TASK DEFINITION: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
PROBLEM: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Farm and Ranch Risk Management 
Act''.

SEC. 2. FARM AND RANCH RISK MANAGEMENT ACCOUNTS.

    (a) In General.--Subpart C of part II of subchapter E of chapter 1 
of the Internal Revenue Code of 1986 (relating to taxable year for 
which deductions taken) is amended by inserting after section 468B the 
following:

``SEC. 468C. FARM AND RANCH RISK MANAGEMENT ACCOUNTS.

    ``(a) Deduction Allowed.--In the case of an individual engaged in 
an eligible farming business or commercial fishing, there shall be 
allowed as a deduction for any taxable year the amount paid in cash by 
the taxpayer during the taxable year to a Farm and Ranch Risk 
Management Account (hereinafter referred to as the `FARRM Account').
    ``(b) Limitation.--
            ``(1) Contributions.--The amount which a taxpayer may pay 
        into the FARRM Account for any taxable year shall not exceed 20 
        percent of so much of the taxable income of the taxpayer 
        (determined without regard to this section) which is 
        attributable (determined in the manner applicable under section 
        1301) to any eligible farming business or commercial fishing.
            ``(2) Distributions.--Distributions from a FARRM Account 
        may not be used to purchase, lease, or finance any new fishing 
        vessel, add capacity to any fishery, or otherwise contribute to 
        the overcapitalization of any fishery. The Secretary of 
        Commerce shall implement regulations to enforce this paragraph.
    ``(c) Eligible Businesses.--For purposes of this section--
            ``(1) Eligible farming business.--The term `eligible 
        farming business' means any farming business (as defined in 
        section 263A(e)(4)) which is not a passive activity (within the 
        meaning of section 469(c)) of the taxpayer.
            ``(2) Commercial fishing.--The term `commercial fishing' 
        has the meaning given such term by section (3) of the Magnuson-
        Stevens Fishery Conservation and Management Act (16 U.S.C. 
        1802) but only if such fishing is not a passive activity 
        (within the meaning of section 469(c)) of the taxpayer.
    ``(d) FARRM Account.--For purposes of this section--
            ``(1) In general.--The term `FARRM Account' means a trust 
        created or organized in the United States for the exclusive 
        benefit of the taxpayer, but only if the written governing 
        instrument creating the trust meets the following requirements:
                    ``(A) No contribution will be accepted for any 
                taxable year in excess of the amount allowed as a 
                deduction under subsection (a) for such year.
                    ``(B) The trustee is a bank (as defined in section 
                408(n)) or another person who demonstrates to the 
                satisfaction of the Secretary that the manner in which 
                such person will administer the trust will be 
                consistent with the requirements of this section.
                    ``(C) The assets of the trust consist entirely of 
                cash or of obligations which have adequate stated 
                interest (as defined in section 1274(c)(2)) and which 
                pay such interest not less often than annually.
                    ``(D) All income of the trust is distributed 
                currently to the grantor.
                    ``(E) The assets of the trust will not be 
                commingled with other property except in a common trust 
                fund or common investment fund.
            ``(2) Account taxed as grantor trust.--The grantor of a 
        FARRM Account shall be treated for purposes of this title as 
        the owner of such Account and shall be subject to tax thereon 
        in accordance with subpart E of part I of subchapter J of this 
        chapter (relating to grantors and others treated as substantial 
        owners).
    ``(e) Inclusion of Amounts Distributed.--
            ``(1) In general.--Except as provided in paragraph (2), 
        there shall be includible in the gross income of the taxpayer 
        for any taxable year--
                    ``(A) any amount distributed from a FARRM Account 
                of the taxpayer during such taxable year, and
                    ``(B) any deemed distribution under--
                            ``(i) subsection (f)(1) (relating to 
                        deposits not distributed within 5 years),
                            ``(ii) subsection (f)(2) (relating to 
                        cessation in eligible farming business), and
                            ``(iii) subparagraph (A) or (B) of 
                        subsection (f)(3) (relating to prohibited 
                        transactions and pledging account as security).
            ``(2) Exceptions.--Paragraph (1)(A) shall not apply to--
                    ``(A) any distribution to the extent attributable 
                to income of the Account, and
                    ``(B) the distribution of any contribution paid 
                during a taxable year to a FARRM Account to the extent 
                that such contribution exceeds the limitation 
                applicable under subsection (b) if requirements similar 
                to the requirements of section 408(d)(4) are met.
        For purposes of subparagraph (A), distributions shall be 
        treated as first attributable to income and then to other 
        amounts.
    ``(f) Special Rules.--
            ``(1) Tax on deposits in account which are not distributed 
