legislation
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261 rows where bill_type = "s", congress = 95 and policy_area = "Taxation" sorted by introduced_date descending
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| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date ▲ | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
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| 95-s-3630 | 95 | s | 3630 | A Bill to amend the Internal Revenue Code of 1954 to provide a counterinflation credit and negative credit on personal income and on business profits, and to provide indirect restraint on prices during the 7-year period beginning in 1979. | Taxation | 1978-10-15 | 1978-10-15 | Referred to Senate Committee on Finance. | Senate | Sen. Hart, Gary W. [D-CO] | CO | D | H000287 | 0 | Amends the Internal Revenue Code to allow a "counterinflation" tax credit to businesses which rank among the largest 2,000 firms in the United States in sales and merchandise and to employees of such firms, if the wages paid by such firms in any taxable year are lower than the wage increase target rate prescribed by the Secretary of the Treasury. Requires the imposition of an additional tax (negative credit) upon firms which increase wages in excess of the target rate. Specifies the allowable amount of the counterinflation credit and the negative credit. Imposes an additional tax upon the profits of a firm, if such profits represent an increase in taxable income which is greater than the average rate of increase in wages paid by the firm for the taxable year. | 2024-08-01T20:11:04Z | https://www.congress.gov/bill/95th-congress/senate-bill/3630 |
| 95-s-3600 | 95 | s | 3600 | A Bill to amend the Internal Revenue Code of 1954 to exempt from Federal income taxation a trust established by a taxpayer for the purpose of providing care for certain mentally and physically incompetent relatives of the taxpayer, and for other purposes. | Taxation | 1978-10-13 | 1978-10-13 | Referred to Senate Committee on Finance. | Senate | Sen. Wallop, Malcolm [R-WY] | WY | R | W000092 | 0 | Amends the Internal Revenue Code to exempt from taxation the income of certain trusts established solely to care for mentally or physically handicapped relatives. Provides that distributions from such trusts which are paid to another individual for the care and maintenance of the trust beneficiary shall be excludable from the gross income of such beneficiary. Permits a deduction from the gross estate of the grantor of a trust for a mentally or physically handicapped relative an amount equal to the interest which such grantor holds in the trust. | 2024-08-01T20:11:03Z | https://www.congress.gov/bill/95th-congress/senate-bill/3600 |
| 95-s-3580 | 95 | s | 3580 | A Bill to amend the Internal Revenue Code of 1954 to increase the amount of the dividend exclusion. | Taxation | 1978-10-09 | 1978-10-09 | Referred to Senate Committee on Finance. | Senate | Sen. Durkin, John A. [D-NH] | NH | D | D000574 | 0 | Amends the Internal Revenue Code to increase from $100 to $250 the amount of dividends which individuals may exclude from income. | 2024-08-01T20:11:03Z | https://www.congress.gov/bill/95th-congress/senate-bill/3580 |
| 95-s-3569 | 95 | s | 3569 | Tax Form Simplification Act | Taxation | 1978-10-07 | 1978-10-07 | Referred to Senate Committee on Finance. | Senate | Sen. Durkin, John A. [D-NH] | NH | D | D000574 | 0 | Tax Form Simplification Act - Directs the Secretary of the Treasury to establish a task force for the purpose of devising methods of simplifying Federal individual income tax return forms and instructions for completing such forms. Requires the Secretary to report to Congress on the findings of the task force within two years after the enactment of this Act. | 2025-09-02T17:14:35Z | https://www.congress.gov/bill/95th-congress/senate-bill/3569 |
| 95-s-3537 | 95 | s | 3537 | A Bill to require that certain procedures be followed with respect to the Internal Revenue Service's "Proposed Revenue Procedure on Private Tax-Exempt Schools". | Taxation | 1978-09-29 | 1978-09-29 | Referred to Senate Committee on Finance. | Senate | Sen. Hatch, Orrin G. [R-UT] | UT | R | H000338 | 0 | Provides that the Internal Revenue Service's "Proposed Revenue Procedure on Private Tax-Exempt Schools" or any similar proposal shall not take effect unless the Service complies with recently published regulations of the Department of the Treasury requiring public hearings and Congressional approval of such proposals. | 2024-08-01T20:11:02Z | https://www.congress.gov/bill/95th-congress/senate-bill/3537 |
| 95-s-3533 | 95 | s | 3533 | A Bill to amend the Internal Revenue Code of 1954 to provide individuals a credit against income tax for certain amounts of savings. | Taxation | 1978-09-28 | 1978-09-28 | Referred to Senate Committee on Finance. | Senate | Sen. McClure, James A. [R-ID] | ID | R | M000346 | 0 | Amends the Internal Revenue Code to allow a tax credit equal to 50 percent of the excess of the eligible net savings (net savings in excess of certain types of debt) of a taxpayer for the taxable year over a specified percentage of the taxpayer's adjusted gross income. Specifies types of savings accounts which qualify for the credit. Increases taxpayer liability (except for individuals who attain age 65) if the taxpayer's eligible net saving is less than zero for a taxable year. Provides for an inflation adjustment to the taxpayer's adjusted gross income for purposes of determining the allowable amount of credit. | 2024-08-01T20:11:02Z | https://www.congress.gov/bill/95th-congress/senate-bill/3533 |
| 95-s-3526 | 95 | s | 3526 | Rapid Recovery of Occupational Safety and Health Expenditures Act | Taxation | 1978-09-26 | 1978-09-26 | Referred to Senate Committee on Finance. | Senate | Sen. Nelson, Gaylord [D-WI] | WI | D | N000033 | 0 | Rapid Recovery of Occupational Safety and Health Expenditures Act - Amends the Internal Revenue Code to permit the amortization, over a five-year period, of property which is modified to meet safety and health standards under the Occupational Safety and Health Act of 1970. Allows a full investment tax credit for pollution control and occupational safety and health facilities. | 2025-09-02T17:14:35Z | https://www.congress.gov/bill/95th-congress/senate-bill/3526 |
| 95-s-3509 | 95 | s | 3509 | A Bill to amend the Internal Revenue Code of 1954. | Taxation | 1978-09-20 | 1978-09-20 | Referred to Senate Committee on Finance. | Senate | Sen. Johnston, J. Bennett [D-LA] | LA | D | J000189 | 0 | Amends the Internal Revenue Code to limit the application of the attribution of ownership rules to a trust or estate which terminates its interest in a corporation through a stock redemption, for purposes of treating the proceeds from the stock redemption as capital gain. | 2024-08-01T20:10:57Z | https://www.congress.gov/bill/95th-congress/senate-bill/3509 |
| 95-s-3501 | 95 | s | 3501 | A bill to amend the Internal Revenue Code of 1954 to exempt the Federal excise tax on distilled spirits ethanol used as a solvent for compounds used in environmental monitoring activities. | Taxation | 1978-09-18 | 1978-09-18 | Referred to Senate Committee on Finance. | Senate | Sen. Schmitt, Harrison H. [R-NM] | NM | R | S000132 | 0 | Amends the Internal Revenue Code to exempt ethanol from the Federal excise tax on distilled spirits when it is used as a solvent for compounds used in subsurface environmental monitoring activities. | 2024-08-01T20:10:57Z | https://www.congress.gov/bill/95th-congress/senate-bill/3501 |
| 95-s-3497 | 95 | s | 3497 | A bill to amend the Internal Revenue Code of 1954 to allow a taxpayer who does not itemize his deductions to deduct amounts paid as State and local income taxes from gross income. | Taxation | 1978-09-13 | 1978-09-13 | Referred to Senate Committee on Finance. | Senate | Sen. Moynihan, Daniel Patrick [D-NY] | NY | D | M001054 | 0 | Amends the Internal Revenue Code to permit a taxpayer who does not itemize his deductions to deduct from gross income amounts paid as State and local income taxes. | 2024-08-01T20:10:56Z | https://www.congress.gov/bill/95th-congress/senate-bill/3497 |
| 95-s-3491 | 95 | s | 3491 | Jobs Credit Extension Act | Taxation | 1978-09-11 | 1978-09-11 | Referred to Senate Committee on Finance. | Senate | Sen. Haskell, Floyd K. [D-CO] | CO | D | H000317 | 8 | Jobs Credit Extension Act - Amends the Internal Revenue Code to extend the existing tax credit for the employment of new employees through December 31, 1980. Revises the credit to permit a taxpayer election to offset against tax liability 35 percent of the excess of unemployment wages paid during a calendar year over the amount of such wages paid during the previous year. Eliminates the requirements that the credit not exceed 50 percent of the increase in unemployment wages during a calendar year over 105 percent of the wages paid in the previous year and that the credit apply to unemployment wages paid during the calendar year which exced 102 percent of the wages paid in the preceding year. Limits the amount of the tax credit to $25,000. Allows an additional ten percent credit for the employment of physically or mentally handicapped individuals. Extends eligibility for the credit to the maritime industry. | 2025-09-02T17:14:29Z | https://www.congress.gov/bill/95th-congress/senate-bill/3491 |
| 95-s-3489 | 95 | s | 3489 | A bill to amend the Internal Revenue Code of 1954 to allow an additional carryback of 7 years for excessive net operating losses attributable to product liability. | Taxation | 1978-09-08 | 1978-09-08 | Referred to Senate Committee on Finance. | Senate | Sen. Culver, John C. [D-IA] | IA | D | C000979 | 0 | Amends the Internal Revenue Code to permit a taxpayer who incurs product liability losses to carryback such losses as net operating business losses for an additional seven years beyond the three-year period presently allowed by law. | 2024-08-01T20:10:56Z | https://www.congress.gov/bill/95th-congress/senate-bill/3489 |
| 95-s-3463 | 95 | s | 3463 | A bill to amend Section 1035 (c) of the Tax Reform Act of 1976 relating to tax credit for production sharing contracts. | Taxation | 1978-08-25 | 1978-08-25 | Referred to Senate Committee on Finance. | Senate | Sen. Wallop, Malcolm [R-WY] | WY | R | W000092 | 0 | Amends the Internal Revenue Code to temporarily extend to domestic corporations which qualify as independent producers for purposes of the oil depletion allowance the foreign tax credit for production-sharing contracts. | 2024-08-01T20:10:56Z | https://www.congress.gov/bill/95th-congress/senate-bill/3463 |
