110 HR 2507 IH: Seniors Financial Security Act of 2007
U.S. House of Representatives
2007-05-24
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I
110th CONGRESS 1st Session
H. R. 2507
IN THE HOUSE OF REPRESENTATIVES

May 24, 2007
Mr. Franks of Arizona introduced the following bill; which was referred to the Committee on Ways and Means

A BILL
To amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits and tier 1 railroad retirement benefits.

1.Short titleThis Act may be cited as the Seniors Financial Security Act of 2007.
2.Repeal of inclusion in gross income of Social Security benefits and tier 1 railroad retirement benefits
(a)In GeneralSection 86 of the Internal Revenue Code of 1986 (relating to taxation of social security and tier 1 railroad retirement benefits) is hereby repealed.
(b)Technical and Conforming Amendments
(1)Subparagraph (B) of section 22(c)(3) of such Code (relating to treatment of certain workmen’s compensation benefits) is amended by striking any amount treated as a social security benefit under section 86(d)(3) and inserting if, by reason of section 224 of the Social Security Act (or by reason of section 3(a)(1) of the Railroad Retirement Act of 1974), any benefit otherwise payable under title II of the Social Security Act or the Railroad Retirement Act of 1974 is reduced by reason of the receipt of a benefit under a workmen’s compensation act, the portion of such benefit received under the workmen’s compensation act which equals such reduction.
(2)Paragraph (3) of section 72(r) of such Code (defining tier 1 railroad retirement benefit) is amended by striking “has the meaning given such term by section 86(d)(4)” and inserting “means—

(A)the amount of the annuity under the Railroad Retirement Act of 1974 equal to the amount of the benefit to which the taxpayer would have been entitled under the Social Security Act if all of the service after December 31, 1936, of the employee (on whose employment record the annuity is being paid) had been included in the term employment as defined in the Social Security Act, and
(B)a monthly annuity amount under section 3(f)(3) of the Railroad Retirement Act of 1974..
(3)Sections 135(c)(4)(B), 137(b)(3)(B), 199(d)(2)(A), 221(b)(2)(C)(ii), and 222(b)(2)(C)(ii) of such Code are each amended by striking 86,.
(4)Clause (i) of section 219(g)(3)(A) of such Code is amended by striking sections 86 and 469 and inserting section 469.
(5)Subparagraph (F) of section 469(i)(3) of such Code is amended by striking clause (i) and by redesignating clauses (ii), (iii), and (iv) as clauses (i), (ii), and (iii), respectively.
(6)Paragraph (8) of section 861(a) of such Code (treating social security benefits as United States sourced) is hereby repealed.
(7)Paragraph (3) of section 871(a) of such Code (relating to taxation of social security benefits by nonresident aliens) is hereby repealed.
(8)Subsection (g) of section 1441 of such Code (relating to withholding of tax on nonresident aliens) is hereby repealed.
(9)Subparagraph (C) of section 3402(p)(1) of such Code is amended by striking clause (i) and by redesignating clauses (ii), (iii), and (iv) as clauses (i), (ii), and (iii), respectively.
(10)Paragraph (4) of section 6015(d) of such Code is amended by striking the last sentence.
(11)Section 6050F of such Code (relating to returns relating to social security benefits) is hereby repealed.
(12)Paragraph (1) of section 6050G(a) of such Code (relating to returns relating to certain railroad retirement benefits) is amended by striking section 86(d)(4) and inserting section 72(r)(3).
(13)
(A)Section 6103(h) of such Code (relating to disclosure) is amended by striking paragraph (5) and by redesignating paragraph (6) as paragraph (5).
(B)Paragraph (4) of section 6103(p) of such Code is amended by striking (h)(5), each place it appears.
(C)Subsection (k) of section 1113 of the Right to Financial Privacy Act of 1978 is hereby repealed.
(14)The table of sections for part II of subchapter B of chapter 1 of such Code is amended by striking the item relating to section 86.
(15)The table of sections for subpart B of part III of subchapter A of chapter 61 of such Code is amended by striking the item relating to section 6050F.
(c)Effective DateThe amendments made by this section shall apply to benefits received after December 31, 2006, in taxable years ending after such date.
(d)Trust Funds Held HarmlessThere are hereby appropriated (out of any money in the Treasury not otherwise appropriated) for each fiscal year to each fund under the Social Security Act or the Railroad Retirement Act of 1974 an amount equal to the reduction in the transfers to such fund for such fiscal year by reason of the amendments made by this section.


