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 104-hr-4334,104,hr,4334,Lifetime Education and Retraining Needs Act,Taxation,1996-09-30,1996-09-30,Referred to the House Committee on Ways and Means.,House,"Rep. Smith, Lamar [R-TX-21]",TX,R,S000583,5,Lifetime Education and Retraining Needs Act - Amends the Internal Revenue Code to exclude from gross income individual retirement account distributions used for post-secondary education and job retraining expenses. Exempts such distributions from excess distributions tax provisions.,2025-08-21T20:15:00Z,https://www.congress.gov/bill/104th-congress/house-bill/4334 104-s-2173,104,s,2173,Family Business Estate Tax Relief Act of 1996,Taxation,1996-09-30,1996-10-03,Sponsor introductory remarks on measure. (CR S12258),Senate,"Sen. Dorgan, Byron L. [D-ND]",ND,D,D000432,0,"Family Business Estate Tax Relief Act of 1996 - Amends the Internal Revenue Code to exclude from a family-owned business' gross estate up to $900,000 of family-owned business interest (in addition to the existing $600,000 estate and gift tax credit), provided that the heirs continue to materially participate in the business for a specified period after the owner's death. Increases the portion of the estate tax subject to the ""four- percent"" (interest) rule.",2025-08-21T20:16:18Z,https://www.congress.gov/bill/104th-congress/senate-bill/2173 104-hr-4301,104,hr,4301,To amend the Internal Revenue Code of 1986 to provide that elected tax collectors shall be treated as self-employed for certain purposes.,Taxation,1996-09-28,1996-09-28,Referred to the House Committee on Ways and Means.,House,"Rep. Goodling, William F. [R-PA-19]",PA,R,G000291,0,Amends the Internal Revenue Code to allow an elected tax collector to: (1) deduct certain expenses; and (2) participate in a Keogh plan if not a participant in a State or local governmental retirement plan.,2025-04-07T15:27:27Z,https://www.congress.gov/bill/104th-congress/house-bill/4301 104-hr-4311,104,hr,4311,"To amend the Internal Revenue Code of 1986 to allow penalty-free withdrawals from IRA's for certain purposes, to increase the amount of tax deductible IRA contributions, and for other purposes.",Taxation,1996-09-28,1996-09-28,Referred to the House Committee on Ways and Means.,House,"Rep. McCollum, Bill [R-FL-8]",FL,R,M000350,0,"Amends the Internal Revenue Code to allow penalty-free (and exclude from income if repaid) distributions from an individual retirement account (IRA) for first home purchases, higher education expenses, qualified long-term care expenses, and qualified unemployment distributions. Increases deductible IRA contribution amounts, and provides for inflation indexing. Eliminates the phase-out for individuals who are not active participants in defined contribution plans, and increases applicable dollar amounts for taxpayers other than those married filing separately. Increases 401(k) plan contribution limits. Establishes an alternative method for satisfying nondiscrimination requirements. Excludes inherited IRAs and certain 401(k) plans from a decedent's gross estate. Allows a designated beneficiary of an inherited IRA to hold such IRA free of immediate distribution provisions. Allows inherited 401(k) amounts as nondeductible contributions to a beneficiary's IRA, and excludes such amounts from income if so contributed.",2024-02-07T16:32:33Z,https://www.congress.gov/bill/104th-congress/house-bill/4311 104-hr-4323,104,hr,4323,Family Affordable College Tuition Act of 1996,Taxation,1996-09-28,1996-09-28,Referred to the House Committee on Ways and Means.,House,"Rep. Schumer, Charles E. [D-NY-9]",NY,D,S000148,1,Family Affordable College Tuition Act of 1996 - Amends the Internal Revenue Code to provide an income-adjusted deduction for qualified higher education expenses and qualified higher education loan interest paid during the tax year. Provides an income-adjusted deduction of up to $4000 for payments made to a qualified (higher) education savings plan during the tax year. Excludes plan distributions used to pay qualified education costs from gross income and dependent support determinations.,2025-08-21T20:16:14Z,https://www.congress.gov/bill/104th-congress/house-bill/4323 104-hr-4231,104,hr,4231,Principal Residence Tax Exclusion Act of 1996,Taxation,1996-09-27,1996-09-27,Referred to the House Committee on Ways and Means.,House,"Rep. Orton, Bill [D-UT-3]",UT,D,O000108,1,"Principal Residence Tax Exclusion Act of 1996 - Amends the Internal Revenue Code to replace the existing one-time exclusion of up to $125,000 of gain from the sale of a principal residence by a person at least 55 years old with an exclusion of gain of up to $250,000 ($500,000 for qualifying joint return) for a qualifying sale of a principal residence regardless of the person's age. Applies such exclusion to only one sale or exchange every two years. Repeals the provision providing for nonrecognition of gain on principal residence rollovers.",2025-08-21T20:14:29Z,https://www.congress.gov/bill/104th-congress/house-bill/4231 104-hr-4238,104,hr,4238,Compassionate Community Act of 1996,Taxation,1996-09-27,1996-10-22,"Referred to the Subcommittee on Health and Environment, and in addition to the Subcommittee on Commerce, Trade, and Hazardous Materials, for a period to be subsequently determined by the Chairman.",House,"Rep. Boehner, John A. [R-OH-8]",OH,R,B000589,0,"TABLE OF CONTENTS Title I: Tax Incentives for Charitable Contributions Title II: Volunteer Enhancement Title III: Common Sense Legal and Regulatory Reforms for Charities Subtitle A: Liability of Certain Tax Exempt Organizations Under CERCLA Subtitle B: Liability of Certain Tax Exempt Organizations Under OSHA Subtitle C: Fair Labor Standards Act Obligations of Certain Tax Exempt Organizations Subtitle D: Limited Damages in Negligence Claims Subtitle E: Volunteer Protection Subtitle F: Charitable Medical Care Subtitle G: Property Access Subtitle H: Volunteer Firefighter and Rescue Squad Worker Protection Compassionate Community Act of 1996 - Title I: Tax Incentives for Charitable Contributions - Amends the Internal Revenue Act Code to establish a charitable credit of up to $100 for an individual and up to $200 for a joint return. Prohibits double benefit charitable deductions and credits. (Sec. 102) Establishes an employer credit for wages paid to qualifying employee volunteers. Title II: Volunteer Enhancement - Amends the Fair Labor Standards Act of 1938 to permit employees to receive compensatory time rather than required monetary overtime (at a rate of at least 1.5 hours compensatory time for each hour of overtime). Title III: Common Sense Legal and Regulatory Reforms for Charities - Subtitle A: Liability of Certain Tax Exempt Organizations Under CERCLA - Amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 to limit specified pollutant or hazardous substance-related liability for qualifying tax-exempt organizations. Subtitle B: Liability of Certain Tax Exempt Organizations Under OSHA - Amends the Occupational Safety and Health Act of 1970 (OSHA)concerning notification of violation and employer defenses with respect to certain tax-exempt organizations. Subtitle C: Fair Labor Standards Act Obligations of Certain Tax Exempt Organizations - Amends the Fair Labor Standards Act of 1938 to authorize tax-exempt employers to establish flexible and compressed schedules. Subtitle D: Limited Damages in Negligence Claims - Limits non-economic damages to $250,000 in a negligence action against a tax-exempt organization. Subtitle E: Volunteer Protection - Provides nonprofit or governmental volunteers with limited protection from tort liability. Sets forth specified State conditions and exceptions to such protection. (Sec. 335) Increases, by one percent, State Social Services Block Grant allotments under title XX of the Social Security Act for specified compliance certifications. Subtitle F: Charitable Medical Care - Provides health care professionals with limited liability for volunteer services. Subtitle G: Property Access - Amends the National Labor Relations Act to state that an employer who provides property access to charitable organizations is not required to provide such access for union-related activities. Subtitle H: Volunteer Firefighter and Rescue Squad Worker Protection - Amends the Fair Labor Standards Act of 1938 to exclude volunteer fire fighters or rescue squad members from the definition of employee. (Sec. 362) Waives overtime requirements for such volunteers.",2026-03-23T12:47:58Z,https://www.congress.gov/bill/104th-congress/house-bill/4238 104-hr-4243,104,hr,4243,To amend the Internal Revenue Code of 1986 to permit certain tax free corporate liquidations into a 501(c)(3) organization and to revise the unrelated business income tax rules regarding receipt of debt-financed property in such a liquidation.,Taxation,1996-09-27,1996-09-28,Sponsor introductory remarks on measure. (CR E1808),House,"Rep. Dunn, Jennifer [R-WA-8]",WA,R,D000549,3,Amends the Internal Revenue Code to allow certain tax-free liquidations from a closely held corporation into a tax-exempt organization. Revises unrelated business income provisions regarding property acquired subject to a mortgage with respect to such a liquidation.,2024-02-07T16:32:33Z,https://www.congress.gov/bill/104th-congress/house-bill/4243 104-hr-4251,104,hr,4251,"To amend the Internal Revenue Code of 1986 to exempt certain small businesses from the required use of the electronic fund transfer system for depository taxes, and for other purposes.",Taxation,1996-09-27,1996-09-27,Referred to the House Committee on Ways and Means.,House,"Rep. Hastings, Doc [R-WA-4]",WA,R,H000329,0,Amends the Internal Revenue Code to exempt certain small businesses from the required use of the electronic fund transfer system for depository taxes. Revises specified deposit phase-in provisions.,2024-02-07T16:32:33Z,https://www.congress.gov/bill/104th-congress/house-bill/4251 104-hr-4256,104,hr,4256,To amend the Internal Revenue Code of 1986 to provide for the abatement of interest on deficiencies attributable to certain partnership items.,Taxation,1996-09-27,1996-09-27,Referred to the House Committee on Ways and Means.,House,"Rep. Laughlin, Greg [R-TX-14]",TX,R,L000119,0,Amends the Internal Revenue Code to provide for the abatement of interest on deficiencies attributable to certain partnership items.,2024-02-07T16:32:33Z,https://www.congress.gov/bill/104th-congress/house-bill/4256 104-s-2141,104,s,2141,A bill to amend the Internal Revenue Code of 1986 to permit certain tax free corporate liquidations into a 501(c)(3) organization and to revise the unrelated business income tax rules regarding receipt of debt-financed property in such a liquidation.,Taxation,1996-09-27,1996-09-27,Read twice and referred to the Committee on Finance.,Senate,"Sen. Feinstein, Dianne [D-CA]",CA,D,F000062,1,Amends the Internal Revenue Code to allow certain tax-free liquidations from a closely held corporation into a tax-exempt organization. Revises unrelated business income provisions regarding property acquired subject to a mortgage with respect to such a liquidation.,2025-01-14T18:59:41Z,https://www.congress.gov/bill/104th-congress/senate-bill/2141 104-s-2148,104,s,2148,Working Family Child Care Tax Relief Act of 1996,Taxation,1996-09-27,1996-09-27,Read twice and referred to the Committee on Finance.,Senate,"Sen. Harkin, Tom [D-IA]",IA,D,H000206,1,Working Family Child Care Tax Relief Act of 1996 - Amends the Internal Revenue Code with respect to the child and dependent care credit to: (1) increase such credit and make it refundable; and (2) provide it with an income-based phaseout and limitation. Eliminates the foreign earned income exclusion as of a specified date. Allows an exclusion for overseas qualified elementary and secondary schooling expenses.,2025-08-21T20:15:21Z,https://www.congress.gov/bill/104th-congress/senate-bill/2148 104-hr-4197,104,hr,4197,To amend the Internal Revenue Code of 1986 to permit States to make advance payments of the earned income tax credit.,Taxation,1996-09-26,1996-09-26,Referred to the House Committee on Ways and Means.,House,"Rep. Camp, Dave [R-MI-4]",MI,R,C000071,0,Amends the Internal Revenue Code to provide for advance earned income credits