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Post by Samantha Rockwood on Apr 25, 2008 15:56:16 GMT -5
Here is the Economic Affairs and Transportation Committee Docket
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Post by Samantha Rockwood on Apr 25, 2008 16:07:20 GMT -5
EAT: Tax Free Tips Act of 2007
To amend the Internal Revenue Code of 1986 to provide that tips shall not be subject to income or employment taxes.
IN THE SENATE
Mr. ROTTNEK (for himself) offers;
A BILL
To amend the Internal Revenue Code of 1986 to provide that tips shall not be subject to income or employment taxes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
(a) Short Title- This Act may be cited as the `Tax Free Tips Act of 2007'.
(cool.gif Amendment of 1986 Code- Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of , a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986.
SEC. 2. TIPS NOT SUBJECT TO INCOME OR EMPLOYMENT TAXES.
(a) In General- Section 102 (relating to gifts and inheritances) is amended by adding at the end the following new subsection:
`(d) Tips- For purposes of subsection (a), tips shall be treated as property transferred by gift.'.
(cool.gif Exclusion From Social Security Taxes-
(1) SOCIAL SECURITY TAXES-
(A) Paragraph (12) of section 3121(a) is amended to read as follows:
`(12) tips;'.
(cool.gif Section 3121 is amended by striking subsection (q) (relating to tips included for both employee and employer taxes).
© Subsection (a) of section 3102 is amended by striking `; and an employer who is furnished by an employee a written statement of tips (received in a calendar month) pursuant to section 6053(a) to which paragraph (12)(cool.gif of section 3121(a) is applicable may deduct an amount equivalent to such tax with respect to such tips from any wages of the employee (exclusive of tips) under his control, even though at the time such statement is furnished the total amount of the tips included in statements furnished to the employer as having been received by the employee in such calendar month in the course of his employment by such employer is less than $20'.
(D) Section 3102 is amended by striking subsection © (relating to special rule for tips).
(E) Subsection (a) of section 3202 is amended by striking the second sentence.
(2) TIER 1 RAILROAD RETIREMENT-
(A) Section 3202 is amended by striking subsection ©.
(cool.gif Paragraph (3) of section 3231(e) is amended to read as follows:
`(3) Solely for purposes of the taxes imposed by section 3201 and other provisions of this chapter insofar as they relate to such taxes, the term `compensation' shall not include tips.'.
© Section 3231 is amended by striking subsection (h).
© Exclusion From Unemployment Compensation Taxes- Subsection (s) of section 3306 is amended to read as follows:
`(s) Tips Not Treated as Wages- For purposes of this chapter, the term `wages' shall not include tips.'.
(d) Exclusion From Wage Withholding-
(1) Paragraph (16) of section 3401(a) is amended to read as follows:
`(16) tips;'.
(2) Section 3401 is amended by striking subsection (f).
(3) Section 3402 is amended by striking subsection (k).
(e) Tips Defined- Subsection (a) of section 7701 (relating to definitions) is amended by adding at the end the following new paragraph:
`(50) TIPS- The term `tips' includes any gratuity provided to a salaried employee by a customer or client of the employer's business.'.
(f) Conforming Amendments-
(1) Clause (i) of section 32©(2)(A) (defining earned income) is amended by striking `tips,'.
(2)(A) Section 45B (relating to credit for portion of employer social security taxes paid with respect to employee cash tips) is hereby repealed.
(cool.gif The table of sections for subpart D of part IV of subchapter A of chapter 1 is amended by striking the item relating to section 45B.
© Subsection (cool.gif of section 38 is amended by striking paragraph (11) and by redesignating the succeeding paragraphs accordingly.
(D) Subsection © of section 196 is amended by striking paragraph (8) and by redesignating the succeeding paragraphs accordingly.
(E) Subsection (m) of section 6501 is amended by striking `45B,'.
(3) Section 220(cool.gif(4)(A) is amended by striking `tips,'.
(4) Section 451 is amended by striking subsection ©.
(5) Section 6001 is amended by striking the last sentence.
(6) Section 6041 is amended by striking subsection (e).
(7) Subsection © of section 6041A is amended by striking `, 6052, or 6053' and inserting `or 6052'.
(8) Subsection (a) of section 6051 is amended by striking `In the case of tips received by an employee in the course of his employment, the amounts required to be shown by paragraphs (3) and (5) shall include only such tips as are included in statements furnished to the employer pursuant to section 6053(a).'.
