<enum>I</enum><header>Elimination of ineffective agencies and programs</header> <section id="H3B536BCBBDC849B6A08DF4A88CB5D64E" section-type="subsequent-section"><enum>101.</enum><header>Annual list of affected agencies and programs</header><text display-inline="no-display-inline">Before October 1 of each calendar year, the Director of the Office of Management and Budget shall transmit to Congress a report containing a list comprised of all agencies and programs that received ineffective ratings under the most recent program assessment rating tool pursuant to the Government Performance and Results Act of 1993 (Public Law 103–62; 107 Stat. 285) or three consecutive annual adequate ratings under that program assessment rating tool and the preceding two program assessment rating tools.</text> </section><section id="H04FAF3A97B1248A5B52F1D5F5F57C771"><enum>102.</enum><header>Termination of certain agencies and programs</header><text display-inline="no-display-inline">Sixty calendar days after the date upon which the Director of the Office of Management and Budget transmits a report to Congress under section 1, all agencies and programs named on such list shall terminate unless, before the end of such 60-day period, a statute has been enacted into law stating that all such agencies and programs shall not terminate.</text> </section><section id="H5A48474F19BB4E9996B858DFDAACC4BC"><enum>103.</enum><header>Transition provisions</header><text display-inline="no-display-inline">Whenever any agency or program is terminated under this Act, all orders, grants, contracts, and other determinations or actions of that agency or program that are effective as of the date before the date of such termination, shall be transferred by the Director of the Office of Management and Budget to an appropriate agency and shall continue in effect according to their terms unless changed pursuant to law.</text> </section><section commented="no" id="H06293365508D40058DBF43C4183F7ECA"><enum>104.</enum><header>Estimation of savings</header><text display-inline="no-display-inline">The Director of the Office of Management and Budget shall annually estimate the dollar amount of savings to the Government from the operation of this title for each calendar year and shall annually report such dollar amount to the Secretary of the Treasury.</text> </section>