		II
		111th CONGRESS
		1st Session
		S. 99
		IN THE SENATE OF THE UNITED STATES

			January 6, 2009
			Mr. Vitter introduced
			 the following bill; which was read twice and referred to the
			 Committee on
			 Finance

		A BILL
		To amend the Internal Revenue Code of 1986 to provide a
		  Federal income tax credit for certain stem cell research
		  expenditures.

		1.Short
			 titleThis Act may be cited as
			 the Ethical Stem Cell Research Tax
			 Credit Act of 2009.
		2.Credit for
			 ethical stem cell research
			(a)In
			 generalSubpart D of part IV of subchapter A of chapter 1
			 (relating to business related credits) of the Internal Revenue Code of 1986 is
			 amended by adding at the end the following new section:

					45R.Ethical stem
				cell research
						(a)Allowance of
				creditFor purposes of section 38, in the case of an eligible
				taxpayer, the ethical stem cell research credit determined under this section
				for the taxable year shall be an amount equal to 30 percent of the qualified
				stem cell research expenses paid or incurred by the taxpayer during the taxable
				year.
						(b)Eligible
				taxpayerFor purposes of this section, the term eligible
				taxpayer means any taxpayer that elects the application of this section
				for the taxable year.
						(c)Qualified stem
				cell research expensesFor purposes of this section—
							(1)In
				generalThe term qualified stem cell research
				expenses means expenses which are paid or incurred by the eligible
				taxpayer during the taxable year in carrying on basic and applied research to
				develop techniques for the isolation, derivation, production, testing, and
				human clinical use of stem cells that may result in improved understanding of
				or treatments for diseases and other adverse health conditions, no part of
				which may involve—
								(A)the creation of a
				human embryo for research purposes,
								(B)the destruction
				of or discarding of, or risk of injury to, a human embryo, or
								(C)the use of any
				stem cell, the derivation or provision of which would be inconsistent with
				subparagraph (A) or (B).
								(2)Human
				embryoThe term human embryo means any organism not
				protected as a human subject under part 46 of title 45, Code of Federal
				Regulations (as in effect on the date of the enactment of this section) that is
				derived by fertilization, parthenogenesis, cloning, or any other means from one
				or more human gametes or human diploid cells.
							(3)Risk of
				injuryThe term risk of injury means subjecting a
				human embryo to risk of injury or death greater than that allowed for research
				on a fetus in utero under section 498(b) of the Public Health Service Act (42
				U.S.C. 289g(b)) (as in effect on the date of the enactment of this section) and
				section 46.204(b) of title 45, Code of Federal Regulations (as so in
				effect).
							(d)Treatment of
				qualified stem cell research expenses
							(1)In
				generalExcept as provided in paragraph (2), any qualified stem
				cell research expenses for a taxable year to which an election under this
				section applies shall not be taken into account for purposes of determining the
				credit allowable under section 41 for such taxable year.
							(2)Treated as base
				period research expensesAny qualified stem cell research
				expenses for any taxable year which are qualified research expenses (within the
				meaning of section 41(b)) shall be taken into account in determining base
				period research expenses for purposes of applying section 41 to subsequent
				taxable years.
							(e)Special
				rules
							(1)LimitationNo
				credit shall be allowed under this section with respect to any stem cell
				research conducted by a corporation to which an election under section 936
				applies.
							(2)Aggregation of
				expenditures and allocations of creditRules similar to the rules
				of paragraphs (1) and (2) of section 41(f) and section 41(g) shall apply for
				purposes of this
				section.
							.
			(b)Credit allowed
			 as part of general business creditSection 38(b) of the Internal
			 Revenue Code of 1986 is amended by striking plus at the end of
			 paragraph (34), by striking the period at the end of paragraph (35) and
			 inserting , plus, and by adding at the end the following new
			 paragraph:

