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Friday, October 23, 2020 | History

3 edition of Comparison of revenue provisions of H.R. 2, Highway Revenue Act of 1987 found in the catalog.

Comparison of revenue provisions of H.R. 2, Highway Revenue Act of 1987

as passed by the House and the Senate

  • 262 Want to read
  • 18 Currently reading

Published by Joint Committee on Taxation in [Washington, D.C .
Written in English

    Subjects:
  • Roads -- United States -- Finance.,
  • Federal aid to transportation -- United States.,
  • H.R. 2 100th Congress.

  • Edition Notes

    Other titlesHighway Revenue Act of 1987
    Statementprepared for the conferees by the staff of the Joint Committee on Taxation.
    ContributionsUnited States. Congress. Joint Committee on Taxation.
    Classifications
    LC ClassificationsKF4939.5.T39 A2 1987, vol. 1, tab 4
    The Physical Object
    Paginationii, 6 p. ;
    ID Numbers
    Open LibraryOL23757475M
    OCLC/WorldCa429336809

    Accordingly, our chart refers to the bill as H.R. 1. In addition, we refer to H.R. 1 as the “Act” throughout this chart even though, as of Decem , the President has not yet signed it. 2All revenue numbers are based on the estimates released by the Joint Committee on Taxation. Taxpayers using one of the deferral provisions for tax purposes will need to consider the impact that an acceleration of book revenue may have on their cash taxes. Additionally, the IRS considers a change in the underlying book method to be a method change for which consent is required; however, for those taxpayers using Rev. Proc.

    Other articles where Highway Revenue Act is discussed: roads and highways: The United States and Canada: Aid Highway Act and the Highway Revenue Act of provided funding for an accelerated program of construction. A federal gasoline tax was established, the funds from which, with other highway-user payments, were placed in a Highway Trust Fund. (2) to delete phrase “so far as it can be done” re collection of tax by retailer from consumer and to add exception to provision for recovery at law; act changed appropriation amount in Subsec. (1) to 10% of gross revenue; act changed appropriation amount in Subsec.

      12/6/Introduced. Highway Revenue Act of - Amends the Internal Revenue Code to increase the excise tax on gasoline, diesel fuel, and special motor fuels from four cents per gallon to nine cents per gallon. Exempts methanol and ethanol fuels from such tax. Exempts fuels consumed in off-highway business use. (2) to the Internal Revenue Code of shall include a reference to the provisions of law formerly known as the Internal Revenue Code of Thus, the Code was renamed the Internal Revenue Code of by section 2 of the Tax Reform Act of The Act contained substantial amendments, but no formal re-codification.


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Comparison of revenue provisions of H.R. 2, Highway Revenue Act of 1987 Download PDF EPUB FB2

In theory, any law -- or individual provisions within any law -- passed by Congress should be classifiable into one or more slots in the framework of the Code. On the other hand, legislation often contains bundles of topically unrelated provisions that collectively respond to a particular public need or problem.

Comparison of Revenue Provisions of H.R. 2 (Highway Revenue Act of ) as Passed by the House and the Senate Microfiche version: Comparison of Revenue Provisions of H.R.

2 (Highway Revenue Act of ) as Passed by the House and the Senate. [Bethesda, Md.]:ProQuest, CIS 87 J (ProQuest)cis Material Type. A farm bill, for instance, might contain provisions that affect the tax status of farmers, their management of land or treatment of the environment, a system of price limits or supports, and so on.

Each of these individual provisions would, logically, belong in a different place in the Code. Explanation of revenue title ("Highway Revenue Act of ") to H.R.

2 (extension of highway trust fund taxes): as approved by the Committee on Ways and Means Author: United States. Summary description Comparison of revenue provisions of H.R. 2 highway-related revenue provisions of the Highway Revenue Act of (title V of the Surface Transportation Assistance Act of ; H.R.

): as passed by the House and the Senate by United States. Congress. Joint Committee on TaxationPages: HR EAS/PP 1 TITLE IX—REVENUE 2 PROVISIONS 3 Subtitle A—Revenue Offset 4 Provisions 5 SEC.

EXCISE TAX ON HIGH COST EMPLOYER-SPON-6 SORED HEALTH COVERAGE. 7 (a) IN GENERAL.—Chapter 43 of the Internal Revenue 8 Code ofas amended by sectionis amended by 9 adding at the end the following: 10 ‘‘SEC.

