TAX REFORM ACT

Addresses

Tax Reform: Senator Durenberger, 12456 [4JN]

Advertisements

Tax reform and how it might affect you, 26506 [26SE]

Agreements

Between the U.S. and the City of Kenosha, WI, for local cooperation at Kenosha Harbor, WI, 15035 [24JN]

Enact (H.R. 3838), unanimous-consent, 14581 [19JN]

Amendments

Enact (H.R. 3838), 12783 [5JN], 13009, 13017 [9JN], 13106, 13116, 13119, 13122, 13140, 13141, 13142 [10JN], 13335, 13350, 13359, 13364, 13373, 13374, 13376 [11JN], 13551, 13556, 13568, 13590, 13606, 13613, 13625, 13626, 13628, 13629 [12JN], 13688, 13719 [13JN], 13798, 13809-13814, 13856, 13861 [16JN], 14113, 14114, 14116, 14127, 14139, 14154, 14182 [17JN], 14321, 14363, 14364, 14365, 14366, 14371, 14373, 14375, 14391, 14395, 14399, 14440, 14441, 14442, 14443, 14444 [18JN], 14497, 14503, 14510-14512, 14514, 14530, 14531, 14537, 14542, 14545, 14558, 14559, 14560, 14562, 14563, 14565, 14567, 14569, 14572, 14576, 14586, 14620, 14621, 14622, 14623, 14624, 14625, 14626, 14627, 14628 [19JN], 14779, 14780, 14782, 14789, 14795, 14799, 14802, 14803, 14808, 14809, 14812, 14813, 14827, 14828, 14829 [20JN], 14916, 14928, 14931, 14933, 14942, 14946 [23JN], 14991, 15001, 15004, 15007, 15009, 15016, 15034, 15072, 15074, 15154, 15156-15163, 15164 [24JN]

———technical corrections (H. Con. Res. 395), 32346-32348, 32605 [16OC], 32983 [17OC], 33381, 33511 [17OC], 33694 [18OC]

Analyses

Taxpayer Profiles Under H.R. 3838: Price Waterhouse & Co., 13321-13325 [11JN]

Appointments

Conferees: H.R. 3838, 16419 [15JY]

Articles and editorials

Bottom Line on Tax Plan—Millions Would Pay More, 14906-14907 [23JN]

Fix Capital Gains, 15047 [24JN]

Fun and Games With Chicken Feed, 13627 [12JN]

Listen to Bill Bradley, 12806 [5JN]

Outlook—U.S. Competitiveness and Tax Revision, 14997 [24JN]

Progress of the Tax Bill Enhances Reputation of Senator Bill Bradley, 12805 [5JN], 13380-13381 [11JN]

Sharing the Tax Burden (excerpt), 26501 [26SE]

Stop the Stagger, 13775 [16JN]

Tax Bill That's Unashamedly Capitalist, 14996 [24JN]

Tax Bill's Key Numbers Man, 14166 [17JN]

Tax Conferees Reaching an Agreement (excerpt), 26500 [26SE]

Tax Reform Ambush, 17851 [28JY]

Tax Reform—If This Is Simplicity, Save Us From Complexity, 26488 [26SE]

Visitor Enjoys Counseling Others, 15054 [24JN]

Young Professionals May Be Losers in Senate Plan To Revise Tax Code, 14099 [17JN]

Bills and resolutions

Congressional Budget Act: waiver for consideration of H.R. 3838 (see S. Res. 416)

Iron and steel industry: employee health insurance benefits (see S.J. Res. 380)

Reform: effective date of H.R. 3838 proposals (see H. Res. 370)

Sales tax: repeal provisions of H.R. 3838 eliminating deduction (see H.R. 5620, 5639)

Comments

Diesel fuel excise tax raises $5 million during fiscal years 1986-91, 14567 [19JN]

Descriptions

Kasten and Inouye amendment, 13677 [13JN]

Documents

Instructions to Managers on Tax Reform Act (excerpt), 12431 [4JN]

Provisions (excerpt), 23948 [18SE]

Explanations

Alaska Native consolidated return exemptions clarifying amendment, 14947 [23JN]