| 95-s-3464 | 95 | s | 3464 | A bill to amend the Internal Revenue Code of 1954 to allow a credit against income tax liability for increases in social security taxes resulting from increases in social security tax rates, and the contribution and benefit base effective after December 31, 1978. | Taxation | 1978-08-25 | 1978-08-25 | Referred to Senate Committee on Finance. | Senate | Sen. Stone, Richard (Dick) [D-FL] | FL | D | S000962 | 0 | Amends the Internal Revenue Code to allow employers and employees an income tax credit for a portion of the social security taxes paid during the taxable year. | 2024-08-01T20:10:56Z | https://www.congress.gov/bill/95th-congress/senate-bill/3464 |
| 95-s-3465 | 95 | s | 3465 | A bill to amend the Internal Revenue Code of 1954 to treat as public charities certain institutions which operate libraries. | Taxation | 1978-08-25 | 1978-08-25 | Referred to Senate Committee on Finance. | Senate | Sen. Danforth, John C. [R-MO] | MO | R | D000030 | 0 | Amends the Internal Revenue Code to treat a library established by State or Federal law as a charitable institution for purposes of the charitable income tax deduction. | 2024-08-01T20:10:56Z | https://www.congress.gov/bill/95th-congress/senate-bill/3465 |
| 95-s-3466 | 95 | s | 3466 | A bill to amend the Internal Revenue Code of 1954 to change the period for the payment of taxes under section 4161 (a) of such code. | Taxation | 1978-08-25 | 1978-08-25 | Referred to Senate Committee on Finance. | Senate | Sen. Nelson, Gaylord [D-WI] | WI | D | N000033 | 3 | Amends the Internal Revenue Code to change the period for the payment of the manufacturers' excise tax imposed on the sale of fishing equipment. Provides that the tax on such equipment sold during quarters ending on December 31, March 31, and June 30 is payable, respectively, on March 31, June 30, and September 24. Specifies that articles sold during the quarter ending September 30, shall be due at such time as the Secretary of the Treasury may prescribe. | 2024-08-01T20:10:56Z | https://www.congress.gov/bill/95th-congress/senate-bill/3466 |
| 95-s-3455 | 95 | s | 3455 | A bill to amend the Internal Revenue Code of 1954 to allow a credit for contributions to the United States Olympic Committee. | Taxation | 1978-08-23 | 1978-08-23 | Referred to Senate Committee on Finance. | Senate | Sen. Matsunaga, Spark M. [D-HI] | HI | D | M000250 | 11 | Amends the Internal Revenue Code to allow a tax credit equal to one-half of contributions made to the United States Olympic Committee. | 2024-08-01T20:10:55Z | https://www.congress.gov/bill/95th-congress/senate-bill/3455 |
| 95-s-3430 | 95 | s | 3430 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the value of stock received under qualified dividend reinvestment plans. | Taxation | 1978-08-18 | 1978-08-18 | Referred to Senate Committee on Finance. | Senate | Sen. Nelson, Gaylord [D-WI] | WI | D | N000033 | 0 | Amends the Internal Revenue Code to exclude from gross income a corporate stock distribution to a stockholder based upon the reinvestment of stock dividends in the corporation by such stockholder pursuant to his election to participate in a qualified reinvestment plan, as defined in this Act. Limits the amount of any stock distribution to $1,500. Establishes a rebuttable presumption that a distribution made by a corporation which purchases its common stock within one year of such distribution shall not be deemed a distribution pursuant to a qualified dividend reinvestment. | 2024-08-01T20:10:55Z | https://www.congress.gov/bill/95th-congress/senate-bill/3430 |
| 95-s-3433 | 95 | s | 3433 | To amend the Internal Revenue Code of 1954 to clarify the application of the investment tax credit to certain enclosures or structures used for single purpose food or plant production. | Taxation | 1978-08-18 | 1978-08-18 | Referred to Senate Committee on Finance. | Senate | Sen. Talmadge, Herman E. [D-GA] | GA | D | T000035 | 4 | Amends the Internal Revenue Code to allow, retroactively to August 15, 1971, the investment tax credit for the construction of agricultural structures used for single purpose food and plant production. | 2024-08-01T20:10:55Z | https://www.congress.gov/bill/95th-congress/senate-bill/3433 |
| 95-s-3419 | 95 | s | 3419 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income a portion of payments made under certain Federal and State cost-sharing programs the primary purpose of which is conservation of soil and water resources, environmental protection or restoration, forest enhancement, or the provision of wildlife habitat. | Taxation | 1978-08-16 | 1978-08-16 | Referred to Senate Committee on Finance. | Senate | Sen. Culver, John C. [D-IA] | IA | D | C000979 | 6 | Amends the Internal Revenue Code to exclude from gross income payments made to landowners under: (1) the water bank program of the Water Bank Act; (2) the emergency conservation measures program of the Agricultural Credit Act of 1978; (3) the Great Plains conservation program of the Soil Conservation and Domestic Policy Act; (4) the agricultural Conservation program of the Soil Conservation and Domestic Allotment Act; (5) the resource conservation and development program of the Bankhead-Jones Farm Tenant Act and the Soil Conservation and Domestic Allotment Act; (6) the rural clean water program of the Federal Water Pollution Control Act; (7) the forestry incentives program of the Cooperative Forestry Assistance Act of 1978; (8) the rural abandoned mine program of the Surface Mining Control and Reclamation Act of 1977; and (9) any similar State program established for the purposes of conserving soil and water resources and protecting the environment. | 2024-08-01T20:10:55Z | https://www.congress.gov/bill/95th-congress/senate-bill/3419 |
| 95-s-3420 | 95 | s | 3420 | Revenue Act | Taxation | 1978-08-16 | 1978-08-16 | Referred to Senate Committee on Finance. | Senate | Sen. Hathaway, William D. [D-ME] | ME | D | H000346 | 0 | Revenue Act - Title I: Short Title, Etc. - Entitles this Act the "Revenue Act of 1978" and provides that amendments made by this Act shall apply to taxable years beginning after December 31, 1978. Title II: Tax Treatment of Individuals - Amends the Internal Revenue Code to reduce income taxes for individuals and trusts and estates. Increases the minimum income levels at which individuals are required to file tax returns. Eliminates deductions for personal exemptions and the general tax credit. Establishes a $275 personal tax credit for a taxpayer, spouse and dependents, and additional credits if the taxpayer or spouse is blind or has attained age 65. Revises requirements for the withholding of income tax to reflect the substitution of the personal tax credit for personal exemptions. Lowers from 65 to 55 the age requirement for the exclusion of gain on the sale or exchange of the taxpayer's principal residence. Eliminates the $35,000 ceiling on the adjusted sales price of a principal residence for purposes of computing the amount of gain excludable. Exempts gain from the sale or exchange of a principal residence from the minimum tax. Allows a tax credit equal to 50 percent of the State and local real property taxes paid by a taxpayer on his principal residence in a taxable year. Limits the credit to $1,000 for a taxable year. Increases the allowable amount of the earned income credit. Eliminates the requirement that an individual maintain a household in the United States to be eligible for the earned income credit. Requires employers to make advance payments of the earned income credit to employees certified as qualifying for the credit during the current year. Treats payment of this advance credit as payment of the employer's FICA and withholding amounts, and treats failure to make advance payments as a failure to deduct and withhold FICA amounts when they would otherwise be due. Provides that any amount refunded to an individual as an earned income credit shall not be treated as income for purposes o… | 2025-09-02T17:14:29Z | https://www.congress.gov/bill/95th-congress/senate-bill/3420 |
| 95-s-3410 | 95 | s | 3410 | A bill to amend the Internal Revenue Code of 1954 to provide an exclusion from gross income of the first $1,500 of net capital gains. | Taxation | 1978-08-15 | 1978-08-15 | Referred to Senate Committee on Finance. | Senate | Sen. Nelson, Gaylord [D-WI] | WI | D | N000033 | 0 | Amends the Internal Revenue Code to exclude from gross income the first $1,500 of net capital gain, other than gain attributable to the sale or exchange of a principal residence. | 2024-08-01T20:10:54Z | https://www.congress.gov/bill/95th-congress/senate-bill/3410 |
| 95-s-3404 | 95 | s | 3404 | A bill to provide rapid depreciation for certain expenditures required by mandatory OSHA health and safety standards. | Taxation | 1978-08-14 | 1978-08-14 | Referred to Senate Committee on Finance. | Senate | Sen. Bentsen, Lloyd M. [D-TX] | TX | D | B000401 | 1 | Amends the Internal Revenue Code to allow the accelerated depreciation (three year useful life with no salvage value) of equipment required to meet mandatory occupational health and safety standards. | 2024-08-01T20:10:54Z | https://www.congress.gov/bill/95th-congress/senate-bill/3404 |
| 95-s-3409 | 95 | s | 3409 | Real Property Tax Reduction Act | Taxation | 1978-08-14 | 1978-08-14 | Referred to Senate Committee on Governmental Affairs. | Senate | Sen. Biden, Joseph R., Jr. [D-DE] | DE | D | B000444 | 0 | Real Property Tax Reduction Act - Makes findings regarding the real property tax system and its impact on the elderly and low or moderate income homeowner or renter. Declares the purpose of this Act to be the encouragement of State and local governments, with Federal financial assistance, to establish a program of property tax relief for the elderly, poor, and renters who pay such tax as part of their rent. Authorizes the Secretary of the Treasury to make payments to States or local governments which establish programs which provide levels of property tax relief based upon the income of an individual homeowner or renter. Places limitations on the amount of payments which a State or locality may receive. Establishes procedures for review of an application for Federal payments under this Act by the Secretary and provides for an appeal to a United States court of appeals of an unfavorable determination by the Secretary. | 2025-09-02T17:14:32Z | https://www.congress.gov/bill/95th-congress/senate-bill/3409 |
| 95-s-3388 | 95 | s | 3388 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income payments made under certain Federal and State cost-sharing programs. | Taxation | 1978-08-09 | 1978-08-09 | Referred to Senate Committee on Finance. | Senate | Sen. Wallop, Malcolm [R-WY] | WY | R | W000092 | 6 | Amends the Internal Revenue Code to exclude from gross income payments under the rural clean water program of the Federal Water Pollution Control Act and the rural abandoned mine program of the Surface Mining Control and Reclamation Act. | 2024-08-01T20:10:50Z | https://www.congress.gov/bill/95th-congress/senate-bill/3388 |
