jiayi-li23/proxann_data huggingface dataset:
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2009-12-11 00:00:00

Amends the Internal Revenue Code to: (1) deny a tax deduction for expenses relating to direct-to-consumer advertising in any media for the sale and use of prescription pharmaceuticals; and (2) allow a tax deduction for fees, up to $500, for the participation of a child who is a dependent of a taxpayer in any organization that promotes or provides for the physical activity of children.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2009-12-15 00:00:00

Taxpayer Responsibility, Accountability and Consistency Act of 2009 - Amends the Internal Revenue Code to: (1) require reporting to the Internal Revenue Service (IRS) of payments (including payments of amounts in consideration for property or of gross proceeds) of $600 or more made by or to corporations (other than tax-exempt organizations); (2) set forth safe harbor criteria and rules relating to the treatment of workers as employees or independent contractors; and (3) increase penalties for failure to file correct tax return information or comply with other information reporting requirements. Requires the Secretary of the Treasury to issue an annual report on worker misclassification.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2009-12-17 00:00:00

Amends the Internal Revenue Code to increase from 50 to 80% the percentage of meals and entertainment expenses that may be claimed as a business tax deduction.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-01-20 00:00:00

Suspends limitations on the tax deduction for charitable contributions made by individuals and corporations, including contributions for relief efforts related to the earthquake in Haiti and cash contributions in 2010 to specified public charities. Amends the Internal Revenue Code to extend through 2010 the tax deduction for charitable contributions of food inventory from any trade or business (including corporations other than C corporations).
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-01-22 00:00:00

Fire Sprinkler Incentive Act of 2010 - Amends the Internal Revenue Code to classify automatic fire sprinkler systems as five-year depreciable property. Makes this Act applicable to property placed in service after April 11, 2003.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-02-11 00:00:00

Wall Street Bonus Tax Act - Amends the Internal Revenue Code to: (1) impose a tax on current or former employees of recipients of financial assistance under the Trouble Asset Relief Program (TARP) for 50% of any bonus exceeding $25,000 paid to them during 2010; and (2) establish in the Treasury the Small Business Growth Fund to hold revenues from such tax. Requires the Administrator of the Small Business Administration (SBA) to establish and carry out a program to make loans directly to small business concerns. Makes amounts from such Fund available to carry out such program.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-02-23 00:00:00

Bipartisan Tax Fairness and Simplification Act of 2010 - Declares as the purposes of this Act to: (1) make the federal individual income tax system simpler, fairer, and more transparent; (2) reduce the income tax rate on corporations, repeal the individual and corporate alternative minimum tax (AMT), and eliminate special tax preferences; and (3) reduce the federal budget deficit. Amends the Internal Revenue Code to: (1) reduce the number of tax brackets for individual taxpayers from six to three (i.e., 15, 25, and 35%); (2) increase the standard tax deduction; (3) eliminate miscellaneous itemized tax deductions after 2010; (4) exclude from gross income 35% of certain dividend income and gain on capital assets; (5) repeal the AMT for individuals; (6) allow a new tax credit for interest on state and local bonds; (7) revise rules for tax-exempt retirement plans and education tax credits and create tax-exempt Lifetime Savings Accounts; and (8) deny a tax deduction for punitive damages. Makes permanent specified provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 that: (1) increased the earned income, dependent care, and child tax credits; and (2) repealed limits on personal exemptions and itemized tax deductions. Requires the Internal Revenue Service (IRS), beginning on January 1, 2011, to provide taxpayers a simplified Easyfile pre-prepared income tax return and a one-page summary of federal spending on Social Security, Medicare, Medicaid, defense, and interest on the federal debt. Revises corporate and business-related taxation by: (1) imposing a flat 24% rate on the taxable income of corporations; (2) increasing the expensing allowance for depreciable assets; (3) repealing deferral of taxes on foreign income; and (4) requiring 30% withholding of certain payments to beneficiaries of foreign accounts. Directs the Congressional Budget Office (CBO) to identify and report to Congress on federal direct and indirect spending on businesses. Increases penalties for noncompliance with information reporting requirements. Sets forth rules and definitions for applying the economic substance doctrine to tax transactions. Imposes penalties for underpayments of tax due to transactions lacking in economic substance. Imposes a tax on Internet gambling.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-02-25 00:00:00

