jiayi-li23/proxann_data huggingface dataset:
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-03-08 00:00:00

American Research and Competitiveness Act of 2011 - Amends the Internal Revenue Code to: (1) extend through December 31, 2012, the tax credit for increasing research activities; and (2) increase the rate of the alternative simplified tax credit to 20% and make such credit permanent.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-03-11 00:00:00

Indigent Funeral Expense Reimbursement Act of 2011 - Amends the Internal Revenue Code to allow taxpayers engaged in the the trade or business of providing funeral or burial goods and services a business-related tax credit for the unreimbursed expense of providing funeral or burial goods and services for a deceased indigent individual. Limits the amount of such expenses eligible for such credit to $3,000 in a taxable year for such an individual.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-03-11 00:00:00

Freedom Flat Tax Act - Amends the Internal Revenue Code to authorize an individual or a person engaged in business activity to make an irrevocable election to be subject to a flat tax (in lieu of the existing tax provisions) of 19% for the first two years after an election is made, and 17% thereafter. Calculates taxable income for individual taxpayers by subtracting a basic standard deduction and an additional standard deduction for each dependent from the total of wages, retirement distributions, and unemployment compensation. Defines "business taxable income" to mean gross active income reduced by the cost of certain business inputs. Imposes an employer tax on the value of excludable compensation provided to employees not engaged in business activity of 19% for the first two years after an election is made under this Act and 17% thereafter. Repeals the estate, gift, and generation-skipping transfer taxes. Requires a two-thirds vote of the House of Representatives or the Senate to increase the flat tax rate proposed by this Act or to reduce the amount of the standard deduction or business-related deductions allowed by this Act.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-03-14 00:00:00

Seniors' Tax Simplification Act of 2011 - Directs the Secretary of the Treasury to make available a new federal income tax Form 1040SR (similar to Form 1040EZ) to individuals who have turned 65 as of the close of the taxable year. Allows the form to be used even if income includes: (1) social security benefits; (2) distributions from qualified retirement plans, annuities, or other such deferred payment arrangements; (3) interest and dividends; or (4) capital gains and losses.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-03-14 00:00:00

Amends the Internal Revenue Code to allow unmarried individuals who do not have gross income from a trade or business and who do not itemize their tax deductions to elect: (1) to have the Internal Revenue Service (IRS) prepare their income tax returns; and (2) to decline to file such IRS-prepared return, without penalty.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-03-14 00:00:00

Amends the Internal Revenue Code to reduce to 10%: (1) the income tax rate on corporations, including personal service corporations; and (2) the capital gains income of individuals and corporations. Makes provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 that reduce tax rates on capital gains income permanent.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-03-15 00:00:00

Complete and Permanent Property Tax Deduction Act of 2011 - Amends the Internal Revenue Code to: (1) make the standard tax deduction for real property taxes permanent; and (2) repeal the dollar limitation on such deduction and the exclusion of foreign real property taxes.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-03-16 00:00:00

Fairness in Taxation Act of 2011 - Amends the Internal Revenue Code to: (1) increase individual income tax rates for taxpayers whose taxable income exceeds $1 million, and (2) provide for an adjustment in the capital gains tax of taxpayers whose taxable income is subject to the 45% tax bracket.
Topic: Macroeconomics — Tax Code
Subject: Economics and public finance
Date: 2011-03-16 00:00:00

Debt Free America Act - States as purposes of this Act the raising of sufficient revenue from a fee on transactions to: (1) eliminate the national debt within 10 years and phase out the individual income tax, including interest payments on the national debt; and (2) provide incentives for private sector investment in capital goods, clean energy generation, and infrastructure development. Amends the Internal Revenue Code to impose a 1% fee, offset by a corresponding nonrefundable income tax credit, on every specified transaction that uses a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument. Defines "specified transaction" to: (1) exclude any deposit into a personal account of an individual and any transfer between accounts, and (2) include retail and wholesale sales, purchases of intermediate goods, and financial and intangible transactions. Establishes in the legislative branch the Bipartisan Task Force for Responsible Fiscal Action to review the fiscal imbalance of the federal government and make recommendations to improve such imbalance. Provides for expedited consideration by Congress of Task Force recommendations. Repeals after 2021 the individual income tax, refundable and nonrefundable personal tax credits, and the alternative minimum tax (AMT) on individuals. Directs the Secretary of the Treasury to: (1) prioritize the repayment of the national debt to protect the fiscal stability of the United States; and (2) study and report to Congress on the implementation of this Act.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-03-16 00:00:00