| 95-s-3385 | 95 | s | 3385 | A bill to amend the Internal Revenue Code of 1954 with respect to the exclusion from income of gain from the sale of an individual's principal residence. | Taxation | 1978-08-08 | 1978-08-08 | Referred to Senate Committee on Finance. | Senate | Sen. Church, Frank [D-ID] | ID | D | C000388 | 21 | Amends the Internal Revenue Code to allow a one-time tax exclusion of up to $100,000 of the gain from the sale or exchange of a property used by a taxpayer as his principal residence for at least two years during the three year period prior to the date of the sale or exchange. | 2024-08-01T20:10:54Z | https://www.congress.gov/bill/95th-congress/senate-bill/3385 |
| 95-s-3381 | 95 | s | 3381 | A bill to amend the Internal Revenue Code of 1954 relating to estate taxes to provide that the election to use the alternate valuation date may be made on a return that is filed late. | Taxation | 1978-08-07 | 1978-08-07 | Referred to Senate Committee on Finance. | Senate | Sen. Baker, Howard H., Jr. [R-TN] | TN | R | B000063 | 1 | Amends the Internal Revenue Code to permit the executor of an estate to use the alternate valuation date for estate assets (six months after decedent's death) even if the estate tax return is filed late. | 2024-08-01T20:10:54Z | https://www.congress.gov/bill/95th-congress/senate-bill/3381 |
| 95-s-3367 | 95 | s | 3367 | A bill to amend the Internal Revenue Code of 1954 to provide for the nonrecognition of gain from the involuntary conversion of real property by condemnation through eminent domain. | Taxation | 1978-08-02 | 1978-08-02 | Referred to Senate Committee on Finance. | Senate | Sen. Bellmon, Henry L. [R-OK] | OK | R | B000351 | 0 | Amends the Internal Revenue Code to provide that no gain shall be recognized from the involuntary conversion of real property by condemnation through eminent domain if the taxpayer held such property for the five years prior to the date of conversion. | 2024-08-01T20:10:54Z | https://www.congress.gov/bill/95th-congress/senate-bill/3367 |
| 95-s-3357 | 95 | s | 3357 | A bill to amend the Internal Revenue Code of 1954 with respect to punitive damages received by private litigants under the Clayton Act. | Taxation | 1978-07-31 | 1978-07-31 | Referred to Senate Committee on Finance. | Senate | Sen. Bentsen, Lloyd M. [D-TX] | TX | D | B000401 | 0 | Amends the Internal Revenue Code to exclude from gross income punitive damages (two-thirds of antitrust treble damages) received by a private antitrust litigant, if such litigant brings suit against a particular defendant before the Federal Government institutes criminal proceedings. Disallows tax deductions for antitrust punitive damages paid or incurred by a taxpayer. | 2024-08-01T20:10:53Z | https://www.congress.gov/bill/95th-congress/senate-bill/3357 |
| 95-s-3327 | 95 | s | 3327 | A bill to amend the Internal Revenue Code of 1954 to provide a tax credit to small businesses for filing forms required by Federal law. | Taxation | 1978-07-20 | 1978-07-20 | Referred to Senate Committee on Finance. | Senate | Sen. Durkin, John A. [D-NH] | NH | D | D000574 | 2 | Amends the Internal Revenue Code to allow a five dollar tax credit for each form or document which a small business is required to file with a Federal Government agency. | 2024-08-01T20:10:49Z | https://www.congress.gov/bill/95th-congress/senate-bill/3327 |
| 95-s-3320 | 95 | s | 3320 | Small Business Investment Incentive Act | Taxation | 1978-07-19 | 1978-07-19 | Referred to Senate Committee on Finance. | Senate | Sen. Hathaway, William D. [D-ME] | ME | D | H000346 | 3 | Small Business Investment Incentive Act - Amends the Internal Revenue Code to allow a tax credit equal to ten percent of the cost of small business incentive stock (original issue stock issued by a corporation which has equity capital of $25,000,000 or less) acquired by a taxpayer who holds such stock for more than one year. Limits the allowable amount of such credit to $750 for any taxable year. Denies eligibility for such credit to individuals who are claimed as dependents by another taxpayer for purposes of the personal exemption. Disqualifies stock acquired more than 180 days after issuance, stock acquired by an underwriter, certain redemptions or refinancing issues, and investment company stock from treatment as incentive stock. Renders estates or trusts ineligible for the incentive stock tax credit. | 2025-09-02T17:14:23Z | https://www.congress.gov/bill/95th-congress/senate-bill/3320 |
| 95-s-3321 | 95 | s | 3321 | Tax Reduction Act | Taxation | 1978-07-19 | 1978-07-19 | Referred to Senate Committee on Finance. | Senate | Sen. Bentsen, Lloyd M. [D-TX] | TX | D | B000401 | 1 | Tax Reduction Act - Title I: Provisions Primarily Affecting Individual Income Tax - Amends the Internal Revenue Code to reduce income taxes for individuals and estates and trusts for taxable years beginning after December 31, 1978. Increases the zero bracket amount to $3,400 for certain surviving spouses and married individuals filing joint tax returns, to $2,300 for unmarried individuals, and to $1,700 for a married individual filing a separate return. Increases for single individuals, surviving spouses, and married individuals filing joint tax returns the minimum income level at which an income tax return must be filed. Adjusts withholding amounts to reflect such increases. Increases the personal exemption from $750 to $1,000. Makes permanent the earned income credit. Repeals tax deductions for State and local taxes on the sale of gasoline, diesel fuel, and other motor fuels. Revises the tax deduction for medical and dental expenses to permit the taxpayer to deduct all expenses relating to medical care, medical insurance, and prescription drugs which exceed three percent of the taxpayer's adjusted gross income. Repeals special provisions allowing itemized deductions for one-half the cost of medical and hospitalization insurance premiums (up to $150) and for medicine and drug expenses which exceed one percent of adjusted gross income. Defines "prescribed drug" to mean a drug or biological requiring a prescription of a physician for its use by an individual. Repeals the tax deduction for contributions to candidates for public office and to political newsletter funds. Requires the inclusion of certain amounts of unemployment compensation in gross income if gross income otherwise exceeds certain prescribed levels for any taxable year. Permits deferral of income tax on compensation received by an employee under a public or private nonqualified deferred compensation plan. Limits employer contributions to such plans to the same extent as contributions to qualified plans are limited. Requires a public plan to pro… | 2025-09-02T17:14:23Z | https://www.congress.gov/bill/95th-congress/senate-bill/3321 |
| 95-s-3301 | 95 | s | 3301 | A bill to amend the Tax Reform Act of 1976. | Taxation | 1978-07-14 | 1978-07-14 | Referred to Senate Committee on Finance. | Senate | Sen. Bayh, Birch [D-IN] | IN | D | B000254 | 3 | Amends the Internal Revenue Code to render the basis rule for player contracts transferred in connection with the sale of a sports franchise inapplicable to the sale or exchange of a sports franchise after December 31, 1975, and before March 1, 1977, if the principal stockholder of such franchise at the time of its sale had purchased more than 50 percent of its voting stock prior to December 31, 1975. | 2024-08-01T20:10:49Z | https://www.congress.gov/bill/95th-congress/senate-bill/3301 |
| 95-s-3285 | 95 | s | 3285 | A bill to amend the Internal Revenue Code of 1954. | Taxation | 1978-07-13 | 1978-07-13 | Referred to Senate Committee on Finance. | Senate | Sen. Tower, John G. [R-TX] | TX | R | T000322 | 11 | Amends the Internal Revenue Code to allow, retroactively to August 15, 1971, the investment tax credit for the construction of agricultural structures used for single purpose food production. | 2024-08-01T20:10:49Z | https://www.congress.gov/bill/95th-congress/senate-bill/3285 |
| 95-s-3287 | 95 | s | 3287 | A bill to amend the Internal Revenue Code of 1954 to provide that certain unitary hog confinement facilities be eligible for the investment tax credit. | Taxation | 1978-07-13 | 1978-07-13 | Referred to Senate Committee on Finance. | Senate | Sen. Curtis, Carl T. [R-NE] | NE | R | C001006 | 0 | Amends the Internal Revenue Code to allow retroactively to 1971, the ten percent investment tax credit for certain unitary hog confinement facilities. | 2024-08-01T20:10:49Z | https://www.congress.gov/bill/95th-congress/senate-bill/3287 |
| 95-s-3288 | 95 | s | 3288 | A bill to amend the Internal Revenue Code of 1954 to allow a retirement savings deduction for persons covered by certain pension plans. | Taxation | 1978-07-13 | 1978-07-13 | Referred to Senate Committee on Finance. | Senate | Sen. Dole, Robert J. [R-KS] | KS | R | D000401 | 3 | Amends the Internal Revenue Code to allow a deduction from the gross income of an employee who is a participant in a pension plan for cash contributions made by the employee to: (1) a qualified pension, profit sharing, or stock bonus plan; (2) a qualified annuity plan; (3) a qualified bond purchase plan; (4) an individual retirement plan; or (5) a group retirement trust maintained by a labor organization. Limits such deduction to ten percent of the employee's compensation for the taxable year or $1,000, whichever is less. | 2024-08-01T20:10:48Z | https://www.congress.gov/bill/95th-congress/senate-bill/3288 |
| 95-s-3289 | 95 | s | 3289 | A bill to amend the Internal Revenue Code of 1954 to clarify the application of the investment tax credit to certain enclosures or structures used for the housing, raising, or feeding of poultry or their produce. | Taxation | 1978-07-13 | 1978-07-13 | Referred to Senate Committee on Finance. | Senate | Sen. Roth Jr., William V. [R-DE] | DE | R | R000460 | 1 | Amends the Internal Revenue Code to allow a ten percent investment tax credit for the construction of enclosures or structures used exclusively for the housing, raising, or feeding of poultry or their produce. | 2024-08-01T20:10:49Z | https://www.congress.gov/bill/95th-congress/senate-bill/3289 |
