Search Results

open access

The Work Opportunity Tax Credit: A Fact Sheet

Description: The 104th Congress replaced the Targeted Jobs Tax Credit (TJTC, 1978-1994) with the Work Opportunity Tax Credit (WOTC) in section 1201 of the Small Business Job Protection Act of 1996 (P.L. 104-188). This document provides basic facts about the WOTC.
Date: April 2, 1998
Creator: Levine, Linda
Partner: UNT Libraries Government Documents Department
open access

Federal Tax Benefits for Families' K-12 Education Expenses in the Context of School Choice

Description: This report provides information about the Federal Tax Benefits for Families' K-12 Education Expenses in the Context of School Choice. Some believe that comprehensive school reform is needed to improve the quality of secondary and elementary education.
Date: April 21, 2003
Creator: Levine, Linda & Smole, David P.
Partner: UNT Libraries Government Documents Department
open access

Energy Tax Policy

Description: Omnibus energy legislation (H.R. 4) that is now in conference would expand energy tax incentives significantly. The House passed the bill on August 2, 2001, and the Senate approved its version April 25, 2002. Several energy tax issues are addressed in these bills: 1) tax incentives to increase the supply of oil and gas, and the demand for coal; 2) energy tax issues relating to energy conservation and energy efficiency; 3) energy tax issues relating to alternative fuels; 4) selected issues relat… more
Date: April 8, 2003
Creator: Lazzari, Salvatore
Partner: UNT Libraries Government Documents Department
open access

Energy Tax Policy

Description: Omnibus energy legislation (H.R. 4) that is now in conference would expand energy tax incentives significantly. The House passed the bill on August 2, 2001, and the Senate approved its version April 25, 2002. Several energy tax issues are addressed in these bills: 1) tax incentives to increase the supply of oil and gas, and the demand for coal; 2) energy tax issues relating to energy conservation and energy efficiency; 3) energy tax issues relating to alternative fuels; 4) selected issues relat… more
Date: April 5, 2002
Creator: Lazzari, Salvatore
Partner: UNT Libraries Government Documents Department
open access

Tax Benefits for Health Insurance: Current Legislation

Description: A number of new or expanded tax benefits for health insurance are being discussed in the first months of the 107th Congress. Several were included in the President's FY2002 budget, including a new refundable tax credit. Proponents generally argue that changes are needed to extend coverage to the uninsured and to address efficiency and equity problems; opponents generally doubt that the changes under consideration would make much difference. One issue is whether new or expanded benefits would li… more
Date: April 19, 2001
Creator: Lyke, Bob
Partner: UNT Libraries Government Documents Department
open access

Social Security Taxes: Where Do Surplus Taxes Go and How Are They Used?

Description: The costs of the Social Security program, both its benefits and administrative expenses, are financed by a tax on wages and self-employment income. Commonly referred to as FICA and SECA taxes (because they are levied under the Federal Insurance and Self-Employment Contributions Acts), these taxes flow each day into thousands of depository accounts maintained by the government with financial institutions across the country. Along with many other forms of revenues, these Social Security taxes bec… more
Date: April 29, 1998
Creator: Koitz, David Stuart
Partner: UNT Libraries Government Documents Department
open access

The Flat Tax and Other Proposals: Effects on Housing

Description: Several proposals for major reform of the Federal income tax system, including replacement of the current tax with a new type of tax, have been introduced or considered in the 104th Congress. Among the most widely discussed are the flat tax, a value-added tax, a national sales tax, a proposal for a direct consumption tax (called the USA tax), and income tax reform. Most of these new taxes convert the tax base from an income to a consumption base, most eliminate deductions for mortgage interest … more
Date: April 29, 1996
Creator: Gravelle, Jane G.
Partner: UNT Libraries Government Documents Department
open access

A History of Federal Estate, Gift, and Generation-Skipping Taxes

Description: In this report, the history of the federal transfer taxes, has been divided into four parts: (1) the federal death and gift taxes utilized in the period 1789 to 1915; (2) the development of the modern estate and gift taxes from 1916 through 1975; (3) the creation and refinement of a unified estate and gift tax system, supplemented by a generation-skipping transfer tax; and (4) the phase out and repeal of the estate and generation-skipping taxes, with the gift tax being retained as a device to p… more
Date: April 9, 2003
Creator: Luckey, John R.
Partner: UNT Libraries Government Documents Department
open access

The Alternative Minimum Tax for Individuals

Description: This report provides a brief overview of the alternative minimum tax (AMT) for individuals, discusses the issues associated with the current system, and describes current legislation to amend the AMT. The report will be updated as legislative action warrants.
Date: April 19, 2002
Creator: Esenwein, Gregg A.
Partner: UNT Libraries Government Documents Department
open access

2001 Tax Cut: Description, Analysis, and Background

Description: A major tax cut, H.R. 1836, was enacted in June 2001, but contained sunsetted provisions. The House will consider, the week of April 15, making those tax provisions permanent. This report summarizes the provisions of the bill, analyzes effects, and considers the development of the legislation.
Date: April 12, 2002
Creator: Brumbaugh, David L.; Gravelle, Jane G.; Maguire, Steven; Talley, Louis Alan & Lyke, Bob
Partner: UNT Libraries Government Documents Department
open access

Estate Tax Legislation in the 108th Congress

Description: Under provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA, P.L. 107-16, enacted June 7, 2001), the estate tax is scheduled to be repealed in 2010 but reinstated in 2011. All tax cut provisions of EGTRRA are scheduled to sunset on December 31, 2010. This report tracks actions in the 108th Congress to permanently repeal the estate tax or to retain but alter the tax.
Date: April 23, 2003
Creator: Noto, Nonna A.
Partner: UNT Libraries Government Documents Department
open access

Major Tax Issues in the 109th Congress

Description: Congress considered a variety of tax issues over the course of 2004. Some of these were relatively narrow, applying to particular sectors or activities: energy taxation, charitable giving and charities, Internet taxation, tax shelters, and a variety of expiring tax benefits that apply to particular investments or activities. More prominent, however, were two more general issues that were the focus of tax policy deliberations for much of the year: domestic and international business taxation; an… more
Date: April 14, 2005
Creator: Brumbaugh, David L.
Partner: UNT Libraries Government Documents Department
open access

Excise Taxes on Alcohol, Tobacco, and Gasoline: History and Inflation-Adjusted Rates

Description: This report provides inflation-adjusted excise tax rates for alcohol, tobacco, and gasoline products. The base for computation is November 1951. All of the above cited commodities had rate increases effective for that date under the Revenue Act of 1951. The adjustments show what the tax rates would be in 1999 if they had been increased to reflect inflation
Date: April 22, 1999
Creator: Talley, Louis Alan & Cashell, Brian W.
Partner: UNT Libraries Government Documents Department
Back to Top of Screen