(9) Section 6053 (relating to tip reporting) is hereby repealed.
(10) The table of sections for subpart C of part III of subchapter A of chapter 61 is amended by striking the item relating to section 6053.
(11) Section 6652 is amended by striking subsection (cool.gif (relating to failure to report tips).
(12) Section 6674 (relating to fraudulent statement or failure to furnish statement to employee) is amended by striking `or 6053(cool.gif' each place it appears.
(13) Subparagraph (cool.gif of section 6724(d)(1) is amended by striking clause (xv) and redesignating the succeeding clauses accordingly.
(14) Paragraph (2) of section 6724(d) is amended by striking subparagraph (V) and redesignating the succeeding subparagraphs accordingly.
(g) Effective Date- The amendments made by this section shall apply to tips received in calendar months beginning after the date of the enactment of this Act.
PES: This ends federal taxes on tips.
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Post by Samantha Rockwood on Apr 25, 2008 16:13:49 GMT -5
EAT: Scouting for All Act of 2007
IN THE SENATE OF THE UNITED STATES
Mr. ROTTNEK (for himself) offers:
A BILL
To eliminate federal funding for a discriminatory organizations.
BE IT ENACTED by the House of Representatives and the Senate of the United States.
SECTION 1. SHORT TITLE.
This bill shall be cited and known as the 'Scouting For All Act of 2007'.
SECTION 2. PROVISIONS.
(1) So long as the Boy Scouts of America (hereinafter referred to as the 'Scouts') discriminate in any way against agnostics, homosexuals or atheists shall receive no funds from any federal agency or shall be given any funds or allowed to receive any funds in any way from Congress or any other possible federal organization.
(2) So long as the Scouts discriminate in any way against agnostics, homosexuals or atheists then the Scouts shall receive no ability to rent any military base or to hold their National Jamboree, regardless of the name they give to it, on a military base. Any federal land they do rent shall be rented for the same price that any other private organization would rent.
SECTION 3. ENACTMENT.
This bill shall be immediately enacted upon constitutional passage.
SECTION 4. PES.
This bill ends the ability of the BSA to receive any funds from the United States so long as they are discriminatory against agnostics, atheists or homosexuals.
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Post by Samantha Rockwood on Apr 25, 2008 16:19:11 GMT -5
EAT: Social Security Beneficiary Tax Reduction Act
To amend the Internal Revenue Code of 1986 to repeal the 1993 increase in taxes on Social Security benefits.
IN THE SENATE
Mr. ROTTNEK (for himself)
A BILL
To amend the Internal Revenue Code of 1986 to repeal the 1993 increase in taxes on Social Security benefits.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Social Security Beneficiary Tax Reduction Act'.
SEC. 2. REPEAL OF INCREASE IN TAX ON SOCIAL SECURITY BENEFITS.
(a) IN GENERAL- Paragraph (2) of section 86(a) of the Internal Revenue Code of 1986 (relating to social security and tier 1 railroad retirement benefits) is amended by adding at the end the following new sentence:
`This paragraph shall not apply to any taxable year beginning after December 31, 2008.'
(cool.gif CONFORMING AMENDMENTS-
(1) Paragraph (3) of section 871(a) of such Code is amended by striking `85 percent' in subparagraph (A) and inserting `50 percent'.
(2)(A) Subparagraph (A) of section 121(e)(1) of the Social Security Amendments of 1983 (Public Law 98-21) is amended--
(i) by striking `(A) There' and inserting `There';
(ii) by striking `(i)' immediately following `amounts equivalent to'; and
(iii) by striking `, less (ii)' and all that follows and inserting a period.
(cool.gif Paragraph (1) of section 121(e) of such Act is amended by striking subparagraph (cool.gif.
© Paragraph (3) of section 121(e) of such Act is amended by striking subparagraph (cool.gif and by redesignating subparagraph © as subparagraph (cool.gif.
(D) Paragraph (2) of section 121(e) of such Act is amended in the first sentence by striking `paragraph (1)(A)' and inserting `paragraph (1)'.
© EFFECTIVE DATE- The amendments made by this section shall apply to taxable years beginning after December 31, 2008.
SUMMARY:
This bill would amend the Internal Revenue Code of 1986 to repeal the 1993 increase in taxes on Social Security benefits.