Tax Free Tips Act of 2011- Amends the Internal Revenue Code to exempt tips from the income tax, social security and railroad retirement taxes, unemployment taxes, and tax withholding. Defines "tips" as any gratuity provided to a salaried employee by a customer or client of the employer's business.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-03-17 00:00:00

Community Recovery and Enhancement Act of 2011 or the CRE Act of 2011 - Amends the Internal Revenue Code to allow a tax deduction for payments made to reduce debt on eligible commercial property. Limits the amount of such deduction to the lesser of: (1) 50% of the excess of the amount of qualified debt secured by such property, (2) 50% of the fair market value of such property, (3) $10 million, or (4) the adjusted basis of such property at the close of the taxable year. Defines "eligible commercial property" as any commercial real property if: (1) the amount of the qualified indebtedness secured by such property is at least 85% of the fair market value of the property, or (2) such property is, or is reasonably expected to be, treated as being in an in-substance foreclosure by the Comptroller of the Currency. Denies a tax deduction for debt reduction payments that are debt-financed. Requires a recapture in income of tax deduction amounts allowed by this Act if additional indebtedness is incurred within three years after a qualified debt reduction payment is made.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-03-17 00:00:00

Artist-Museum Partnership Act of 2011 - Amends the Internal Revenue Code to allow taxpayers who create literary, musical, artistic, or scholarly compositions or similar property a fair market value (determined at the time of contribution) tax deduction for contributions of such properties, the copyrights thereon, or both, to certain tax-exempt organizations, if such properties are properly appraised and are donated no sooner than 18 months after their creation. Limits the amount of such deduction based upon the donor's artistic adjusted gross income, as defined by this Act.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-03-29 00:00:00

Small Brewer Reinvestment and Expanding Workforce Act or the Small BREW Act - 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: Taxation
Date: 2011-03-30 00:00:00

Death Tax Repeal Permanency Act of 2011 - Amends the Internal Revenue Code to: (1) repeal the estate and generation-skipping transfer taxes, and (2) make permanent the maximum 35% gift tax rate and a $5 million lifetime gift tax exemption.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-03-30 00:00:00

Amends the Internal Revenue Code to make permanent the 15-year recovery period classification for qualified leasehold improvement, restaurant, and retail improvement property, for purposes of the depreciation tax deduction.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-04-13 00:00:00

Taxpayer Receipt Act - Amends the Internal Revenue Code to require the Secretary of the Treasury to provide every taxpayer who files an individual income tax return for any taxable year an itemized tax receipt showing: (1) the proportionate allocation of the taxpayer's payment in such year among major expenditure categories of the federal budget (e.g., social security, national defense, Medicare and other federal health programs, low-income assistance programs, unemployment benefits, net interest on the federal debt, and other federal programs); and (2) the amount of the federal debt at the end of the fiscal year and the amount of additional borrowing by the federal government in such fiscal year per each legal U.S. resident.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-04-14 00:00:00

Put Your Money Where Your Mouth Is Act of 2011 - Amends the Internal Revenue Code to allow taxpayers to designate on their income tax returns a payment of $1 or more to the general fund of the Treasury.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-04-14 00:00:00

Supermarket Tax Credit for Underserved Areas Act - Amends the Internal Revenue Code to: (1) increase the rate of the rehabilitation tax credit for a supermarket building placed in service after December 31, 2011, and before January 1, 2014, in an underserved area (i.e., any enterprise community or empowerment zone and any renewal community); (2) increase by $1,000 the the limit on wages eligible for the work opportunity tax credit for employees of a supermarket located in an underserved area; and (3) allow a business-related tax credit for 15% of the gross receipts from the retail sale of locally-grown fresh fruits and vegetables in a supermarket in an underserved area.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-04-14 00:00:00

Amends the Internal Revenue Code to repeal the 3.8% Medicare contribution tax on net investment income.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-04-15 00:00:00