to be paid through a State Advance Payment Program rather than by the employer. Authorizes appropriations.,2024-02-07T16:32:33Z,https://www.congress.gov/bill/104th-congress/house-bill/4197 104-hr-4200,104,hr,4200,To amend the Internal Revenue Code of 1986 to encourage the cleanup of contaminated brownfield sites.,Taxation,1996-09-26,1996-09-26,Referred to the House Committee on Ways and Means.,House,"Rep. Johnson, Nancy L. [R-CT-6]",CT,R,J000163,0,Amends the Internal Revenue Code to permit the expensing for tax deduction purposes of certain environmental remediation costs.,2024-02-07T16:32:33Z,https://www.congress.gov/bill/104th-congress/house-bill/4200 104-hr-4201,104,hr,4201,To amend the Internal Revenue Code of 1986 to encourage qualified conservation contributions by individuals of capital gain property.,Taxation,1996-09-26,1996-09-26,Referred to the House Committee on Ways and Means.,House,"Rep. Johnson, Nancy L. [R-CT-6]",CT,R,J000163,0,Amends the tax deduction provisions of the Internal Revenue Code to exempt qualified conservation contributions from specified limitations on contributions of capital gain property.,2024-02-07T16:32:33Z,https://www.congress.gov/bill/104th-congress/house-bill/4201 104-hr-4206,104,hr,4206,"To amend the Internal Revenue Code of 1986 to provide that the amount of the aviation excise taxes for any fiscal year shall equal the expenditures from the Airport and Airway Trust Fund for the prior fiscal year, and for other purposes.",Taxation,1996-09-26,1996-09-27,Sponsor introductory remarks on measure. (CR E1740-1741),House,"Rep. Lightfoot, Jim [R-IA-3]",IA,R,L000305,0,Amends the Internal Revenue Code to: (1) provide that the amount of fiscal year aviation excise taxes shall match Airport and Airway Trust Fund expenditures; (2) require annual aviation tax rate determinations by a specified date; and (3) establish in such Fund an Annual Reserve Account.,2025-04-07T15:26:49Z,https://www.congress.gov/bill/104th-congress/house-bill/4206 104-hr-4222,104,hr,4222,Educational Freedom Act of 1996,Taxation,1996-09-26,1996-09-26,Referred to the House Committee on Ways and Means.,House,"Rep. Stockman, Steve [R-TX-9]",TX,R,S000937,0,"Educational Freedom Act of 1996 - Amends the Internal Revenue Code to allow a tax credit of up to $3,000 per student per year for tuition and related expenses at nonpublic elementary and secondary schools. Subjects such credit to adjusted gross income limits.",2025-08-21T20:16:08Z,https://www.congress.gov/bill/104th-congress/house-bill/4222 104-hr-4169,104,hr,4169,To amend the Internal Revenue Code of 1986 to provide that all computer software shall be depreciable over 24 months.,Taxation,1996-09-25,1996-09-26,Sponsor introductory remarks on measure. (CR E1710),House,"Rep. Baker, Bill [R-CA-10]",CA,R,B000078,2,Amends the Internal Revenue Code to provide a 24-month depreciation period for computer software. Exempts such software from amortization provisions.,2024-02-07T16:32:33Z,https://www.congress.gov/bill/104th-congress/house-bill/4169 104-hr-4176,104,hr,4176,To amend the Internal Revenue Code of 1986 to allow certain employees without employer-provided health coverage a refundable credit for their health insurance costs.,Taxation,1996-09-25,1996-09-25,Referred to the House Committee on Ways and Means.,House,"Rep. McDermott, Jim [D-WA-7]",WA,D,M000404,5,"Amends the Internal Revenue Code to provide a health insurance cost tax credit for certain employees without employer-provided coverage. Subjects such credit to employee compensation, adjusted gross income, and tax limits. Excludes long-term care insurance.",2024-02-07T16:32:33Z,https://www.congress.gov/bill/104th-congress/house-bill/4176 104-hr-4179,104,hr,4179,"To provide that members of the Armed Forces who performed services for the peacekeeping efforts in Somalia shall be entitled to tax benefits in the same manner as if such services were performed in a combat zone, and for other purposes.",Taxation,1996-09-25,1996-09-25,Referred to the House Committee on Ways and Means.,House,"Rep. McInnis, Scott [R-CO-3]",CO,R,M000477,0,"Treats Somalia as a ""hazardous duty area"" to entitle U.S. military personnel who performed U.S. peacekeeping services in Somalia between December 2, 1992, and April 1, 1994, to the same tax benefits under the Internal Revenue Code that are provided to U.S. military personnel serving in an area designated by the President as a combat zone.",2024-02-07T16:32:33Z,https://www.congress.gov/bill/104th-congress/house-bill/4179 104-s-2118,104,s,2118,A bill to amend the Internal Revenue Code of 1986 to allow casualty loss deduction for disaster losses without regard to the 10-percent adjusted gross income floor.,Taxation,1996-09-25,1996-09-25,Read twice and referred to the Committee on Finance.,Senate,"Sen. Faircloth, Lauch [R-NC]",NC,R,F000437,1,Amends the Internal Revenue Code to eliminate the ten percent adjusted gross income threshold for casualty loss deductions.,2025-01-14T18:59:41Z,https://www.congress.gov/bill/104th-congress/senate-bill/2118 104-hr-4154,104,hr,4154,"To amend the Internal Revenue Code of 1986 to make the dependent care credit refundable, and for other purposes.",Taxation,1996-09-24,1996-09-24,Referred to the House Committee on Ways and Means.,House,"Rep. Morella, Constance A. [R-MD-8]",MD,R,M000941,0,"Repeals the Internal Revenue Code's nonrefundable income tax credit for employment-related dependent care expenses, replacing it with a corresponding refundable 50 percent credit, reduced (but not below 20 percent) as the taxpayer's adjusted gross income exceeds $15,000 (adjusted for inflation). Includes within the scope of the new credit up to $1,200 ($2,400 in the case of more than one qualifying individual) of respite care expenses incurred in the care of: (1) a dependent of the taxpayer who is at least 13 years old; or (2) a spouse or other dependent who is physically or mentally incapable of self-care.",2024-02-07T16:32:33Z,https://www.congress.gov/bill/104th-congress/house-bill/4154 104-hr-4155,104,hr,4155,District of Columbia Economic Recovery Act,Taxation,1996-09-24,1996-09-24,Referred to the House Committee on Ways and Means.,House,"Del. Norton, Eleanor Holmes [D-DC-At Large]",DC,D,N000147,0,"District of Columbia Economic Recovery Act - Amends the Internal Revenue Code to set forth a limitation on the income tax imposed on individuals who are residents of the District of Columbia. Specifies that the limitation is the sum of: (1) 15 percent of so much District-sourced income as exceeds the exemption amount; and (2) the average rate of the non-District-sourced adjusted gross income. Sets forth definitions, including for ""resident of the District of Columbia"" and ""exemption amount."" Provides for the tax treatment of certain sources of income. Directs the Secretary of the Treasury to annually study the impact of the provisions of this Act on the economy of the District of Columbia.",2025-08-21T20:16:08Z,https://www.congress.gov/bill/104th-congress/house-bill/4155 104-hr-4157,104,hr,4157,To amend the Internal Revenue Code of 1986 to provide that the conducting of certain games of chance shall not be treated as an unrelated trade or business.,Taxation,1996-09-24,1996-09-24,Referred to the House Committee on Ways and Means.,House,"Rep. Ramstad, Jim [R-MN-3]",MN,R,R000033,7,Amends the Internal Revenue Code to provide that the conducting of certain games of chance shall not be treated as an unrelated trade or business for purposes of the tax imposed on tax-exempt organizations.,2024-02-07T16:32:33Z,https://www.congress.gov/bill/104th-congress/house-bill/4157 104-s-2109,104,s,2109,A bill to provide a 1-year delay in the imposition of penalties on small businesses failing to make electronic fund transfers of business taxes.,Taxation,1996-09-24,1996-09-24,Read twice and referred to the Committee on Finance.,Senate,"Sen. Daschle, Thomas A. [D-SD]",SD,D,D000064,0,Imposes a one-year delay in the imposition of certain penalties under the Internal Revenue Code for failure to make specified business tax payments by electronic fund transfer.,2025-01-14T18:59:41Z,https://www.congress.gov/bill/104th-congress/senate-bill/2109 104-s-2110,104,s,2110,A bill to amend the Internal Revenue Code of 1986 to provide special rules for certain gratuitous transfers of employer securities for the benefit of employees.,Taxation,1996-09-24,1996-09-24,Read twice and referred to the Committee on Finance.,Senate,"Sen. Daschle, Thomas A. [D-SD]",SD,D,D000064,0,Amends the Internal Revenue Code regarding estates and trusts to provide rules for the gratuitous transfer of qualified employer securities to an employee stock ownership plan from charitable remainder trusts.,2025-01-14T18:59:41Z,https://www.congress.gov/bill/104th-congress/senate-bill/2110 104-hr-4124,104,hr,4124,To amend the Internal Revenue Code of 1986 to provide that the denial of deduction for excessive employee compensation shall apply to all employees and to expand the types of compensation to which such denial applies.,Taxation,1996-09-19,1996-09-19,Referred to the House Committee on Ways and Means.,House,"Rep. Klink, Ron [D-PA-4]",PA,D,K000270,13,Amends the Internal Revenue Code to: (1) apply the excessive compensation deduction denial to all employees; and (2) expand the types of compensation to which such denial applies.,2024-02-07T16:32:33Z,https://www.congress.gov/bill/104th-congress/house-bill/4124 104-hr-4106,104,hr,4106,Intercity Passenger Rail Trust Fund Act of 1996,Taxation,1996-09-18,1996-09-30,Referred to the Subcommittee on Railroads.,House,"Rep. Johnson, Nancy L. [R-CT-6]",CT,R,J000163,7,Intercity Passenger Rail Trust Fund Act of 1996 - Amends the Internal Revenue Code to establish in the Treasury the Intercity Passenger Rail Trust Fund which shall finance qualified intercity passenger rail service expenses of: (1) the National Railroad Passenger Corporation; and (2) eligible States. Transfers to the Fund a specified percentage of the general revenue portion of the highway motor fuel taxes.,2025-08-21T20:16:22Z,https://www.congress.gov/bill/104th-congress/house-bill/4106 104-hr-4110,104,hr,4110,Children Health Insurance Act of 1996,Taxation,1996-09-18,1996-09-18,Referred to the House Committee on Ways and Means.,House,"Rep. Stark, Fortney Pete [D-CA-13]",CA,D,S000810,0,"Children Health Insurance Act of 1996 - Amends the Internal Revenue Code, as amended by the Health Insurance Portability and Accountability Act of 1996, to: (1) require group health plans and health insurers to provide access to coverage for a participant's or beneficiary's qualifying children; and (2) impose a noncompliance excise tax. Amends the Code to provide a tax credit for an individual who purchases child health care coverage.",2025-08-21T20:16:58Z,https://www.congress.gov/bill/104th-congress/house-bill/4110 104-s-2088,104,s,2088,Child Care Infrastructure Act of 1996,Taxation,1996-09-18,1996-09-18,Read twice and referred to the Committee on Finance.,Senate,"Sen. Kohl, Herb [D-WI]",WI,D,K000305,0,"Child Care Infrastructure Act of 1996 - Amends the Internal Revenue Code to allow an employer-provided child care credit for qualified expenses to build, rehabilitate, or expand a qualified child care facility, or subsidize or contract for such services, for an employer's employees. Terminates such credit by a specified date.",2025-08-21T20:16:13Z,https://www.congress.gov/bill/104th-congress/senate-bill/2088 104-hr-4090,104,hr,4090,To amend the Internal Revenue Code of 1986 to clarify the application of the retail tax on heavy trucks and trailers.,Taxation,1996-09-17,1996-09-17,Referred to the House Committee on Ways and Means.,House,"Rep. English, Phil [R-PA-21]",PA,R,E000187,3,"Amends the Internal Revenue Code with respect to the retail tax on heavy (in excess of 33,000 pounds) trucks and trailers to: (1) exempt tractors not suitable for such vehicles: (2) treat certain repairs or modifications as non-manufacture; and (3) provide for a specified tire tax credit.",2024-02-07T16:32:33Z,https://www.congress.gov/bill/104th-congress/house-bill/4090 104-hr-4099,104,hr,4099,To amend the Internal Revenue Code of 1986 to modify the application of the pension nondiscrimination rules to governmental plans.,Taxation,1996-09-17,1996-09-17,Referred to the House Committee on Ways and Means.,House,"Rep. Portman, Rob [R-OH-2]",OH,R,P000449,5,Amends the Internal Revenue Code to exempt governmental pension plans from nondiscrimination and minimum participation rules.,2024-02-07T16:32:33Z,https://www.congress.gov/bill/104th-congress/house-bill/4099 104-s-2086,104,s,2086,International Tax Simplification for American Competitiveness Act,Taxation,1996-09-17,1996-09-17,Read twice and referred to the Committee on Finance.,Senate,"Sen. Pressler, Larry [R-SD]",SD,R,P000513,10,"TABLE OF CONTENTS: Title I: Treatment of Passive Foreign Investment Companies Title II: Treatment of Controlled Foreign Corporations Title III: Other Provisions International Tax Simplification for American Competitiveness Act - Title I: Treatment of Passive Foreign Investment Companies - Amends the Internal Revenue Code to exempt U.S. shareholders of a controlled foreign corporation from passive foreign investment company (PFIC) inclusion. (Sec. 102) Allows a U.S shareholder of a PFIC to elect to include the difference between such stock's fair market value and adjusted basis as income, or the difference between adjusted basis and fair market value or unreversed inclusions as a deduction. (Sec. 103) Modifies the definition of ""passive income"" and the asset valuation test. Title II: Treatment of Controlled Foreign Corporations - Amends the Code to treat as dividends the gain on certain stock sales by controlled foreign corporations. (Sec. 203) Revises specified indirect (deemed taxes paid) foreign tax credit provisions. (Sec. 204) Excludes certain active finance-related income from inclusion as foreign personal holding company income. (Sec. 205) Repeals the separate foreign tax credit limitation (separate basket rule) for certain noncontrolled U.S.