Tax Code Termination Act - Terminates the Internal Revenue Code of 1986 for taxable years beginning after 2013, except provisions of such Code relating to social security taxation (i.e., taxes on wage, self-employment, and railroad retirement income). Establishes within the legislative branch a National Commission on Tax Reform and Simplification. Directs the Commission to: (1) review the Internal Revenue Code of 1986 and its impact on the economy, families, and the workforce: (2) determine whether the current income tax system should be replaced with a flat tax, a national sales tax, or another system, or can be simplified; and (3) submit a report to Congress on the results of its review, with recommendations for fundamental reform and simplification of the Code. Requires congressional approval of a new federal tax system no later than July 4, 2013, or a vote of Congress to reauthorize the Internal Revenue Code of 1986.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-03-25 00:00:00

American Renewable Biomass Heating Act of 2010 - Amends the Internal Revenue Code to allow a 30% energy tax credit for investment in biomass heating property placed in service before January 1, 2014.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-04-15 00:00:00

Reinvesting in U.S. Territories, Not Corporations Act - Amends the Internal Revenue Code to reduce the amount of distilled spirits excise tax revenue returned (covered over) to the treasuries of Puerto Rico or the Virgin Islands by the amount of any unreasonable and excessive rum subsidy paid or incurred by either jurisdiction in an applicable calendar year. Defines "unreasonable and excessive rum subsidy" as the excess, if any, of the aggregate amount of direct and indirect government assistance paid to producers of distilled spirits in Puerto Rico or the Virginia Islands over 10% of the amounts covered over into the treasuries of such jurisdictions in a calendar year.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-04-15 00:00:00

Amends the Internal Revenue Code to allow a 30% energy tax credit for qualified energy efficiency property. Defines "qualified energy efficiency property" as property which: (1) is residential rental property, nonresidential real property, or mixed use real property; (2) is a qualified building as defined by this Act; and (3) achieves a specified energy savings. Amends the American Recovery and Reinvestment Act to allow grants for investment in qualified energy efficiency property in lieu of tax credits.
Topic: Macroeconomics — Tax Code
Subject: Foreign trade and international finance
Date: 2010-04-21 00:00:00

Foreign-Held Debt Transparency and Threat Assessment Act - Expresses the sense of Congress about the growing federal debt of the United States, the increasing U.S. dependence on foreign creditors like its largest foreign creditor, the People's Republic of China, whose holdings could give China a tool with which to manipulate U.S. policymaking (including with respect to Taiwan) and pose a direct threat to the national economy and national security. Directs the President to report quarterly to certain congressional committees on the risks posed by foreign holdings of U.S. debt instruments, and make such report public on the Internet. Directs the Comptroller General to report annually to certain congressional committees on such risks. Directs the President to formulate, report to the appropriate congressional committees, and implement a plan of action to reduce an unsustainable level of risk to an acceptable and sustainable level, in a manner that results in a reduction in federal spending, in any case in which the President or the Comptroller General makes specified determinations that a foreign country's holdings of U.S. debt instruments pose an unacceptable risk to long-term national security or economic stability, or that the levels of risk posed by the federal debt are unsustainable.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-05-11 00:00:00

Advanced Biofuel Investment Act of 2010 - Amends the Internal Revenue Code to allow a 30% energy tax credit for investment in qualified advanced biofuel production property. Defines "qualified advanced biofuel production property" as property used exclusively to produce advanced biofuels for sale to unrelated persons. Terminates such credit after 2014. Amends the American Recovery and Reinvestment Tax Act of 2009 to allow investors in advanced biofuel production property a grant in lieu of a tax credit for investment in such property. Requires grant recipients to reinvest in advanced biofuel production property within 12 months after receipt of a grant payment.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-05-11 00:00:00

Amends the Internal Revenue Code to reduce the rate of the excise tax on beer produced within or imported into the United States for brewers who produce not more than 6 million barrels of beer a year.
Topic: Macroeconomics — Tax Code
Subject: Energy
Date: 2010-05-20 00:00:00

Restoring Ecosystem Sustainability and Protection on the Delta Act - Amends the Gulf of Mexico Energy Security Act of 2006 to accelerate from FY2017 to FY2010 the allocation of certain Gulf of Mexico oil and gas lease revenues from covered leases among the affected states (thus increasing each state's share). Declares that the historical lease sites in the 2002-2007 planning area shall include all leases entered into by the Secretary of Energy for an area in the Gulf of Mexico between October 1, 1982 (or an earlier date if practicable) and December 31, 2015.
Topic: Macroeconomics — Tax Code
Subject: Economics and public finance
Date: 2010-05-25 00:00:00