EXCISE TAX ON. (i) I N GENERAL.—Notwithstanding any other provision of this division, section of the FAST Act (Public Law –94), or the Department of Transportation Appropriations Act, (Public Law –94), for fiscal yearthe obligations for Federal-aid highway and highway safety construction programs shall not exceed $46, An Act to make better provision for recovering certain public demands WHEREAS it is expedient to make better provision for recovering certain public demands; It is hereby enacted as follows: 1.

Title and extent.- (1) This Act may be called the Revenue Recovery Act, 2[(2) It extends to the whole of Pakistan] 2. Definitions.- In this Act. That is down significantly from $ billion— percent of income tax revenue—inprimarily because of the Tax Cuts and Jobs Act (TCJA).

Since most the TCJA individual income tax provisions expire at the end ofAMT revenue will soar to $ billion byor percent of all individual income tax revenue.

In addition, we expect some guidance/transition rules on updating the list of automatic method changes (Revenue Procedure ) to cover taxpayers that are currently required to keep inventory/subject to section A but under the new provisions would be exempt. Estimated Revenue Effects Of The Revenue Provisions Contained In The Heroes Act, As Passed By The House Of Representatives On October 1, View Details View All.

OBSERVATIONS ON THE REVENUE ACT OF ARTHUR H. GOODMANt. of the Internal Revenue Code as amended by H.R.82d Cong, 1st Sess. (19S1). REv. CoDE §§ 12(c) and In the same provision was eliminated from the Act by the House and never reinserted.

See Poe v. Seaborn, See 49 U.S.C. §§ (b) and for current provision. Airport and Airway Safety and Capacity Expansion Act of ( Airport Act). In the Airport Act, (P.L. ), Congress extended the restriction on the use of airport revenue to include any local taxes on aviation fuel.

Consequently, the taxing authorities must. and To identify current and noncurrent regulations, especially in light of major revisions made by the Tax Reform Act ofit is helpful to be aware of this procedure. (2) Revenue Rulings Revenue rulings (or "Rev.

Ruls.") are published weekly in the I.R.B. for the information and guidance of taxpayers and Service personnel. provisions, and P.L. included foreign tax credit provisions directed at perceived abuses but the revenue cost estimates vary substantially.

Evidence also indicates a significant increase in corporate profit shifting over the Incorporation Transparency and Law Enforcement Assistance Act, S.

H.R. Subject to the provisions of the Revenue Recovery Act,the said sum is recoverable by you as if it were an arrear of land revenue which had accrued in your own district and your are hereby desired so to recover it and to remit it to my office at.

B., Collector of. BOOK I GENERAL PROVISIONS TITLE ONE. - BASIC PRINCIPLES CHAPTER 1. - THE CODE, POLICY AND APPLICATION. SECTION 1. Title. - This Act shall be known and cited as the "Local Government Code of ".

SECTION 2. Declaration of Policy. - (a) It is hereby declared the policy of the State that the territorial and political subdivisions of the State. affected by the Tax Reform Act of Revenue estimates indicate that commercial banks will pay an additional $4 billion in taxes over the next five years.

Like most estimates quoted during tax reform, this figure only includes the effects of bank-specific provisions. Highway Revenue Act of - Amends the Internal Revenue Code to increase the excise tax on gasoline, diesel fuel, and special motor fuels from four cents per gallon to nine cents per gallon.

Exempts methanol and ethanol fuels from such tax. Exempts fuels consumed in off-highway business use. Imposes a five cent per gallon tax on gasohol. Delays the effective date of all revenue-reducing provisions in H.R. 1 until the Secretary of Health and Human Services submits to Congress a report certifying that the number of U.S.

adults without health insurance has not exceeded five percent for three consecutive quarters; and the deficit is zero. Submitted: Version 1: Jackson Lee (TX. The Tax Cuts and Jobs Act (TCJA) reduced tax rates on both business and individual income, and enhanced incentives for investment by firms.

Those features most likely have raised output in the short run and will continue to do so in the long run, but most analysts estimate the modest effects that offset only a portion of revenue loss from the bill (table 1).PUBLIC LAW —DEC. 29, 95 STAT. Public Law 97th Congress An Act To amend the Omnibus Reconciliation Act of to restore minimum benefits Dec.

29, under the Social Security Act. [H.R. ] Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, Social.H.R. 1, the Tax Cuts and Jobs Act, would amend numerous provisions of U.S.

tax law. The bill would modify the individual income tax brackets and tax rates in effect under current law. The bill also would increase the standard deduction and the child tax credit.