Employee stock ownership plan amendments, 14506-14508 [19JN]

Employee stock ownership plans of the Tax Reform Act, 26650-26652 [27SE]

Letters

Adoption of transition rules relative to public works projects in Kenosha, WI: John D. Bilotti, 32624 [16OC]

Aeronautics transition rules: FalconJet, 33389 [17OC]

———Senators Pryor and Bumpers, 33389 [17OC]

Capital gains differential: American Electronics Association (excerpt), 14117 [17JN]

———Bechtel Corp., 14122 [17JN]

———Lawrence B. Lindsey, 14118 [17JN]

Deductibility of adoption expenses: several Senators (Dear Colleague), 5042 [14MR]

Farm tax shelters: Iowa Pork Producers, 14902 [23JN]

———National Cattlemen's Association, 14902 [23JN]

Higher Education and Income-Tax Reform—University Officials Rebut Recent Editorials: William G. Bowen, 26515 [26SE]

Impact of tax reform on disabled: Consortium for Citizens With Developmental Disabilities, 14417 [18JN]

Investment tax credit for certain cargo containers: Senator Boschwitz, 28024 [2OC]

Investment tax credits: Senator Kennedy, 28557 [3OC]

Low-income housing and revenue neutrality: Committee on Banking, Housing, and Urban Affairs, 14920 [23JN]

Madison Square Garden-Pennsylvania Station reconstruction project: Vincent Tese, 15073 [24JN]

Provisions: Joint Committee on Taxation, 13105 [10JN]

———several organizations, 13101 [10JN]

Response: Robert R. Nathan, 21407 [13AU]

Shipping industry transition rules: Kurrus & Kirchner, 33384 [17OC]

———National Marine Engineers' Beneficial Association, 33384, 33385 [17OC]

———several Members of Congress, 33385 [17OC]

Tax amnesty: Massachusetts constituent, 14797 [20JN]

Tax Code changes: National Federation of Independent Business, 14996 [24JN]

Tax reform: James Blanchard, Governor of Michigan, 14915 [23JN]

———sundry, 23868 [18SE]

Tax Reform Act: Joint Committee on Taxation, 26505 [26SE]

———several national organizations, 25464 [23SE]

Tax reform and individual income tax provisions: David H. Brockway, 14323 [18JN]

———Joint Committee on Taxation, 14909 [23JN]

Tax treatment of the real estate industry: several Representatives, 26392 [25SE]

———Tax Reform Act conferees, 26215 [25SE]

Transition rules and Nebraska preservation projects: Senator Exon, 15015 [24JN]

Lists

Accelerated cost recovery system/investment tax credits, 26609 [27SE]

Cosponsors of S. 2108, preventing retroactive taxation changes, 14583 [19JN]

Current capital gains tax rates among principal international competitors, 14117 [17JN]

15/27/33 Coalition, 14903 [23JN]

Organizational supporters, 13113 [10JN]

Tax reform bills' statistics: Senator Dole, 15079 [24JN]

Tax reform transition rules, 26638-26643 [27SE]

Transition rules H.R. 3838 as reported by the Committee on Finance, 13090 [10JN]

Memorandums

Dredging Project in Kenosha, WI: Dept. of Defense, 15036 [24JN]

Tax Reform, 14898 [23JN]

Memorials of legislature

California, 11312 [20MY], 11948 [22MY], 16371 [14JY]

New Hampshire, 11948 [22MY]

Orders

Energy Conversions of America, Inc., project: FERC (excerpt), 26681, 26689 [27SE]

Petitions

Municipal bond provisions: Village Board, Roselle, IL, 5566 [19MR]

Oppose: Eastlake, OH, City Council, 3169 [27FE]

Taxation: Cook County, IL, School District, 8284 [22AP]

———Gary, IN, City Council, 9212 [1MY]

———Irving, TX, City Council, 9212 [1MY]

———La Crosse, WI, Common Council, 17819 [28JY]

Tax-exempt financing for local government: Boscobel, WI, Common Council, 7005 [9AP], 7127 [10AP]

———Cayuga County, NY, County Council, 6639 [8AP]