110 HR 6410 IH: Stop U.S. House of Representatives 2008-06-26 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

Short title

This Act may be cited as the

Stop Legislative Automatic Spending Hikes (SLASH) Act of 2008

<enum>I</enum><header>Elimination of ineffective agencies and programs</header> <section id="H3B536BCBBDC849B6A08DF4A88CB5D64E" section-type="subsequent-section"><enum>101.</enum><header>Annual list of affected agencies and programs</header><text display-inline="no-display-inline">Before October 1 of each calendar year, the Director of the Office of Management and Budget shall transmit to Congress a report containing a list comprised of all agencies and programs that received ineffective ratings under the most recent program assessment rating tool pursuant to the Government Performance and Results Act of 1993 (Public Law 103–62; 107 Stat. 285) or three consecutive annual adequate ratings under that program assessment rating tool and the preceding two program assessment rating tools.</text> </section><section id="H04FAF3A97B1248A5B52F1D5F5F57C771"><enum>102.</enum><header>Termination of certain agencies and programs</header><text display-inline="no-display-inline">Sixty calendar days after the date upon which the Director of the Office of Management and Budget transmits a report to Congress under section 1, all agencies and programs named on such list shall terminate unless, before the end of such 60-day period, a statute has been enacted into law stating that all such agencies and programs shall not terminate.</text> </section><section id="H5A48474F19BB4E9996B858DFDAACC4BC"><enum>103.</enum><header>Transition provisions</header><text display-inline="no-display-inline">Whenever any agency or program is terminated under this Act, all orders, grants, contracts, and other determinations or actions of that agency or program that are effective as of the date before the date of such termination, shall be transferred by the Director of the Office of Management and Budget to an appropriate agency and shall continue in effect according to their terms unless changed pursuant to law.</text> </section><section commented="no" id="H06293365508D40058DBF43C4183F7ECA"><enum>104.</enum><header>Estimation of savings</header><text display-inline="no-display-inline">The Director of the Office of Management and Budget shall annually estimate the dollar amount of savings to the Government from the operation of this title for each calendar year and shall annually report such dollar amount to the Secretary of the Treasury.</text> </section><enum>II</enum><header>Rebates to taxpayers</header> <section id="H9BCAFD76310C422AA7458BA9404F111"><enum>201.</enum><header>Rebate of savings to taxpayers</header> <subsection id="HEFA51D5208C04F709CB9B3A11D7153EE"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Subchapter B of <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/26/65">chapter 65</external-xref> of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:</text> <quoted-block display-inline="no-display-inline" id="HFE9091D343F243118D697150C44212B3" style="OLC"> <section id="H057C250DC41546F6A2C1F6DBCAA600E6"><enum>6431.</enum><header>Program elimination rebates</header> <subsection id="H047E3EE60D7B406DB07E8DEACBDF46EE"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">In the case of an eligible taxpayer, there shall be allowed as a credit against the tax imposed by subtitle A for the first taxable year beginning in any calendar year an amount equal to the program elimination rebate amount determined by the Secretary for such calendar year.</text> </subsection><subsection id="H885065DAD93245679FE7F67003238D15"><enum>(b)</enum><header>Program elimination rebate amount</header><text>For purposes of this section, the term <term>program elimination rebate amount</term> means, with respect to any calendar year, the amount that the Secretary estimates will result in a reduction in revenue to the Government equal to the dollar amount of estimated savings reported to the Secretary by the Director of the Office of Management and Budget under section 104 of the <short-title>Stop Legislative Automatic Spending Hikes (SLASH) Act of 2008</short-title> for the preceding calendar year.</text> </subsection><subsection id="HB418C753ED874DFEB69E00A3D405961B"><enum>(c)</enum><header>Eligible taxpayer</header><text>For purposes of this section,</text> <paragraph id="H64948A83EA73451E850947D0AEBE0002"><enum>(1)</enum><header>In general</header><text>The term <term>eligible taxpayer</term> means any eligible individual if such taxpayer—</text> <subparagraph id="HE1E9FBCFCF9D43FF9816C02FAAA00012"><enum>(A)</enum><text display-inline="yes-display-inline">has qualifying income of at least $3,000, or</text> </subparagraph><subparagraph id="H179D554066C841F996D91B0068900A1"><enum>(B)</enum><text>has—</text> <clause id="H5E00DAB88DA9438A96CA651D76AA913"><enum>(i)</enum><text>net income tax liability which is greater than zero, and</text> </clause><clause id="H7FC860A0BD2D477C911DD818A0D5FDAA"><enum>(ii)</enum><text>gross income which is greater than the sum of the basic standard deduction plus the exemption amount (twice the exemption amount in the case of a joint return).</text> </clause></subparagraph></paragraph><paragraph id="H7011642794984B8F9CA6AFCABCAF5688"><enum>(2)</enum><header>Eligible individual</header><text display-inline="yes-display-inline">The term <term>eligible individual</term> means any individual other than—</text> <subparagraph id="H7AE7042B41AE4288ABD1B02F3693E05C"><enum>(A)</enum><text>any nonresident alien individual,</text> </subparagraph><subparagraph id="H3E407C3746B74C68AA353911CA330060"><enum>(B)</enum><text>any individual with respect to whom a deduction under section 151 is allowable to another taxpayer for a taxable year beginning in the calendar year in which the individual's taxable year begins, and</text> </subparagraph><subparagraph id="HC87297C588DE4392B6EE2922F6C068C"><enum>(C)</enum><text>an estate or trust.</text> </subparagraph></paragraph><paragraph id="HC81115C1970640AAA2A0CA3CFC79E83"><enum>(3)</enum><header>Qualifying income</header><text display-inline="yes-display-inline">The term <term>qualifying income</term> means—</text> <subparagraph id="H67BA45F574864D94A3EF503EA7FF3BFB"><enum>(A)</enum><text>earned income,</text> </subparagraph><subparagraph id="HA5BFABBE2F03402A95BFC0919F5C7C63"><enum>(B)</enum><text>Social Security benefits (within the meaning of section 86(d)), and</text> </subparagraph><subparagraph id="HD2629232642B4A8F92B3BD2384EC5032"><enum>(C)</enum><text>any compensation or pension received under chapter 11, chapter 13, or <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/38/15">chapter 15</external-xref> of title 38, United States Code.