-foreign corporations. Applies ""look-thru"" rules to such entities. (Sec. 206) Treats European Union countries as a single country for certain controlled foreign corporation income purposes. (Sec. 209) Allows affiliated foreign insurance companies to offset losses. Title III: Other Provisions - Amends the Code with respect to certain foreign tax credit determinations to provide that accrued taxes shall be translated into dollars by using the average exchange rate for the year to which such taxes relate. (Sec. 302) Allows a taxpayer to elect a specified alternative minimum foreign tax credit limitation. (Sec. 303) Provides for recognition of taxable gain with respect to certain property transfers by a U.S. person to a foreign corporation. (Sec. 306) Applies uniform capitalization rules to foreign taxpayers with respect to income connected with the conduct of a U.S. trade or business. (Sec. 307) Extends the excess foreign tax carryover or carryback period. (Sec. 308) Provides for recharacterization of overall domestic loss by treating certain U.S. source income as non-U.S. source income. (Sec. 309) Treats as non-U.S. source income compensation earned by nonresident alien aircraft or vessel crew members for services in the United States. (Sec. 310) Includes computer software within the category of foreign sales corporation (FSC) property. (Sec. 311) Provides special rules with respect to financial services income and interest. (Sec. 312) Excludes from consideration as U.S. property certain assets acquired by securities or commodities dealers.",2025-08-21T20:16:04Z,https://www.congress.gov/bill/104th-congress/senate-bill/2086 104-s-2072,104,s,2072,A bill to amend the Internal Revenue Code of 1986 to eliminate the requirement that States pay unemployment compensation on the basis of services performed by election workers.,Taxation,1996-09-13,1996-09-13,Read twice and referred to the Committee on Finance.,Senate,"Sen. Grams, Rod [R-MN]",MN,R,G000367,0,Amends the Internal Revenue Code to exempt States from the current requirement of paying unemployment compensation to an election worker if the amount of remuneration reasonably expected to be received by such worker for services as an election worker is less than a specified amount.,2025-01-14T18:59:41Z,https://www.congress.gov/bill/104th-congress/senate-bill/2072 104-s-2074,104,s,2074,Estate and Gift Taxes Repeal Act of 1996,Taxation,1996-09-13,1996-09-13,Read twice and referred to the Committee on Finance.,Senate,"Sen. Thurmond, Strom [R-SC]",SC,R,T000254,0,"Estate and Gift Taxes Repeal Act of 1996 - Amends the Internal Revenue Code to repeal the estate tax, gift tax, and tax on generation-skipping transfers.",2025-08-21T20:15:24Z,https://www.congress.gov/bill/104th-congress/senate-bill/2074 104-hr-4072,104,hr,4072,To amend the Internal Revenue Code of 1986 to provide that the alternative minimum tax shall not apply to installment sales of farm property.,Taxation,1996-09-12,1996-09-12,Referred to the House Committee on Ways and Means.,House,"Rep. Nethercutt, George R., Jr. [R-WA-5]",WA,R,N000051,15,Amends the Internal Revenue Code to make the alternative minimum tax inapplicable to specified farm property installment sales.,2024-02-07T16:32:33Z,https://www.congress.gov/bill/104th-congress/house-bill/4072 104-hr-4050,104,hr,4050,Revenue Restructuring Act of 1996,Taxation,1996-09-11,1996-09-11,Referred to the House Committee on Ways and Means.,House,"Rep. Gibbons, Sam [D-FL-11]",FL,D,G000153,0,"TABLE OF CONTENTS: Title I: Repeal of Individual and Corporate Income Taxes and Social Security and Medicare Taxes Title II: Value Added Tax Title III: Burden Adjustments Revenue Restructuring Act of 1996 - Title I: Repeal of Individual and Corporate Income Taxes and Social Security and Medicare Taxes - Amends the Internal Revenue Code to repeal the individual, corporate, social security and tier I railroad retirement, and Medicare taxes. Title II: Value Added Tax - Amends the Code to establish a 20 percent value added tax on business activity. Sets forth provisions regarding: (1) tax computation; (2) administration and operating rules; (3) small business tax exemption; and (4) definitions. Title III: Burden Adjustments - Amends the Code to provide for value added tax burden adjustments consisting of specified rebates for low-income individuals and tax increases for high-income individuals.",2025-08-21T20:14:59Z,https://www.congress.gov/bill/104th-congress/house-bill/4050 104-hr-3955,104,hr,3955,To amend the Internal Revenue Code of 1986 to allow a refundable credit to businesses which recycle office wastes.,Taxation,1996-08-02,1996-08-02,Referred to the House Committee on Ways and Means.,House,"Rep. Fox, Jon D. [R-PA-13]",PA,R,F000332,0,Amends the Internal Revenue Code to allow a tax credit for recycling specified office waste.,2025-01-02T17:39:17Z,https://www.congress.gov/bill/104th-congress/house-bill/3955 104-hr-3965,104,hr,3965,To amend the Internal Revenue Code of 1986 to increase the amount which may be contributed to defined contribution plan.,Taxation,1996-08-02,1996-08-02,Referred to the House Committee on Ways and Means.,House,"Rep. Leach, James A. [R-IA-1]",IA,R,L000169,0,Amends the Internal Revenue Code to increase permitted contributions to a defined contribution retirement plan.,2025-01-02T17:39:18Z,https://www.congress.gov/bill/104th-congress/house-bill/3965 104-hr-3979,104,hr,3979,To amend the Internal Revenue Code of 1986 to allow a refundable credit for the contribution of books to any library.,Taxation,1996-08-02,1996-08-02,Referred to the House Committee on Ways and Means.,House,"Rep. Fox, Jon D. [R-PA-13]",PA,R,F000332,0,Amends the Internal Revenue Code to permit a refundable tax credit for contributions of books or equipment to a library.,2025-01-02T17:39:16Z,https://www.congress.gov/bill/104th-congress/house-bill/3979 104-hr-3984,104,hr,3984,"Kids, Homes, and Grandparents Act of 1996",Taxation,1996-08-02,1996-08-02,Referred to the House Committee on Ways and Means.,House,"Rep. Hunter, Duncan [R-CA-52]",CA,R,H000981,2,"Kids, Homes, and Grandparents Act of 1996 - Amends the Internal Revenue Code to provide for: (1) a tax credit for each qualifying child; (2) a tax deduction for taxpayers with whom a parent or grandparent resides; (3) a reduction in the capital gains rate applied to qualified principal residence gain; and (4) an indexed basis for primary residences.",2025-08-21T20:14:43Z,https://www.congress.gov/bill/104th-congress/house-bill/3984 104-hr-3997,104,hr,3997,To amend the Internal Revenue Code of 1986 to repeal the 1990 tax increase on beer.,Taxation,1996-08-02,1996-08-02,Referred to the House Committee on Ways and Means.,House,"Rep. Neal, Richard E. [D-MA-2]",MA,D,N000015,1,Amends the Internal Revenue Code to reduce the rate of tax on beer.,2025-01-02T17:39:17Z,https://www.congress.gov/bill/104th-congress/house-bill/3997 104-hr-4004,104,hr,4004,401(k) Protection Act of 1996,Taxation,1996-08-02,1996-08-02,Referred to the House Committee on Ways and Means.,House,"Rep. Schumer, Charles E. [D-NY-9]",NY,D,S000148,0,"401(k) Protection Act of 1996 - Amends the Internal Revenue Code with respect to qualified employer plans to: (1) prohibit loans made through credit cards or other intermediaries; and (2) treat loans as distributions unless used to purchase a first-time home, pay higher education or financially devastating medical costs, or used during periods of unemployment.",2025-08-21T20:14:28Z,https://www.congress.gov/bill/104th-congress/house-bill/4004 104-s-2027,104,s,2027,"A bill to provide for a 5-year extension of Hazardous Substance Superfund, and for other purposes.",Taxation,1996-08-02,1996-08-02,Read twice and referred to the Committee on Finance.,Senate,"Sen. Lautenberg, Frank R. [D-NJ]",NJ,D,L000123,0,"Amends the Internal Revenue Code, with respect to the Hazardous Substance Superfund (the Fund), to extend the following for five years: (1) the environmental income tax imposed upon corporations; (2) the application of the Fund financing rate (of petroleum excise tax); (3) authority to make repayable advances to the Fund; and (4) the authorization of appropriations to the Fund. Increases from $11.97 billion to $22 billion the limitation on Fund taxes that may be collected.",2025-04-07T15:23:12Z,https://www.congress.gov/bill/104th-congress/senate-bill/2027 104-s-2035,104,s,2035,Growing the Economy for Tomorrow: Assuring Higher Education is Affordable and Dependable Act,Taxation,1996-08-02,1996-08-02,Read twice and referred to the Committee on Finance.,Senate,"Sen. Biden, Joseph R., Jr. [D-DE]",DE,D,B000444,0,"TABLE OF CONTENTS: Title I: Tax Incentives for Higher Education Subtitle A: Tax Relief for Higher Education Costs Subtitle B: Encouraging Savings for Higher Education Costs Title II: Scholarships for Academic Achievement Title III: Deficit Neutrality Growing the Economy for Tomorrow: Assuring Higher Education is Affordable and Dependable Act - Title I: Tax Incentives for Higher Education - Subtitle A: Tax Relief for Higher Education Costs - Amends the Internal Revenue Code to provide income tax deductions for qualified higher education expenses and student loan interest. (Sec. 102) Excludes from income qualified scholarships and fellowships, including Federal tuition grants requiring future Federal service. (Sec. 103) Makes the educational assistance income exclusion permanent. Subtitle B: Encouraging Savings for Higher Education Costs - Amends the Code to permit distributions from certain retirement and pension plans to be used without penalty for higher education expenses. (Sec. 112) Provides for (deductible and nondeductible) education savings accounts. (Sec. 113) Increases educational savings bond income limits. (Sec. 114) Exempts State prepaid tuition plans from taxation (but not from tax on unrelated business income). Defers taxation on purchasers and beneficiaries until receipt. Title II: Scholarships for Academic Achievement - Authorizes the Secretary of Education to award scholarships to secondary school students graduating in the top five percent of their class, subject to family income limits. Authorizes appropriations. Title III: Deficit Neutrality - Expresses the sense of the Senate that: (1) this Act will be deficit neutral; and (2) costs should be paid by closing corporate loopholes.",2025-08-21T20:16:01Z,https://www.congress.gov/bill/104th-congress/senate-bill/2035 104-s-2046,104,s,2046,"A