        within 5 years.--
                    ``(A) In general.--If, at the close of any taxable 
                year, there is a nonqualified balance in any FARRM 
                Account--
                            ``(i) there shall be deemed distributed 
                        from such Account during such taxable year an 
                        amount equal to such balance, and
                            ``(ii) the taxpayer's tax imposed by this 
                        chapter for such taxable year shall be 
                        increased by 10 percent of such deemed 
                        distribution.
                The preceding sentence shall not apply if an amount 
                equal to such nonqualified balance is distributed from 
                such Account to the taxpayer before the due date 
                (including extensions) for filing the return of tax 
                imposed by this chapter for such year (or, if earlier, 
                the date the taxpayer files such return for such year).
                    ``(B) Nonqualified balance.--For purposes of 
                subparagraph (A), the term `nonqualified balance' means 
                any balance in the Account on the last day of the 
                taxable year which is attributable to amounts deposited 
                in such Account before the 4th preceding taxable year.
                    ``(C) Ordering rule.--For purposes of this 
                paragraph, distributions from a FARRM Account (other 
                than distributions of current income) shall be treated 
                as made from deposits in the order in which such 
                deposits were made, beginning with the earliest 
                deposits.
            ``(2) Cessation in eligible business.--At the close of the 
        first disqualification period after a period for which the 
        taxpayer was engaged in an eligible farming business or 
        commercial fishing, there shall be deemed distributed from the 
        FARRM Account of the taxpayer an amount equal to the balance in 
        such Account (if any) at the close of such disqualification 
        period. For purposes of the preceding sentence, the term 
        `disqualification period' means any period of 2 consecutive 
        taxable years for which the taxpayer is not engaged in an 
eligible farming business or commercial fishing.
            ``(3) Certain rules to apply.--Rules similar to the 
        following rules shall apply for purposes of this section:
                    ``(A) Section 220(f)(8) (relating to treatment on 
                death).
                    ``(B) Section 408(e)(2) (relating to loss of 
                exemption of account where individual engages in 
                prohibited transaction).
                    ``(C) Section 408(e)(4) (relating to effect of 
                pledging account as security).
                    ``(D) Section 408(g) (relating to community 
                property laws).
                    ``(E) Section 408(h) (relating to custodial 
                accounts).
            ``(4) Time when payments deemed made.--For purposes of this 
        section, a taxpayer shall be deemed to have made a payment to a 
        FARRM Account on the last day of a taxable year if such payment 
        is made on account of such taxable year and is made on or 
        before the due date (without regard to extensions) for filing 
        the return of tax for such taxable year.
            ``(5) Individual.--For purposes of this section, the term 
        `individual' shall not include an estate or trust.
            ``(6) Deduction not allowed for self-employment tax.--The 
        deduction allowable by reason of subsection (a) shall not be 
        taken into account in determining an individual's net earnings 
        from self-employment (within the meaning of section 1402(a)) 
        for purposes of chapter 2.
    ``(g) Reports.--The trustee of a FARRM Account shall make such 
reports regarding such Account to the Secretary and to the person for 
whose benefit the Account is maintained with respect to contributions, 
distributions, and such other matters as the Secretary may require 
under regulations. The reports required by this subsection shall be 
filed at such time and in such manner and furnished to such persons at 
such time and in such manner as may be required by such regulations.''.
    (b) Tax on Excess Contributions.--
            (1) Subsection (a) of section 4973 of such Code (relating 
        to tax on excess contributions to certain tax-favored accounts 
        and annuities) is amended by striking ``or'' at the end of 
        paragraph (3), by redesignating paragraph (4) as paragraph (5), 
        and by inserting after paragraph (3) the following:
            ``(4) a FARRM Account (within the meaning of section 
        468C(d)), or''.
            (2) Section 4973 of such Code is amended by adding at the 
        end the following:
    ``(g) Excess Contributions to FARRM Accounts.--For purposes of this 
section, in the case of a FARRM Account (within the meaning of section 
468C(d)), the term `excess contributions' means the amount by which the 
amount contributed for the taxable year to the Account exceeds the 
amount which may be contributed to the Account under section 468C(b) 
for such taxable year. For purposes of this subsection, any 
contribution which is distributed out of the FARRM Account in a 
distribution to which section 468C(e)(2)(B) applies shall be treated as 
an amount not contributed.''.
            (3) The section heading for section 4973 of such Code is 
        amended to read as follows:

``SEC. 4973. EXCESS CONTRIBUTIONS TO CERTAIN ACCOUNTS, ANNUITIES, 
              ETC.''.

            (4) The table of sections for chapter 43 of such Code is 
        amended by striking the item relating to section 4973 and 
        inserting the following:

                              ``Sec. 4973. Excess contributions to 
                                        certain accounts, annuities, 
                                        etc.''.
    (c) Tax on Prohibited Transactions.--
            (1) Subsection (c) of section 4975 of such Code (relating 
        to tax on prohibited transactions) is amended by adding at the 
        end the following:
            ``(6) Special rule for farrm accounts.--A person for whose 
        benefit a FARRM Account (within the meaning of section 468C(d)) 
        is established shall be exempt from the tax imposed by this 
        section with respect to any transaction concerning such account 
        (which would otherwise be taxable under this section) if, with 
        respect to such transaction, the account ceases to be a FARRM 
        Account by reason of the application of section 468C(f)(3)(A) 
        to such account.''.
            (2) Paragraph (1) of section 4975(e) of such Code is 
        amended by redesignating subparagraphs (E) and (F) as 
        subparagraphs (F) and (G), respectively, and by inserting after 
        subparagraph (D) the following:
                    ``(E) a FARRM Account described in section 
                468C(d),''.
    (d) Failure To Provide Reports on FARRM Accounts.--Paragraph (2) of 
section 6693(a) of such Code (relating to failure to provide reports on 
certain tax-favored accounts or annuities) is amended by redesignating 
subparagraphs (C) and (D) as subparagraphs (D) and (E), respectively, 
and by inserting after subparagraph (B) the following:
                    ``(C) section 468C(g) (relating to FARRM 
                Accounts),''.
    (e) Clerical Amendment.--The table of sections for subpart C of 
part II of subchapter E of chapter 1 of such Code is amended by 
inserting after the item relating to section 468B the following:

                              ``Sec. 468C. Farm and Ranch Risk 
                                        Management Accounts.''.
    (f) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.

SOLUTION: Farm and Ranch Risk Management Act - Amends the Internal Revenue Code to allow an individual engaged in an eligible farming or commercial fishing business a deduction for any taxable year of up to 20 percent of taxable income attributable to the eligible farming or commercial fishing business which was paid in cash by the taxpayer to a Farm and Ranch Risk Management Account (FARRM Account).Includes distributions from a FARRM account in the taxpayer's gross income, and subjects to a special ten percent surtax any distributions not made within five years of contribution. Establishes a tax on excess contributions, but exempts the taxpayer from the tax on certain prohibited transactions.

PROBLEM: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Transportation Finance Innovation 
Demonstration Act of 2010''.

SEC. 2. VEHICLE MILEAGE TAX FOR MOBILE MOUNTED CONCRETE BOOM PUMPS.

    (a) In General.--Chapter 36 of the Internal Revenue Code of 1986 
(relating to certain other excise taxes) is amended by inserting after 
subchapter D the following new subchapter:

                  ``Subchapter E--Vehicle Mileage Tax

``Sec. 4491. Imposition of tax.
``Sec. 4492. Mobile mounted concrete boom pump vehicle defined.
``Sec. 4493. Method of collecting tax.

``SEC. 4491. IMPOSITION OF TAX.