</text> </subparagraph></paragraph><paragraph id="HF25C275029DF443482E3749052F4F507"><enum>(4)</enum><header>Net income tax liability</header><text>The term <term>net income tax liability</term> means the excess of—</text> <subparagraph id="H982A6EBC2C9147EBAEC3A86566E82E70"><enum>(A)</enum><text>the sum of the taxpayer’s regular tax liability (within the meaning of section 26(b)) and the tax imposed by section 55 for the taxable year, over</text> </subparagraph><subparagraph id="H43A7F66513FB49A98D8793B0CFF35F72"><enum>(B)</enum><text>the credits allowed by part IV (other than section 24 and subpart C thereof) of subchapter A of chapter 1.</text> </subparagraph></paragraph></subsection><subsection id="H1002CCFEA81D4E778623C93F593FF8A9"><enum>(d)</enum><header>Treatment of Credit</header><text display-inline="yes-display-inline">The credit allowed by subsection (a) shall be treated as allowed by subpart C of part IV of subchapter A of chapter 1.</text> </subsection><subsection id="H85C711059CC240058D8CDBB3BFC16537"><enum>(e)</enum><header>Coordination with advance refunds of credit</header> <paragraph id="H3C52A48358624C44B2335EF299922CBE"><enum>(1)</enum><header>In general</header><text>The amount of credit which would (but for this paragraph) be allowable under this section for any taxable year shall be reduced (but not below zero) by the aggregate refunds and credits made or allowed to the taxpayer under subsection (f) with respect to such amount for the preceding taxable year. Any failure to so reduce the credit shall be treated as arising out of a mathematical or clerical error and assessed according to section 6213(b)(1).</text> </paragraph><paragraph id="HEF1A7AA3C69042B9933677D4F44F6798"><enum>(2)</enum><header>Joint returns</header><text>In the case of a refund or credit made or allowed under subsection (f) with respect to a joint return, half of such refund or credit shall be treated as having been made or allowed to each individual filing such return.</text> </paragraph></subsection><subsection id="H6B08C5905D1E44AF8CDF4CB67550D7B9"><enum>(f)</enum><header>Advance refunds and credits</header> <paragraph id="H2A5E91D214624D84A3CA55228F459FB9"><enum>(1)</enum><header>In general</header><text>Each individual who was an eligible individual for the taxable year preceding any taxable year to which subsection (a) applies shall be treated as having made a payment against the tax imposed by chapter 1 for such preceding taxable year in an amount equal to the program elimination refund amount determined for the taxable year to which subsection (a) applies.</text> </paragraph><paragraph id="H66710E5CBC5E4DD7A25F7C62967B171B"><enum>(2)</enum><header>Timing of payments</header><text>The Secretary shall, subject to the provisions of this title, refund or credit any overpayment attributable to this subsection as rapidly as possible. No refund or credit shall be made or allowed under this subsection with respect to any taxable year beginning in a calendar year after December 31 of the following calendar year.</text> </paragraph><paragraph id="H87C10E44CA5E4A7A9DA1CFB6988F3CFF"><enum>(3)</enum><header>No interest</header><text>No interest shall be allowed on any overpayment attributable to this subsection.</text> </paragraph></subsection><subsection id="HB82A0FC4294148E5AC19281D28D2555"><enum>(g)</enum><header>Identification number requirement</header> <paragraph id="H229B5F589A6444919009D5A9EC2907E"><enum>(1)</enum><header>In general</header><text>No credit shall be allowed under subsection (a) to an eligible individual who does not include on the return of tax for the taxable year—</text> <subparagraph id="HE74AA18462694DF7BA5E7EAEB1CB3BC6"><enum>(A)</enum><text>such individual’s valid identification number, and</text> </subparagraph><subparagraph id="H65F4F5B33191497FABDA062C00945DBB"><enum>(B)</enum><text>in the case of a joint return, the valid identification number of such individual’s spouse,</text> </subparagraph></paragraph><paragraph id="HE6A0DC13B2D54AA1BD892F03E03862EC"><enum>(2)</enum><header>Valid identification number</header><text>For purposes of paragraph (1), the term <term>valid identification number</term> means a Social Security number issued to an individual by the Social Security Administration. Such term shall not include a TIN issued by the Internal Revenue Service.</text> </paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block> </subsection><subsection id="HEC71CE62A0DE439EACED491459566325"><enum>(b)</enum><header>Administrative provisions</header> <paragraph id="H5FA4749D46F24E84B501FCB79EE3B12B"><enum>(1)</enum><header>Definition of deficiency</header><text display-inline="yes-display-inline">Section 6211(b)(4)(A) of the Internal Revenue Code of 1986 is amended by striking <quote>and 6428</quote> and inserting <quote>6428 and 6431</quote>.</text> </paragraph><paragraph id="H67D4293F3CE243BFADA562B545C8F2FF"><enum>(2)</enum><header>Mathematical or clerical error authority</header><text>Section 6213(g)(2)(L) of such Code is amended by striking <quote>or 6428</quote> and inserting <quote>6428, or 6431</quote>.</text> </paragraph></subsection><subsection id="H779764FFDDA646738DEA4F40C662B28"><enum>(c)</enum><header>Conforming amendments</header> <paragraph id="H494A7372DDAE4D91BAA17964CA451FCB"><enum>(1)</enum><text display-inline="yes-display-inline">Paragraph (2) of section 1324(b) of title 31, United States Code, is amended by striking <quote>or 6428</quote> inserting <quote>6428, or 6431</quote>.</text> </paragraph><paragraph id="HB01D336C31184F74BC829EC47B9DDBC3"><enum>(2)</enum><text>The table of section for subchapter B of <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/26/65">chapter 65</external-xref> of the Internal Revenue Code of 1986 is amended by adding at the end the following new item:</text> <quoted-block display-inline="no-display-inline" id="H6C9526C9E9E24EC59CD7CE23AD03A8FA" style="OLC"> <toc container-level="quoted-block-container" idref="HFE9091D343F243118D697150C44212B3" lowest-bolded-level="division-lowest-bolded" lowest-level="section" quoted-block="no-quoted-block" regeneration="yes-regeneration"> <toc-entry idref="H057C250DC41546F6A2C1F6DBCAA600E6" level="section">Sec. 6431. Program elimination rebates.</toc-entry> </toc> <after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></subsection><subsection id="HDE2BD5384A32438E8F4B9240FE704ECB"><enum>(d)</enum><header>Effective date</header><text>The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.</text> </subsection></section>