———Gary, IN, Board of Redevelopment Commissioners, 7005 [9AP]

———Kenosha, WI, Common Council, 7005 [9AP]

———Oak Lawn, IL, Board of Trustees, 7005 [9AP]

Tax-exempt financing for local governments: Griffith, IN, Board of Trustees, 11312 [20MY], 11949 [22MY]

Tax-exempt financing for school districts: Cook County, IL, Board of Education, School District No. 200, 9212 [1MY]

Proposals

Harkin amendment to H. Con. Res. 395, making technical corrections, 31403 [15OC]

Questions and answers

Tax reform: American Association of Retired Persons, 26227 [25SE]

Quotations

Income tax payment: Plato, 14915 [23JN]

Remarks in House

Capital gains: repeal of certain provisions, 28680 [3OC]

Corporations: financial statement requirements, 32701 [16OC]

Enact (H.R. 3838), 214 [21JA], 513 [23JA], 1430, 1437 [3FE], 1662 [4FE], 2649 [24FE], 3225, 3249 [27FE], 6162 [25MR], 7099 [10AP], 7243, 7251 [10AP], 9353 [1MY], 10228 [8MY], 24673-24685 [18SE], 25881, 26056, 26058, 26065-26074 [24SE], 26081 [24SE], 26194, 26195, 26197, 26198, 26199, 26200, 26201, 26202 [25SE], 26276, 26278 [26SE], 26280 [29SE], 26360 [25SE], 26567 [26SE], 28204 [2OC], 28693 [3OC]

———appointment of conferees, 16702 [16JY]

———conference report, 16317 [14JY], 17006, 17019 [17JY], 17322 [22JY], 17860 [28JY], 18253, 18255 [31JY], 18838, 18853 [1AU], 19339 [6AU], 21445 [13AU], 22153 [15AU], 22320 [9SE], 23664-23668 [17SE], 23948 [18SE], 24775, 24780-24788 [19SE], 25385, 25386, 25451 [23SE], 25882 [24SE], 26201, 26202 [25SE], 26226 [26SE], 26232 [30SE], 26247 [2OC], 26263 [25SE], 26278, 26279, 26280 [26SE], 26281 [30SE], 26282 [3OC]-26296 [25SE], 26567, 26579 [26SE]-28208 [2OC], 30392, 30404, 30440-30442 [10OC], 33570, 33571 [17OC]

———conference report, consideration, 22356 [9SE]

———conference report, technical corrections (H. Con. Res. 395), 26296 [25SE]

———deductibility of business-paid excise taxes, 5582 [19MR]

———effective dates of provisions, 1447 [4FE]

———impact on foreign trade, 8556 [23AP]

———motion to instruct conferees, 16703 [16JY]

———permission to file conference report, 23004 [11SE]

———technical corrections (H. Con. Res. 395), 32982 [17OC], 33679, 33680, 33694 [18OC]

Federal employees: impact on retirees, 23667 [17SE]

Impact, 10654 [14MY], 11118 [15MY], 11363 [20MY], 11467 [20MY], 11828 [21MY]

Individual retirement accounts: treatment, 14981 [23JN]

Lukens Steel, Inc.: excise tax on employers proceeds from pension plan terminations, 16709 [16JY]

Pensions: retroactive provisions for Federal, State, and local government employees, 22236-22240 [8SE], 22320 [9SE], 22642, 22644 [10SE], 22764 [10SE]

———tax treatment of contributed funds, 25163 [22SE]

Provisions, 33685 [18OC]

———impact, 18150 [30JY]

State and local taxes: Federal deductibility, 28041 [2OC], 29606 [8OC]

Taxation: repeal certain record-keeping requirements (H.R. 1869), 210 [21JA]

Territories: treatment (H.R. 3838), 26276-26278 [26SE]

Urban area: impact, 26198 [25SE]

Remarks in Senate

Adoption: tax deduction for adoption of children with special needs, 33559 [17OC]

Aeronautics: transition rules, 33383-33389 [17OC]

Agriculture: impact, 4077-4079 [7MR]

Amend (S. 2954), 33841 [18OC]

