | R | D000566 | 0 | Health Plan Promotion Act of 1986 - Amends the Internal Revenue Code to require the inclusion in gross income of contributions by an employer to accident and health plans for compensation to employees for personal injuries and sickness. Permits individuals to claim a nonitemized deduction for the cost of their accident and health insurance to the extent such costs do not exceed specified levels. Permits such deduction whether such costs are paid by the taxpayer or the taxpayer's employer. Establishes the maximum amount of the deduction as follows: (1) $75 per month for an individual; (2) $175 per month for an individual and the individual's spouse; and (3) $225 per month for an individual's spouse; and (3) $225 per month for an individual and the individual's family. Provides for a cost-of-living adjustment in such amounts. Provides that amounts paid for accident and health insurance in excess of the monthly limits would be allowable as deductible medical expenses. Raises the threshold for the medical expense deduction from five percent of adjusted gross income to ten percent of adjusted gross income. | 2025-08-29T16:31:02Z | |
| 99-hr-4849 | 99 | hr | 4849 | A bill to allow homeowners to deduct the full amount of prepaid interest paid in connection with the refinancing of their principal residence for the taxable year in which paid. | Taxation | 1986-05-20 | 1986-05-20 | Referred to House Committee on Ways and Means. | House | Rep. Boehlert, Sherwood [R-NY-25] | NY | R | B000586 | 126 | Amends the Internal Revenue Code to allow homeowners to deduct the full amount of prepaid interest in connection with the refinancing of their principal residences for the taxable year in which paid. | 2024-02-07T16:32:33Z | |
| 99-sres-409 | 99 | sres | 409 | A resolution to express the sense of the Senate that the tax reform legislation, when that bill is signed into law, remain unchanged for a minimum of five years, for the purpose of promoting economic growth and opportunity. | Taxation | 1986-05-19 | 1986-05-19 | Referred to the Committee on Finance. | Senate | Sen. Mattingly, Mack [R-GA] | GA | R | M000257 | 9 | Expresses the sense of the Senate that the tax reform legislation, when that bill is signed into law, remain unchanged for a minimum of five years, so as to provide stability for the American taxpayer and the private sector. | 2025-01-03T20:55:56Z | |
| 99-hr-4828 | 99 | hr | 4828 | Energy Independence Act of 1986 | Taxation | 1986-05-15 | 1986-05-20 | Referred to Subcommittee on Trade. | House | Rep. Barton, Joe [R-TX-6] | TX | R | B000213 | 8 | Energy Independence Act of 1986 - Amends the Internal Revenue Code to impose an excise tax on: (1) the first sale within the United States of any crude oil or any petroleum product imported into the United States; and (2) the use within the United States of any crude oil or any petroleum product imported into the United States if no such tax has been imposed prior to such use. Sets a fluctuating rate for such tax dependent upon the world price of crude oil. | 2025-08-29T16:29:22Z | |
| 99-s-2463 | 99 | s | 2463 | First-Time Homebuyer Opportunity Act of 1986 | Taxation | 1986-05-15 | 1986-05-15 | Read twice and referred to the Committee on Finance. | Senate | Sen. Riegle, Donald W., Jr. [D-MI] | MI | D | R000249 | 1 | First-Time Homebuyer Opportunity Act of 1986 - Amends the Internal Revenue Code to allow distributions from an individual retirement account or annuity to be used to purchase a home by a first-time homebuyer. Limits the amount of such a distribution to a $10,000 aggregate maximum. Defines a "first-time homebuyer" as any individual who has had no present ownership interest in a principal residence during the three-year period prior to the purchase of the principal residence for which individual retirement account distributions are used. | 2025-08-29T16:31:52Z | |
| 99-sres-407 | 99 | sres | 407 | A resolution to express the sense of the Senate in support of a tax differential for long-term capital gains. | Taxation | 1986-05-14 | 1986-05-14 | Referred to the Committee on Finance. | Senate | Sen. Cranston, Alan [D-CA] | CA | D | C000877 | 1 | Expresses the sense of the Senate that appropriate tax treatment for long-term capital gains investments should be incorporated into tax reform legislation, and that this can be accomplished by one or both of the following measures: (1) a meaningful differential for long-term capital gains; or (2) a proper indexation of invested assets to account for inflation. | 2025-01-03T20:55:56Z | |
