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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (5)

Short Titles

Short Titles - House of Representatives

Short Titles as Passed House

Unemployment Insurance Reform Act of 1991

Short Titles as Reported to House

Unemployment Insurance Reform Act of 1991

Short Titles as Introduced

Unemployment Insurance Reform Act of 1991

Short Titles - Senate

Short Titles as Reported to Senate

Tax Extension Act of 1992

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To provide a program of Federal supplemental compensation, and for other purposes.


Actions Overview (4)

Date
06/19/1992Committee on Finance. Reported to Senate by Senator Bentsen with an amendment in the nature of a substitute and an amendment to the title. With written report No. 102-300.
09/17/1991Passed/agreed to in House: On passage Passed by recorded vote: 283 - 125 (Roll no. 267).
08/02/1991Reported (Amended) by the Committee on Ways and Means. H. Rept. 102-185.
07/25/1991Introduced in House

All Actions (41)

Date Chamber
06/19/1992SenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 494.
06/19/1992SenateCommittee on Finance. Reported to Senate by Senator Bentsen with an amendment in the nature of a substitute and an amendment to the title. With written report No. 102-300.
Action By: Committee on Finance
06/16/1992SenateCommittee on Finance. Ordered to be reported with an amendment in the nature of a substitute favorably.
Action By: Committee on Finance
09/18/1991SenateRead twice and referred to the Committee on Finance.
09/17/1991SenateReceived in the Senate.
09/17/1991-11:58amHouseMotion to reconsider laid on the table Agreed to without objection.
09/17/1991-11:58amHouseOn passage Passed by recorded vote: 283 - 125 (Roll no. 267).
09/17/1991-11:48amHouseOn motion to recommit with instructions Failed by recorded vote: 129 - 279 (Roll No. 266).
09/17/1991-11:27amHouseThe previous question on the motion to recommit with instructions was ordered without objection.
09/17/1991-11:22amHouseThe House proceeded with ten minutes of debate on the Archer motion to recommit with instructions. The instructions contained in the motion require the Ways and Means Committee to report the bill back to the House forthwith with an amendment consisting of a complete new text.
09/17/1991-11:22amHouseMr. Archer moved to recommit with instructions to Ways and Means.
09/17/1991-11:20amHouseMr. Rostenkowski raised a point of order against the motion to recommit with instructions. The provisions of the Gingrich motion are non-germane because they exceed the scope of the bill. Sustained by the Chair.
09/17/1991-11:18amHouseDEBATE - The House proceeded with ten minutes of debate on the Gingrich motion to recommit with instructions. The instructions require the Committee on Ways and Means to report the bill back to the House with an amendment consisting of the text of H.R. 3130, a bill to provide incentives for work, savings, and investments in order to stimulate economic growth, job creation, and opportunity.
09/17/1991-11:18amHouseMr. Gingrich moved to recommit with instructions to Ways and Means.
09/17/1991-11:17amHouseThe House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
09/17/1991-11:16amHouseH.Amdt.296 On agreeing to the Rostenkowski amendments (A001) Failed by recorded vote: 84 - 324 (Roll no. 265).
09/17/1991-10:51amHouseH.Amdt.296 Mr. Gingrich demanded a separate vote on the Rostenkowski amendment (A001).
09/17/1991-10:50amHouseThe previous question was ordered pursuant to the rule.
09/17/1991-10:49amHouseThe House rose from the Committee of the Whole House on the state of the Union to report H.R. 3040.
09/17/1991-10:48amHouseH.Amdt.297 On agreeing to the Rostenkowski amendment (A002) Failed by recorded vote: 65 - 341 (Roll no. 264).
09/17/1991-9:35amHouseDEBATE - Pursuant to the provisions of H. Res. 221, the Committee of the Whole proceeded with thirty minutes of debate on the Rostenkowski amendment.
09/17/1991-9:35amHouseH.Amdt.297 Amendment (A002) offered by Mr. Rostenkowski.
09/17/1991-9:33amHouseH.Amdt.296 On agreeing to the Rostenkowski amendments (A001) Agreed to by voice vote.
09/17/1991-9:32amHouseDEBATE - Pursuant to the provisions of H. Res. 221, the Committee of the Whole proceeded with ten minutes of debate on the Rostenkowski amendments offered en bloc.
09/17/1991-9:32amHouseH.Amdt.296 Amendments (A001) offered by Mr. Rostenkowski.
09/17/1991-9:30amHouseThe House resolved into Committee of the Whole House on the state of the Union for further consideration.
09/17/1991-9:30amHouseConsidered as unfinished business.
09/16/1991-4:29pmHouseCommittee of the Whole House on the state of the Union rises leaving H.R. 3040 as unfinished business.
09/16/1991-3:22pmHouseGENERAL DEBATE - Pursuant to the provisions of H. Res. 221, the Committee of the Whole proceeded with one hour of general debate.
09/16/1991-3:22pmHouseThe Speaker designated the Honorable John Lewis to act as Chairman of the Committee.
09/16/1991-3:22pmHouseHouse resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 221 and Rule XXIII.
09/16/1991-3:20pmHouseRule provides for consideration of H.R. 3040 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Measure will be read by section. Specified amendments are in order. It shall be in order to consider the amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill as an original bill for the purpose of amendment and all points of order against said substitute shall be waived. No amendment to the substitute shall be in order except those printed in the report accompanying this resolution. Said amendments shall be considered in the order, manner, and debatable as specified in the report and not subject to amendment. All points of order against the amendments printed in the report shall be waived.
09/16/1991-3:20pmHouseConsidered under the provisions of rule H. Res. 221.
09/16/1991-3:20pmHouseRule H. Res. 221 passed House.
09/12/1991-5:14pmHouseRules Committee Resolution H. Res. 221 Reported to House. Rule provides for consideration of H.R. 3040 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Measure will be read by section. Specified amendments are in order. It shall be in order to consider the amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill as an original bill for the purpose of amendment and all points of order against said substitute shall be waived. No amendment to the substitute shall be in order except those printed in the report accompanying this resolution. Said amendments shall be considered in the order, manner, and debatable as specified in the report and not subject to amendment. All points of order against the amendments printed in the report shall be waived.
08/02/1991HousePlaced on the Union Calendar, Calendar No. 114.
08/02/1991HouseReported (Amended) by the Committee on Ways and Means. H. Rept. 102-185.
Action By: Committee on Ways and Means
07/30/1991HouseOrdered to be Reported (Amended).
Action By: Committee on Ways and Means
07/30/1991HouseCommittee Consideration and Mark-up Session Held.
Action By: Committee on Ways and Means
07/25/1991HouseReferred to the House Committee on Ways and Means.
07/25/1991HouseIntroduced in House