    ``(a) Imposition of Tax.--There is hereby imposed on each mobile 
mounted concrete boom pump vehicle a tax determined at the applicable 
rate per mile for each mile traveled in the United States.
    ``(b) Applicable Rate.--For purposes of subsection (a), the 
applicable rate shall be--
            ``(1) $0.05 per mile for a mobile mounted concrete boom 
        pump vehicle with a gross vehicle weight which does not exceed 
        60,000 pounds, and
            ``(2) $0.07 per mile for a mobile mounted concrete boom 
        pump vehicle with a gross vehicle weight which exceeds 60,000 
        pounds.
    ``(c) By Whom Paid.--The tax imposed by subsection (a) shall be 
paid by the owner of the mobile mounted concrete boom pump vehicle.
    ``(d) Credit Against Tax.--At the election of the taxpayer, there 
shall be allowed as a credit against the tax imposed by subsection (a) 
for any taxable period the amount of tax imposed with respect to such 
vehicle under sections 4053, 4081, and 4481 for such period. The credit 
allowed under the preceding sentence with respect to a quantity of 
liquid shall be in lieu of a payment under section 6427 with respect to 
such quantity.
    ``(e) Special Rules for Determining Mileage.--In determining 
mileage for purposes of this section, the Secretary shall work in close 
coordination with the Secretary of Transportation to develop a system 
for administration and compliance with this section. Such system 
shall--
            ``(1) work in tandem with the engine control modules of the 
        affected vehicles,
            ``(2) minimize the administrative burdens on pump owners 
        and operators,
            ``(3) minimize the administrative burden on the Department 
        of Transportation,
            ``(4) integrate with State and local transportation revenue 
        mechanisms (including demand management systems),
            ``(5) protect the privacy of participating companies and 
        employees, and
            ``(6) allow third party administrators to manage data 
        collection and refund payments to operators.
There is authorized to be appropriated not more than $5,000,000 for 
costs associated with developing and implementing such system, 
including for making grants to private companies where appropriate to 
develop and deploy on-board technologies to track and report road miles 
traveled.

``SEC. 4492. MOBILE MOUNTED CONCRETE BOOM PUMP VEHICLE DEFINED.

    ``For purposes of this subchapter, the term `mobile mounted 
concrete boom pump vehicle' means a vehicle--
            ``(1) which is mobile machinery (as defined in section 
        4053(8)), and
            ``(2) on which the mounted machinery consists of a concrete 
        boom pump and related subordinate parts.

``SEC. 4493. METHOD OF COLLECTING TAX.

    ``(a) Collection by Return.--The taxes imposed by section 4491 
shall be collected on the basis of a return for a calendar quarter. The 
Secretary shall, by regulation, prescribe the time for filing such 
return, the information to be shown in such return, and the time for 
payment of such tax.
    ``(b) Payment Due Date.--Except as otherwise provided in this 
subsection, the last day for payment of such tax shall be the 14th day 
after the last day of the calendar quarter for which the return is 
filed under subsection (a).
    ``(c) Calendar Quarter.--For purposes of this section, the term 
`calendar quarter' means the three-month period ending on March 31, 
June 30, September 30, or December 31.''.
    (b) Highway Mileage Limitation Not Applicable.--Subparagraph (C) of 
section 6421(e)(2) of such Code is amended by adding at the end the 
following new clause:
                            ``(v) Exception to use requirement for 
                        mobile mounted concrete boom pump vehicle.--In 
                        the case of a mobile mounted concrete boom pump 
                        vehicle (as defined in section 4492), clause 
                        (ii) shall be applied without regard to 
                        subclause (II) (relating to the use-based 
                        test).''.
    (c) Nontaxable Use.--Subsection (b) of section 4082 of such Code 
(defining nontaxable use) is amended by inserting ``(other than a use 
by a vehicle described in clause (v) thereof'' after ``section 
6421(e)(2)(C)''.
    (d) Deposit Into Highway Trust Fund.--Paragraph (1) of section 
9503(b) of such Code (relating to transfer to Highway Trust Fund of 
amounts equivalent to certain taxes and penalties) is amended by 
striking ``and'' at the end of subparagraph (D), by striking the period 
at the end of subparagraph (E) and inserting ``, and'', and by 
inserting after paragraph (E) the following new subparagraph:
                    ``(F) section 4491 (relating to vehicle mileage 
                tax).''.
    (e) Clerical Amendment.--The table of subchapters for chapter 36 of 
such Code is amended by inserting after the item relating to subchapter 
D the following new item:

                 ``subchapter e. vehicle mileage tax''.