| 95-s-3291 | 95 | s | 3291 | A bill to amend the Internal Revenue Code of 1954 to increase the percentage-of-compensation limitation on employee stock ownership plan contributions. | Taxation | 1978-07-13 | 1978-07-13 | Referred to Senate Committee on Finance. | Senate | Sen. Gravel, Mike [D-AK] | AK | D | G000388 | 0 | Amends the Internal Revenue Code to increase the annual amount which an employer may contribute to an employee stock ownership plan on behalf of an employee to 50 percent, or $25,000 whichever is less, of the compensation paid the employee. | 2024-08-01T20:10:49Z | https://www.congress.gov/bill/95th-congress/senate-bill/3291 |
| 95-s-3264 | 95 | s | 3264 | A bill to assist in alleviating the burden on State and local governments caused by State constitutional limitations on their power to impose real property taxes by modifying matching fund requirements and maintenance of effort requirements in Federal programs to the extent that Federal revenues are increased by reason of such limitations. | Taxation | 1978-06-29 | 1978-06-29 | Referred to Senate Committee on Governmental Affairs. | Senate | Sen. Cranston, Alan [D-CA] | CA | D | C000877 | 1 | Authorizes a State to apply, as the State's share of the funds in a Federal matching fund program or maintenance of effort requirement, the amount by which Federal income tax collections from such State were increased by the passage of a real property tax limitation provision of the State constitution. | 2025-01-14T19:03:55Z | https://www.congress.gov/bill/95th-congress/senate-bill/3264 |
| 95-s-3265 | 95 | s | 3265 | A bill to amend the Internal Revenue Code of 1954 to allow an individual to exclude from gross income the gain from the sale or exchange of the individual's principal residence. | Taxation | 1978-06-29 | 1978-06-29 | Referred to Senate Committee on Finance. | Senate | Sen. Roth Jr., William V. [R-DE] | DE | R | R000460 | 5 | Amends the Internal Revenue Code to allow a taxpayer a single election to exclude from gross income the gain from the sale or exchange of the taxpayer's principal residence provided that the taxpayer has owned and used the property as his principal residence for at least 12 months. Eliminates the requirement that the taxpayer reach age 65 before the date of the sale or exchange. | 2024-08-01T20:10:48Z | https://www.congress.gov/bill/95th-congress/senate-bill/3265 |
| 95-s-3268 | 95 | s | 3268 | A bill to direct the Secretary of the Treasury and the Council of Economic Advisers to prepare a tax impact study for the Congress. | Taxation | 1978-06-29 | 1978-06-29 | Referred to Senate Committee on Finance. | Senate | Sen. Hathaway, William D. [D-ME] | ME | D | H000346 | 0 | Directs the Secretary of the Treasury and the Council of Economic Advisors to report to Congress on the impact of Federal, State, and local government taxation on the American economy. Requires that such report include an analysis of (1) the distribution of the tax burden according to income classes and (2) the effect of taxes on the pricing of goods and services, the determination of wages and fringe benefits, and the return on capital investment for holders of securities. | 2024-08-01T20:10:48Z | https://www.congress.gov/bill/95th-congress/senate-bill/3268 |
| 95-s-3250 | 95 | s | 3250 | A bill to amend the Internal Revenue Code of 1954 to make the investment tax credit applicable to certain agricultural buildings and their structural components. | Taxation | 1978-06-27 | 1978-06-27 | Referred to Senate Committee on Finance. | Senate | Sen. Melcher, John [D-MT] | MT | D | M000635 | 1 | Amends the Internal Revenue Code to allow the investment tax credit for agricultural buildings and their structural components used exclusively for agricultural production, storage, and marketing. | 2024-08-01T20:10:48Z | https://www.congress.gov/bill/95th-congress/senate-bill/3250 |
| 95-s-3239 | 95 | s | 3239 | A bill to amend the Internal Revenue Code of 1954 to provide that the holding period for a new principal residence which replaces a principal residence involuntarily converted may be increased by the holding period of the involuntarily converted residence for purposes of section 121. | Taxation | 1978-06-23 | 1978-06-23 | Referred to Senate Committee on Finance. | Senate | Sen. Matsunaga, Spark M. [D-HI] | HI | D | M000250 | 0 | Amends the Internal Revenue Code to provide that the amount of time which a taxpayer holds a principal residence, for purposes of the holding period requirements for the nonrecognition of gain from the sale of a principal residence by a taxpayer who has attained age 65, may be increased by the amount of time such taxpayer held a prior principal residence which was involuntarily converted through destruction, theft, seizure, requisition, or condemnation. | 2024-08-01T20:10:47Z | https://www.congress.gov/bill/95th-congress/senate-bill/3239 |
| 95-s-3241 | 95 | s | 3241 | Expanded Employee Stock Ownership Act | Taxation | 1978-06-23 | 1978-06-23 | Referred to Senate Committee on Finance. | Senate | Sen. Byrd, Robert C. [D-WV] | WV | D | B001210 | 0 | Expanded Employee Stock Ownership Act - Amends the Internal Revenue Code to allow an investment tax credit equal to the greater of two percent of the cost of qualified depreciable investment property or one percent of the total compensation paid to employees who participate in a special employee stock ownership plan for corporations which establish such a stock ownership plan. Sets forth requirements for the establishment of a special employee stock ownership plan, including requirements that: (1) at least one-half of the employer securities transferred to a plan qualify as newly issued employer securities; (2) the plan provide for the allocation of employer securities to employee-participants on the basis of income; and (3) the plan provide each participant with a nonforfeitable right to stock allocated to his account. Excludes employee stock ownership plan annuities and certain other pension plan annuities (that are currently includible) from inclusion in the gross estate for purposes of the estate tax. Qualifies employee stock ownership plan participants for the retirement savings income tax deduction. Exempts plan participants from providing a put option (contract for the sale of supposed stock on a future day) for any securities distributed from a plan which permits such participants to receive cash instead of a distribution of securities. Grants an income tax deduction to employers for the payment of dividends with respect to employer securities and permits a deduction for certain bequests and charitable contributions to an employee stock ownership plan. Eliminates contributions made to an employee stock ownership plan as an item of tax preference for purposes of the minimum tax. | 2025-09-02T17:14:23Z | https://www.congress.gov/bill/95th-congress/senate-bill/3241 |
| 95-s-3218 | 95 | s | 3218 | A bill to amend the Internal Revenue Code of 1954 to allow the tax-exempt status of the interest of certain life insurance accounts to flow-through to policyholders. | Taxation | 1978-06-22 | 1978-06-22 | Referred to Senate Committee on Finance. | Senate | Sen. Bentsen, Lloyd M. [D-TX] | TX | D | B000401 | 0 | Amends the Internal Revenue Code to permit holders of life insurance policies to receive tax free income under annuity contracts funded by segregated exempt-interest accounts in which 50 percent of the assets of such accounts consists of tax-exempt State or local government securities. Disallows tax deductions for expenses and interest incurred by life insurance companies in the maintenance of such exempt-interest asset accounts. | 2024-08-01T20:10:47Z | https://www.congress.gov/bill/95th-congress/senate-bill/3218 |
| 95-s-3223 | 95 | s | 3223 | A bill to amend the Internal Revenue Code of 1954 to provide tax incentives for the establishment of general stock ownership plans. | Taxation | 1978-06-22 | 1978-06-22 | Referred to Senate Committee on Finance. | Senate | Sen. Gravel, Mike [D-AK] | AK | D | G000388 | 0 | Amends the Internal Revenue Code to confer tax-exempt status on a general stock ownership plan (GSOP) maintained by the United States, a State, or a locality to enable its residents to purchase corporate securities. Sets forth requirements relating to the residency of GSOP participants, distributions of stock to participants, and the limitations on ownership of any corporation's GSOP stock (ten shares) which a sponsoring jurisdiction must incorporate in its stock ownership plan. Defers taxation on stock transferred to a GSOP participant until such participant sells or exchanges the stock. Defers taxation on distributions made to a GSOP participant until such amounts are actually paid, and treats such amounts as dividends for purposes of income taxation. Allows an income tax deduction for payments to a general stock ownership plan by a corporation. Subjects a general stock ownership plan to the tax on prohibited transactions if a GSOP fails to make distributions as required under its plan. Exempts a general stock ownership plan from the tax on unrelated business activities. Excludes from gross income the interest paid on an industrial development bond obligation of a general stock ownership plan. | 2024-08-01T20:10:41Z | https://www.congress.gov/bill/95th-congress/senate-bill/3223 |
| 95-s-3204 | 95 | s | 3204 | A bill to amend the Internal Revenue Code of 1954 to provide that the occupational tax on wagering shall not apply in any State in which wagering is permitted by law. | Taxation | 1978-06-15 | 1978-06-15 | Referred to Senate Committee on Finance. | Senate | Sen. Cannon, Howard W. [D-NV] | NV | D | C000120 | 0 | Amends the Internal Revenue Code to provide that the occupational tax on wagering shall not apply in any State in which wagering is permitted by law. | 2024-08-01T20:10:41Z | https://www.congress.gov/bill/95th-congress/senate-bill/3204 |
| 95-s-3194 | 95 | s | 3194 | A bill to prohibit the issuance of regulations on the taxation of fringe benefits. | Taxation | 1978-06-13 | 1978-06-13 | Referred to Senate Committee on Finance. | Senate | Sen. Roth Jr., William V. [R-DE] | DE | R | R000460 | 0 | Prohibits the Internal Revenue Service from issuing any regulation between May 1, 1978, and December 1, 1979, providing for the inclusion of any fringe benefit in gross income for the purposes of taxation. | 2024-08-01T20:10:41Z | https://www.congress.gov/bill/95th-congress/senate-bill/3194 |
| 95-s-3191 | 95 | s | 3191 | A bill to authorize the home production of beer and wine. | Taxation | 1978-06-12 | 1978-06-12 | Referred to Senate Committee on Finance. | Senate | Sen. Cranston, Alan [D-CA] | CA | D | C000877 | 0 | Amends the Internal Revenue Code to change the tax exemption for wine produced for personal consumption to allow an adult to produce: (1) 200 gallons of wine for personal consumption per year if there are two or more adults in the household; or (2) 100 gallons for such consumption if there is only one adult in the household. Allows a tax exemption for beer produced by an adult for personal consumption in the amounts set forth above. | 2024-08-01T20:10:41Z | https://www.congress.gov/bill/95th-congress/senate-bill/3191 |