bill to amend section 29 of the Internal Revenue Code of 1986 to allow a credit for qualified fuels produced from wells drilled during 1997, and for other purposes.",Taxation,1996-08-02,1996-08-02,Read twice and referred to the Committee on Finance.,Senate,"Sen. Rockefeller, John D., IV [D-WV]",WV,D,R000361,0,"Amends the Internal Revenue Code to allow a fuel production tax credit for certain amounts of small-well produced gas, or of oil produced from the Bakken shale formation.",2025-01-14T18:59:41Z,https://www.congress.gov/bill/104th-congress/senate-bill/2046 104-s-2047,104,s,2047,A bill to amend the Internal Revenue Code of 1986 to modify the application of the pension nondiscrimination rules to governmental plans.,Taxation,1996-08-02,1996-08-02,Read twice and referred to the Committee on Finance.,Senate,"Sen. Hatch, Orrin G. [R-UT]",UT,R,H000338,7,Amends the Internal Revenue Code to exempt governmental pension plans from nondiscrimination and minimum participation rules.,2025-01-14T18:59:41Z,https://www.congress.gov/bill/104th-congress/senate-bill/2047 104-hr-3943,104,hr,3943,"To amend the Internal Revenue Code of 1986 to replace the current earned income credit and the personal exemption for children with a refundable credit for families and a refundable credit for each child, and for other purposes.",Taxation,1996-08-01,1996-08-01,Referred to the House Committee on Ways and Means.,House,"Rep. Petri, Thomas E. [R-WI-6]",WI,R,P000265,0,Amends the Internal Revenue Code to replace the existing earned income credit and personal exemption for children with a refundable family credit and a refundable credit for each child under 18 years old.,2025-01-02T17:39:17Z,https://www.congress.gov/bill/104th-congress/house-bill/3943 104-hr-3889,104,hr,3889,To amend the Internal Revenue Code of 1986 to reduce the taxes on wine to their pre-1991 rates.,Taxation,1996-07-24,1996-07-24,Referred to the House Committee on Ways and Means.,House,"Rep. Riggs, Frank [R-CA-1]",CA,R,R000252,8,Amends the Internal Revenue Code to: (1) reduce the tax rate on wine (other than champagne and sparkling wine); and (2) repeal the credit for small domestic wine producers.,2025-01-02T17:39:18Z,https://www.congress.gov/bill/104th-congress/house-bill/3889 104-s-1988,104,s,1988,District of Columbia Economic Recovery Act,Taxation,1996-07-24,1996-07-24,Read twice and referred to the Committee on Finance.,Senate,"Sen. Mack, Connie, III [R-FL]",FL,R,M000019,5,"District of Columbia Economic Recovery Act - Amends the Internal Revenue Code to allow residents of the District of Columbia to elect to limit their net income tax to the sum of: (1) 15 percent of so much District-sourced income as exceeds the exemption amount; and (2) the average rate of the non-District-sourced adjusted gross income. Excludes from gross income the capital gain on a District asset held over three years, but excludes only 50 percent of the capital gain on residential rental property held by non-District residents over three years. Allows a taxpayer to elect to treat any qualified environmental remediation expenditure involving a District site as an expense that is not chargeable to capital account. Allows a deduction for any expenditure so treated. Allows a first-time home buyer of a principal residence in the District a credit of up to $5,000.",2025-08-21T20:14:46Z,https://www.congress.gov/bill/104th-congress/senate-bill/1988 104-hr-3836,104,hr,3836,Tax Incentives for Family-Friendly Workplaces Act of 1996,Taxation,1996-07-17,1996-07-17,Referred to the House Committee on Ways and Means.,House,"Rep. Roybal-Allard, Lucille [D-CA-33]",CA,D,R000486,2,Tax Incentives for Family-Friendly Workplaces Act of 1996 - Amends the Internal Revenue Code to allow a small business family and medical leave credit and a credit for wages paid to employees who are permitted to shift employment hours or to work at home in order to reduce child care needs.,2025-08-21T20:17:14Z,https://www.congress.gov/bill/104th-congress/house-bill/3836 104-hr-3842,104,hr,3842,To amend the Internal Revenue Code of 1986 to provide an exemption from income taxation for qualified State tuition programs.,Taxation,1996-07-17,1996-07-17,Referred to the House Committee on Ways and Means.,House,"Rep. Thurman, Karen L. [D-FL-5]",FL,D,T000253,59,Amends the Internal Revenue Code to exempt from taxation a qualified State tuition program. Defines such a program.,2025-01-02T17:39:01Z,https://www.congress.gov/bill/104th-congress/house-bill/3842 104-s-1967,104,s,1967,"A bill to provide that members of the Armed Forces who performed services for the peacekeeping efforts in Somalia shall be entitled to tax benefits in the same manner as if such services were performed in a combat zone, and for other purposes.",Taxation,1996-07-17,1996-07-17,Read twice and referred to the Committee on Finance.,Senate,"Sen. Brown, Hank [R-CO]",CO,R,B000919,13,"Treats Somalia as a ""hazardous duty area"" to entitle U.S. military personnel who performed U.S. peacekeeping services in Somalia between December 2, 1992, and April 1, 1994, to the same tax benefits under the Internal Revenue Code that are provided to U.S. military personnel serving in an area designated by the President as a combat zone.",2025-01-14T18:59:41Z,https://www.congress.gov/bill/104th-congress/senate-bill/1967 104-hr-3817,104,hr,3817,To amend the Internal Revenue Code of 1986 to reduce the tax on beer to its pre-1991 level.,Taxation,1996-07-16,1996-08-01,Sponsor introductory remarks on measure. (CR H9825-9831),House,"Rep. English, Phil [R-PA-21]",PA,R,E000187,26,Amends the Internal Revenue Code to reduce the tax rate on beer.,2025-04-07T15:26:41Z,https://www.congress.gov/bill/104th-congress/house-bill/3817 104-hr-3801,104,hr,3801,Taxpayer Bond Fairness Act of 1996,Taxation,1996-07-12,1996-07-12,Referred to the House Committee on Ways and Means.,House,"Rep. Kleczka, Gerald D. [D-WI-4]",WI,D,K000259,1,Taxpayer Bond Fairness Act of 1996 - Amends the Internal Revenue Code to: (1) treat recreational fitness services provided by tax-exempt hospitals to non-staff or in non-therapy circumstances as an unrelated trade or business; and (2) deny tax-exempt bond financing for issues used to provide facilities for such services.,2025-08-21T20:14:45Z,https://www.congress.gov/bill/104th-congress/house-bill/3801 104-hr-3807,104,hr,3807,To amend the Internal Revenue Code of 1986 to allow penalty-free withdrawals from certain retirement plans during periods of unemployment.,Taxation,1996-07-12,1996-07-12,Referred to the House Committee on Ways and Means.,House,"Rep. McDermott, Jim [D-WA-7]",WA,D,M000404,21,Amends the Internal Revenue Code to exempt from the additional tax on early distribution from retirement plans distributions to individuals during periods of unemployment.,2025-01-02T17:39:01Z,https://www.congress.gov/bill/104th-congress/house-bill/3807 104-hr-3783,104,hr,3783,To amend the Internal Revenue Code of 1986 to allow farmers to income average over 2 years.,Taxation,1996-07-11,1996-07-11,Referred to the House Committee on Ways and Means.,House,"Rep. Smith, Nick [R-MI-7]",MI,R,S000597,71,Amends the Internal Revenue Code to temporarily permit two-year averaging of farm income.,2025-01-02T17:39:00Z,https://www.congress.gov/bill/104th-congress/house-bill/3783 104-s-1942,104,s,1942,Investment Competitiveness Act of 1996,Taxation,1996-07-10,1996-07-10,Read twice and referred to the Committee on Finance.,Senate,"Sen. Baucus, Max [D-MT]",MT,D,B000243,2,Investment Competitiveness Act of 1996 - Amends the Internal Revenue Code to exempt interest-related dividends received from a regulated investment company from the 30 percent tax on the income of nonresident aliens and foreign corporations not connected with U.S. business. Provides exceptions. Provides for determining: (1) taxable-interest dividends; and (2) taxable estate stock of nonresident non-citizens in regulated investment companies. Applies the special rules for real estate investment trusts on the disposition of investment in U.S. real property to regulated investment companies.,2025-08-21T20:14:56Z,https://www.congress.gov/bill/104th-congress/senate-bill/1942 104-s-1927,104,s,1927,"A bill to prohibit 401(k) plans from investing in collectibles and to require certain 401(k) plans to provide to participants annual, detailed reports on the investments made by such plans.",Taxation,1996-06-28,1996-06-28,Read twice and referred to the Committee on Finance.,Senate,"Sen. Boxer, Barbara [D-CA]",CA,D,B000711,0,"Amends the Internal Revenue Code to: (1) prohibit 401(k) plans from investing in collectibles; and (2) require such plans to provide annual, detailed investment reports to participants.",2025-04-07T15:23:10Z,https://www.congress.gov/bill/104th-congress/senate-bill/1927 104-s-1928,104,s,1928,"A bill to amend the Internal Revenue Code of 1986 to eliminate tax incentives for exporting jobs outside of the United States, and for other purposes.",Taxation,1996-06-28,1996-06-28,Read twice and referred to the Committee on Finance.,Senate,"Sen. Levin, Carl [D-MI]",MI,D,L000261,1,"Amends the Internal Revenue Code to prohibit, as specified, a deduction for amounts paid or incurred for the costs of transporting tangible property outside the United States if such transporting results in a reduction by the taxpayer of production or operations in the United States.",2025-01-14T18:59:41Z,https://www.congress.gov/bill/104th-congress/senate-bill/1928 104-hr-3737,104,hr,3737,"To amend the Internal Revenue Code of 1986 to clarify the treatment of educational grants by private foundations, and for other purposes.",Taxation,1996-06-27,1996-06-27,Referred to the House Committee on Ways and Means.,House,"Rep. Bryant, Ed [R-TN-7]",TN,R,B000996,9,Amends the Internal Revenue Code to exempt a private foundation making an employer-related grant from the excise tax on taxable expenditures when an individual scholarship or fellowship grant made by such a foundation is made on an objective and nondiscriminatory basis and is made pursuant to a qualified employer-related grant program.,2025-01-02T17:39:03Z,https://www.congress.gov/bill/104th-congress/house-bill/3737 104-hr-3747,104,hr,3747,To amend the Internal Revenue Code of 1986 to encourage economic development through the creation of additional empowerment zones and enterprise communities and to encourage the cleanup of contaminated brownfield sites.,Taxation,1996-06-27,1996-06-27,Referred to the House Committee on Ways and Means.,House,"Rep. Rangel, Charles B. [D-NY-15]",NY,D,R000053,25,"TABLE OF CONTENTS: Title I: Additional Empowerment Zones Title II: New Empowerment Zones and Enterprise Communities Title III: Expensing of Environmental Remediation Costs Title I: Additional Empowerment Zones - Amends the Internal Revenue Code to increase from: (1) 9 to 11 the number of areas which may be designated as empowerment zones; (2) six to eight the number of such zones which may be in urban areas; and (3) 750,000 to 1,000,000 the aggregate population allowable in all urban area zones. Title II: New Empowerment Zones and Enterprise Communities - Permits, before January 1, 1998, the designation, in the aggregate of an additional: (1) 80 nominated areas as enterprise communities; and (2) 20 nominated areas as empowerment zones, subject to availability of eligible nominated areas. Modifies eligibility criteria. Prohibits: (1) applying the employment credit to the new empowerment zones; and (2) in certain developable sites, application of increased expensing provisions for certain depreciable business assets. Modifies provisions concerning: (1) enterprise facility zone bonds; and (2) the enterprise zone business definition. Title III: Expensing of Environmental Remediation Costs - Permits a taxpayer to expense any defined qualified environmental remediation expenditure which is not chargeable to capital account.",2025-01-02T17:39:03Z,https://www.congress.gov/bill/104th-congress/house-bill/3747 104-hr-3749,104,hr,3749,To amend the Internal Revenue Code of 1986 with respect to the treatment of crops destroyed by casualty.,Taxation,1996-06-27,1996-07-31,Sponsor introductory remarks on measure. (CR E1419),House,"Rep. Thomas, William M. [R-CA-21]",CA,R,T000188,3,"Amends the Internal Revenue