Open Space Preservation Promotion Act of 2011 - Amends the Internal Revenue Code to allow installment sales treatment for land sold to a governmental unit or tax-exempt charitable organization for conservation purposes even though the purchase funds for such sale are held in a sinking or similar fund, as required by state law.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-04-15 00:00:00

Tax Cuts for America Act of 2011 - Amends the Internal Revenue Code to make permanent: (1) the tax credit for differential wage payments for employees who are active duty members of the uniformed services, (2) the tax deduction for charitable contributions of book inventories to public schools, (3) the tax deduction for certain expenses of elementary and secondary school teachers, (4) the tax deduction for qualified tuition and related expenses, and (5) the tax deduction for state and local sales taxes in lieu of state and local income taxes. Amends the Housing and Economic Recovery Act of 2008 to make permanent the exclusion from income of military basic housing allowances for purposes of the low-income housing tax credit. Makes permanent provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 relating to the tax exclusion for employer-provided educational assistance and the tax deduction for interest on student loans.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-04-15 00:00:00

Trash Reduction Act of 2011 - Amends the Internal Revenue Code to require retailers to pay a $0.05 excise tax on each disposable carryout bag provided to a consumer. Defines "disposable carryout bag" to mean a bag of any material, commonly plastic or kraft paper, which is provided to a consumer at the point of sale to carry or cover purchases, merchandise, or items. Exempts reusable bags and certain other bags used for specified purposes from such tax. Allows a refund of such tax for retailers who establish a disposable carryout bag recycling program. Establishes in the Treasury the Disposable carryout bag Trust Fund to hold tax revenues generated by this Act. Directs the Secretary of the Treasury to make payments from such Trust Fund for the disposable carryout bag recycling program and for the land and water conservation fund established by the Land and Water Conservation Fund Act of 1965. Directs the Comptroller General to report to Congress on the effectiveness of this Act in reducing the use of disposable carryout bags and encouraging recycling of such bags.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-04-15 00:00:00

Tax Equity Act of 2011 - Amends the Internal Revenue Code to provide regional cost-of-living adjustments in individual income tax rates. Directs the Secretary of Labor to determine and publish a regional cost-of-living index for each metropolitan statistical area.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-05-02 00:00:00

Brewers Excise and Economic Relief Act of 2011 - Amends the Internal Revenue Code to: (1) reduce from $18 to $9 ( the pre-1991 level) the per-barrel tax on beer; and (2) allow a further reduction in such tax for brewers who produce not more than 2 million barrels annually.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-05-05 00:00:00

Amends the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 to make permanent the estate, gift, and generation-skipping transfer tax revisions of such Act.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-05-05 00:00:00

Made in America Act of 2011 - Amends the Internal Revenue Code to: (1) make permanent the tax credit for increasing research activities; (2) increase to 20% the rate of the alternative simplified tax credit for research expenses and repeal the taxpayer election to take an alternative incremental credit for such expenses; (3) make permanent the increased expensing allowance for depreciable business property; and (4) reduce to 30% the maximum income tax rate for corporations, including personal service corporations. Directs the Comptroller General to conduct studies of: (1) the impact of workplace employee health care facilities on employee health and and productivity, and (2) the best practices for encouraging college graduates from rural areas to return to those areas after graduation.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-05-11 00:00:00

Home Office Deduction Simplification Act - Amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the business use of such residence.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-05-11 00:00:00

Freedom to Invest Act of 2011 - Amends the Internal Revenue Code to: (1) extend the election allowed to a U.S. corporation to deduct dividends received from a controlled foreign corporation to the corporation's last taxable year beginning before the enactment of this Act or the first taxable year beginning during the one-year period beginning on such enactment date, and (2) reduce the amount of such tax deduction for corporations that fail to maintain specified employment levels for full-time U.S. employees.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-05-12 00:00:00

Digital Goods and Services Tax Fairness Act of 2011 - Prohibits a state or local jurisdiction from imposing multiple or discriminatory taxes on or with respect to the sale or use of digital goods or services delivered or transferred electronically to a customer. Excludes from the definition of "digital service" telecommunications service, Internet access service, or audio or video programming service. Restricts taxation of digital goods and services to the retail sale of such goods and services and by the jurisdiction encompassing a customer's tax address. Prohibits the use of existing regulations or administrative rulings relating to the taxation of tangible personal property or other services to impose any tax on the sale or use of digital goods or services. Grants jurisdiction to federal district courts to prevent a violation of this Act, without regard to the amount in controversy or the citizenship of the parties. Expresses the sense of Congress that each state shall take reasonable steps to prevent multiple taxation of digital goods and services where a foreign country has imposed a tax on such goods and services.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-05-26 00:00:00