					(36)the ethical stem
				cell research credit determined under section
				45R(a).
					.
			(c)Denial of
			 double benefitSection 280C of the Internal Revenue Code of 1986
			 is amended by adding at the end the following new subsection:

					(g)Ethical stem
				cell research credit
						(1)In
				generalNo deduction shall be allowed for that portion of the
				qualified stem cell research expenses (as defined in section 45R(c)(1))
				otherwise allowable as a deduction for the taxable year which is equal to the
				amount of the credit determined for such taxable year under section
				45R(a).
						(2)Similar rule
				where taxpayer capitalizes rather than deducts
				expensesIf—
							(A)the amount of the
				credit determined for the taxable year under section 45R(a), exceeds
							(B)the amount
				allowable as a deduction for such taxable year for qualified stem cell research
				expenses (determined without regard to paragraph (1)),
							the amount
				chargeable to capital account for the taxable year for such expenses shall be
				reduced by the amount of such excess.(3)Controlled
				groupsParagraph (3) of subsection (b) shall apply for purposes
				of this
				subsection.
						.
			(d)Clerical
			 amendmentThe table of sections for subpart D of part IV of
			 subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by
			 adding at the end the following new item:

						Sec. 45R. Ethical stem cell
				research.

					.
			(e)Effective
			 DateThe amendments made by this section shall apply to amounts
			 paid or incurred after the date of the enactment of this Act.


109 HR 4891 IH: To require the Nuclear Regulatory Commission to conduct an Independent Safety Assessment of the Indian Point Nuclear Power Plant.
U.S. House of Representatives
2006-03-07
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I
109th CONGRESS 2d Session
H. R. 4891
IN THE HOUSE OF REPRESENTATIVES

March 7, 2006
Mr. Hinchey (for himself, Mr. Shays, Mrs. Lowey, Mr. Engel, and Mrs. Kelly) introduced the following bill; which was referred to the Committee on Energy and Commerce

A BILL
To require the Nuclear Regulatory Commission to conduct an Independent Safety Assessment of the Indian Point Nuclear Power Plant.

1.Independent Safety AssessmentNot later than 6 months after the date of enactment of this Act, the Nuclear Regulatory Commission shall transmit to the Congress a report containing the results of—
(1)a focused, in-depth Independent Safety Assessment of the design, construction, maintenance, and operational safety performance of the systems at the Indian Point Nuclear Power Plant, Reactors 2 and 3, located in Westchester County, New York, including the systems described in section 2; and
(2)a comprehensive evaluation of the radiological emergency plan for Indian Point Nuclear Power Plant, Reactors 2 and 3, conducted by the Nuclear Regulatory Commission and the Department of Homeland Security, which shall include—
(A)a detailed explanation of the factual basis upon which the Nuclear Regulatory Commission and the Federal Emergency Management Agency relied in—
(i)approving the radiological emergency plan; and
(ii)making subsequent annual findings of reasonable assurance that the plan will adequately protect the public in the event of an emergency, beginning on July 25, 2003 and continuing to the present; and
(B)a detailed response to each of the criticisms of the radiological emergency plan contained in the Review of Emergency Preparedness of Areas Adjacent to Indian Point and Millstone, published by James Lee Witt Associates on January 10, 2003.
2.SystemsThe systems referred to in section 1(1) are the following:
(1)The reactor protection system.
(2)The control room ventilation system and the containment ventilation system.
(3)The 4.16 kv electrical system.
(4)The condensate system.
(5)The spent fuel storage system.
3.Independent Safety Assessment modelThe Independent Safety Assessment conducted at Indian Point Nuclear Power Plant shall be equal in depth and breadth to the Independent Safety Assessment of the Maine Yankee Nuclear Power Plant, located near Bath, Maine, conducted by the Nuclear Regulatory Commission in 1996.