| 95-s-3183 | 95 | s | 3183 | A bill to clarify section 119 of the Internal Revenue Code of 1954 by an amendment making it clear that meals provided in kind by an employer to an employee may be considered furnished for the convenience of the employer without regard to whether a charge is made or whether the employee is required to accept such meals. | Taxation | 1978-06-08 | 1978-06-08 | Referred to Senate Committee on Finance. | Senate | Sen. Dole, Robert J. [R-KS] | KS | R | D000401 | 0 | Amends the Internal Revenue Code to provide that meals furnished by an employer to an employee may be considered furnished for the convenience of the employer (and the value excluded from the employee's gross income) without regard to whether a charge is made or whether the employee is required to accept such meals. | 2024-08-01T20:10:41Z | https://www.congress.gov/bill/95th-congress/senate-bill/3183 |
| 95-s-3166 | 95 | s | 3166 | A bill to amend the Internal Revenue Code of 1954 to exclude from gross income a portion of each individual's personal service income to reflect the loss in the purchasing power of that income attributable to inflation. | Taxation | 1978-06-07 | 1978-06-07 | Referred to Senate Committee on Finance. | Senate | Sen. Dole, Robert J. [R-KS] | KS | R | D000401 | 0 | Amends the Internal Revenue Code to exclude from gross income a percentage of an individual's personal service income which is equal to the percent difference, as determined by the Bureau of Labor Statistics, between the price index for any 12 month period preceding a calendar year beginning in 1979 and the price index for calendar year 1977. | 2024-08-01T20:10:40Z | https://www.congress.gov/bill/95th-congress/senate-bill/3166 |
| 95-s-3172 | 95 | s | 3172 | A bill to amend the Internal Revenue Code of 1954 to permit a church plan to continue after 1982 to provide benefits for employees of organizations controlled by or associated with the church and to make certain clarifying amendments to the definition of church plan. | Taxation | 1978-06-07 | 1978-06-07 | Referred to Senate Committee on Finance. | Senate | Sen. Talmadge, Herman E. [D-GA] | GA | D | T000035 | 1 | Amends the Internal Revenue Code to make permanent the special tax treatment of church agency pension plans as qualified church plans. Provides that plans maintained by groups or associations of churches include individuals "substantially all" of whom are qualified beneficiaries. Allows such plans to retain accrued benefits, according to their terms, or to continue receiving contributions for up to five years for separated employees. Allows any plan which is determined to have failed to meet church plan requirements a grace period of 270 days, or any other period specified by the Secretary of the Treasury or a court in an adjudication of such an issue, to bring itself into compliance without becoming disqualified. Applies these provisions retroactively to 1974. | 2024-08-01T20:10:40Z | https://www.congress.gov/bill/95th-congress/senate-bill/3172 |
| 95-s-3173 | 95 | s | 3173 | A bill to amend section 403 (b) of the Internal Revenue Code of 1954 with respect to computation of the exclusion allowance for ministers and lay employees of the church, and to amend sections 403 (b) (2) (B), 415 (c) (4), 415 (d) (1), and 415 (d) (2) and to add a new section 415 (c) (8) to extend the special elections for section 403 (b) annuity contracts to employees of churches, conventions, or associations of churches, and their agencies and to permit a de minimis contribution amount in lieu of such elections. | Taxation | 1978-06-07 | 1978-06-07 | Referred to Senate Committee on Finance. | Senate | Sen. Talmadge, Herman E. [D-GA] | GA | D | T000035 | 0 | Amends the Internal Revenue Code to treat the years of service of a duly ordained, commissioned, or licensed minister of a church as years of service for one employer for purposes of computing the employee income tax exclusion allowance for employer contributions to annuities. Grants to church employees the same option presently enjoyed by employees of tax-exempt health and education organizations to elect alternative exclusion allowances for contributions to annuities. Provides a minimum $10,000 allowance for annual additions to such annuities without regard to the amount of the employee's compensation. | 2024-08-01T20:10:40Z | https://www.congress.gov/bill/95th-congress/senate-bill/3173 |
| 95-s-3176 | 95 | s | 3176 | A bill to amend section 118 of the Internal Revenue Code of 1954 to clarify the treatment of contributions in aid of construction to regulated electric or gas utilities. | Taxation | 1978-06-07 | 1978-06-07 | Referred to Senate Committee on Finance. | Senate | Sen. Laxalt, Paul D. [R-NV] | NV | R | L000148 | 3 | Amends the Internal Revenue Code to allow public utilities to exclude from gross income, as contributions to capital, all amounts received in aid of construction of electric energy, steam, or gas facilities. | 2024-08-01T20:10:40Z | https://www.congress.gov/bill/95th-congress/senate-bill/3176 |
| 95-s-3147 | 95 | s | 3147 | A bill to prohibit the issuance of regulations on the taxation of fringe benefits. | Taxation | 1978-05-25 | 1978-05-25 | Referred to Senate Committee on Finance. | Senate | Sen. Dole, Robert J. [R-KS] | KS | R | D000401 | 8 | Prohibits the Internal Revenue Service from issuing any regulation between July 1, 1978, and July 1, 1979, providing for the inclusion of any fringe benefit in gross income for purposes of taxation. | 2024-08-01T20:10:40Z | https://www.congress.gov/bill/95th-congress/senate-bill/3147 |
| 95-s-3149 | 95 | s | 3149 | A bill to amend the Internal Revenue Code with respect to loan guarantees for the assistance of the city of New York. | Taxation | 1978-05-25 | 1978-05-25 | Referred to Senate Committee on Finance. | Senate | Sen. Moynihan, Daniel Patrick [D-NY] | NY | D | M001054 | 1 | Amends the Internal Revenue Code to provide that the payment of interest and principal with respect to federally guaranteed obligations for the assistance of New York City shall be subject to Federal taxation. Sets forth rules for the exchange of guaranteed obligations which lapse under the New York City Loan Guarantee Act of 1978. Excludes such obligations from treatment as capital assets. | 2024-08-01T20:10:40Z | https://www.congress.gov/bill/95th-congress/senate-bill/3149 |
| 95-s-3150 | 95 | s | 3150 | A bill to amend the Internal Revenue Code with respect to financial assistance for the city of New York. | Taxation | 1978-05-25 | 1978-05-25 | Referred to Senate Committee on Finance. | Senate | Sen. Moynihan, Daniel Patrick [D-NY] | NY | D | M001054 | 1 | Amends the Internal Revenue Code to provide that the payment of interest and principal with respect to federally guaranteed obligations for the assistance of New York City shall be subject to Federal taxation. | 2024-08-01T20:10:40Z | https://www.congress.gov/bill/95th-congress/senate-bill/3150 |
| 95-s-3134 | 95 | s | 3134 | A bill to provide that certain statutory subsistence allowances received by State police officers will not retroactively be included in gross income. | Taxation | 1978-05-23 | 1978-05-23 | Referred to Senate Committee on Finance. | Senate | Sen. Allen, James B. [D-AL] | AL | D | A000127 | 9 | Amends the Internal Revenue Code to exclude from gross income, statutory subsistence allowances received by State police officers between 1969 and 1978. | 2024-08-01T20:10:39Z | https://www.congress.gov/bill/95th-congress/senate-bill/3134 |
| 95-s-3125 | 95 | s | 3125 | A bill to amend the Internal Revenue Code of 1954 with respect to the treatment of an involuntary conversion of real property to which the special farm valuation provisions of the Federal estate tax apply. | Taxation | 1978-05-22 | 1978-05-22 | Referred to Senate Committee on Finance. | Senate | Sen. Dole, Robert J. [R-KS] | KS | R | D000401 | 0 | Amends the Internal Revenue Code to limit, at the taxpayer's election, the recapture of estate taxes not paid on specially valuated farm real property in cases of involuntary conversions to so much of the amount realized on the conversion as is not reinvested in replacement property. Provides for an upward adjustment the carried-over basis of such property to the extent that additional estate taxes are assessed. | 2024-08-01T20:10:39Z | https://www.congress.gov/bill/95th-congress/senate-bill/3125 |
| 95-s-3111 | 95 | s | 3111 | A bill to amend the Internal Revenue Code of 1954 to allow the charitable deduction to taxpayers whether or not they itemize their personal deductions. | Taxation | 1978-05-19 | 1978-05-19 | Referred to Senate Committee on Finance. | Senate | Sen. Moynihan, Daniel Patrick [D-NY] | NY | D | M001054 | 18 | Amends the Internal Revenue Code to provide that an individual's allowable charitable contributions shall be deducted when determining the individual's adjusted gross income, thereby allowing the deduction to individuals who do not itemize. | 2024-08-01T20:10:39Z | https://www.congress.gov/bill/95th-congress/senate-bill/3111 |
| 95-s-3057 | 95 | s | 3057 | A bill to amend the Internal Revenue Code of 1954 to provide relief to residential and certain institutional users of refined petroleum products in the event of a Presidential adjustment of imports of petroleum. | Taxation | 1978-05-11 | 1978-05-11 | Referred to Senate Committee on Finance. | Senate | Sen. Ribicoff, Abraham A. [D-CT] | CT | D | R000191 | 10 | Amends the Internal Revenue Code to allow a tax credit for increases in the cost of refined petroleum products due to the imposition of duties or fees on such products by the President pursuant to the Trade Expansion Act of 1962. Limits eligibility for such credit to residential users, hospitals, churches, and educational institutions. Limits the amount of allowable credit to $75 for an individual taxpayer. Reduces the amount of allowable credit by 75 percent of the amount by which the adjusted gross income of such individual exceeds $20,000. Authorizes the Secretary of the Treasury to refund in advance one-fourth of the taxpayer's tentative credit under this Act for the taxable year. | 2024-08-01T20:10:38Z | https://www.congress.gov/bill/95th-congress/senate-bill/3057 |