Taxing Speculators out of the Oil Market Act - Amends the Internal Revenue Code to: (1) impose an 0.01% excise tax on transactions in oil futures, options, and swaps, to be paid by the trading facility on which the transactions occur or by the buyer of the transaction; and (2) require withholding of such tax if the buyer is a foreign person. Exempts from such tax certain commercial oil traders and bona fide hedging transactions. Amends the Commodity Exchange Act to credit tax revenues from this Act as offsetting collections to appropriations to the Commodity Futures Trading Commission (CFTC). Requires any unexpended amounts to be used to reduce the public debt. Requires the CFTC to: (1) subject each bank holding company that engages in trading in oil futures, options, and swaps, and each hedge fund that buys or sells a contract of sale of oil for future delivery, to the rules applicable to noncommercial participants in the markets for the contracts; and (2) revoke immediately each staff no-action letter that covers a foreign board of trade that has established a trading terminal in the United States for selling contracts to or from U.S. investors and engages in trading in oil futures, options, and swaps.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-06-01 00:00:00

Evacuees Tax Relief Act of 2011 - Amends the Internal Revenue Code to allow individual taxpayers to elect either a tax credit or tax deduction for up to $5,000 of their voluntary or mandatory evacuation expenses due to a disaster.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-06-02 00:00:00

Amends the Internal Revenue Code to repeal the 10% excise tax on indoor tanning services.
Topic: Macroeconomics — Tax Code
Subject: Transportation and public works
Date: 2011-06-16 00:00:00

Permits any person who entered into a capital construction fund agreement (an agreement to provide replacement vessels, additional vessels, or reconstructed vessels) with respect to certain vessels operated in the fisheries of the United States to make an election to terminate the capital construction fund established under such agreement. Sets forth provisions concerning the effect of such election, including the distribution and taxation of such funds, on individuals and entities.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-06-23 00:00:00

Eminent Domain Tax Relief Act of 2011 - Amends the Internal Revenue Code to exclude from gross income gain from the conversion of property by reason of eminent domain.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-07-06 00:00:00

Commuter Benefits Equity Act of 2011 - Amends the Internal Revenue Code to equalize and increase to $230, with a cost-of-living adjustment after 2012, the tax exclusion for both transportation and parking fringe benefits.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-07-07 00:00:00

Tax Credit to Hire Veterans Act of 2011 - Amends the Internal Revenue Code to allow through 2014 an increase in the amount of depreciable business assets that an eligible small business can expense (i.e., deduct in the same taxable year) if such business employs certain unemployed veterans. Defines "eligible small business" to mean a business entity whose gross receipts in the preceding taxable year did not exceed $5 million or that did not employ more than 500 full time employees.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-07-15 00:00:00

Free File Program Act of 2011 - Authorizes and directs the Secretary of the Treasury to continue to implement and operate the Internal Revenue Service (IRS) Free File program (free online individual income tax preparation and electronic filing services provided by the private sector technology industry to lower income taxpayers).
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-07-19 00:00:00

Charitable Contribution Parity and Enhancement Act - Amends the Internal Revenue Code to extend the tax deduction for charitable contributions of ordinary income property to all trades and businesses (currently limited to corrporations other than S corporations).  Limits the amount of such deduction for taxpayers other than C corporations to not more than 10% of their aggregate net income for a taxable year from all trades or businesses.
Topic: Macroeconomics — Tax Code
Subject: Taxation
Date: 2011-07-26 00:00:00

New Markets Tax Credit Extension Act of 2011 - Amends the Internal Revenue Code to: (1) extend the new markets tax credit through 2016, (2) provide for an inflation adjustment to the limitation amount for such credit after 2012, and (3) allow an offset against the alternative minimum tax (AMT) for such credit (determined with respect to qualified equity investments made before January 1, 2017).