Veto Wasteful Spending and Protect Taxpayers Act of 2010 - Amends the Congressional Budget and Impoundment Control Act of 1974 to authorize the President to suspend and propose for cancellation (line item veto) any dollar amount of discretionary budget authority, item of new direct spending, or limited tax benefit. Prohibits such items from being proposed for suspension and cancellation more than once. Authorizes the President to transmit to Congress up to two special messages suspending and proposing the cancellation of items, including a draft bill that, if enacted would only cancel the items included. Requires the special message to include: (1) a determination, for every item, that such cancellation will reduce the federal budget deficit, not impair any essential government functions, and not harm the national interest; (2) any federal account, department, or establishment for which budget authority was to have been available for obligation and the specific project or governmental functions involved; (3) the specific states and congressional districts, if any, affected by the cancellation; and (4) the total number of cancellations imposed during the current session of Congress on such states and congressional districts. Sets forth procedures for expedited congressional consideration of a proposed cancellation.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-05-26 00:00:00

Small Business Tax Equalization and Compliance Act of 2010 - Amends the Internal Revenue Code to extend the tax credit for social security taxes paid for employee cash tips to employers of cosmetologists. Requires employers of cosmetologists to report income and tips of their cosmetologist employees and to provide income and tip information to self-employed cosmetologists to whom they pay more than $600 in the taxable year. Imposes similar reporting requirements upon individuals who rent chairs to cosmetologists. Requires such employers to provide their cosmetologist employees and self-employed cosmetologists with information on the tax and tip reporting obligations of employees and self-employed individuals.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-06-21 00:00:00

Bonus Depreciation Extension to Create Jobs Act - Amends the Internal Revenue Code to extend through 2011 the additional 50% depreciation allowance for investment property, including computer software, water utility property, and qualified leasehold improvement property, which has a recovery period of 20 years of less.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-06-24 00:00:00

Responsible Estate Tax Act - Repeals provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) eliminating the tax on estates and generation-skipping transfers and the step-up in basis provisions for property acquired from a decedent for estates of decedents dying after 2009 (thus restoring prior law). Declares that the sunset provision (general terminating date of December 10, 2010) of EGTRRA shall not apply to title V of such Act ( Estate, Gift, and Generation-Skipping Transfer Tax Provisions). Amends the Internal Revenue Code to: (1) revise estate tax brackets for estates over $750,000 and impose a maximum tax rate of 55% on estates over $50 million; (2) impose a 10% surtax on estates over $500 million; (3) increase to $3 million the reduction in valuations of farmland for estate tax puposes; (4) increase to $2 million the maximum estate tax exclusion for contributions of conservation easements; (5) require executors of estates to file information returns and provide valuations and consistent basis information to persons acquiring property from decedents or by gift; (6) set forth estate valuation rules for certain transfers of nonbusiness assets and limit estate tax discounts for certain individuals with minority interests in a business acquired from a decedent; and (7) revise rules for valuing assets in grantor retained annuity trusts to require that the right to receive fixed amounts from an annuity last for a term of not less than 10 years, that such fixed amounts not decrease during the first 10 years of the annuity term, and that the remainder interest have a value greater than zero when transferred.
Topic: Macroeconomics — Tax Code
Subject: Finance and financial sector
Date: 2010-07-27 00:00:00

Protecting Gun Owners in Bankruptcy Act of 2010 - Amends federal bankruptcy law to permit an individual debtor to exempt from the property of the estate in bankruptcy the debtor's aggregate interest, not to exceed $3,000, in a single rifle, shotgun, or pistol or any combination of them. Declares the date of enactment as the effective date of this Act.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-07-28 00:00:00

Family Farm Estate Tax Deferral Act of 2010 - Amends the Internal Revenue Code to: (1) exclude from the value of a decedent's gross estate farmland used by the decedent or a member of the decedent's family for farming purposes for periods aggregating five years or more during the eight-year period ending on the date of the decedent's death; (2) impose a recapture tax on an heir who disposes of such farmland after the decedent's death or who ceases to use such farmland for farming purposes; and (3) increase the limitation on the estate tax exclusion for land subject to a qualified conservation easement to $5 million and the percentage of the value of such land that is excludable.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-08-05 00:00:00

Economic Growth and Jobs Protection Act of 2010 - Repeals the provision in the Health Care and Education Reconciliation Act of 2010 that provides for the inclusion of net investment income in the Medicare taxable base and imposes a 3.8% tax on such income, beginning in 2013.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-08-05 00:00:00