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Post by Samantha Rockwood on Apr 25, 2008 16:20:33 GMT -5
EAT: Make College Affordable Act
To amend the Internal Revenue Code of 1986 to make higher education more affordable by providing a full tax deduction for higher education expenses and interest on student loans.
IN THE SENATE
Mr. ROTTNEK (for himself) offers;
A BILL
To amend the Internal Revenue Code of 1986 to make higher education more affordable by providing a full tax deduction for higher education expenses and interest on student loans.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Make College Affordable Act'.
SEC. 2. DEDUCTION FOR HIGHER EDUCATION EXPENSES.
(a) Deduction Allowed- Section 221 of the Internal Revenue Code of 1986 is amended to read as follows:
`SEC. 221. HIGHER EDUCATION EXPENSES.
`(a) Allowance of Deduction- In the case of an individual, there shall be allowed as a deduction an amount equal to the sum of--
`(1) the qualified higher education expenses, plus
`(2) interest on qualified education loans,
paid by the taxpayer during the taxable year.
`(cool.gif Qualified Higher Education Expenses- For purposes of this section--
`(1) QUALIFIED HIGHER EDUCATION EXPENSES-
`(A) IN GENERAL- The term `qualified higher education expenses' means--
`(i) tuition and fees charged by an educational institution and required for the enrollment or attendance of--
`(I) the taxpayer,
`(II) the taxpayer's spouse,
`(III) any dependent of the taxpayer with respect to whom the taxpayer is allowed a deduction under section 151, or
`(IV) any grandchild of the taxpayer,
as an eligible student at an institution of higher education, and
`(ii) reasonable living expenses for such an individual while away from home and attending such institution.
`(cool.gif ELIGIBLE COURSES- Amounts paid for qualified higher education expenses of any individual shall be taken into account under subsection (a) only to the extent such expenses--
`(i) are attributable to courses of instruction for which credit is allowed toward a baccalaureate degree by an institution of higher education or toward a certificate of required course work at a vocational school, and
`(ii) are not attributable to any graduate program of such individual.
`© ELIGIBLE STUDENT- For purposes of subparagraph (A), the term `eligible student' means a student who--
`(i) meets the requirements of section 484(a)(1) of the Higher Education Act of 1965 (20 U.S.C. 1091(a)(1)), as in effect on the date of the enactment of this section, and
`(ii) is carrying at least one-half the normal full-time work load for the course of study the student is pursuing, as determined by the institution of higher education.
`(2) INSTITUTION OF HIGHER EDUCATION- The term `institution of higher education' is as defined in section 101 of the Higher Education Act of 1965 (20 U.S.C. 1001).
`© Qualified Education Loan- For purposes of this section--
`(1) IN GENERAL- The term `qualified education loan' means a loan which is--
`(A) made, insured, or guaranteed by the Federal Government,
`(cool.gif made by a State or a political subdivision of a State,
`© made from the proceeds of a qualified student loan bond under section 144(cool.gif, or
`(D) made by an institution of higher education.
`(2) LIMITATION- The amount of interest on a qualified education loan which is taken into account under subsection (a)(2) shall not exceed the amount which bears the same ratio to such amount of interest as--
`(A) the proceeds from such loan used for qualified higher education expenses, bears to
`(cool.gif the total proceeds from such loan.
For purposes of the preceding sentence, the term `qualified higher education expenses' shall be determined without regard to subsection ©(1)(A)(i)(IV).
`(d) Special Rules-
`(1) NO DOUBLE BENEFIT-
`(A) IN GENERAL- No deduction shall be allowed under subsection (a) for any expense for which a deduction is allowable to the taxpayer under any other provision of this chapter unless the taxpayer irrevocably waives his right to the deduction of such expense under such other provision.
`(cool.gif DENIAL OF DEDUCTION IF CREDIT ELECTED- No deduction shall be allowed under subsection (a) for a taxable year with respect to the qualified higher education expenses of an individual if the taxpayer elects to have section 25A apply with respect to such individual for such year.
`© DEPENDENTS- No deduction shall be allowed under subsection (a) to any individual with respect to whom a deduction under section 151 is allowable to another taxpayer for a taxable year beginning in the calendar year in which such individual's taxable year begins.