Committees (2)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means07/25/1991 Referred to
07/30/1991 Markup by
08/02/1991 Reported by H.Rept 102-185
Senate Finance09/18/1991 Referred to
06/16/1992 Markup by
06/19/1992 Reported by S.Rept 102-300

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.


Subjects (100)


Latest Summary (4)

There are 4 summaries for H.R.3040. View summaries

Shown Here:
Reported to Senate with amendment(s) (06/19/1992)

Tax Extension Act of 1992 - Title I: Extension of Certain Expiring Tax Provisions - Amends the Internal Revenue Code to extend the following provisions from June 30, 1992, until December 31, 1993: (1) the tax exclusion for employer-provided educational assistance; (2) the tax exclusion for employer-provided group legal services plans; (3) the deduction for health insurance costs of self-employed individuals; (4) the authority to issue qualified mortgage bonds and qualified mortgage credit certificates; (5) the authority to issue qualified small issue bonds to finance manufacturing facilities and farm property; (6) the tax credit for increasing research activities; (7) the targeted jobs credit; and (8) the credit for clinical testing expenses for certain drugs for rare diseases or conditions.

Increases the age requirement for economically disadvantaged youths for eligibility for the targeted jobs credit.

Allows the financing as a new mortgage under qualified mortgage bond provisions of certain contract deed agreements by families with income of less than $15,000 annually.