Code to allow the deduction as capital expenditures of the following costs incurred for replanting edible crops for human consumption which were lost by reason of freezing temperatures, disease, drought, pests, or casualty: (1) replanting costs; (2) 80 percent of the special replanting costs of such replanting; (3) the removal of lost plants; and (4) and preproductive costs.",2025-01-02T17:39:03Z,https://www.congress.gov/bill/104th-congress/house-bill/3749 104-s-1911,104,s,1911,A bill to amend the Internal Revenue Code of 1986 to encourage economic development through the creation of additional empowerment zones and enterprise communities and to encourage the cleanup of contaminated brownfield sites.,Taxation,1996-06-27,1996-06-27,Read twice and referred to the Committee on Finance.,Senate,"Sen. Moseley-Braun, Carol [D-IL]",IL,D,M001025,4,"TABLE OF CONTENTS: Title I: Additional Empowerment Zones Title II: New Empowerment Zones and Enterprise Communities Title III: Expensing of Environmental Remediation Costs Title I: Additional Empowerment Zones - Amends the Internal Revenue Code to increase from: (1) 9 to 11 the number of areas which may be designated as empowerment zones; (2) six to eight the number of such zones which may be in urban areas; and (3) 750,000 to 1,000,000 the aggregate population allowable in all urban area zones. Title II: New Empowerment Zones and Enterprise Communities - Permits, before January 1, 1998, the designation, in the aggregate of an additional: (1) 80 nominated areas as enterprise communities; and (2) 20 nominated areas as empowerment zones, subject to availability of eligible nominated areas. Modifies eligibility criteria. Prohibits: (1) applying the employment credit to the new empowerment zones; and (2) in certain developable sites, application of increased expensing provisions for certain depreciable business assets. Modifies provisions concerning: (1) enterprise facility zone bonds; and (2) the enterprise zone business definition. Title III: Expensing of Environmental Remediation Costs - Permits a taxpayer to expense any defined qualified environmental remediation expenditure which is not chargeable to capital account.",2025-01-14T18:59:41Z,https://www.congress.gov/bill/104th-congress/senate-bill/1911 104-s-1914,104,s,1914,A bill to amend the Internal Revenue Code of 1986 to clarify the treatment of research related to an existing business component.,Taxation,1996-06-27,1996-06-27,Read twice and referred to the Committee on Finance.,Senate,"Sen. Hatch, Orrin G. [R-UT]",UT,R,H000338,0,Amends the Internal Revenue Code to make certain research on existing business components eligible for the research credit.,2025-01-14T18:59:41Z,https://www.congress.gov/bill/104th-congress/senate-bill/1914 104-hr-3703,104,hr,3703,"To amend the Internal Revenue Code of 1986 to provide the same insurance reserve treatment to financial guaranty insurance as applies to mortgage guaranty insurance, lease guaranty insurance, and tax-exempt bond insurance.",Taxation,1996-06-24,1996-07-11,Sponsor introductory remarks on measure. (CR E1254-1255),House,"Rep. Rangel, Charles B. [D-NY-15]",NY,D,R000053,0,"Amends the Internal Revenue Code provisions relating to an insurance company taxable income special deduction and income account to apply to companies that write financial guarantee insurance certain rules currently applied to companies that write mortgage guaranty insurance, lease guaranty insurance, or insurance on obligations the interest on which is excludable from gross income under specified provisions.",2025-01-02T17:38:49Z,https://www.congress.gov/bill/104th-congress/house-bill/3703 104-hr-3693,104,hr,3693,To amend the Internal Revenue Code of 1986 to allow a capital loss deduction with respect to the sale or exchange of a principal residence.,Taxation,1996-06-20,1996-06-20,Referred to the House Committee on Ways and Means.,House,"Rep. Lowey, Nita M. [D-NY-18]",NY,D,L000480,14,Allows an individual to deduct losses arising from the sale or exchange of the taxpayer's principal residence.,2025-01-02T17:38:49Z,https://www.congress.gov/bill/104th-congress/house-bill/3693 104-s-1895,104,s,1895,A bill to amend the Internal Revenue Code of 1986 to allow certain cash rent farm landlords to deduct soil and water conservation expenditures.,Taxation,1996-06-20,1996-06-20,Read twice and referred to the Committee on Finance.,Senate,"Sen. Grassley, Chuck [R-IA]",IA,R,G000386,0,Amends the Internal Revenue Code to allow certain cash rent farm landlords to deduct soil and water conservation expenditures.,2025-01-14T18:59:41Z,https://www.congress.gov/bill/104th-congress/senate-bill/1895 104-hr-3677,104,hr,3677,To amend the Internal Revenue Code of 1986 relating to the unemployment tax for individuals employed in the entertainment industry.,Taxation,1996-06-19,1996-06-19,Referred to the House Committee on Ways and Means.,House,"Rep. English, Phil [R-PA-21]",PA,R,E000187,11,Amends the Internal Revenue Code to exempt specified entertainment industry pension plan recipients from certain reductions in unemployment compensation payable which would otherwise be applicable because of the receipt of pension benefits.,2025-01-02T17:38:49Z,https://www.congress.gov/bill/104th-congress/house-bill/3677 104-s-1886,104,s,1886,"A bill to amend the Internal Revenue Code of 1986 to clarify the treatment of educational grants by private foundations, and for other purposes.",Taxation,1996-06-19,1996-06-19,Read twice and referred to the Committee on Finance.,Senate,"Sen. Frist, William H. [R-TN]",TN,R,F000439,1,Amends the Internal Revenue Code to exempt a private foundation making an employer-related grant from the excise tax on taxable expenditures when an individual scholarship or fellowship grant made by such a foundation is made on an objective and nondiscriminatory basis and is made pursuant to a qualified employer-related grant program.,2025-04-07T15:26:34Z,https://www.congress.gov/bill/104th-congress/senate-bill/1886 104-hr-3667,104,hr,3667,To amend the Internal Revenue Code of 1986 to exclude tips from gross income.,Taxation,1996-06-18,1996-06-18,Referred to the House Committee on Ways and Means.,House,"Rep. Crane, Philip M. [R-IL-8]",IL,R,C000873,0,Amends the Internal Revenue Code to exclude tips from gross income.,2025-01-02T17:38:49Z,https://www.congress.gov/bill/104th-congress/house-bill/3667 104-s-1879,104,s,1879,Section 501(c)(3) Nonprofit Organizations Tax-Exempt Bond Reform Act of 1996,Taxation,1996-06-14,1996-06-27,Sponsor introductory remarks on measure. (CR S7205-7206),Senate,"Sen. Moynihan, Daniel Patrick [D-NY]",NY,D,M001054,2,Section 501(c)(3) Nonprofit Organizations Tax-Exempt Bond Reform Act of 1996 - Amends the Internal Revenue Code to provide for the tax treatment of bonds of certain nonprofit tax-exempt organizations in a manner similar to governmental bonds.,2025-08-21T20:14:30Z,https://www.congress.gov/bill/104th-congress/senate-bill/1879 104-s-1880,104,s,1880,Stop Tax-Exempt Arena Debt Issuance Act,Taxation,1996-06-14,1996-06-27,Sponsor introductory remarks on measure. (CR S7205-7206),Senate,"Sen. Moynihan, Daniel Patrick [D-NY]",NY,D,M001054,0,Stop Tax-Exempt Arena Debt Issuance Act - Amends the Internal Revenue Code to treat certain bonds used directly or indirectly for financing professional sports facilities as private activity bonds and not as qualified bonds.,2025-08-21T20:15:16Z,https://www.congress.gov/bill/104th-congress/senate-bill/1880 104-hr-3624,104,hr,3624,"To amend the Internal Revenue Code of 1986 to establish, and provide a checkoff for, a Biomedical Research Fund, and for other purposes.",Taxation,1996-06-12,1996-06-21,"Referred to the Subcommittee on Health and Environment, for a period to be subsequently determined by the Chairman.",House,"Rep. Forbes, Michael P. [R-NY-1]",NY,R,F000257,0,"Amends the Internal Revenue Code to allow every individual (other than a nonresident alien) whose adjusted income tax liability for the taxable year is $5 or more, to designate that $5 be paid over to the Biomedical Research Fund. Establishes in the Treasury the Biomedical Research Fund.",2025-01-02T17:38:48Z,https://www.congress.gov/bill/104th-congress/house-bill/3624 104-hr-3605,104,hr,3605,To amend the Internal Revenue Code of 1986 to clarify the exemption from tax for State funds providing coverage for losses on property arising from earthquakes.,Taxation,1996-06-10,1996-06-10,Referred to the House Committee on Ways and Means.,House,"Rep. Lewis, Jerry [R-CA-40]",CA,R,L000274,38,Amends the Internal Revenue Code to exempt from tax certain State organizations or funds providing coverage for losses on property arising from earthquakes.,2025-01-02T17:38:48Z,https://www.congress.gov/bill/104th-congress/house-bill/3605 104-s-1848,104,s,1848,Clean-Fuel Vehicle Act of 1996,Taxation,1996-06-06,1996-06-06,Read twice and referred to the Committee on Finance.,Senate,"Sen. Boxer, Barbara [D-CA]",CA,D,B000711,4,Clean-Fuel Vehicle Act of 1996 - Amends the Internal Revenue Code to revise the tax treatment for electric and other clean-fuel motor vehicles.,2025-08-21T20:15:23Z,https://www.congress.gov/bill/104th-congress/senate-bill/1848 104-hr-3584,104,hr,3584,Workplace Violence Prevention Tax Credit Act of 1996,Taxation,1996-06-05,1996-06-05,Referred to the House Committee on Ways and Means.,House,"Rep. Lowey, Nita M. [D-NY-18]",NY,D,L000480,9,Workplace Violence Prevention Tax Credit Act of 1996 - Amends the Internal Revenue Code to allow a workplace safety program credit to an employer for 40 percent of the safety and education costs paid or incurred by such employer to implement workplace safety programs to combat violence against women.,2025-08-21T20:14:21Z,https://www.congress.gov/bill/104th-congress/house-bill/3584 104-hr-3570,104,hr,3570,Homeowners Relief Act of 1996,Taxation,1996-06-04,1996-06-04,Referred to the House Committee on Ways and Means.,House,"Rep. Kelly, Sue W. [R-NY-19]",NY,R,K000078,0,"Homeowners Relief Act of 1996 - Amends the Internal Revenue Code to exclude gain from the sale or exchange of a principal residence by an individual from gross income if, during the seven-year period ending before the sale or exchange, such residence has been owned and used by the taxpayer as the taxpayer's principal residence for periods aggregating five years or more. (Currently, the exclusion has a dollar limitation, is applicable to only one sale, and is available only to an individual who has attained the age of 55 and has used the property as a principal residence for three of the five years preceding the sale.)",2025-08-21T20:16:30Z,https://www.congress.gov/bill/104th-congress/house-bill/3570 104-hr-3559,104,hr,3559,To amend the Internal Revenue Code of 1986 to provide a deduction for a portion of the fiscal year 1996 transitional payment under the Agricultural Market Transition Act which is deposited into a reserve against future farm losses.,Taxation,1996-05-30,1996-05-30,Referred to the House Committee on Ways and Means.,House,"Rep. Nethercutt, George R., Jr. [R-WA-5]",WA,R,N000051,10,"Amends the Internal Revenue Code to allow, at the election of the taxpayer, a deduction for the taxable year in which the taxpayer receives the first-year agricultural market transition payment equal to the amount paid by the taxpayer during such taxable year to the Agricultural Market Transition Reserve of the taxpayer. Limits the amount which may be paid into the Reserve. Makes amounts distributed includible in gross income.",2025-04-07T15:29:50Z,https://www.congress.gov/bill/104th-congress/house-bill/3559 104-hr-3550,104,hr,3550,To amend the Internal Revenue Code of 1986 to exclude from gross income the gain realized from the sale or exchange of a capital asset used to generate self-employment income if the entire amount of such gain is deposited in an individual retirement account.,Taxation,1996-05-29,1996-05-29,Referred to the House Committee on Ways and Means.,House,"Rep. McDade, Joseph M. [R-PA-10]",PA,R,M000399,0,Amends the Internal Revenue Code to: (1) exclude from gross income gain from the sale or exchange of a capital asset used to generate self-employment income if the entire amount of such gain is deposited in an individual retirement account; and (2) increase