Amnesty: provide, 14789-14795 [20JN]

Brockway, David H.: tribute, 14166 [17JN]

Budget: tax reform as means of reducing the deficit, 22369 [9SE]

Business: allow for deduction of certain expenses related to individual's trade, 14941 [23JN]

———curtailment of tax shelters, 14452 [18JN]

Double taxation: potential problem, 33550 [17OC]

Eastman Place, Rochester, NY: transition rule, 33391 [17OC]

Enact (H.R. 3838), 3428 [3MR], 12051, 12088 [2JN], 12139 [3JN], 12368, 12373, 12383, 12384, 12430, 12457-12472, 12475 [4JN], 12639, 12640, 12805 [5JN], 12983, 12984, 12986, 12988, 12994-13012 [9JN], 13078, 13087-13127 [10JN], 13271, 13272, 13295-13364 [11JN], 13549-13613, 13626, 13635 [12JN], 13672, 13674-13697, 13701-13710 [13JN], 13775, 13781, 13798-13821, 13861 [16JN], 14083, 14099, 14102-14103, 14107-14135, 14137, 14152-14167, 14183, 14192 [17JN], 14310, 14321-14378, 14381-14393, 14407-14417, 14443 [18JN], 14494, 14495-14524, 14527-14537, 14542-14586, 14633 [19JN], 14779, 14795, 14801-14804, 14808-14809, 14812, 14819-14821 [20JN], 14892, 14896-14898, 14901, 14949-14952 [23JN], 14987, 14988-15084, 15179 [24JN], 15316 [25JN], 15900 [26JN]

———application of expense rules to possessions income, 26678 [27SE]

———appointment of conferees, 16419 [15JY]

———conference report, 16761, 16762, 16875 [17JY], 17582 [24JY], 17851 [28JY], 17915 [29JY], 18677, 18678 [1AU], 18916-18917, 19001 [4AU], 19756 [7AU], 22251 [8SE], 22556-22569 [10SE], 22777 [11SE], 23047 [12SE], 23288 [15SE], 23485 [16SE], 23868 [18SE], 24811 [19SE], 25464 [23SE], 26476-26496, 26497, 26533 [26SE], 26591-26693 [27SE], 27569 [1OC]

———conference report—timetable for consideration, 17825 [28JY]

———deductibility of adoption expenses, 5042 [14MR]

———deductibility of State and local taxes, 3366 [28FE], 4820 [13MR], 5181 [18MR], 6372 [26MR], 7043 [9AP], 8151 [21AP]

———deductibility of State and local taxes (S. Res. 366), 4814 [13MR]

———effective date of provisions (S. 2108), 2855 [26FE], 5179 [18MR]

———effective date of provisions (S. Con. Res. 111), 2872 [26FE]

———employee stock ownership plans, 26649, 26653 [27SE]

———technical corrections (H. Con. Res. 395), 31250, 31310-31313, 31400-31407, 31421 [15OC], 32335, 32345-32351 [16OC], 33358, 33381-33392 [17OC]

———transition rules, 26151 [25SE], 26591, 26649, 26678-26689 [27SE]

———unanimous-consent agreement, 12472 [4JN]

ERISA: make parallel amendments, 14572 [19JN]

Housing: amend low-income housing provisions and maintain revenue neutrality, 14918-14928 [23JN]

Installment sales, 33391 [17OC]

Insurance: provisions on property-casualty loss reserves, 32625 [16OC]

———treatment, 33389 [17OC]

Investments: capital gains differential, 14116-14126 [17JN]

IRS: advice on income tax questions, 29126 [7OC]

Kenosha, WI: adoption of transition rules relative to public works projects, 32624 [16OC]

Mirror subsidies, 33389 [17OC]

Nathan, Robert R.: response, 21407 [13AU]

Pensions: removal of retroactive effect of the repeal of the 3-year recovery of basis rule for retirement plans (S. 2922), 30269 [10OC]

———removal of retroactive effect of the repeal of the 3-year recovery of basis rule for retirement plans (S. 2923), 30504 [14OC]

Provisions: public response, 22504 [10SE]

Real property: provisions, 20937 [12AU]