Extends the low-income housing credit until December 31, 1993, with modifications. Limits the eligible basis of units in a credit project. Provides that certain community service facilities in projects in qualified census tracts are included in eligible basis as functionally related and subordinate facilities. Expands the ten-year anti-churning rule waiver to certain projects substantially assisted, financed, or operated under the National Housing Act. Allows units occupied by certain full-time students to qualify for such credit. Authorizes the Treasury Department to waive penalties for certain de minimis errors and recertifications.

Repeals the tax preference for the appreciated property charitable deduction after December 31, 1991, and before January 1, 1994. Requires a report by the Secretary of the Treasury to certain congressional committees on an advance valuation procedure.

Postpones the termination date on the excise tax of certain vaccines and the authority to make expenditures from the Vaccine Injury Compensation Trust Fund. Requires the Secretary of Health and Human Services to study certain aspects of the Trust Fund and report to specified congressional committees.

Amends the Railroad Retirement Solvency Act of 1983 to make permanent the transfer of proceeds from the tax of certain railroad retirement benefits from the general fund of the Treasury to the Railroad Retirement Account.

Title II: Repeal of Certain Luxury Excise Taxes; Imposition of Tax on Diesel Fuel Used in Noncommercial Boats - Repeals the luxury excise tax on boats, aircraft, jewelry, and furs.

Modifies the luxury excise tax on automobiles to index the $30,000 threshold for inflation occurring after 1990 and make such tax applicable to the first retail sale. Terminates such tax after 1999.

Extends the current diesel fuel excise tax to diesel fuel used by motorboats. Exempts vessels used for commercial fishing, transportation for compensation or hire, or for business use other than predominantly for entertainment, amusement, or recreation.

Retains excise taxes for diesel fuels used in motor boats in the General Treasury. (Current law requires transfer of such amounts to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund.)

Title III: Other Revenue-Raising Provisions - Increases, beginning in 1997, the percentage of current-year tax liability upon which a large corporation is required to base its estimated tax payments.

Allows an amortization deduction with respect to certain intangible property that is acquired and held by a taxpayer in connection with the conduct of a trade or business or an activity engaged in for the production of income. Provides for determining such deduction by amortizing the adjusted basis (for purposes of determining gain) of such intangible ratably over the 14-year period beginning with the month in which the intangible was acquired. Disallows any other depreciation or amortization deduction with respect to such intangible.

Describes an amortizable intangible as: (1) goodwill; (2) going concern value; (3) certain specified types of intangible property that generally relate to workforce, information base, know-how, customers, suppliers, or other similar items; (4) any license, permit, or other right granted by a governmental unit, agency, or instrumentality; (5) any covenant not to compete (or other arrangement to the extent that the arrangement has substantially the same effect as a covenant not to compete) entered into in connection with the direct or indirect acquisition of an interest in a trade or business or substantial portion thereof; and (6) any franchise, trademark, or trade name.

Excludes from treatment as an amortizable intangible: (1) any interest in a corporation, partnership, trust, or estate; (2) any interest under an existing futures contract, foreign currency contract, national principal contract, interest rate swap, or other similar financial contract; (3) any interest in land; (4) certain computer software; (5) certain interests in films, sound recordings, video tapes, books, or other similar property; (6) certain rights to receive tangible property or services; (7) certain interests in patents or copyrights; (8) any interest under an existing lease of tangible property; (9) any interest under an existing indebtedness (except for the deposit base and similar items of a financial institution); (10) a franchise to engage in any professional sport, and any item acquired in connection in such a franchise; (11) certain purchased mortgaging servicing rights; (12) certain property acquired from a qualified research entity (at the election of the taxpayer).

Sets forth special rules governing the application of the amortization deduction.

Provides for the treatment of certain computer software and leased property depreciation deductions excluded from the amortization rules.

Continues the present-law treatment of certain contingent amounts that are paid or incurred on account of the transfer of a franchise, trademark, or trade name.

Provides for the treatment of assumption reinsurance transactions of insurance companies.

Provides for the treatment of certain payments to retired or deceased partners.

Requires the reporting of identifying information to the IRS in the case of certain seller-provided financing.

Increases the base tax rate amount of both initially listed and newly listed ozone-depleting chemicals.