individual retirement account contribution limitations by any such excluded amount which is contributed to such account.,2025-01-02T17:38:33Z,https://www.congress.gov/bill/104th-congress/house-bill/3550 104-hr-3529,104,hr,3529,Single Parent Protection Act of 1996,Taxation,1996-05-23,1996-05-23,Referred to the House Committee on Ways and Means.,House,"Rep. Lofgren, Zoe [D-CA-16]",CA,D,L000397,0,Single Parent Protection Act of 1996 - Amends the Internal Revenue Code to allow an individual a credit in an amount equal to the unpaid child support of such individual for the taxable year. Requires the taxpayer to identify each individual required to pay support. Increases the tax of the individual failing to make required support payments by the amount of such credit. Prohibits treating any such increase in tax as a tax for purposes of determining a credit or the minimum tax.,2025-08-21T20:15:54Z,https://www.congress.gov/bill/104th-congress/house-bill/3529 104-hr-3530,104,hr,3530,Sexual Harassment Tax Equity Act of 1996,Taxation,1996-05-23,1996-05-23,Referred to the House Committee on Ways and Means.,House,"Rep. Lofgren, Zoe [D-CA-16]",CA,D,L000397,1,Sexual Harassment Tax Equity Act of 1996 - Amends the Internal Revenue Code to allow a deduction for legal expenses of an individual who brings a sexual harassment suit against an employer or former employer. Allows the deduction whether or not the taxpayer itemizes.,2025-08-21T20:16:55Z,https://www.congress.gov/bill/104th-congress/house-bill/3530 104-hr-3503,104,hr,3503,To amend the Internal Revenue Code of 1986 to prevent disqualification of low-income housing units for purposes of the low-income housing credit solely by reason of certain assignments of dependency deductions by full-time student single parents.,Taxation,1996-05-22,1996-05-22,Referred to the House Committee on Ways and Means.,House,"Rep. Ewing, Thomas W. [R-IL-15]",IL,R,E000282,0,Amends the Internal Revenue Code to prevent disqualification of low-income housing units for purposes of the low-income housing credit due to the assignment of dependency deductions by full-time student single parents.,2025-01-02T17:38:36Z,https://www.congress.gov/bill/104th-congress/house-bill/3503 104-s-1792,104,s,1792,"A bill to amend the Internal Revenue Code of 1986 to allow companies to donate scientific equipment to elementary and secondary schools for use in their eduational programs, and for other purposes.",Taxation,1996-05-22,1996-05-22,Read twice and referred to the Committee on Finance.,Senate,"Sen. Boxer, Barbara [D-CA]",CA,D,B000711,1,"Amends the Internal Revenue Code to revise the rules concerning a ""qualified research contribution."" Redefines such term as a ""qualified research or education contribution.""",2025-01-14T18:59:41Z,https://www.congress.gov/bill/104th-congress/senate-bill/1792 104-hr-3498,104,hr,3498,"To amend the Internal Revenue Code of 1986 to allow companies to donate scientific equipment to elementary and secondary schools for use in their educational programs, and for other purposes.",Taxation,1996-05-21,1996-05-22,Sponsor introductory remarks on measure. (CR E858-859),House,"Rep. Eshoo, Anna G. [D-CA-14]",CA,D,E000215,16,"Amends the Internal Revenue Code to revise the rules concerning a ""qualified research contribution."" Redefines such term as a ""qualified research or education contribution."" Expresses the sense of the Congress that one of the main purposes of the revision is to encourage the donation of computer supplies and equipment to underprivileged schools.",2025-04-07T15:28:29Z,https://www.congress.gov/bill/104th-congress/house-bill/3498 104-s-1772,104,s,1772,A bill to amend the Internal Revenue Code of 1986 to clarify that the Secretary of the Treasury shall make certain determinations relating to what gas will be treated as a qualified fuel for purposes of the credit for fuels from nonconventional sources.,Taxation,1996-05-17,1996-05-17,Read twice and referred to the Committee on Finance.,Senate,"Sen. Shelby, Richard C. [R-AL]",AL,R,S000320,0,"Amends the Internal Revenue Code to require, if the Federal Energy Regulatory Commission stops making determinations on whether any gas is produced from geopressured brine, Devonian shale, coal seams, or a tight formation, that the Secretary of the Treasury make that determination.",2025-01-14T18:59:41Z,https://www.congress.gov/bill/104th-congress/senate-bill/1772 104-s-1773,104,s,1773,A bill to amend the Internal Revenue Code of 1986 to make a technical correction in the application of the minimum tax to the nonconventional fuels credit.,Taxation,1996-05-17,1996-05-17,Read twice and referred to the Committee on Finance.,Senate,"Sen. Shelby, Richard C. [R-AL]",AL,R,S000320,0,"Amends the Internal Revenue Code to modify the definition of the corporate adjusted net minimum tax, as affected by provisions regarding the nonconventional fuels credit.",2025-01-14T18:59:41Z,https://www.congress.gov/bill/104th-congress/senate-bill/1773 104-hr-3478,104,hr,3478,Alcohol Promotion and Advertising Tax Fairness Act,Taxation,1996-05-16,1996-05-16,Referred to the House Committee on Ways and Means.,House,"Rep. Kennedy, Joseph P., II [D-MA-8]",MA,D,K000110,3,Alcohol Promotion and Advertising Tax Fairness Act - Amends the Internal Revenue Code to disallow a deduction for the expense of advertising (via any means) or promoting any alcoholic beverage.,2025-08-21T20:14:55Z,https://www.congress.gov/bill/104th-congress/house-bill/3478 104-hr-3457,104,hr,3457,To amend the Internal Revenue Code of 1986 to suspend the 4.3-cent general revenue portion of the fuel excise taxes.,Taxation,1996-05-15,1996-05-22,Executive Comment Requested from DOD.,House,"Rep. Jackson-Lee, Sheila [D-TX-18]",TX,D,J000032,32,"Amends the Internal Revenue Code to reduce, from the date of enactment of this Act until January 1, 1997, the rates of tax on gasoline, diesel and aviation fuel, fuel used on inland waterways, special motor fuels, and certain methanol or ethanol fuels. Prohibits the imposition of tax on compressed natural gas during that period. Reduces, for taxes imposed during that period, the rates regarding: (1) certain aviation fuel; (2) gasoline used in trains and certain buses and diesel fuel used in trains; and (3) alcohol fuels in provisions defining the Highway Trust Fund financing rate. Provides for the treatment of floor stocks. Provides for the reimposition of the tax if the reduction is not passed on to the consumer. Directs the Secretary of Defense to: (1) cancel budget authority in current defense procurement accounts as necessary to achieve a reduction of $2.9 billion in Department of Defense outlays; and (2) report to the Congress on the programs, projects, and activities from which cancellations are made.",2025-06-06T14:17:56Z,https://www.congress.gov/bill/104th-congress/house-bill/3457 104-hr-3448,104,hr,3448,Small Business Job Protection Act of 1996,Taxation,1996-05-14,1996-08-20,Became Public Law No: 104-188.,House,"Rep. Archer, Bill [R-TX-7]",TX,R,A000215,0,"TABLE OF CONTENTS: Title I: Small Business and Other Tax Provisions Subtitle A: Expensing; Etc. Subtitle B: Extension of Certain Expiring Provisions Subtitle C: Provisions Relating to S Corporations Subtitle D: Pension Simplification Subtitle E: Foreign Simplification Subtitle F: Revenue Offsets Subtitle G: Technical Corrections Subtitle H: Other Provisions Subtitle I: Foreign Trust Tax Compliance Subtitle J: Generalized System of Preferences Title II: Payment of Wages Small Business Job Protection Act of 1996 - Title I: Small Business and Other Tax Provisions - States that no addition to any underpayment of a tax installment required to be paid before enactment shall be made to the extent such underpayment was created by this title. Subtitle A: Expensing; Etc. - Amends the Internal Revenue Code to incrementally increase to $25,000 by the year 2003 the amount which a small business may expense. (Sec. 1112) Revises varied tax provisions concerning: (1) employee tips; (2) the tax treatment of the storage of product samples in a residence; (3) charitable risk pools; (4) dues paid to agricultural or horticultural organizations; (5) the employment tax status of certain fisherman; (6) tax-exempt bond rules for first-time farmers; (7) newspaper distributors as direct sellers; (8) the application of involuntary conversion rules to presidentially declared disasters; (9) the class life for gas station convenience stores and similar structures; (10) the treatment of leasehold improvements and the treatment of lessor improvements abandoned at lease termination; and (11) housing provided to employees by academic health centers. (Sec. 1122) Amends provisions of the Revenue Act of 1978 concerning whether or not individuals are employees to: (1) require the IRS to provide an individual who is the subject of an employment status audit with the applicable Code provisions; (2) prohibit a taxpayer from relying on audit, in specified instances, unless such audit included an examination for employment tax purposes of whether the individual involved should be treated as an employee of the taxpayer; (3) revise safe harbor practices; and (4) place the burden of proof on the Secretary of the Treasury, if the taxpayer establishes a prima facie case that it was not reasonable to treat an individual as an employee and the taxpayer fully cooperated with the Secretary's reasonable requests. Subtitle B: Extension of Certain Expiring Provisions - Decreases from 40 to 35 percent the work opportunity credit. Extends and makes other revisions to such credit, including redefining members of targeted groups. Extends: (1) employer provided educational assistance programs; and (2) permanently, the Federal unemployment tax for alien agricultural workers; (3) the credit for increasing research activities; (4) the orphan drug tax credit; (5) the special rule for contributions of stock to charitable private foundations; (6) the binding contract date for biomass and coal facilities; and (7) the moratorium on the excise tax on diesel fuel sold for use in diesel-powered motorboats. Subtitle C: Provisions Relating to S Corporations - Increases from 35 to 75 the number of S corporation shareholders permitted. (Sec. 1302) Permits an electing small business trust as a shareholder. (Sec. 1304) Permits financial institutions to hold safe harbor debt. Revises S corporation provisions concerning: (1) the post-death qualification period; (2) the rules relating to inadvertent terminations and invalid elections; (3) an agreement to terminate the taxable year; (4) the post-termination transition period; and (5) the treatment of distributions during loss years. (Sec. 1310) Provides: (1) subject to exception, for the application of Subchapter C rules to an S corporation and its shareholders; (2) for the elimination certain earnings and profits; (3) for the carryover of disallowed losses and deductions under at-risk rules; and (4) adjustments to the basis of inherited S stock to reflect certain items of income. (Sec. 1314) Makes applicable to S corporations the rules applicable to individuals with respect to real property subdivided for sale. (Sec. 1316) Permits certain tax-exempt organizations to become S corporation shareholders. Subtitle D: Pension Simplification - Repeals: (1) five-year income averaging for lump sum distributions; and (2) the $5,000 exclusion of employees' death benefits. (Sec. 1403) Revises provisions concerning: (1) taxing annuity distributions under certain employer plans; and (2) the present requirement of beginning distributions on April 1 of the calendar year following a participant's attainment of the age 70 and one-half. (Sec. 1421) Establishes a simple retirement account matching plan for employees of businesses with 100 or fewer employees. Permits a simple plan under a 401(k) plan. (Sec. 1426) Permits 401(k) plans for tax-exempt organizations. (Sec. 1427) Permits, as specified, deductible IRA contributions of up to $2,000 for each spouse, including a homemaker spouse. (Sec. 1431) Revises the definition of a highly compensated employee. Repeals the family aggregation rules. Modifies additional participation requirements. Provides alternative methods of meeting nondiscrimination requirements. (Sec. 