 S2109 ENR: Directing Dollars to Disaster Relief Act of 2015
U.S. Senate

text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

One Hundred Fourteenth Congress of the United States of America2d SessionBegun and held at the City of Washington on Monday, the fourth day of January, two thousand and
			 sixteenS. 2109IN THE SENATE OF THE UNITED STATESAN ACTTo direct the Administrator of the Federal Emergency Management Agency to develop an integrated
			 plan to reduce administrative costs under the Robert T. Stafford Disaster
 Relief and Emergency Assistance Act, and for other purposes.1.Short titleThis Act may be cited as the Directing Dollars to Disaster Relief Act of 2015.2.DefinitionsIn this Act—(1)the term administrative cost—(A)means a cost incurred by the Agency in support of the delivery of disaster assistance for a major disaster; and(B)does not include a cost incurred by a grantee or subgrantee;(2)the term Administrator means the Administrator of the Agency;(3)the term Agency means the Federal Emergency Management Agency;(4)the term direct administrative cost means a cost incurred by a grantee or subgrantee of a program authorized by the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5121 et seq.) that can be identified separately and assigned to a specific project;(5)the term hazard mitigation program means the hazard mitigation grant program authorized under section 404 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5170c);(6)the term individual assistance program means the individual assistance grant program authorized under sections 408, 410, 415, 416, 426, and 502(a) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5174, 5177, 5182, 5183, 5189d, and 5192(a));(7)the term major disaster means a major disaster declared by the President under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5170);(8)the term mission assignment has the meaning given the term in section 641 of the Post-Katrina Emergency Management Reform Act of 2006 (6 U.S.C. 741); and(9)the term public assistance program means the public assistance grant program authorized under sections 403(a)(3), 406, 418, 419, 428, and 502(a) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5170b(a)(3), 5172, 5185, 5186, 5189f, and 5192(a)).3.Integrated plan for administrative cost reduction(a)In generalNot later than 365 days after the date of enactment of this Act, the Administrator shall—(1)develop and implement an integrated plan to control and reduce administrative costs for major disasters, which shall include—(A)steps the Agency will take to reduce administrative costs;(B)milestones needed for accomplishing the reduction of administrative costs;(C)strategic goals for the average annual percentage of administrative costs of major disasters for each fiscal year;(D)the assignment of clear roles and responsibilities, including the designation of officials responsible for monitoring and measuring performance; and(E)a timetable for implementation;(2)compare the costs and benefits of tracking the administrative cost data for major disasters by the public assistance, individual assistance, hazard mitigation, and mission assignment programs, and if feasible, track this information; and(3)clarify Agency guidance and minimum documentation requirements for a direct administrative cost claimed by a grantee or subgrantee of a public assistance grant program.(b)Congressional updateNot later than 90 days after the date of enactment of this Act, the Administrator shall brief the Committee on Homeland Security and Governmental Affairs of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives on the plan required to be developed under subsection (a)(1).(c)UpdatesIf the Administrator modifies the plan or the timetable under subsection (a), the Administrator shall submit to the Committee on Homeland Security and Governmental Affairs of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives a report notifying Congress of the modification, which shall include the details of the modification.4.Reporting requirement(a)Annual reportNot later than November 30 of each year for 7 years beginning on the date of enactment of this Act, the Administrator shall submit to Committee on Homeland Security and Governmental Affairs of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives a report on the development and implementation of the integrated plan required under section 3 for the previous fiscal year.(b)Report updates(1)Three year updateNot later than 3 years after the date on which the Administrator submits a report under subsection (a), the Administrator shall submit an updated report for the previous 3-fiscal-year period.(2)Five year updateNot later than 5 years after the date on which the Administrator submits a report under subsection (a), the Administrator shall submit an updated report for the previous 5-fiscal-year period.(c)Contents of reportsEach report required under subsections (a) and (b) shall contain, at a minimum—(1)the total amount spent on administrative costs for the fiscal year period for which the report is being submitted;(2)the average annual percentage of administrative costs for the fiscal year period for which the report is being submitted;(3)an assessment of the effectiveness of the plan developed under section 3(a)(1);(4)an analysis of—(A)whether the Agency is achieving the strategic goals established under section 3(a)(1)(C); and(B)in the case of the Agency not achieving such strategic goals, what is preventing the Agency from doing so;(5)any actions the Agency has identified as useful in improving upon and reaching the goals for administrative costs established under section 3(a)(1)(C); and(6)any data described in section 3(a)(2), if the Agency determines it is feasible to track such data.(d)Public availabilityNot later than 30 days after the date on which the Administrator submits a report to Congress under this section, the Administrator shall make the report publicly available on the website of the Agency.Speaker of the House of RepresentativesVice President of the United States and President of the Senate


