H.R. 3979 (99th): Miscellaneous Provisions Extension Act of 1985

Introduced:
Dec 18, 1985 (99th Congress, 1985–1986)
Status:
Died (Referred to Committee)
Sponsor
Daniel Rostenkowski
Representative for Illinois's 8th congressional district
Party
Democrat
Related Bills
H.R. 3128 (Related)
Consolidated Omnibus Budget Reconciliation Act of 1985

Signed by the President
Apr 07, 1986

 
Status

This bill was introduced on December 18, 1985, in a previous session of Congress, but was not enacted.

Progress
Introduced Dec 18, 1985
Referred to Committee Dec 18, 1985
 
Full Title

A bill to amend the Internal Revenue Code of 1954 to extend for a temporary period certain tax provisions which would otherwise expire at the end of 1985, and for other purposes.

Summary

No summaries available.

Cosponsors
none
Committees

House Energy and Commerce

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


12/18/1985--Introduced.
Miscellaneous Provisions Extension Act of 1985 -
Title I - Revenue Provisions
Amends the Internal Revenue Code to extend the income tax credit for increasing research activities from December 31, 1985, until July 31, 1986.
Reduces the amount of such credit from 25 percent to 20 percent of such expenditures.
Allows such credit for basic research payments to qualified organizations.
Revises certain definitions and special rules related to such credit.
Extends the targeted jobs income tax credit from December 31, 1985, until July 31, 1986.
Reduces the amount of such credit from the sum of 50 percent of first year wages and 25 percent of second year wages to 40 percent of first year wages.
Requires that an individual must be employed for at least 14 days in order to be taken into account for such credit.
Extends from December 31, 1985, until August 1, 1986, the income tax exclusions for educational assistance programs and group legal plans.
Extends from December 31, 1985, until July 31, 1986, provisions relating to the awarding of attorney's fees to a prevailing taxpayer in Federal tax cases.
Extends the increase in the excise tax on cigarettes until August 1, 1986.
Extends from December 31, 1985, until July 31, 1986, the moratorium of specified net operating loss carryover rules.
Revises special rules concerning the allocation of research and experimental expenditures to income from sources within the United States. Extends such rules from August 1, 1985, until August 1, 1986.
Extends until July 31, 1986, the special rules relating to the filing of tax returns and payment of taxes by spouses of individuals missing in action during the Vietnam conflict.
Provides a limited tax exclusion for the value of lodging furnished by certain educational institutions to employees.
Specifies that such exclusion shall be effective until August 1, 1986.
Extends from December 31, 1985, until August 1, 1986, the income tax deduction for expenditures to remove architectural and transportation barriers to the handicapped and elderly.
Extends until August 1, 1986, the residential energy tax credit for solar renewable energy source expenditures.
Extends the energy investment tax credit for solar and geothermal property until July 31, 1986.
Extends until July 31, 1986, the reduction in the excise tax for fuel used by taxicabs.
Title II - Other Provisions
Extends the trade adjustment assistance program until July 31, 1986.
Extends specified tariff suspensions until August 1, 1986.
Extends borrowing authority under the Railroad Unemployment Insurance Act until July 31, 1986.
Extends certain Medicare hospital payment rate provisions until July 31, 1986.
Extends certain Medicare physician payment rate provisions until January 31, 1986.
Extends certain Medicare provisions relating to prevailing charge levels for physician's services and customary charges for physician's services until December 31, 1986.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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