1442) Provides for the applicability of the special vesting rules for multiemployer plans to other qualified plans. (Sec. 1443) Provides for the treatment of: (1) distributions under rural cooperative plans; and (2) qualified governmental excess benefit arrangements. (Sec. 1445) Provides: (1) for the treatment of the social security retirement age as a uniform retirement age; and (2) that subsidized early retirement benefits and joint and survivor annuities shall not be treated as being unavailable to employees on the same terms merely because such benefits are based on an employee's social security retirement age. (Sec. 1446) Provides for the treatment of: (1) contributions on behalf of disabled employees; (2) deferred compensation plans of State and local governments and tax-exempt organizations. (Sec. 1448) Requires governmental plans to hold deferred amounts in trusts. Revises provisions concerning the treatment of Indian tribal government annuities. (Sec. 1450) Permits multiple salary reduction agreements. (Sec. 1452) Repeals the limitation in the case of a defined benefit plan and a defined contribution plan for the same employee. (Sec. 1453) Increases the five percent tax on prohibited transactions to ten percent. (Sec. 1454) Revises the definition of a leased employee. (Sec. 1455) Applies failure to file information report penalties to pension payments. (Sec. 1456) Exempts the retirement benefits of ministers, including the rental value of a parsonage, received under a church plan from the tax on net earnings from self-employment. (Sec. 1457) Directs the Secretary to develop a model spousal consent form for purposes of the minimum survivor annuity requirements. (Sec. 1458) Exempts volunteer fire fighters and emergency medical and ambulance service personnel from certain deferred compensation requirements. (Sec. 1459) Permits a 401(k) plan, under specified conditions for purposes of the actual deferral percentage test, to disregard non-highly compensated employees eligible to participate before they have completed one year of service and attained age 21. (Sec. 1460) Amends the Employee Retirement Income Security Act to revise provisions concerning the fiduciary responsibility of an insurance company. (Sec. 1461) Makes revisions concerning church plans, including allowing certain self-employed ministers to participate. Subtitle E: Foreign Simplification - Repeals provisions which require certain U.S. shareholders of a controlled foreign corporation to include in income for tax purposes specified earnings from such corporations. Subtitle F: Revenue Offsets - Terminates, subject to exception, the Puerto Rico and possessions tax credit after December 31, 1995. Adds a Puerto Rican economic activity credit. (Sec. 1602) Repeals the exclusion for interest on loans used to acquire employer securities. (Sec. 1603) Treats as taxable unrelated business income certain amounts derived from foreign corporations. (Sec. 1604) Revises rules for depreciation under the income forecast method. (Sec. 1605) Revises provisions concerning the exclusion of damages received because of personal injuries or sickness. (Sec. 1606) Repeals the diesel fuel tax rebate to original purchasers of diesel-powered automobiles and light trucks. (Sec. 1607) Extends and phases out after December 31, 2002 the excise tax on luxury automobilies. (Sec. 1608) Provides for the termination, as specified, of the tax exempt bond status of certain local furnishers of electricity and gas. (Sec. 1609) Provides for a temporary extension of the Airport and Airway Trust fund excise tax. (Sec. 1610) Modifies the rules concerning the basis of property acquired through involuntary conversion. (Sec. 1611) Provides, with respect to life insurance contracts, for the treatment of: (1) certain contracts on retired lives; and (2) modified guaranteed contracts. (Sec. 1613) Provides for the treatment of contributions in aid of construction for water and sewage disposal facilities. (Sec. 1614) Permits certain qualified scholarship organization bonds to continue as tax-exempt bonds even if an organization ceases to meet certain requirements for tax-exemption, if specified requirements are still met. (Sec. 1615) Denies any personal exemptions and the dependent care credit to individuals failing to provide taxpayer identification numbers. (Sec. 1616) Repeals the bad debt reserve method for thrift savings associations. (Sec. 1617) Limits energy conservation subsidies provided by public utilities to dwelling units. (Currently, other properties are included.) (Sec. 1621) Exempts a Financial Asset Securitization Investment Trust (FASIT) from taxation under subtitle M (Regulated Investment Companies and Real Estate Investment Trusts) of Chapter One of the IRC and prohibits its treatment as a trust, partnership, corporation, or taxable mortgage pool. Sets forth provisions which provide for determining the taxable income of the holder of the ownership interest in a FASIT. Subtitle G: Technical Corrections - Amends the Internal Revenue Code, the Revenue Reconciliation Act of 1990, the Revenue Reconciliation Act of 1993, the Employee Retirement Income Security Act of 1974, the Public Health Service Act, and other legislation to make technical corrections. Subtitle H: Other Provisions - Provides for an exception to the diesel fuel dyeing requirements for diesel fuel exempted from specified dyeing requirements under the Clean Air Act. (Sec. 1802) Modifies provisions concerning the: (1) treatment of certin university employment taxes; (2) excise tax on ozone-depleting chemicals; and (3) issuance of tax-exempt bonds to finance the acquisition of the Snettisham hydroelectric project from the Alaska Power Administration. (Sec. 1805) Provides for the nonrecognition of certain transfers by common trust funds to regulated investment companies. (Sec. 1806) Exempts, as specified, a qualified State tuition program from taxation. (Sec. 1807) Allows a limited tax credit for qualified adoption expenses. Provides for an employer adoption assistance program. (Sec. 1808) Amends title IV (Grants to States for Aid and Services to Needy Families with Children and for Child-Welfare Services) of the Social Security Act to prohibit denial of an adoption or foster care placement on the basis race, color, or national origin. (Sec. 1809) Delays, for six months, certain electronic fund transfer percentage requirements concerning the collection of depository taxes. Subtitle I: Foreign Trust Tax Compliance - Revises the requirements regarding information that must be reported regarding certain foreign trusts. Sets forth failure to file penalty provisions relating to transfers to foreign entities. Modifies the circumstances (with regard to foreign trusts having one or more U.S. beneficiaries) in which a transferor is treated as the owner. Replaces provisions setting forth a special rule applicable to foreign grantors with provisions declaring that provisions relating to treating grantors and others as substantial owners shall apply only when that application results in an amount being currently taken into account in computing the income of a U.S. citizen or resident or a domestic corporation. Requires a United States person to report information regarding foreign gifts or bequests when the gifts' aggregate value during a taxable year exceeds $10,000. Modifies requirements regarding the interest charge on accumulation distributions from foreign trusts. Changes the circumstances in which an estate or trust is included in the definition of ""United States person."" Modifies the definition of ""foreign estate or trust."" Requires (for provisions relating to the imposition of a tax on transfers to avoid income tax) treating a trust which is not a foreign trust and which becomes a foreign trust as having transferred, immediately before becoming a foreign trust, all of its assets to a foreign trust. Subtitle J: Generalized System of Preferences - GSP Renewal Act of 1996 - Amends the Trade Act of 1974 with respect to the Generalized System of Preferences (GSP). Authorizes the President to designate a country as a least-developed beneficiary developing country for extension of trade preferences under the GSP. Removes Austria, Finland, and Sweden from the list of countries which may not be designated as beneficiary developing countries. (The three countries are now member states of the European Union, which is ineligible for such designation.) Declares that, for purposes of designating a beneficiary developing country, a country may be found to not provide protection of intellectual property rights, notwithstanding the fact that it may be in compliance with the specific obligations of the Agreement on Trade-Related Aspects of Intellectual Property Rights of the Uruguay Round Agreements Act. Authorizes the President to withdraw or suspend duty-free treatment for the products of a country based on consideration of specified factors. Requires the President to: (1) withdraw or suspend the designation of a country as a beneficiary developing country if it is determined that changed circumstances would bar its designation as a beneficiary developing country; and (2) terminate the designation of a country as a beneficiary developing country if during any calendar year the official statistics of the International Bank for Reconstruction and Development demonstrate that such country has become a ""high income"" country. Requires the President to notify the Congress before designating or terminating a country as a beneficiary developing country. Revises provisions on the designation of articles as eligible for preferential treatment. Authorizes the President to designate additional articles as eligible articles for countries designated as least-developed beneficiary developing countries if, after receiving advice from the International Trade Commission, it is determined that such articles are not import-sensitive. Prohibits an article that has been denied designation as an eligible article from being reconsidered for such designation for a three year period. Prohibits, with respect to the President's withdrawing, suspending, or limiting the duty-free treatment of an eligible article, the establishment of a duty rate for such article other than the rate which would apply but for this Act. Requires the President to terminate the duty-free treatment for an article from a beneficiary developing country (except least-developed beneficiary developing countries) whenever it is determined that such country has exported, directly or indirectly, to the United States during any calendar year a quantity of an eligible article: (1) having an appraised value in excess of $75 million (increased by $5 million on January 1 each calendar year after 1995); or (2) equal to or exceeding 50 percent of the appraised value of the total imports of such article into the United States during the calendar year. Authorizes waiver of such competitive need limitation in the national economic interest if any U.S. industry is unlikely to be adversely affected by it. Prohibits any action under this Act from affecting any tariff duty imposed by the Legislature of Puerto Rico under the Tariff Act of 1930 on coffee imported into Puerto Rico. Requires the President to report to the Congress on: (1) the operation of this Act; and (2) the status of internationally recognized worker rights within each beneficiary developing country. Title II: Payment of Wages - Employee Commuting Flexibility Act of 1996 - Amends the Portal-to-Portal Act of 1947 to provide that an employer does not have to pay minimum wages or overtime compensation to an employee for or on account of such employee's use of employer-owned vehicles for traveling for commuting purposes, if such use is: (1) within the normal commuting area for the employer's business or establishment; and (2) subject to an agreement on the part of the employer and the employee or employee representative. Considers such commuting use, and activities incidental to it, as not part of the employee's principal activities, thus relieving the employer of liability and punishment, under the Fair Labor Standards Act of 1938, Walsh-Healey Act, and Davis-Bacon Act, for failure to pay such wage