| 95-s-3065 | 95 | s | 3065 | Investment Incentive Act | Taxation | 1978-05-11 | 1978-05-11 | Referred to Senate Committee on Finance. | Senate | Sen. Hansen, Clifford P. [R-WY] | WY | R | H000170 | 62 | Investment Incentive Act - Amends the Internal Revenue Code to restore part of the pre-1969 tax treatment of capital gains by repealing the capital gains item of tax preference for the minimum tax; lowering the corporate alternative tax to 25 percent of net capital gain; and lowering the alternative individual tax to 25 percent of net capital gain. | 2025-09-02T17:14:14Z | https://www.congress.gov/bill/95th-congress/senate-bill/3065 |
| 95-s-3049 | 95 | s | 3049 | Product Liability Self-Insurance Act | Taxation | 1978-05-09 | 1978-05-09 | Referred to Senate Committee on Finance. | Senate | Sen. Culver, John C. [D-IA] | IA | D | C000979 | 3 | Product Liability Self-Insurance Act - Amends the Internal Revenue Code to allow a deduction to any business enterprise engaged in the manufacture, importation, distribution, lease, or sale of any product for contributions to its product liability loss reserve account and for amounts paid to a captive insurer (wholly or partially-owned by the taxpayer) for product liability insurance. Specifies the amount a taxpayer may deduct based upon the ability of such taxpayer to obtain insurance through conventional channels. Disallows any deductions for product liability losses which do not exceed the sum of the total reserve funds in the taxpayer's account at the beginning of the taxable year plus the amount of deductible payment made by the taxpayer to the account during such year. Imposes penalties for the improper use of product liability reserve funds. Treats amounts accumulated in the taxpayer product liability loss reserve account as amounts accumulated for reasonably anticipated business needs, for purposes of avoiding the accumulated earnings tax. | 2025-09-02T17:14:14Z | https://www.congress.gov/bill/95th-congress/senate-bill/3049 |
| 95-s-3000 | 95 | s | 3000 | Enhanced Oil Recovery Tax Act | Taxation | 1978-04-27 | 1978-04-27 | Referred to Senate Committee on Finance. | Senate | Sen. Hart, Gary W. [D-CO] | CO | D | H000287 | 2 | Enhanced Oil Recovery Tax Act - Amends the Internal Revenue Code to allow a deduction from gross income for all expenses paid or incurred for the tertiary or enhanced oil recovery production of domestic crude oil. | 2025-09-02T17:14:06Z | https://www.congress.gov/bill/95th-congress/senate-bill/3000 |
| 95-s-3015 | 95 | s | 3015 | A bill to amend the Internal Revenue Code of 1954 to disregard, in the valuation for estate tax purposes of certain items created by the decedent during his life, any amount which would not have been capital gain if such item had been sold by the decedent at its fair market value. | Taxation | 1978-04-27 | 1978-04-27 | Referred to Senate Committee on Finance. | Senate | Sen. Griffin, Robert P. [R-MI] | MI | R | G000465 | 0 | Amends the Internal Revenue Code to provide that artistic compositions, copyrights, and the like shall not be included in the estate tax valuation of the creator's estate. | 2024-08-01T20:10:30Z | https://www.congress.gov/bill/95th-congress/senate-bill/3015 |
| 95-s-2993 | 95 | s | 2993 | A bill to amend the Internal Revenue Code of 1954 to provide a credit against tax for certain expenditures in connection with the rehabilitation of certain buildings. | Taxation | 1978-04-26 | 1978-04-26 | Referred to Senate Committee on Finance. | Senate | Sen. Bentsen, Lloyd M. [D-TX] | TX | D | B000401 | 0 | Amends the Internal Revenue Code to permit a credit against tax equalling ten percent of the expenditures in rehabilitating residential, commercial, and industrial structures which are at least 20 years old and have a useful life of five years or more. Limits the allowable credit to $2,000 in any taxable year. Requires that expenditures for rehabilitation exceed $3,000 over a period of two consecutive years. Permits a carryback and carryover of the credit to other years if ten percent of the expenditures for rehabilitation in any taxable year exceeds $2,000. Increases the tax liability of a non-residential owner of a rehabilitated structure who sells such structure by the amount of the credit allowed for rehabilitation in the taxable year of the sale and the prior two taxable years. | 2024-08-01T20:10:30Z | https://www.congress.gov/bill/95th-congress/senate-bill/2993 |
| 95-s-2958 | 95 | s | 2958 | Urban Investment Tax Credit Act | Taxation | 1978-04-20 | 1978-04-20 | Referred to Senate Committee on Finance. | Senate | Sen. Mathias, Charles McC., Jr. [R-MD] | MD | R | M000241 | 0 | Urban Investment Tax Credit Act - Amends the Internal Revenue Code to increase from ten percent to 12 percent the tax credit for investment in certain depreciable property if the investment is in cities with a population of 100,000 or more, and an unemployment rate of 6.5 percent or more for any three out of the 12 months prior to the enactment of this Act. Directs the Secretary of the Treasury, under specified conditions, to issue certificates of eligibility for such tax benefits to persons engaged in, or desiring to engage in, a qualified enterprise. Limits qualified enterprises to: (1) retail manufacturing and processing; (2) distribution of personal property; (3) sale of retail goods and services; (4) basic and applied research; and (5) building construction. Makes investments for rehabilitation and modernization, as well as for new construction eligible for such tax credit. | 2025-09-02T17:14:06Z | https://www.congress.gov/bill/95th-congress/senate-bill/2958 |
| 95-s-2959 | 95 | s | 2959 | A bill to amend the Internal Revenue Code of 1954 to provide a special deduction for the employment of unemployed residents of urban areas by businesses locating in those areas. | Taxation | 1978-04-20 | 1978-04-20 | Referred to Senate Committee on Finance. | Senate | Sen. Mathias, Charles McC., Jr. [R-MD] | MD | R | M000241 | 0 | Amends the Internal Revenue Code to allow a tax deduction equal to 25 percent of the wages paid or incurred to new employees, formerly unemployed for 30 days or more in the previous six months. Limits such deduction to qualified businesses in cities having a population of 100,000 or more, and an unemployment rate of 6.5 percent. Defines a qualified business as one engaged in: (1) retail manufacturing and processing; (2) distribution of personal property; (3) the sale of retail goods and services; (4) basic and applied research; or (5) building construction. | 2024-08-01T20:10:29Z | https://www.congress.gov/bill/95th-congress/senate-bill/2959 |
| 95-s-2960 | 95 | s | 2960 | Economically Distressed Cities Revenue Bond Act | Taxation | 1978-04-20 | 1978-04-20 | Referred to Senate Committee on Finance. | Senate | Sen. Mathias, Charles McC., Jr. [R-MD] | MD | R | M000241 | 0 | Economically Distressed Cities Revenue Bond Act - Amends the Internal Revenue Code to increase from $5,000,000 to $50,000,000 the investment ceiling on tax-exempt industrial development bonds for any city whose population exceeds 100,000, if such city has had an unemployment rate of 6.5 percent or greater for any three of the preceeding 12 months. | 2025-09-02T17:14:05Z | https://www.congress.gov/bill/95th-congress/senate-bill/2960 |
| 95-s-2966 | 95 | s | 2966 | A bill to amend the Internal Revenue Code of 1954 to increase the investment tax credit for qualified farm property to 15 percent, effective as of January 1, 1976. | Taxation | 1978-04-20 | 1978-04-20 | Referred to Senate Committee on Finance. | Senate | Sen. Anderson, Wendell R. [D-MN] | MN | D | A000202 | 0 | Amends the Internal Revenue Code to allow an investment tax credit for qualified farm property equal to 15 percent of the new investment. | 2024-08-01T20:10:29Z | https://www.congress.gov/bill/95th-congress/senate-bill/2966 |
| 95-s-2943 | 95 | s | 2943 | A bill to amend the Internal Revenue Code of 1954 with respect to refunding obligations. | Taxation | 1978-04-19 | 1978-04-19 | Referred to Senate Committee on Finance. | Senate | Sen. Curtis, Carl T. [R-NE] | NE | R | C001006 | 0 | Amends the Internal Revenue Code with respect to industrial development bonds to permit refunding issues to proceed to closing, notwithstanding Treasury Department regulations proposed on December 1, 1979, but only if, prior to that date: (1) specified authorizing actions toward the issuance of the refunding obligations were taken by the issuer's governing body or the affected corporation; or (2) a bond purchase agreement for the sale of the refunding obligations had been executed. Requires that the proceeds of such refunding obligations be applied solely to the payment of principal, interest, and any redemption premium on the refunded obligations either at or prior to the maturity thereof, and the payment of the issuance expenses of the refunding bonds. | 2024-08-01T20:10:29Z | https://www.congress.gov/bill/95th-congress/senate-bill/2943 |
| 95-s-2936 | 95 | s | 2936 | Corporate Tax Reduction Act | Taxation | 1978-04-18 | 1978-04-18 | Referred to Senate Committee on Finance. | Senate | Sen. Hathaway, William D. [D-ME] | ME | D | H000346 | 0 | Corporate Tax Reduction Act - Amends the Internal Revenue Code to reduce the rate of tax on the first $150,000 of corporate income and to increase the corporate surtax exemption. | 2025-09-02T17:14:05Z | https://www.congress.gov/bill/95th-congress/senate-bill/2936 |
| 95-s-2921 | 95 | s | 2921 | A bill to amend the Internal Revenue Code of 1954 to reduce the excise tax based on investment income of private foundations. | Taxation | 1978-04-17 | 1978-04-17 | Referred to Senate Committee on Finance. | Senate | Sen. Bartlett, Dewey F. [R-OK] | OK | R | B000200 | 1 | Amends the Internal Revenue Code to reduce from four percent to two percent the excise tax on private foundations' investment income. | 2024-08-01T20:10:29Z | https://www.congress.gov/bill/95th-congress/senate-bill/2921 |
| 95-s-2922 | 95 | s | 2922 | A bill to revise present nursery exemption in Section 447(a) Title 26, U.S.C., to apply regardless of form of business or present method of accounting. | Taxation | 1978-04-17 | 1978-04-17 | Referred to Senate Committee on Finance. | Senate | Sen. Bartlett, Dewey F. [R-OK] | OK | R | B000200 | 1 | Amends the Internal Revenue Code to state that, regardless of the form of business or method of accounting, no person shall be required to maintain inventories of growing plants in the course of the trade or business of operating a nursery. | 2024-08-01T20:10:29Z | https://www.congress.gov/bill/95th-congress/senate-bill/2922 |