110 HR 6484 IH: To provide for a study of measures to achieve energy

U.S. House of Representatives
2008-07-14
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

		I
		110th CONGRESS
		2d Session
		H. R. 6484
		IN THE HOUSE OF REPRESENTATIVES

			July 14, 2008
			Mr. Capuano
			 introduced the following bill; which was referred to the
			 Committee on Energy and
			 Commerce, and in addition to the Committee on
			 Science and Technology,
			 for a period to be subsequently determined by the Speaker, in each case for
			 consideration of such provisions as fall within the jurisdiction of the
			 committee concerned

		A BILL
		To provide for a study of measures to achieve energy
		  independence for the United States without adversely affecting the
		  environment.

		1.Energy independence
			 studyThe Secretary of Energy
			 shall enter into an arrangement with the National Academy of Sciences for a
			 study of what measures the United States can take, including what research
			 needs to be undertaken in the short, medium, and long term, in order to achieve
			 energy independence for the United States without adversely affecting the
			 environment. The Secretary shall, not later than 1 year after the date of
			 enactment of this Act, transmit to the Congress a report on the results of that
			 study.


109 HR 1538 IH: To amend the Internal Revenue Code of 1986 to increase the exemption amounts for individuals under the alternative minimum tax.
U.S. House of Representatives
2005-04-08
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I
109th CONGRESS
1st Session
H. R. 1538
IN THE HOUSE OF REPRESENTATIVES

April 8, 2005
Mr. Israel (for himself and Mrs. Lowey) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL
To amend the Internal Revenue Code of 1986 to increase the exemption amounts for individuals under the alternative minimum tax.

1.Increase in exemption amounts for individuals under alternative minimum tax
(a)In generalParagraph (1) of section 55(d) of the Internal Revenue Code of 1986 is amended—
(1)in subparagraph (A) by striking $45,000 ($58,000 in the case of taxable years beginning in 2003, 2004, and 2005) and inserting $100,000, and
(2)in subparagraph (B) by striking $33,750 ($40,250 in the case of taxable years beginning in 2003, 2004, and 2005) and inserting 75 percent of the dollar amount applicable under subparagraph (A).
(b)Increase in threshold for phasing out exemption amountSubparagraphs (A), (B), and (C) of section 55(d)(3) of such Code are amended to read as follows:

(A)$250,000 in the case of a taxpayer described in paragraph (1)(A) or (2), and
(B)50 percent of the dollar amount applicable under subparagraph (A) in the case of a taxpayer described in subparagraph (B), (C), or (D) of paragraph (1).
(c)Increase in rate of phase-out of exemption amountParagraph (3) of section 55(d) of such Code is amended by striking 25 percent and inserting 50 percent.
(d)Inflation adjustment of exemption and threshold amountsSubsection (d) of section 55 of such Code is amended by adding at the end the following new paragraph:

(4)Inflation adjustment of exemption and threshold amounts for individualsIn the case of any taxable year beginning in a calendar year after 2006, each of the dollar amounts set forth in paragraphs (1)(A) and (3)(A) shall be increased by an amount equal to—
(A)such dollar amount, multiplied by
(B)the cost-of-living adjustment determined under section 1(f)(3) for such calendar year by substituting calendar year 2005 for calendar year 1992 in subparagraph (B) thereof.If any amount as adjusted under the preceding sentence is not a multiple of $1,000, such amount shall be rounded to the nearest multiple of $1,000..
(e)Effective dateThe amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.
(f)Coordination with sunset of benefitsTitle IX of the Economic Growth and Tax Relief Reconciliation Act of 2001 shall not apply to the amendments made by this section.