| 99-hr-4807 | 99 | hr | 4807 | A bill to amend the Internal Revenue Code of 1954 to provide that interest on a State or local bond shall be included in gross income if the proceeds of the bond are used to finance milk production. | Taxation | 1986-05-13 | 1986-05-13 | Referred to House Committee on Ways and Means. | House | Rep. Dorgan, Byron L. [D-ND-At Large] | ND | D | D000432 | 16 | Amends the Internal Revenue Code to disallow the tax exclusion for interest earned on industrial development bonds issued by a State or local government if the proceeds of such bonds are used to finance milk production. Exempts from such requirement a limited amount of bonds used for first-time farmers and at times when there is a certification by the Secretary of Agriculture of a nationwide shortage of milk. | 2024-02-07T16:32:33Z | |
| 99-hr-4816 | 99 | hr | 4816 | A bill to amend the "Joint resolution to provide for accepting, ratifying and confirming the cessions of certain islands of the Samoan group to the United States, and for other purposes". | Taxation | 1986-05-13 | 1986-05-16 | Referred to Subcommittee on Trade. | House | Del. Sunia, Foto I. F. [D-AS-At Large] | AS | D | S001077 | 0 | Amends Federal law to require all customs duties derived from American Samoa (including quarantine, passport, immigration, and naturalization fees collected in American Samoa) and excise and other taxes imposed by the United States on articles produced in American Samoa and transported to the United States, its territories, or possessions or consumed in American Samoa to be held in the Treasury of American Samoa for the benefit of its residents. | 2024-02-07T16:32:33Z | |
| 99-hr-4780 | 99 | hr | 4780 | A bill to amend the Internal Revenue Code of 1954 to provide a credit against income tax for producing oil from certain marginal wells, to repeal the net income limitation on percentage depletion on oil and gas wells, to provide relief from the minimum tax for insolvent oil producers, and to provide that certain tax benefits will not be lost where an oil or gas property is transferred. | Taxation | 1986-05-08 | 1986-05-08 | Referred to House Committee on Ways and Means. | House | Rep. Anthony, Beryl, Jr. [D-AR-4] | AR | D | A000213 | 8 | Amends the Internal Revenue Code to allow an income tax credit for crude oil producers for maintaining economically unproductive oil wells. Sets the amount of such credit as the amount equal to the excess of an oil well's operating costs allocable to a barrel of oil over the sales price of the barrel (but in no event more than $3.50 per barrel). Provides for a ten-year carryback and a five-year carryover of such credit. Repeals the rule that limits the percentage depletion allowance for oil and gas properties to 50 percent of a taxpayer's net income from the property. Revises the minimum tax treatment rules for insolvent oil producers to provide that an insolvent taxpayer who transfers property used in the active conduct of a trade or business of exploring for or producing crude oil is not required to treat the net capital gain on a transfer as a tax preference if the transfer was made to a creditor in cancellation of indebtedness or to a third party under a threat of foreclosure. Limits such treatment revision to persons who have derived at least 50 percent of the gross income from an oil exploration or production business. Repeals specified rules which currently disqualify certain properties from: (1) the percentage depletion allowance deduction; and (2) the stripper well oil exemption from the windfall profit tax. | 2024-02-07T16:32:33Z | |
| 99-hr-4787 | 99 | hr | 4787 | Child Care Act of 1986 | Taxation | 1986-05-08 | 1986-05-08 | Referred to House Committee on Ways and Means. | House | Rep. Johnson, Nancy L. [R-CT-6] | CT | R | J000163 | 48 | Title I: Short Title; Findings - Child Care Act of 1986 - Sets forth congressional findings regarding the child care policies of the country. Title II: Dependent Care Tax Credit and Voucher System - Part 1: Changes in Dependent Care Tax Credit - Amends the Internal Revenue Code to disallow dependent care tax credits when a taxpayer's adjusted gross income exceeds $50,000. Provides for a yearly cost-of-living adjustment to both base and ceiling amounts. Disallows such credit where any of the employment-related expenses are paid with any vouchers. Part 2: Voucher System for Child Care - Directs the Secretary of Health and Human Services to make grants to each State having an approved plan for child care vouchers for certain low income individuals. Authorizes appropriations for FY 1987 through 1990. Directs the Secretary to establish criteria, standards, and a timetable for the State plan. Requires the Secretary to reimburse a State for 75 percent of its costs under such plan. Provides for proportional allotments based upon the amount received under title XX (Grants to States for Social Services) of the Social Security Act. Permits a State to use block grant funds for the voucher plan. States that the redemption of a voucher for child care services by a child care provider constitutes receipt of Federal funds for purposes of provisions of the Civil Rights Act of 1964 relating to racial discrimination. Prohibits sex discrimination by any child care program. Exempts child care providers serving seven or fewer children. Permits the Secretary to withhold payment from a noncomplying State. Excludes the amount of any voucher from determinations of income or resources for purposes of any Federal or State law. Requires each State to report biennially to the Secretary on the implementation of the plan including the amounts used on vouchers from block grant funds. Requires the Secretary to report to the Congress an analysis of the State reports. | 2025-08-29T16:32:14Z | |