| 95-s-2929 | 95 | s | 2929 | Taxpayers Bill of Rights Act | Taxation | 1978-04-17 | 1978-04-17 | Referred to Senate Committee on Finance. | Senate | Sen. Helms, Jesse [R-NC] | NC | R | H000463 | 7 | Taxpayers' Bill of Rights Act - Requires the Secretary of the Treasury to prepare, for distribution to taxpayers, brief but comprehensive pamphlets which set forth in nontechnical terms: (1) the rights and obligations of taxpayers during an audit; (2) the procedures which the Internal Revenue Service may use in enforcing revenue laws; and (3) the procedures by which a taxpayer may appeal adverse decisions, prosecute refund claims, and file taxpayer complaints. Requires a copy of such pamphlet to accompany the first communication from the Service to any taxpayer regarding tax liability. Establishes within the Internal Revenue Service an Office of Taxpayer Services, directed by an Assistant Commissioner of Internal Revenue, whose primary responsibilities shall include: (1) assisting taxpayers with information about tax returns, audits corrections, appeals procedures, and payment or document location; and (2) receiving and evaluating complaints of improper, abusive, or inefficient service by Internal Revenue Service personnel. Authorizes the Assistant Commissioner for Taxpayer Services to issue a Taxpayer Assistance Order prohibiting the Secretary, for up to 60 days after such issuance, from taking any assessment, collection, or other action adverse to a taxpayer if the Assistant Commissioner determines that such taxpayer is suffering from an unusual, unnecessary, or irreparable loss as a result of such action. Prescribes criminal penalties for: (1) any investigation by employees of the United States in connection with Federal tax laws which inquires into the beliefs, associations, or activities of any individual which are not directly related to such tax laws; or (2) the maintenance of any records containing information derived from such an investigation. Creates a civil cause of action for any taxpayer aggrieved by a prohibited investigation, or by the deprivation of any civil rights. Permits the award of a judgment of costs, including reasonable attorney's fees, to a prevailing taxpayer in any proceeding before t… | 2025-09-02T17:14:05Z | https://www.congress.gov/bill/95th-congress/senate-bill/2929 |
| 95-s-2930 | 95 | s | 2930 | A bill to authorize the home production of beer and wine. | Taxation | 1978-04-17 | 1978-04-17 | Referred to Senate Committee on Finance. | Senate | Sen. Moynihan, Daniel Patrick [D-NY] | NY | D | M001054 | 0 | Amends the Internal Revenue Code to change the tax exemption for wine produced for personal consumption to allow an adult to produce: (1) 200 gallons of wine for personal consumption per year if there are two or more adults in the household; or (2) 100 gallons for such consumption if there is only one adult in the household. Allows a tax exemption for beer produced by an adult for personal consumption in the amounts set forth above. | 2024-08-01T20:10:29Z | https://www.congress.gov/bill/95th-congress/senate-bill/2930 |
| 95-s-2917 | 95 | s | 2917 | A bill to amend the Internal Revenue Code of 1954 to provide tax incentives for investment in small cooperations doing research in the area of energy development and conservation. | Taxation | 1978-04-13 | 1978-04-13 | Referred to Senate Committee on Finance. | Senate | Sen. Domenici, Pete V. [R-NM] | NM | R | D000407 | 1 | Amends the Internal Revenue Code to allow an individual to deduct from gross income the cost, not in excess of $50,000 of acquiring stock in a qualified energy invention corporation, which had income preceding the year of stock issuance not more than $100,000, and which owns a patent relating to the invention of an energy saving device or process. | 2024-08-01T20:10:29Z | https://www.congress.gov/bill/95th-congress/senate-bill/2917 |
| 95-s-2872 | 95 | s | 2872 | A bill to amend the Internal Revenue Code of 1954, as amended, so as to exempt subsistence allowances of law enforcement officers of the United States from Federal income taxes. | Taxation | 1978-04-11 | 1978-04-11 | Referred to Senate Committee on Finance. | Senate | Sen. Allen, James B. [D-AL] | AL | D | A000127 | 0 | Amends the Internal Revenue Code to exclude from gross income any amount received as a statutory subsistence allowance by a public law enforcement officer in the United States. | 2024-08-01T20:10:23Z | https://www.congress.gov/bill/95th-congress/senate-bill/2872 |
| 95-s-2877 | 95 | s | 2877 | Education Fiscal Assistance Act | Taxation | 1978-04-11 | 1978-04-11 | Referred to Senate Committee on Finance. | Senate | Sen. Hathaway, William D. [D-ME] | ME | D | H000346 | 0 | Education Fiscal Assistance Act - Amends the Internal Revenue Code to allow each individual taxpayer a refundable $100 income tax credit for each dependent child who is enrolled in a school, from the elementary level through graduate studies, whether or not any expenses are incurred for the child's education. Forbids any construction of this Act as granting the government additional authority to examine the books or activities of church schools except to the extent necessary to determine whether they are educational institutions within the meaning of this Act. Provides for the immediate certification of any judicial action brought in a United States district court concerning the constitutionality of this Act to the appropriate circuit court of appeals. Authorizes direct appeal to the Supreme Court of any decision by a circuit court. Directs the expedited consideration of such a case at both judicial levels. Provides that if any provision of this tax credit, or its application, is held invalid to any provision of this tax credit, or its application, or is held invalid to any person or circumstances, the ruling shall not affect the remainder of the provisions of the credit, nor the application of such provisions to other persons or circumstances. Provides that the refund of this tax credit shall not be used in computing any person's eligibility for federally-funded educational assistance benefits. | 2025-09-02T17:14:05Z | https://www.congress.gov/bill/95th-congress/senate-bill/2877 |
| 95-s-2865 | 95 | s | 2865 | A bill to amend the Internal Revenue Code of 1954 to provide a more equitable estate tax treatment of joint interests in farm and closely held business property. | Taxation | 1978-04-10 | 1978-04-10 | Referred to Senate Committee on Finance. | Senate | Sen. Nelson, Gaylord [D-WI] | WI | D | N000033 | 9 | Amends the Internal Revenue Code to allow a surviving spouse to treat as furnished consideration, for estate tax purposes, up to a 50 percent share of any joint farm or small business property which was unpaid for at the time of marriage, determined at the rate of two percent a year if such spouse actually participates in the operation of such farm or small business. | 2024-08-01T20:10:28Z | https://www.congress.gov/bill/95th-congress/senate-bill/2865 |
| 95-s-2858 | 95 | s | 2858 | To amend section 2040 of the Internal Revenue Code of 1954 to provide that a spouse's services shall be taken into account in determining whether that spouse furnished adequate consideration for jointly held property for purposes of qualifying for an exclusion from the Federal estate tax. | Taxation | 1978-04-07 | 1978-04-07 | Referred to Senate Committee on Finance. | Senate | Sen. Melcher, John [D-MT] | MT | D | M000635 | 1 | Amends the Internal Revenue Code to qualify services performed by a surviving spouse as consideration for purposes of excluding portions of jointly held property from a decedent's taxable estate. | 2024-08-01T20:10:28Z | https://www.congress.gov/bill/95th-congress/senate-bill/2858 |
| 95-s-2825 | 95 | s | 2825 | A bill to amend the Internal Revenue Code of 1954 with respect to certain charitable contributions. | Taxation | 1978-04-04 | 1978-04-04 | Referred to Senate Committee on Finance. | Senate | Sen. Bartlett, Dewey F. [R-OK] | OK | R | B000200 | 2 | Amends the Internal Revenue Code to allow a charitable deduction for contributions to any organization which, on or before May 26, 1969, and continuously thereafter to the close of the taxable year, operated and maintained as its principal functional purpose facilities for the long-term care, comfort, maintenance, or education of permanently and totally disabled persons; elderly persons; needy widows; or children. | 2024-08-01T20:10:28Z | https://www.congress.gov/bill/95th-congress/senate-bill/2825 |
| 95-s-2806 | 95 | s | 2806 | A bill to provide for a credit against an employers liability for withholding income tax in wages paid to his employees based upon hourly employment benefits under the comprehensive employment and training act. | Taxation | 1978-03-23 | 1978-03-23 | Referred to Senate Committee on Finance. | Senate | Sen. Domenici, Pete V. [R-NM] | NM | R | D000407 | 1 | Amends the Internal Revenue Code to allow a tax credit against an employer's liability for his employees' withholding tax, in the amount of certified hourly employment benefits (between $.50 and $1.00 per hour) attributable to the employment of eligible youth certified by a prime sponsor under the Comprehensive Employment and Training Act of 1973, as amended by the Comprehensive Employment and Training Amendments of 1978. | 2024-08-01T20:10:23Z | https://www.congress.gov/bill/95th-congress/senate-bill/2806 |
| 95-s-2808 | 95 | s | 2808 | A bill to amend the internal revenue code of 1954 to allow an individual a credit against tax equal to 20% of the social security taxes paid by that individual during the taxable year. | Taxation | 1978-03-23 | 1978-03-23 | Referred to Senate Committee on Finance. | Senate | Sen. Dole, Robert J. [R-KS] | KS | R | D000401 | 0 | Amends the Internal Revenue Code to allow an individual a credit against the individual income tax equal to 20 percent of any social security taxes paid by that individual during the taxable year. | 2024-08-01T20:10:23Z | https://www.congress.gov/bill/95th-congress/senate-bill/2808 |
| 95-s-2811 | 95 | s | 2811 | Tax Reduction Act | Taxation | 1978-03-23 | 1978-03-23 | Referred to Senate Committee on Finance. | Senate | Sen. Danforth, John C. [R-MO] | MO | R | D000030 | 5 | Amends the Internal Revenue Code to increase the personal exemption, the zero bracket amount, the general tax credit, and the earned income credit. Sets forth new tax tables with lower rates. | 2025-09-02T17:14:00Z | https://www.congress.gov/bill/95th-congress/senate-bill/2811 |
| 95-s-2812 | 95 | s | 2812 | Domestic Volunteer Service Act Amendments | Taxation | 1978-03-23 | 1978-03-23 | Referred to Senate Committee on Finance. | Senate | Sen. Danforth, John C. [R-MO] | MO | R | D000030 | 5 | Amends the Internal Revenue Code to allow an individual a credit against the individual income tax equal to ten percent of any social security taxes paid by that individual during the taxable year. | 2025-09-02T17:14:00Z | https://www.congress.gov/bill/95th-congress/senate-bill/2812 |