———transition rule for investment tax credit, 33390, 33392 [17OC]

Senate: sense relative to transition rules, 14529 [19JN]

Shipping industry: transition rule, 33383 [17OC]

Small business: impact, 14376 [18JN]

Taxation: Alaska Native consolidated return exemption, 14946-14947 [23JN]

———capital gains exclusion on certain farm property, 14931-14941 [23JN], 14992 [24JN]

———certain teleconnector projects, 14812 [20JN]

———clarify obligations guaranteed by the Federal Government, 14801-14803 [20JN]

———deductibility of State and local taxes (H.R. 3838), 8957 [29AP]

———delete dealers exception from the hedging rules, 15072 [24JN]

———exempt certain athletes in charitable competitions, 14809 [20JN]

———exempt the United Mine Workers of America's pension from survivor annuity requirements, 14795 [20JN]

———extend common paymaster rule for FICA taxes to partnerships, 15007 [24JN]

———generic rule, 15067 [24JN]

———investment tax credits, 28556 [3OC]

———limitation on investment in non-purpose obligations, 14813-14816 [20JN]

———make certain changes concerning irrevocable estate elections, 15016 [24JN]

———modify certain provision of subchapter M of the Internal Revenue Code, 14992 [24JN]

———provide a transition rule for a certain public housing project, 15009 [24JN]

———provide exception for Des Moines trucking firm, 14804 [20JN]

———provide for budgetary treatment of any revenue fluctuations produced, 14929-14930 [23JN]

———provide special relief for flood disaster victims, 15074 [24JN]

———provide third rate bracket for individual taxpayers, 14321-14355 [18JN]

———reduce year-to-year revenue fluctuations, 15003 [24JN]

———remain unchanged for a period of at least 5 years from date of enactment, 14944 [23JN], 14994-15001 [24JN]

———retain income averaging, 13141 [10JN]

———retain income averaging for noncorporate farmers and ranchers, 13626 [12JN]

———tighten voluntary disclosure provisions, 14799-14801 [20JN]

———transition rule concerning Kenosha, WI, dredging project, 15034 [24JN]

———transition rules, 14113-14116 [17JN]

———treat certain entities as trusts for tax purposes, 15002 [24JN]

———treatment of foreign corporations, 14819 [20JN]

———treatment of income of elderly, 13106 [10JN]

Reports

Impact of the Finance Committee Tax Bill on Family Farming and a Comparison With the House Bill and Current Law: Center for Rural Affairs, 14550 [19JN]

Low-Income Housing: Samuel R. Pierce, Jr., Sec. of HUD (excerpt), 14925 [23JN]

Tax Reform: Finance Committee (excerpt), 15070 [24JN]

Transition Rules of Tax Reform Act: Committee on Ways and Means (excerpt), 26678 [27SE]

Reports by conference committees

Provisions (H.R. 3838), 24154-24654 [18SE]

Provisions (H.R. 3838) (excerpts), 28204 [2OC]

Reports filed

Special Report: Committee on Banking, Housing, and Urban Affairs (S. Rept. 99-260), 4785 [13MR]

Tax Reform: Committee on Rules (H.R. 3838; H. Con. Res. 395; H. Res. 598) (H. Rept. 99-1011), 32329 [16OC]

Taxation: committee of conference (H.R. 3838) (H. Rept. 99-841), 24686 [18SE]

———Committee on Finance (H.R. 3838) (S. Rept. 99-313), 12076 [2JN]

———Committee on Finance (H.R. 3838; S. Res. 416), 12076 [2JN]

———Committee on the Budget (H.R. 3838; S. Res. 416), 12240 [3JN]

Resolutions by organizations

Dredging project: Kenosha, WI, Common Council, 15035 [24JN]

Statements

Domenici-Gramm Amendment: Senator Packwood, 22370 [9SE]

Dredging project in Kenosha, WI: Michael S. Fisher, 15035 [24JN]

Effects on Economy by Tax Reform: Jerry Jasinowski, 23485 [16SE]

———Lawrence Summers, 23485 [16SE]

———Murray L. Weidenbaum, 23485 [16SE]