`(D) COORDINATION WITH EXCLUSIONS- A deduction shall be allowed under subsection (a) for qualified higher education expenses only to the extent the amount of such expenses exceeds the amount excludable under section 135 or 530(d)(2) for the taxable year.
`(2) LIMITATION ON TAXABLE YEAR OF DEDUCTION-
`(A) IN GENERAL- A deduction shall be allowed under subsection (a) for qualified higher education expenses for any taxable year only to the extent such expenses are in connection with enrollment at an institution of higher education during the taxable year.
`(cool.gif CERTAIN PREPAYMENTS ALLOWED- Subparagraph (A) shall not apply to qualified higher education expenses paid during a taxable year if such expenses are in connection with an academic term beginning during such taxable year or during the first 3 months of the next taxable year.
`(3) ADJUSTMENT FOR CERTAIN SCHOLARSHIPS AND VETERANS BENEFITS- The amount of qualified higher education expenses otherwise taken into account under subsection (a) or (d)(2) with respect to the education of an individual shall be reduced (before the application of subsection (cool.gif) by the sum of the amounts received with respect to such individual for the taxable year as--
`(A) a qualified scholarship which under section 117 is not includable in gross income,
`(cool.gif an educational assistance allowance under chapter 30, 31, 32, 34, or 35 of title 38, United States Code, or
`© a payment (other than a gift, bequest, devise, or inheritance within the meaning of section 102(a)) for educational expenses, or attributable to enrollment at an eligible educational institution, which is exempt from income taxation by any law of the United States.
`(4) NO DEDUCTION FOR MARRIED INDIVIDUALS FILING SEPARATE RETURNS- If the taxpayer is a married individual (within the meaning of section 7703), this section shall apply only if the taxpayer and the taxpayer's spouse file a joint return for the taxable year.
`(5) NONRESIDENT ALIENS- If the taxpayer is a nonresident alien individual for any portion of the taxable year, this section shall apply only if such individual is treated as a resident alien of the United States for purposes of this chapter by reason of an election under subsection (g) or (h) of section 6013.
`(6) REGULATIONS- The Secretary may prescribe such regulations as may be necessary or appropriate to carry out this section, including regulations requiring recordkeeping and information reporting.'.
(cool.gif Deduction Allowed in Computing Adjusted Gross Income- Paragraph (17) of section 62(a) of such Code is amended to read as follows:
`(17) HIGHER EDUCATION EXPENSES- The deduction allowed by section 221.'.
© Conforming Amendments-
(1) Part VII of subchapter B of chapter 1 of such Code is amended--
(A) by striking section 222, and
(cool.gif in the table of sections for such part by striking the item relating to section 222.
(2) The following sections of such Code are each amended by striking `222,': sections 86(cool.gif(2)(A), 135©(4)(A), 137(cool.gif(3)(A), 199(d)(2)(A), and 219(g)(3)(A)(ii).
(3) Section 469(F)(i)(3)(iii) of such Code is amended by striking `221, and 222' and inserting `and 221'.
(4) Section 6050S(e) of such Code is amended by striking `section 221(d)(1)' and inserting `section 221©(1)'.
(5) The table of sections for part VII of subchapter B of chapter 1 of such Code is amended by striking the item relating to section 221 and inserting the following new item:
`Sec. 221. Higher education expenses.'.
(d) Effective Date- The amendments made by this section shall apply to payments made after December 31, 2008.
PES: Amends the Internal Revenue Code to allow taxpayers, their spouses, dependents, and grandchildren a tax deduction from gross income for certain higher education expenses and for interest on certain student loans. Includes as higher education expenses undergraduate tuition and fees and reasonable living expenses while attending an institution of higher education.
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Post by Samantha Rockwood on Apr 25, 2008 16:22:45 GMT -5
EAT: Permanent Internet Tax Freedom Act
BILL
To make the moratorium on Internet access taxes and multiple and discriminatory taxes on electronic commerce permanent.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Permanent Internet Tax Freedom Act'.
SEC. 2. PERMANENT MORATORIUM ON INTERNET ACCESS TAXES AND MULTIPLE AND DISCRIMINATORY TAXES ON ELECTRONIC COMMERCE.
Section 1101(a) of the Internet Tax Freedom Act (47 U.S.C. 151 note) is amended by striking `taxes during the period beginning November 1, 2003, and ending November 1, 2008:' and inserting `taxes:'.
PES: Repeals taxation on the internet
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