Congressional Research Service Reports - 12 Matching Results

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Section 179 and Bonus Depreciation Expensing Allowances: Current Law, Legislative Proposals in the 112th Congress, and Economic Effects

Description: This report examines the current status, legislative history, and economic effects of the two expensing allowances (Section 179 and Bonus Depreciation Allowance) and also discusses initiatives in the 112th Congress to modify them. Expensing is the most accelerated form of depreciation for tax purposes. Section 179 of the Internal Revenue Code (IRC) allows a taxpayer to expense up to $125,000 of the total cost of new and used qualified depreciable assets it buys and places in service in 2012, within certain limits. In addition, Section 168(k) generally allows taxpayers to expense half the cost of qualified assets bought and placed in service in 2012.
Date: September 10, 2012
Creator: Guenther, Gary
Partner: UNT Libraries Government Documents Department

Ukraine: Current Issues and U.S. Policy

Description: This report offers background information on Ukraine's current political and economic situation, foreign policy towards NATO, European Union and Russia. It also discusses U.S. policy, U.S. aid to Ukraine, congressional response and other legislation.
Date: September 10, 2012
Creator: Woehrel, Steven
Partner: UNT Libraries Government Documents Department

Intelligence, Surveillance, and Reconnaissance (ISR) Acquisition: Issues for Congress

Description: This report discusses Congressional issues regarding Intelligence, Surveillance, and Reconnaissance (ISR) systems, which are integral components of both national policymaking and military operations, including counterterrorism operations. ISR systems are costly and complicated, and the relationships among organizations responsible for designing and operating these systems are equally complicated.
Date: September 10, 2012
Creator: Grimmett, Richard F. & Lange, Rebecca S.
Partner: UNT Libraries Government Documents Department

Authority of State and Local Police to Enforce Federal Immigration Law

Description: This report discusses the authority of state and local law enforcement to assist in the enforcement of federal immigration law through the investigation and arrest of persons believed to have violated such laws. It describes current provisions in federal law that permit state and local police to enforce immigration law directly; analyzes major cases concerning the ability of states and localities to assist in immigration enforcement, including the Supreme Court's ruling in Arizona v. United States; and briefly examines opinions on the issue by the Office of Legal Counsel (OLC) within the Department of Justice. This report does not discuss legal issues raised by state and local measures intended to supplement federal immigration laws through the imposition of additional criminal or civil penalties.
Date: September 10, 2012
Creator: Garcia, Michael John & Manuel, Kate M.
Partner: UNT Libraries Government Documents Department

Supervision of U.S. Payment, Clearing, and Settlement Systems: Designation of Financial Market Utilities (FMUs)

Description: This report outlines the changes to the supervision of key market infrastructure that are embodied in the Dodd-Frank Act. It is intended to be used as a reference for those interested in the financial system's "plumbing," and how the associated systems are currently overseen and regulated.
Date: September 10, 2012
Creator: Labonte, Marc
Partner: UNT Libraries Government Documents Department

Global Access to Clean Drinking Water and Sanitation: U.S. and International Programs

Description: Report that focuses on bilateral water supply, sanitation, and hygiene (WASH) schemes authorized by the Water for the Poor Act. This report identifies some issues that donors and U.S. agencies face while carrying out global drinking water and sanitation projects.
Date: September 10, 2012
Creator: Salaam-Blyther, Tiaji
Partner: UNT Libraries Government Documents Department

Pilotless Drones: Background and Considerations for Congress Regarding Unmanned Aircraft Operations in the National Airspace System

Description: Report that covers the history and current status of unmanned aerial vehicles (UAVs). Particular attention is paid to recent privacy implications and potential intrusiveness of drone operations that have emerged as a significant issue before Congress. It also looks at the current Federal Aviation Administration (FAA) timeline to establish six test ranges throughout the United States to study unmanned aircraft integration technical issues.
Date: September 10, 2012
Creator: Elias, Bart
Partner: UNT Libraries Government Documents Department