| 99-hr-4790 | 99 | hr | 4790 | Simplified Employee Pension Improvements Act of 1986 | Taxation | 1986-05-08 | 1986-05-08 | Referred to House Committee on Ways and Means. | House | Rep. Kennelly, Barbara B. [D-CT-1] | CT | D | K000118 | 0 | Simplified Employee Pension Improvements Act of 1986 - Amends the Internal Revenue Code to provide that contributions made by an employer on behalf of an employee to an individual retirement account or individual retirement annuity pursuant to a simplified employee pension shall be excluded from the gross income of the employee. Permits the employer contribution to a simplified employee pension to be made on the basis of the employer's taxable year rather than in relation to the calendar year ending within the employer's taxable year. Modifies the maximum contribution that an employer may make on behalf of the employee to a simplified employee pension. Modifies the requirement that the employer must cover an employee under a simplified employee pension if the employee has worked for the employer in three of the last five years, applying this rule either on a calendar year or fiscal year basis. Requires $300 earnings by an employee before an employer is required to make contributions to a simplified employee pension on behalf of the employee. Requires an annual cost-of-living adjustment to such dollar amount. | 2025-08-29T16:30:57Z | |
| 99-hr-4795 | 99 | hr | 4795 | A bill to amend the Internal Revenue Code of 1954 to permit pension and annuity plans to make distributions to participants for purposes of acquiring a principal residence. | Taxation | 1986-05-08 | 1986-05-08 | Referred to House Committee on Ways and Means. | House | Rep. St Germain, Fernand J. [D-RI-1] | RI | D | S000762 | 10 | Amends the Internal Revenue Code to permit qualified pension and annuity plans to make distributions to participants for purposes of acquiring, constructing, or rehabilitating a dwelling unit if: (1) within a reasonable period of time such dwelling unit is to be used as the principal residence of the participant; and (2) such participant has not previously received a distribution for such purposes. | 2024-02-07T16:32:33Z | |
| 99-hres-451 | 99 | hres | 451 | A resolution expressing the sense of the House of Representatives with respect to the effective date of any change in the taxation of employees' annuities. | Taxation | 1986-05-08 | 1986-05-08 | Referred to House Committee on Ways and Means. | House | Rep. Hall, Tony P. [D-OH-3] | OH | D | H000074 | 94 | Expresses the sense of the House of Representatives that if the basis recovery rule for annuities of employees who contribute to their retirement program is changed in tax reform legislation, in no event should such change apply to individuals retiring before the date of enactment of such legislation. | 2024-02-07T16:32:33Z | |
| 99-s-2429 | 99 | s | 2429 | Anti-Terrorism Tax Act of 1986 | Taxation | 1986-05-08 | 1986-05-16 | Committee on Finance requested executive comment from OMB, Treasury Department, State Department. | Senate | Sen. Grassley, Chuck [R-IA] | IA | R | G000386 | 1 | Anti-Terrorism Tax Act of 1986 - Amends the Internal Revenue Code to deny the foreign tax credit for taxes paid to any country identified as repeatedly providing support for acts of international terrorism. Applies such treatment to taxes paid to countries which the Secretary of State, pursuant to the Export Administration Act of 1979, has designated as countries that repeatedly support acts of international terrorism. | 2025-08-29T16:33:09Z | |
| 99-sres-400 | 99 | sres | 400 | A resolution to retain current tax treatment of Individual Retirement Account. | Taxation | 1986-05-08 | 1986-05-16 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Roth Jr., William V. [R-DE] | DE | R | R000460 | 6 | Expresses the sense of the Senate that the current tax treatment of individual retirement accounts should be retained and that such retention is consistent with the goals of tax reform. | 2025-01-03T20:55:56Z | |