Eligibility of Property for Investment Tax Credit, 28024-28026 [2OC]

Federal Retirees' Pension Tax: Senator Danforth, 14407 [18JN]

Pro-Family Features of the Tax Reform Act: Committee for Fairness to Families, 11118 [15MY]

Tax Reform: American Association of Retired Persons, 26228 [25SE]

———Senator Cranston, 15064 [24JN]

Tax Reform Act: Coalition on Women and Taxes, 25465 [23SE]

———Dept. of Agriculture, 26533 [26SE]

———Grant P. Thompson, 25465 [23SE]

———Larry Horton, 26488 [26SE]

———Marian W. Edelman, 25465 [23SE]

———Senator Bradley, 26627 [27SE]

———Senator Danforth, 26482 [26SE]

———Senator Packwood, 26504 [26SE]

———Sheldon Steinbach, 26488 [26SE]

———sundry, 25466 [23SE]

Tax Reform Community Forum Question: Senator Cranston, 26676 [27SE]

Tax Reform Conference Report: Alan Greenspan, 26520 [26SE]

———Edward Yardeni, 26519, 26520 [26SE]

———Jane Seaberry, 26508 [26SE]

———Jerry Jasinowski, 26520 [26SE]

———Laurence Summers, 26520 [26SE]

———Lawrence Chimerine, 26507 [26SE]

———Martin Mauro, 26520 [26SE]

———Murray L. Weidenbaum, 26507, 26508, 26520 [26SE]

———Robert Brinner, 26520 [26SE]

———sundry, 26502, 26507 [26SE]

Why Other Forms of Assistance May Be Needed in Conjunction With the Credit Using the Credit in Low Cost/Very Low-Income Communities, 14920 [23JN]

Studies

Farm Income Taxation Under the Finance Committee Tax Bill: Library of Congress, 13111-13113 [10JN]

Summaries

Dole Amendment on Employee Business Expense Itemized Deduction by Handicapped, 14781 [20JN]

Tables

Agricultural income averaging, 14412 [18JN]

Amendment to the Tax Reform Act, 14531 [19JN]

Budgetary effects relative to the CBO, 12431 [4JN]

Capital gains differential, 14124 [17JN]

———deSeve Economics Associates, 14118 [17JN]

CBO estimates on tax reform bill, 12432 [4JN]

Distribution of tax cuts by income class, 13558 [12JN]

Effects of revenues, outlays, and deficits of policy changes, 12434 [4JN]

Finance Committee bill: comparison of distribution of returns and tax liability for taxpayers, 14331, 14335 [18JN]

———comparison with Mitchell amendment, 14325 [18JN]

———marginal tax rates (H.R. 3838), 14328 [18JN]

———percentage change in take home pay (H.R. 3838), 14325 [18JN]

———tax relief by income class (H.R. 3838), 14327 [18JN]

Income averaging for noncorporate farmers and ranchers, 13626 [12JN]

Percentage change in tax liability under proposed legislation, 13352 [11JN]

Provisions: Joint Committee on Taxation, 13105 [10JN]

Tax reform: sundry, 26496 [26SE]

Tax Reform Act's effect on New Mexico taxpayers, 14951 [23JN]

Tax Revenue Smoothing Options, 15003 [24JN]

Testimonies

Capital Gains Differential: Burton McMurty, 14126 [17JN]

———Martin Feldstein, 14126 [17JN]

———Thomas Vasquez, 14126 [17JN]

Tax Reform Conference Report: National Association of Manufacturers, 26507 [26SE]

Texts of

H. Con. Res. 395, technical corrections, 26296 [25SE]

S. 2108, effective date of H.R. 3838 provisions, 2855 [26FE]

S. 2922, removal of retroactive effect of the repeal of the 3-year recovery of basis rule for pension plans, 30269 [10OC]

S. 2954, amendments, 33843 [18OC]

S. Con. Res. 110, effective date of H.R. 3838 provisions, 2871 [26FE]

S. Con. Res. 111, effective date of H.R. 3838 provisions, 2871 [26FE]

Vignettes

Tax reform and group exemptions, 12446 [4JN]