| 95-s-2813 | 95 | s | 2813 | A bill to amend the Internal Revenue Code of 1954 to provide a permanent reduction in corporate taxes. | Taxation | 1978-03-23 | 1978-03-23 | Referred to Senate Committee on Finance. | Senate | Sen. Danforth, John C. [R-MO] | MO | R | D000030 | 5 | Amends the Internal Revenue Code to reduce corporation tax rates by establishing a graduated scale ranging from a minimum of 18 percent for taxable income under $25,000 up to $64,500 plus 46 percent (diminished over five years to 42 percent) for income over $200,000. | 2024-08-01T20:10:23Z | https://www.congress.gov/bill/95th-congress/senate-bill/2813 |
| 95-s-2814 | 95 | s | 2814 | A bill to amend the Internal Revenue Code of 1954 to stimulate long-term investment in depreciable equipment. | Taxation | 1978-03-23 | 1978-03-23 | Referred to Senate Committee on Finance. | Senate | Sen. Danforth, John C. [R-MO] | MO | R | D000030 | 5 | Amends the Internal Revenue Code to increase the investment credit from 10 to 12 percent (and from 11 to 13 percent for the additional credit), to remove the January 1, 1981, termination date, and to make such credit permanent. Directs the Secretary of the Treasury to pay each State, political subdivision thereof, and each tax-exempt organization investing in certain depreciable property a sum equal to 25 percent of the amount of the investment credit such tax-exempt entity would be allowed if liable for tax. Allows for years between December 31, 1978, and January 1, 1984, an investment credit for certain depreciable property including buildings and their structural components if such property is placed in service in a high-unemployment area. | 2024-08-01T20:10:23Z | https://www.congress.gov/bill/95th-congress/senate-bill/2814 |
| 95-s-2815 | 95 | s | 2815 | A bill to amend the Internal Revenue Code of 1954 to increase the class life variance for depreciation purposes. | Taxation | 1978-03-23 | 1978-03-23 | Referred to Senate Committee on Finance. | Senate | Sen. Danforth, John C. [R-MO] | MO | R | D000030 | 5 | Amends the Internal Revenue Code to increase from 20 percent to 40 percent the permissable variance from the useful life of property established by the Secretary of the Treasury for depreciation purposes. | 2024-08-01T20:10:23Z | https://www.congress.gov/bill/95th-congress/senate-bill/2815 |
| 95-s-2765 | 95 | s | 2765 | A bill to eliminate the right to a jury trial in certain tax actions against the United States. | Taxation | 1978-03-20 | 1978-03-20 | Referred to Senate Committee on the Judiciary. | Senate | Sen. Eastland, James O. [D-MS] | MS | D | E000018 | 0 | Eliminates the right to a jury trial in civil actions against the United States for recovery of wrongfully collected taxes, tax penalties, or other sums under internal revenue laws. | 2025-07-21T19:32:26Z | https://www.congress.gov/bill/95th-congress/senate-bill/2765 |
| 95-s-2753 | 95 | s | 2753 | A bill to extend for 4 years the exclusion from gross income of amounts which represent a discharge of indebtedness under certain student loan programs. | Taxation | 1978-03-16 | 1978-03-16 | Referred to Senate Committee on Finance. | Senate | Sen. Haskell, Floyd K. [D-CO] | CO | D | H000317 | 0 | Extends until January 1, 1983, provisions of the Tax Reform Act of 1976 which exclude from gross income a discharge of indebtedness under certain student loan programs. | 2024-08-01T20:10:22Z | https://www.congress.gov/bill/95th-congress/senate-bill/2753 |
| 95-s-2747 | 95 | s | 2747 | A bill to provide for a study of methods by which individuals could be aided in filing their Federal income tax returns. | Taxation | 1978-03-15 | 1978-03-15 | Referred to Senate Committee on Finance. | Senate | Sen. Haskell, Floyd K. [D-CO] | CO | D | H000317 | 3 | Directs the Secretary of the Treasury to conduct a study and report to Congress on methods by which the process of filing Federal income tax returns by individuals could be made simpler, more efficient, and less costly by increasing the availability of taxpayer assistance programs, by improving the manner in which the commercial preparation of such returns is monitored, and by simplifying Federal income tax forms. | 2024-08-01T20:10:22Z | https://www.congress.gov/bill/95th-congress/senate-bill/2747 |
| 95-s-2741 | 95 | s | 2741 | A bill to amend the Internal Revenue Code of 1954 to allow a refundable credit against income tax liability for increases in social security taxes resulting from increases in social security tax rates effective after December 31, 1977. | Taxation | 1978-03-14 | 1978-03-14 | Referred to Senate Committee on Finance. | Senate | Sen. Domenici, Pete V. [R-NM] | NM | R | D000407 | 0 | Amends the Internal Revenue Code to allow employers and employees an income tax credit for a portion of the social security taxes paid during the taxable year. | 2024-08-01T20:10:22Z | https://www.congress.gov/bill/95th-congress/senate-bill/2741 |
| 95-s-2738 | 95 | s | 2738 | Tax Indexation Act | Taxation | 1978-03-13 | 1978-03-13 | Referred to Senate Committee on Finance. | Senate | Sen. Dole, Robert J. [R-KS] | KS | R | D000401 | 9 | Tax Indexation Act - Amends the Internal Revenue Code to subject zero bracket amounts, personal exemptions, the corporate surtax exemption, limitations on individual retirement accounts and Keough contributions, the gift exclusion, the unified estate and gift tax credits, and the basis of assets to an annual cost-of- living adjustment, whereby each currently listed dollar amount shall be increased by an amount equal to such dollar amount multiplied by two-thirds of the increase in the Consumer Price Index over the two preceding years. Grants the President power to suspend such adjustments, subject to veto by either House of Congress. | 2025-09-02T17:13:59Z | https://www.congress.gov/bill/95th-congress/senate-bill/2738 |
| 95-s-2686 | 95 | s | 2686 | A bill to amend the Internal Revenue Code of 1954 to permit farmers to elect the year in which crop deficiency payments are to be included in income. | Taxation | 1978-03-08 | 1978-03-08 | Referred to Senate Committee on Finance. | Senate | Sen. Dole, Robert J. [R-KS] | KS | R | D000401 | 4 | Amends the Internal Revenue Code to allow farmers to include crop deficiency payments in gross income either in the year of receipt or, if the year of receipt is the crop year, in the next following year, or, if not received in the crop year, in the taxable income for the previous year. | 2024-08-01T20:10:12Z | https://www.congress.gov/bill/95th-congress/senate-bill/2686 |
| 95-s-2669 | 95 | s | 2669 | Small Business Reduction and Stimulation Act | Taxation | 1978-03-06 | 1978-03-06 | Referred to Senate Committee on Finance. | Senate | Sen. Nelson, Gaylord [D-WI] | WI | D | N000033 | 14 | Small Business Reduction and Stimulation Act - Amends the Internal Revenue Code to provide graduated income tax rates for corporations with a maximum rate of 46 percent on income in excess of $150,000 and a minimum rate of 15 percent on income not in excess of $25,000. | 2025-09-02T17:13:53Z | https://www.congress.gov/bill/95th-congress/senate-bill/2669 |
| 95-s-2638 | 95 | s | 2638 | A bill to amend section 7275 of the Internal Revenue code of 1954 with respect to airline tickets. | Taxation | 1978-03-03 | 1978-03-03 | Referred to Senate Committee on Finance. | Senate | Sen. Goldwater, Barry [R-AZ] | AZ | R | G000267 | 0 | Amends the Internal Revenue Code to repeal the requirement that airline tickets which show the amounts charged for segments of a flight indicate separately the taxes imposed for each segment. | 2024-08-01T20:10:12Z | https://www.congress.gov/bill/95th-congress/senate-bill/2638 |
| 95-s-2628 | 95 | s | 2628 | A bill to remove a tax incentive for the splitting up of families, and for other purposes. | Taxation | 1978-03-02 | 1978-03-02 | Referred to Senate Committee on Finance. | Senate | Sen. Bumpers, Dale [D-AR] | AR | D | B001057 | 0 | Amends the Internal Revenue Code to repeal the requirement that a married taxpayer, except one living apart from his or her spouse at all times, file a joint return in order to qualify for the exclusion from income of certain amounts paid under an accident or health plan to an individual under age 65 who retired on total and permanent disability. | 2024-08-01T20:10:12Z | https://www.congress.gov/bill/95th-congress/senate-bill/2628 |
| 95-s-2607 | 95 | s | 2607 | A bill to amend the Internal Revenue Code of 1954 to provide a refund or credit of 10 percent of the employer and self-employed social security taxes paid by a taxpayer. | Taxation | 1978-02-28 | 1978-02-28 | Referred to Senate Committee on Finance. | Senate | Sen. Haskell, Floyd K. [D-CO] | CO | D | H000317 | 0 | Amends the Internal Revenue Code to allow a tax credit to employers and the self-employed for an amount equal to ten percent of the employer and self-employed social security taxes paid. Authorizes a direct payment of a like amount to State and local governments participating in the social security system and to tax- exempt organizations. | 2024-08-01T20:10:11Z | https://www.congress.gov/bill/95th-congress/senate-bill/2607 |
| 95-s-2608 | 95 | s | 2608 | A bill to amend the Internal Revenue Code of 1954 to provide a graduated exclusion from gross income for long-term capital gains and a graduated nonrecognition of long-term capital losses for individuals. | Taxation | 1978-02-28 | 1978-02-28 | Referred to Senate Committee on Finance. | Senate | Sen. Bentsen, Lloyd M. [D-TX] | TX | D | B000401 | 4 | Amends the Internal Revenue Code to provide that the current deduction for 50 percent of the amount of capital gain realized from the sale or exchange of an asset held for one year shall be increased by two percent for each additional year the asset is held, but not above 80 percent. Applies this rule to long-term capital losses. Repeals the alternative capital gains tax for individuals. | 2024-08-01T20:10:12Z | https://www.congress.gov/bill/95th-congress/senate-bill/2608 |
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CREATE TABLE legislation (
bill_id TEXT PRIMARY KEY,
congress INTEGER,
bill_type TEXT,
bill_number INTEGER,
title TEXT,
policy_area TEXT,
introduced_date TEXT,
latest_action_date TEXT,
latest_action_text TEXT,
origin_chamber TEXT,
sponsor_name TEXT,
sponsor_state TEXT,
sponsor_party TEXT,
sponsor_bioguide_id TEXT,
cosponsor_count INTEGER DEFAULT 0,
summary_text TEXT,
update_date TEXT,
url TEXT
);
CREATE INDEX idx_leg_congress ON legislation(congress);
CREATE INDEX idx_leg_type ON legislation(bill_type);
CREATE INDEX idx_leg_policy ON legislation(policy_area);
CREATE INDEX idx_leg_date ON legislation(introduced_date);
CREATE INDEX idx_leg_sponsor ON legislation(sponsor_name);
CREATE INDEX idx_leg_sponsor_bioguide ON legislation(sponsor_bioguide_id);