Summary: Internet Poker and Game of Skill Regulation, Consumer Protection, and Enforcement Act of 2009 - Prescribes federal administrative and licensing requirements governing Internet game-of-skill facilities. Vests the Secretary of the Treasury with regulatory and enforcement jurisdiction over such facilities. Prohibits any person from operating an Internet game-of-skill facility that knowingly accepts bets or wagers from persons located in the United States without a license issued by the Secretary. Requires the Secretary to impose: (1) fees upon licensees to cover the cost of administering this Act; and (2) specified civil money penalties for willful violation of this Act or related regulations. Cites safeguards required of licensees, including: (1) collection of customer and licensee taxes related to Internet games of skill or game-of-skill facilities; (2) safeguards against fraud, money laundering, and terrorist finance; and (3) safeguards to prevent compulsive Internet betting or wagering. Requires the Secretary to prescribe regulations for: (1) development of a Problem Gaming, Responsible Gaming, and Self-Exclusion Program; (2) establishment of a list of persons self-excluded from gaming activities at licensee sites; and (3) a public awareness program about the availability of the self-exclusion list. Prohibits a person who is prohibited from gaming with a licensee from collecting any winnings or recovering any losses that arise as a result of prohibited gaming activity. Shields a financial transaction provider from liability for engaging in financial activities or transactions in connection with bets permitted under this Act and the Interstate Horseracing Act of 1978, unless the provider knows or has reason to know they violate federal or state law. Permits states and Indian tribal authorities to opt-out of Internet gaming activities. Prohibits wagers on games of chance and sporting events. Prohibits electronic cheating devices. Requires the Director of the Financial Crimes Enforcement Network to give the Secretary a list of unlawful Internet gambling enterprises. Amends the Internal Revenue Code to impose upon licensees: (1) a federal Internet gaming license fee;(2) a state or Indian tribal government gaming license fee; and (3) specified tax return and recordkeeping requirements. Establishes the State and Indian Tribal Government Gaming License Fee Trust Fund. Subjects to tax withholding parimutuel pool winnings and net Internet gaming winnings (including those of nonresident aliens). Exempts certain gaming proceeds from taxation by either a state or Indian Tribal Government receiving appropriations from the Trust Fund. Amends the Public Health Service Act to authorize: (1) treatment programs for pathological gambling; and (2) grants for comprehensive education, prevention and treatment services for problem and pathological gaming. Directs the Secretary to carry out a national campaign to increase public awareness of problem gambling.

internet enforcement act prescribes federal administrative licensing requirements governing internet game skill facilities vests secretary treasury regulatory enforcement jurisdiction facilities prohibits person operating internet game skill facility knowingly accepts bets wagers persons located united_states license issued secretary requires secretary impose fees licensees cover cost administering act specified civil money penalties willful violation act related regulations cites safeguards required licensees including collection customer licensee taxes related internet games skill game skill facilities safeguards fraud money laundering terrorist finance safeguards prevent compulsive internet betting wagering requires secretary prescribe regulations development problem gaming establishment list persons self excluded gaming activities licensee sites public awareness program availability self exclusion list prohibits person prohibited gaming licensee collecting winnings recovering losses arise result prohibited gaming activity shields financial transaction provider liability engaging financial activities transactions connection bets permitted act provider knows reason know violate federal state law permits states indian tribal authorities opt internet gaming activities prohibits wagers games chance sporting events prohibits electronic cheating devices requires director financial_crimes_enforcement_network secretary list unlawful internet gambling enterprises amends internal revenue code impose licensees federal internet gaming license state indian tribal government gaming license fee specified tax return recordkeeping requirements establishes state subjects tax withholding pool winnings net internet gaming winnings including nonresident aliens exempts certain gaming proceeds taxation state receiving appropriations trust_fund amends public_health_service_act authorize treatment programs pathological gambling grants comprehensive education prevention treatment services problem pathological gaming directs secretary carry national campaign increase public awareness problem gambling