Mechanical Insulation Installation Incentive Act of 2010 - Amends the Internal Revenue Code to allow an additional tax deduction for the cost of installing mechanical insulation property. Limits the amount of such deduction to the lesser of 30% and the reduction in energy loss from the installed mechanical insulation property compared to property which meets the minimum requirements of American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) standard 90.1-2007. Allows a deduction for 30% of the cost of replacing such property. Defines "mechanical insulation property" as insulation materials, facings, and accessory products: (1) placed in service in connection with a mechanical system which is located in the United States and of a character subject to an allowance for depreciation; and (2) utilized for thermal, acoustical, and personnel safety requirements for mechanical piping and equipment, hot and cold applications, and heating, venting and air conditioning applications which can be used in a variety of facilities. Allows a tax deduction for capital expenditures related to mechanical insulation property.
Topic: Macroeconomics — Tax Code
Subject: International affairs
Date: 2010-08-05 00:00:00

Zimbabwe Sanctions Repeal Act of 2010 - Repeals the Zimbabwe Democracy and Economic Recovery Act of 2001. (The Zimbabwe Democracy and Economic Recovery Act of 2001 prohibits U.S. support through international financial institutions for debt relief and other economic development aid to Zimbabwe until certain conditions to restore democracy and the rule of law are met.)
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-09-14 00:00:00

Information Reporting Modernization Act of 2010 - Amends the Internal Revenue Code to increase from $600 to $5,000 the threshold amount for reporting to the Internal Revenue Service (IRS) payments made to corporations. Adjusts such increased amount for inflation, beginning after 2012. Requires the Secretary of the Treasury, with respect to tax returns filed in calendar years after 2011, to: (1) upgrade IRS scanning technology to allow for the submission of generic 1099-MISC forms downloaded from the IRS website; and (2) establish a free online entry and submission mechanism.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-09-16 00:00:00

Taxpayer Advocacy and Government Accountability Promotion Act of 2010 or the TAX GAP Act of 2010 - Amends the Internal Revenue Code to: (1) extend requirements for the reporting of payments to governmental units; (2) require information reporting of rental income from real estate; (3) require additional information on tax returns relating to mortgage interest; (4) expand information reporting requirements for bank accounts, non-interest bearing deposits, and electronic filings by paid tax preparers; (5) impose a continuous levy on federal contractors for tax liabilities and on payments made to Medicaid providers or suppliers; and (6) increase penalties for failure to file correct information returns, failure to file correct payee statements, and for intentional disregard of information reporting requirements. Directs the Secretary of the Treasury to: (1) revise Schedule C of tax form 1040 (self-employment income) to require reporting of additional gross receipts and expense information by sole proprietors; and (2) report to Congress on efforts to improve voluntary compliance by sole proprietors. Authorizes the Secretary to make an apology payment to a taxpayer for any action or inaction by the Internal Revenue Service (IRS) that has caused the taxpayer excess expense or undue burden. Excludes the amount of any such apology payment from taxpayer gross income. Requires the Secretary to submit to Congress: (1) a study of whether the IRS has sufficient capacity to incorporate expanded information reporting requirements; (2) a report on taxpayer assistance and tax simplification; (3) a study to quantify the effect of tax penalties; (4) comprehensive and detailed reports on a strategy for reducing the tax gap; (5) a study on revenue increases and costs with respect to tax gap legislation; and (6) reports on worker misclassification (e.g., employees classified as independent contractors).
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-09-29 00:00:00

Volunteer Income Tax Assistance (VITA) Act of 2010 - Directs the Secretary of the Treasury, through the Internal Revenue Service (IRS), to establish a Community Volunteer Income Tax Assistance Matching Grant Program (VITA grant program) for the development, expansion, or continuation of volunteer tax preparation programs to assist low-income taxpayers and members of underserved populations. Establishes the National Center to Promote Quality, Excellence, and Evaluation in Volunteer Income Tax Assistance. Requires such Center to: (1) promote the adoption of a universally accessible volunteer training platform for the preparation of federal income tax returns; (2) provide technical assistance to tax return preparation program managers; (3) identify and disseminate best practices related to tax site management; (4) support outreach and marketing efforts; and (5) provide evaluation of programs and activities funded under this Act.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2010-09-29 00:00:00

Wrongful Convictions Tax Relief Act of 2010 - Amends the Internal Revenue Code to allow wrongfully incarcerated individuals: (1) an exclusion from gross income for compensation received relating to their incarceration and for the first $50,000 of annual income received by such an individual after December 31, 2009; and (2) a refundable tax credit for 50% of payroll taxes on employment and self-employment income, up to $50,000 of such income. Limits the duration of such tax benefits to the lesser of 15 years or the number of years such an individual was incarcerated. Defines "wrongfully incarcerated individual" as an individual who was convicted of a criminal offense and was then pardoned or found not guilty of such offense because of innocence after serving all or a portion of a prison term. Disqualifies individuals with prior convictions punishable by more than one year of imprisonment.