    (f) Effective Date.--The amendments made by this section shall take 
effect on January 1, 2011.

SOLUTION: Transportation Finance Innovation Demonstration Act of 2010 - Amends the Internal Revenue Code to impose a vehicle mileage tax on mobile mounted concrete boom pump vehicles. Defines "mobile mounted concrete boom pump vehicle" as a vehicle which is mobile machinery and on which the mounted machinery consists of a concrete boom pump and related subordinate parts.

PROBLEM: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Regional Skills Training Alliances 
Act of 1999''.

SEC. 2. DEFINITION.

    For purposes of this Act, the term ``Secretary'' means the 
Secretary of Commerce.

                         TITLE I--SKILL GRANTS

SEC. 101. AUTHORIZATION.

    (a) In General.--The Secretary of Commerce, acting through the 
Director of the National Institute of Standards and Technology, and in 
consultation with the Secretary of Labor, shall provide grants to 
eligible entities described in subsection (b) to assist such entities 
to improve the job skills necessary for employment in specific 
industries.
    (b) Eligible Entities Described.--
            (1) In general.--An eligible entity described in this 
        subsection is a consortium that--
                    (A) shall consist of representatives from not less 
                than 10 businesses (or a non-profit organization that 
                represents not less than 10 businesses); and
                    (B) may consist of representatives from one or more 
                of the following:
                            (i) Labor organizations.
                            (ii) State and local government.
                            (iii) Educational institutions.
            (2) Majority of representatives.--A majority of the 
        representatives comprising the consortium shall be 
        representatives described in paragraph (1)(A).
            (3) Additional requirement.--To the maximum extent 
        practicable, each business, organization, or government that 
        forms an eligible entity under paragraph (1) shall be located 
        in the same geographic region of the United States.
    (c) Priority for Small Businesses.--In providing grants under 
subsection (a), the Secretary shall give priority to an eligible entity 
if a majority of representatives forming the entity represent small-
business concerns, as described in section 3(a) of the Small Business 
Act (15 U.S.C. 632(a)).
    (d) Maximum Amount of Grant.--The amount of a grant provided to an 
eligible entity under subsection (a) may not exceed $1,000,000 for any 
fiscal year.

SEC. 102. APPLICATION.

    (a) Certain States With Multiple Consortia.--In a State in which 
two or more eligible entities seek grants under section 101 for a 
fiscal year, as determined by the Governor of the State, the Governor 
may solicit proposals from the entities concerning the activities to be 
carried out under the grants. If the Governor solicits such proposals, 
based on the proposals received, the Governor shall submit an 
application on behalf of 1 or more of the entities to the Secretary at 
such time, in such manner, and containing such information as the 
Secretary may reasonably require. The provisions of this title relating 
to eligible entities shall apply to each of the entities for which the 
Governor applies.
    (b) Other States.--In a State in which only one eligible entity 
seeks a grant under section 101 for a fiscal year, as determined by the 
Governor of the State, or in which the Governor does not solicit 
proposals as described in subsection (a), the Secretary may not provide 
a grant under section 101 to the eligible entity unless such entity 
submits to the Secretary an application at such time, in such manner, 
and containing such information as the Secretary may reasonably 
require.

SEC. 103. USE OF AMOUNTS.