Summary: Statutory Pay-As-You-Go Act of 2009 - Requires a Pay-As-You-Go (PAYGO) Act to include by reference an estimate of its budgetary effects as determined by the Congressional Budget Act of 1974 (CBA), if timely submitted for printing in the Congressional Record by the chairs of the congressional budget committees (chairs) before the vote on it. Requires: (1) the Clerk of the House of Representatives or the Secretary of the Senate, as applicable, also to incorporate by reference such printed estimate into the enrollment of a PAYGO Act; and (2) budgetary effects that are not so included to be determined by the Office of Management and Budget (OMB) estimates. Amends the CBA to require the chairs to request from the Director of the Congressional Budget Office (CBO) an estimate of the budgetary effects of a PAYGO Act before a vote in either chamber on it that, if determined in the affirmative, would clear it for enrollment. Directs the chairs to post such estimate on their respective committee websites and cause it to be printed in the Congressional Record under "PAYGO ESTIMATE." Requires OMB to maintain and make publicly available a continuously updated document containing two PAYGO scorecards (the first for a five-year period and the second for a 10-year period for the beginning of each respective budget year) displaying the budgetary effects of PAYGO legislation, applying certain look-back and averaging requirements. Requires OMB to display as a separate addendum the cost estimates of provisions designated in statute as emergency requirements. Requires OMB to: (1) make an annual public PAYGO report, including a up-to-date document containing the PAYGO scorecards, within 14 business days after Congress adjourns to end a session; and (2) prepare for the President an offsetting sequestration order, which the President shall issue, if such report shows a debit on either PAYGO scorecard for the budget year. Prescribes requirements for calculating a sequestration for nonexempt direct spending programs, including Medicare payments and certain nonexempt mandatory programs. Applies to this Act certain sequestration order requirements of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act), as amended by this Act, including the authority of Members of Congress and certain individuals to request an expedited judicial review of a sequestration order. Exempts from sequestration: (1) low-income subsidies and catastrophic subsidies under Part D (Voluntary Prescription Drug Benefit Program) of the Social Security Act (SSA); and (2) qualified individual (QI) premiums for Medicare cost-sharing for certain dual eligible low-income Medicare beneficiaries under SSA title XIX (Medicaid). Amends the Gramm-Rudman-Hollings Act to specify additional Social Security, veterans, Tier I Railroad Retirement benefits and other programs and activities exempt from a sequestration order as well as certain economic recovery programs.

statutory pay act requires pay paygo act include reference estimate budgetary effects determined congressional_budget_act cba timely submitted printing congressional_record chairs congressional budget committees chairs vote requires clerk house_of_representatives secretary senate applicable incorporate reference printed estimate enrollment paygo act budgetary effects included determined office_of_management_and_budget omb estimates amends cba require chairs request director congressional_budget_office cbo estimate budgetary effects paygo act vote chamber determined affirmative clear enrollment directs chairs post estimate respective committee websites cause printed congressional_record paygo estimate requires omb maintain publicly available continuously updated document containing paygo scorecards year period second year period beginning respective budget year displaying budgetary effects paygo legislation applying certain look averaging requirements requires omb display separate addendum cost estimates provisions designated statute emergency requirements requires omb annual public paygo report including date document containing paygo scorecards business days congress adjourns end session prepare president offsetting sequestration order president shall issue report shows debit paygo scorecard budget year prescribes requirements calculating sequestration nonexempt direct spending programs including medicare payments certain nonexempt mandatory programs applies act certain sequestration order requirements balanced_budget emergency deficit control act gramm rudman hollings act amended act including authority members congress certain individuals request expedited judicial review sequestration order exempts sequestration low income subsidies catastrophic subsidies voluntary prescription drug benefit program social security act ssa qualified individual premiums medicare cost sharing certain dual eligible low income medicare beneficiaries ssa title xix medicaid amends gramm rudman hollings act specify additional social_security veterans benefits programs activities exempt sequestration order certain economic recovery programs


Summary: Americans Giving care to Elders (AGE) Act of 2009 - Amends the Internal Revenue Code to allow caregivers a tax credit for up to $6,000 of the eldercare expenses incurred for their parents (or ancestors of such parents). Amends the Older Americans Act of 1965 to: (1) increase funding for the National Family Caregiver Support Program through FY2013; and (2) establish a National Resource Center on Family Caregiving to provide information on and support for family caregiver support programs.

americans giving care elders age act amends internal revenue code allow caregivers tax credit eldercare expenses incurred parents ancestors parents amends older americans act increase funding national_family_caregiver_support_program fy2013 establish national_resource_center_on_family_caregiving provide information support family caregiver support programs


Summary: Amends Internal Revenue Code provisions relating to the tax deduction for donations of fractional interests in tangible personal property to: (1) permit donors to claim an increased deduction based upon the market value of subsequent gifts of fractional interests; (2) extend to 20 years the period in which donors of fractional interests must contribute their entire interest in donated property; and (3) require donors of fractional interests greater than $1 million to attach a statement of value obtained from the Internal Revenue Service (IRS) to their tax returns.

amends internal revenue code provisions relating tax deduction donations fractional interests tangible personal property permit donors claim increased deduction based market value subsequent gifts fractional interests extend years period donors fractional interests contribute entire interest donated property require donors fractional interests greater million attach statement value obtained internal_revenue_service irs tax returns


Summary: Employee Stock Ownership Plan Promotion and Improvement Act of 2009 - Amends the Internal Revenue Code to: (1) exempt certain distributions, including dividends, by S corporations to an employee stock ownership plan (ESOP) from the penalty tax for premature employee benefit plan withdrawals; (2) exempt deductions for ESOP dividends from corporate alternative minimum tax adjustments based on adjusted earnings and profits; (3) allow deferral of the recognition of gain for certain sales to ESOPs sponsored by any domestic corporation, including S corporations; (4) allow reinvestment of ESOP stock proceeds eligible for nonrecognition of gain in certain mutual funds; and (5) modify certain ESOP stock ownership rules. Amends the Small Business Act to allow a majority-owned ESOP business concern to continue to qualify for loans, preferences, and other programs under such Act.