| 99-sres-401 | 99 | sres | 401 | A resolution to express the sense of the Senate regarding full deductibility of contributions to Individual Retirement Accounts. | Taxation | 1986-05-08 | 1986-05-16 | Committee on Finance requested executive comment from OMB, Treasury Department. | Senate | Sen. Hawkins, Paula [R-FL] | FL | R | H000374 | 0 | Expresses the sense of the Senate that contributions to individual retirement accounts should retain their full tax deductibility. | 2025-01-03T20:55:56Z | |
| 99-hr-4778 | 99 | hr | 4778 | A bill to amend the Internal Revenue Code of 1954 to allow taxpayers to direct the Internal Revenue Service to transfer any portion of their income tax refunds to a fund established to further the development of manned space flight, and to allow taxpayers to make contributions to such a fund when paying their income tax. | Taxation | 1986-05-07 | 1986-05-07 | Referred to House Committee on Ways and Means. | House | Rep. Walker, Robert S. [R-PA-16] | PA | R | W000068 | 0 | Amends the Internal Revenue Code to allow taxpayers to: (1) direct the Internal Revenue Service to transfer any portion of their income tax refunds to a fund established to further the development of manned space flight; and (2) to make contributions to such a fund when paying their income taxes. Establishes in the Treasury the Challenger Trust Fund to be funded by amounts designated by taxpayers from the refunds for overpayment of taxes. | 2024-02-07T16:32:33Z | |
| 99-sres-395 | 99 | sres | 395 | A resolution expressing the sense of the Senate that the deduction for State and local taxes be retained. | Taxation | 1986-05-06 | 1986-05-06 | Referred to the Committee on Finance. | Senate | Sen. Chiles, Lawton [D-FL] | FL | D | C000356 | 10 | Expresses the sense of the Senate that the deduction for State and local taxes be retained in any Federal tax reform legislation. | 2025-01-03T20:55:56Z | |
| 99-hr-4735 | 99 | hr | 4735 | A bill to amend the Internal Revenue Code of 1954 to deny the benefits of section 911 of such Code to individuals who are in a foreign country in violation of an Executive Order. | Taxation | 1986-05-01 | 1986-05-01 | Referred to House Committee on Ways and Means. | House | Rep. Lantos, Tom [D-CA-11] | CA | D | L000090 | 1 | Amends the Internal Revenue Code to provide that citizens or residents of the United States who are in a foreign country in violation of an executive order shall not be permitted to exclude from income the foreign earned income from sources within such country or the housing expenses allocable for housing in such country. | 2024-02-07T16:32:33Z | |
| 99-hr-4742 | 99 | hr | 4742 | Health Care Improved Access Act of 1986 | Taxation | 1986-05-01 | 1986-06-09 | Subcommittee Hearings Held. | House | Rep. Stark, Fortney Pete [D-CA-9] | CA | D | S000810 | 4 | Health Care Improved Access Act of 1986 - Amends the Internal Revenue Code to impose an excise tax on large employers equal to ten percent of the expenses paid for employee health benefits if the employer does not participate in a State established qualified health insurance pooling association. Defines a "large employer" as an employer who has employed 20 or more individuals on each of 20 days during the taxable year. Defines a "qualified pooling association" as a State chartered nonprofit corporation which offers individuals and their dependents health insurance which: (1) has a limit of annual out-of-pocket expenses for covered services of $1,500 for individual coverage and $3,000 for family coverage; (2) has a lifetime benefit limit for any individual of not less than $500,000; (3) has deductibles which do not exceed $1,000; (4) denies services for preexisting conditions for no more than six months; (5) has a pool premium rate which does not exceed 150 percent of the average premium rates for comparable health insurance coverage; and (6) assesses losses of the pool equitably among all participating members. Amends title XVIII (Medicare) of the Social Security Act to require States to develop programs of health care assistance for the uninsured and the underinsured. Requires that such program must provide for payment for the unreimbursed costs incurred by each hospital in the State in furnishing medically necessary inpatient and outpatient services. Requires States to implement such a program by January 1, 1988, or on the first January 1st following State legislative sessions which do not occur before January 1, 1988, in order to continue to qualify for Federal matching funds for Medicare administrative expenses. Denies an income tax deduction for employer contributions made to group health plans unless: (1) the employer allows terminated employees the option of continuing health insurance for a period of up to 22 months after termination (extended from 18 months); (2) the employer continues premium paymen… | 2025-08-29T16:29:23Z |
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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);