    (a) In General.--The Secretary may not provide a grant under 
section 101 to an eligible entity unless such entity agrees to use 
amounts received from such grant to improve the job skills necessary 
for employment by businesses in the industry with respect to which such 
entity was established.
    (b) Conduct of Program.--
            (1) In general.--In carrying out the program described in 
        subsection (a), the eligible entity may provide for--
                    (A) an assessment of training and job skill needs 
                for the industry;
                    (B) development of a sequence of skill standards 
                that are benchmarked to advanced industry practices;
                    (C) development of curriculum and training methods;
                    (D) purchase, lease, or receipt of donations of 
                training equipment;
                    (E) identification of training providers;
                    (F) development of apprenticeship programs;
                    (G) development of training programs for dislocated 
                workers;
                    (H) development of the membership of the entity;
                    (I) provision of training programs for workers; and
                    (J) development of training plans for businesses.
            (2) Additional requirement.--In carrying out the program 
        described in subsection (a), the eligible entity shall provide 
        for development and tracking of performance outcome measures 
        for the program and the training providers involved in the 
        program.
    (c) Administrative Costs.--The eligible entity may use not more 
than 10 percent of the amount of a grant to pay for administrative 
costs associated with the program described in subsection (a).

SEC. 104. REQUIREMENT OF MATCHING FUNDS.

    The Secretary may not provide a grant under section 101 to an 
eligible entity unless such entity agrees that--
            (1) it will make available non-Federal contributions toward 
        the costs of carrying out activities under section 103 in an 
        amount that is not less than $2 for each $1 of Federal funds 
        provided under a grant under section 101; and
            (2) of such non-Federal contributions, not less than $1 of 
        each such $2 shall be from businesses participating in the 
        eligible entity.

SEC. 105. LIMIT ON ADMINISTRATIVE EXPENSES.

    The Secretary may use not more than 5 percent of the funds made 
available to carry out this title to pay for Federal administrative 
costs associated with making grants under this title.

SEC. 106. AUTHORIZATION OF APPROPRIATIONS.

    There are authorized to be appropriated to carry out this Act 
$50,000,000 for each of the fiscal years 2000, 2001, and 2002.

                       TITLE II--PLANNING GRANTS

SEC. 201. AUTHORIZATION.

    (a) In General.--The Secretary of Commerce, acting through the 
Director of the National Institute of Standards and Technology, and in 
consultation with the Secretary of Labor, shall provide grants to 
States to enable the States to assist businesses, organizations, and 
agencies described in section 101(b) in conducting planning to form 
consortia described in such section.
    (b) Maximum Amount of Grant.--The amount of a grant provided to a 
State under subsection (a) may not exceed $500,000 for any fiscal year.

SEC. 202. APPLICATION.

    The Secretary may not provide a grant under section 201 to a State 
unless such State submits to the Secretary an application at such time, 
in such manner, and containing such information as the Secretary may 
reasonably require.

SEC. 203. REQUIREMENT OF MATCHING FUNDS.

    The Secretary may not provide a grant under section 201 to a State 
unless such State agrees that it will make available non-Federal 
contributions toward the costs of carrying out activities under this 
title in an amount that is not less than $1 for each $1 of Federal 
funds provided under a grant under section 201.

SEC. 204. AUTHORIZATION OF APPROPRIATIONS.

    There are authorized to be appropriated to carry out this title 
$5,000,000 for fiscal year 2000.

SOLUTION:
TABLE OF CONTENTS: 
     Title I: Skill Grants 
     Title II: Planning Grants 
Regional Skills Training Alliances Act of 1999 - 
Title I: Skill Grants
 - Directs the Secretary of Commerce to make grants to improve the job skills necessary for employment in specific industries. Requires the Secretary to do so acting through the Director of the National Institute of Standards and Technology. 
Makes eligible for such grants regional consortia that: (1) must have representatives from not fewer than ten businesses (or a nonprofit organization that represents at least ten businesses); and (2) may have representatives from labor organizations, State and local governments, and educational institutions. 
Gives priority for such grants to eligible entities that consist of a majority of representatives from small businesses. 
Sets requirements relating to maximum amount of grants, applications, use of program funds, and matching funds. 
Authorizes appropriations. 
Title II: Planning Grants
 - Requires the Secretary, acting through the Director, to provide grants to States to assist businesses, organizations, and agencies in planning to form regional consortia under title I. 
Sets requirements relating to maximum amount of grants, applications, use of program funds, and matching funds. 
Authorizes appropriations.