or compensation for the time of such use. (Sec. 4) Minimum Wage Increase Act of 1996 - Amends the Fair Labor Standards Act of 1938 to increase the minimum wage rate from the current $4.25 per hour to: (1) $4.75 per hour during the year beginning on October 1, 1996; and (2) $5.15 per hour beginning September 1, 1997. (Sec. 5) Amends the Fair Labor Standards Act of 1938 to exempt from minimum wage and overtime requirements certain computer professionals who are compensated at a rate of not less than $27.63 per hour. Revises provisions relating to the tip credit for determining the minimum wage for tipped employees. Allows an employer to pay less than the minimum wage (as increased by this Act, but not less than $4.25 per hour) to any employee who is less than 20 years old, during the first 90 consecutive calendar days after such employee is hired.",2025-04-07T15:34:21Z,https://www.congress.gov/bill/104th-congress/house-bill/3448 104-hr-3451,104,hr,3451,To amend the Internal Revenue Code of 1986 to exempt from certain reporting requirements certain amounts paid to election officials and election workers.,Taxation,1996-05-14,1996-05-14,Referred to the House Committee on Ways and Means.,House,"Rep. Gekas, George W. [R-PA-17]",PA,R,G000121,3,Amends the Internal Revenue Code to prohibit requiring persons who pay election officials and workers to furnish the officials and workers with an annual statement of amounts paid and withheld unless the pay is subject to tax under provisions relating to the Federal Insurance Contributions Act.,2025-01-02T17:38:35Z,https://www.congress.gov/bill/104th-congress/house-bill/3451 104-hr-3441,104,hr,3441,Minimum Wage for Families Act,Taxation,1996-05-10,1996-05-10,Referred to the House Committee on Ways and Means.,House,"Rep. Hutchinson, Tim [R-AR-3]",AR,R,H001015,15,"Minimum Wage for Families Act - Amends the Internal Revenue Code to change the heading of the section allowing a tax credit popularly known as the ""earned income tax credit"" to read ""Working Families Support Credit"" (WFSC). (The current section heading reads ""Earned income."") Conditions eligibility for the WFSC on individuals: (1) including their social security numbers on their tax returns; and (2) having a qualifying child. Removes provisions defining a qualifying child as including a student under the age of 24. Includes in the definition of ""disqualified income"" income from passive activities. Modifies how adjusted gross income is determined for the WFSC, including regarding certain: (1) child support payments; (2) non-taxable income; (3) income not included in gross income; (4) amounts relating to capital losses, trade or business losses, and estate and trust losses. Changes phaseout percentages and other percentages and amounts used in the calculation of the WFSC. Mandates monthly payment of the WFSC portion of any refund unless the WFSC is under $600. Increases penalties on: (1) tax preparers for understatement of tax liability and other actions; and (2) any person who aids and abets an understatement. Mandates reports to the Congress on: (1) ways to encourage WFSC recipients to obtain advance payments, reduce advance payment fraud, and reduce advance payment burdens on small businesses; and (2) the feasibility and effects of converting food stamps into cash payments and making those payments in the same payments as WFSC monthly payments.",2025-08-21T20:14:05Z,https://www.congress.gov/bill/104th-congress/house-bill/3441 104-hr-3427,104,hr,3427,Working Americans Wage Restoration Act,Taxation,1996-05-09,1996-05-09,Referred to the House Committee on Ways and Means.,House,"Rep. Nethercutt, George R., Jr. [R-WA-5]",WA,R,N000051,13,"Working Americans Wage Restoration Act - Amends the Internal Revenue Code to allow a deduction for Old Age, Survivors and Disability Insurance (OASDI) (title II of the Social Security Act) employee taxes. Prohibits the deduction if the individual claimed the earned income credit for the year. Allows a deduction for all (currently, one-half) of OASDI self-employment taxes. Allows only the one-half deduction if the individual claimed the earned income credit for the year.",2025-08-21T20:14:42Z,https://www.congress.gov/bill/104th-congress/house-bill/3427 104-hr-3430,104,hr,3430,To amend the Internal Revenue Code of 1986 to eliminate the requirement that States pay unemployment compensation on the basis of services performed by election workers.,Taxation,1996-05-09,1996-05-09,Referred to the House Committee on Ways and Means.,House,"Rep. Upton, Fred [R-MI-6]",MI,R,U000031,16,"Amends the Internal Revenue Code to eliminate the requirement that States pay unemployment compensation on the basis of services performed by election officials or workers if remuneration for a calendar year is expected to be less than $1,000.",2025-01-02T17:38:34Z,https://www.congress.gov/bill/104th-congress/house-bill/3430 104-s-1741,104,s,1741,Working Americans Wage Restoration Act,Taxation,1996-05-09,1996-05-09,Read twice and referred to the Committee on Finance.,Senate,"Sen. Ashcroft, John [R-MO]",MO,R,A000356,8,"Working Americans Wage Restoration Act - Amends the Internal Revenue Code to allow a deduction for Old Age, Survivors and Disability Insurance (OASDI) (title II of the Social Security Act) employee taxes. Prohibits the deduction if the individual claimed the earned income credit for the year. Allows a deduction for all (currently, one-half) of OASDI self-employment taxes. Allows only the one-half deduction if the individual claimed the earned income credit for the year.",2025-08-21T20:15:11Z,https://www.congress.gov/bill/104th-congress/senate-bill/1741 104-hr-3415,104,hr,3415,To amend the Internal Revenue Code of 1986 to repeal the 4.3-cent increase in the transportation motor fuels excise tax rates enacted by the Omnibus Budget Reconciliation Act of 1993 and dedicated to the general fund of the Treasury.,Taxation,1996-05-08,1996-06-25,Read twice and referred to the Committee on Finance.,House,"Rep. Seastrand, Andrea H. [R-CA-22]",CA,R,S000213,3,"Amends the Internal Revenue Code to reduce by 4.3 cents the excise tax rate on various transportation motor fuels. Prohibits the taxation on any sale or use of compressed natural gas beginning six days after enactment of this Act until January 1, 1997. (Sec. 3) Sets forth the procedure for filing a claim for a credit or refund for any such tax imposed on any liquid prior to the seventh day after enactment of this Act. (Sec. 4) Imposes a floor stocks tax of 4.3 cents per gallon on any liquid on which such fuel tax was imposed before January 1, 1997, and which is held on such date by any person. Sets forth provisions on method of payment and exceptions to such tax. (Sec. 5) Expresses the sense of the Congress that consumers receive the benefit of such excise tax reduction and that transportation motor fuels producers and dealers take necessary action to reduce fuel prices to reflect such tax reduction. Directs the Comptroller General to study and report to the Congress on whether there has been a passthrough to consumers because of such fuel tax reduction. (Sec. 6) Authorizes appropriations for FY 1997 through 2002 for salaries and expenses of the Department of Energy in carrying out this Act. (Sec. 7) Requires the Federal Communications Commission to complete all actions necessary to permit the assignment by March 31, 1998, by competitive bidding pursuant to the Communications Act of 1934 of licenses for the use of specified radio bands of frequencies. Sets forth the criteria for making such assignments.",2025-04-07T15:30:29Z,https://www.congress.gov/bill/104th-congress/house-bill/3415 104-hr-3416,104,hr,3416,To amend the Internal Revenue Code of 1986 to suspend the tax on ozone-depleting chemicals used as propellants in metered-dose inhalers.,Taxation,1996-05-08,1996-05-08,Referred to the House Committee on Ways and Means.,House,"Rep. English, Phil [R-PA-21]",PA,R,E000187,11,"Amends the Internal Revenue Code to suspend, between December 31, 1995, and January 1, 2001, the tax on any ozone-depleting chemical (or any product made using any ozone-depleting chemical) used as a propellant in any metered-dose inhaler.",2025-01-02T17:38:34Z,https://www.congress.gov/bill/104th-congress/house-bill/3416 104-hr-3420,104,hr,3420,To amend the Internal Revenue Code of 1986 to suspend the 4.3-cent general revenue portion of the fuel excise taxes.,Taxation,1996-05-08,1996-05-22,Executive Comment Requested from DOD.,House,"Rep. Jackson-Lee, Sheila [D-TX-18]",TX,D,J000032,0,"Amends the Internal Revenue Code to reduce, from the date of enactment of this Act until January 1, 1997, the rates of tax on gasoline, diesel and aviation fuel, fuel used on inland waterways, special motor fuels, and certain methanol or ethanol fuels. Prohibits the imposition of tax on compressed natural gas during that period. Reduces, for taxes imposed during that period, the rates regarding: (1) certain aviation fuel; (2) gasoline used in trains and certain buses and diesel fuel used in trains; and (3) alcohol fuels in provisions defining the Highway Trust Fund financing rate. Provides for the treatment of floor stocks. Directs the Secretary of Defense to: (1) cancel budget authority in current defense procurement accounts as necessary to achieve a reduction of $2.9 billion in Department of Defense outlays; and (2) report to the Congress on the programs, projects, and activities from which cancellations are made.",2025-06-06T14:17:56Z,https://www.congress.gov/bill/104th-congress/house-bill/3420 104-s-1739,104,s,1739,A bill to amend the Internal Revenue Code of 1986 to repeal the 4.3-cent increase in the transportation motor fuels excise tax rates enacted by the Omnibus Budget Reconciliation Act of 1993 and dedicated to the general fund of the Treasury.,Taxation,1996-05-08,1996-05-08,Read twice and referred to the Committee on Finance.,Senate,"Sen. Dole, Robert J. [R-KS]",KS,R,D000401,24,"Amends the Internal Revenue Code to reduce by 4.3 cents per gallon the tax on gasoline, diesel and aviation fuel, fuel used by commercial waterway transportation vessels, special motor fuels, and methanol or ethanol fuels. Makes the reduction effective from seven days after enactment of this Act until January 1, 1997. Provides for the treatment of floor stocks. Expresses the sense of the Congress that consumers immediately receive the benefits. Requires the Comptroller General to study and report to specified congressional committees on whether there has been a passthrough to consumers. Amends the Department of Energy Organization Act to authorize appropriations to carry out the Act. Requires the Federal Communications Commission (FCC) to complete actions necessary to permit the competitive bidding of licenses for the use of described frequency bands. Prohibits the FCC from treating enactment of this Act as an expression of the intent of the Congress regarding the award of initial licenses of construction permits for Advanced Television Services.",2025-01-14T18:59:41Z,https://www.congress.gov/bill/104th-congress/senate-bill/1739 104-hr-3395,104,hr,3395,To amend the Internal Revenue Code of 1986 to provide a temporary suspension of 4.3 cents per gallon in the rates of tax on gasoline and diesel fuel.,Taxation,1996-05-07,1996-05-07,Referred to the House Committee on Ways and Means.,House,"Rep. Bentsen, Ken [D-TX-25]",TX,D,B000400,2,"Amends the Internal Revenue Code to reduce, from the date of enactment of this Act until January 1, 1997, the rate of tax on gasoline, diesel fuel, special motor fuels, certain alcohol fuels, and compressed natural gas. Modifies, for taxes paid during that period: (1) refund rates for gasoline used in trains and certain buses and diesel fuel used in trains; and (2) rates regarding alcohol fuels in provisions defining the Highway Trust Fund financing rate. Provides for the treatment of gasoline or diesel fuel floor stocks. Repeals provisions allowing a credit for alcohol fuels. Removes provisions relating to: (1) taxable fuels mixed with alcohol; (2) a reduced rate of tax for aviation fuel mixed with alcohol; and (3) fuels containing alcohol and certain alcohol fuels.",2025-04-07T15:27:16Z,https://www.congress.gov/bill/104th-congress/house-bill/3395