Tax Relief and Minimum Wage Act of 2006

Bill: 109-s-3829
Sponsor: Sen. Stabenow, Debbie [D-MI]
Introduced: 2006-08-03 in the Senate
Policy area: Taxation
Subjects: Accounting
Affordable housing
Agribusiness
Agricultural labor
Agricultural wastes
Agriculture and Food
Aid to dependent children
Airports
Alabama
Alcohol as fuel
Alcohol tax
Alternative energy sources
American Samoa
Armed Forces and National Security
Arts, Culture, Religion
Aviation fuels
Awards, medals, prizes
Bank accounts
Biomass energy
Bonds
Broadband
Brownfields
Building construction
Business travel
Capital gains tax
Cash welfare block grants
Charitable contributions
Civil actions and liability
Coal
Coke industry
Collection of accounts
College costs
Commerce
Community facilities
Computers
Conflict of interests
Congregate housing
Congress
Congressional reporting requirements
Consent decrees
Construction costs
Cost of living adjustments
Crime and Law Enforcement
Curricula
Department of the Treasury
Depletion allowances
Depreciation and amortization
Diesel motor
Distance education
District of Columbia
Earned income tax credit
Earnings
Economics and Public Finance
Education
Education of the disadvantaged
Electric utilities
Elementary and secondary education
Emergency Management
Employee health benefits
Employee stock options
Energy
Energy crops
Environmental Protection
Families
Federal-Indian relations
Fees
Finance and Financial Sector
Fines (Penalties)
Floods
Food stamps
Foreign tax credit
Government Operations and Politics
Government paperwork
Government trust funds
Hazardous wastes
Health
Higher education
Home ownership
Hospitals
Housing and Community Development
Hurricane aftermath legislation
Hurricanes
Income tax
Indexing (Economic policy)
Indian lands
Infrastructure
Infrastructure (Economics)
Insurance premiums
Intelligence community staff
Internal Revenue Service (IRS)
Judicial officers
Judicial review
Labor and Employment
Law
Legal fees
Liability for environmental damages
Licenses
Liens
Local employees
Local taxation
Louisiana
Lumber trade
Marine terminals
Marine transportation
Married people
Mass rapid transit
Medical savings accounts
Mental health services
Military pay
Mine safety
Mine wastes
Miners
Minimum tax
Minimum wages
Mining equipment
Minorities
Mississippi
Mortgage guaranty insurance
Music
Native Americans
Natural gas
New York City
New York State
Oils and fats
Petroleum
Port authorities
Public Lands and Natural Resources
Puerto Rico
Railroad employees
Railroad engineering
Reclamation of land
Refuse and refuse disposal
Refuse as fuel
Rental housing
Rescue work
Research and development tax credit
Restaurants
Retiree health benefits
Road construction
Rural economic development
Sales tax
School buildings
Science, Technology, Communications
Scientific instruments and apparatus
Sewage treatment
Ships
Social Welfare
State employees
State taxation
Strip mining
Student loan funds
Sunset legislation
Survivors' benefits
Tax credits
Tax deductions
Tax evasion
Tax exclusion
Tax exemption
Tax incentives
Tax rates
Tax refunds
Tax returns
Teacher education
Teachers
Teaching materials
Telemedicine
Telephone
Terrorism
Timber sales
Tipping
Transportation and Public Works
Transportation engineering
Travel costs
Trusts and trustees
Undercover operations
Urban affairs
Urban economic development
Vaccines
Veterans' benefits
Virus diseases
Water Resources Development
Water treatment plants
Waterways
Welfare recipients
Whistle blowing
Wind power
Withholding tax

Summary:
action_date: 2006-08-03
text: 
Tax Relief and Minimum Wage Act of 2006 - Amends the Internal Revenue Code to extend through 2007 various provisions relating to business investment and economic development, education, research, health care, environmental remediation, and investment in the District of Columbia, Puerto Rico, and American Samoa. Revises the system of tax incentives for investment in New York Liberty Zone property. 

Modifies tax administration provisions relating to awards for whistleblowers, frivolous tax filings, authority of the Internal Revenue Service to disclose tax return information, and refund rules for aviation kerosene. 

Authorizes the issuance of tax-exempt zone academy bonds and rural renaissance bonds. Allows expensing of mine safety equipment and a tax credit for mine rescue team training costs. 

Allows a taxpayer election to deduct certain gain from timber sales. 

Suspends until 2008 the disallowance of the tax deduction for business travel expenses of a spouse.

Amends the Fair Labor Standards Act of 1938 to increase the federal minimum wage rate. Applies such increased wage rate to the Commonwealth of the Northern Mariana Islands.

Surface Mining Control and Reclamation Act Amendments of 2006 - Amends the Surface Mining Control and Reclamation Act of 1977 to: (1) reauthorize the Abandoned Mine Reclamation Fund (AMR Fund) through FY2021; (2) reduce rates of reclamation fees payable by mine operators to the AMR Fund; and (3) revise allocations of payments to states for reclamation of abandoned mines. 

Amends the Internal Revenue Code with respect to liability of mine operators for payment of health care premiums of retired miners. 


Legislative actions:
action_date: 2006-08-03
text: Read twice and referred to the Committee on Finance.
action_date: 2006-08-03
text: Introduced in Senate