employee stock ownership plan promotion improvement act amends internal revenue code exempt certain distributions including dividends corporations employee stock ownership plan esop penalty tax premature employee benefit plan withdrawals exempt deductions esop dividends corporate alternative minimum tax adjustments based adjusted earnings profits allow deferral recognition gain certain sales esops sponsored domestic corporation including corporations allow reinvestment esop stock proceeds eligible nonrecognition gain certain mutual funds modify certain esop stock ownership rules amends small_business_act allow majority owned esop business concern continue qualify loans preferences programs act


Summary: Expanding Building Efficiency Incentives Act of 2009 - Amends the Internal Revenue Code to: (1) increase and extend for three years the new energy efficient home tax credit; (2) increase the rate of the tax deduction for energy efficient commercial buildings; (3) allow a $200 tax credit through 2011 for the cost of a home energy rating; and (4) allow a $500 tax credit for the cost of training and certifying home performance auditors to conduct home energy ratings.

expanding building efficiency incentives act amends internal revenue code increase extend years new energy efficient home tax credit increase rate tax deduction energy efficient commercial buildings allow tax credit cost home energy rating allow tax credit cost training certifying home performance auditors conduct home energy ratings


Summary: Expanding Industrial Energy Efficiency Incentives Act of 2009 - Amends the Internal Revenue Code to: (1) increase megawatt and horsepower capacity limitations for the combined heat and power system property energy tax credit; and (2) allow new tax credits to improve advanced motor system energy efficiency, to replace chlorofluorocarbon (CFC) refrigerant chillers, and for investment in any qualifying efficient industrial process water use project.

expanding industrial energy efficiency incentives act amends internal revenue code increase megawatt capacity limitations combined heat power system property energy tax credit allow new tax credits improve advanced motor system energy efficiency replace cfc investment qualifying efficient industrial process water use project


Summary: Amends the Internal Revenue Code to provide for the tax treatment of the notional shipping income of S corporation shareholders by requiring the inclusion of such income for purposes of the alternative tax on qualifying shipping activities and by imposing a 15% surtax on certain differential amounts related to such income.

amends internal revenue code provide tax treatment notional shipping income corporation shareholders requiring inclusion income purposes alternative tax qualifying shipping activities imposing surtax certain differential amounts related income


Summary: Amends Internal Revenue Code provisions relating to the first-time homebuyer tax credit to: (1) extend such tax credit through May 31, 2010; (2) extend through December 31, 2009, the date until which purchases of a principal residence may be treated as made on December 31, 2008, for tax purposes; and (3) extend through May 31, 2010, the waiver of recapture requirements for residences purchased after December 31, 2008.

amends internal revenue code provisions relating time homebuyer tax credit extend tax credit extend december date purchases principal residence treated december tax purposes extend waiver recapture requirements residences purchased december


Summary: Pay It Back Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to revise the limitation on the authority of the Secretary of the Treasury to purchase troubled assets under the Troubled Asset Relief Program (TARP) to $700 billion outstanding at any one time. Changes the maximum authority to $700 billion, in the aggregate, or such higher amount, in the aggregate, as has been obligated or expended under TARP as of the enactment of this Act. Requires the Secretary to report to Congress every six months on transfer to the Treasury's General Fund for reduction of the public debt of revenues of, and proceeds from the sale of troubled assets purchased under TARP, or from the sale, exercise, or surrender of warrants or senior debt instruments acquired under TARP. Amends the Federal National Mortgage Association Charter Act, the Federal Home Loan Mortgage Corporation Act, and the Federal Home Loan Bank Act to require the Secretary to deposit in the Treasury solely for debt reduction any amounts received by the Secretary for the sale of any obligation or security acquired from the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or a Federal Home Loan Bank for secondary market operations. Prohibits the use of any such amounts as an offset for other spending increases or revenue reductions. Requires deposit in the Treasury solely for debt reduction of any periodic commitment fee or any other fee or assessment paid to the Secretary by Fannie Mae or Freddie Mac as a result of any preferred stock purchase agreement, mortgage-backed security purchase program, or any other program or activity under the Housing and Economic Recovery Act of 2008. Requires the Director of the Federal Housing Finance Agency (FHFA) to report to Congress on FHFA plans to continue to support and maintain the nation's vital housing industry, while at the same time guaranteeing that the American taxpayer will not suffer unnecessary losses. Amends the American Recovery and Reinvestment Act of 2009 (ARRA) to require: (1) rescission of any ARRA (stimulus) funds offered to but not accepted by the governor or legislature of a state; and (2) their deposit in the Treasury solely for debt reduction. Requires the same treatment for any funds withdrawn or recaptured by an executive agency head which have not been obligated by a state to a local government or for a specific project. Rescinds for deposit in the Treasury solely for debt reduction specified discretionary appropriations that have not been obligated as of December 31, 2012. Lowers the statutory limit on the public debt by the amounts the Secretary receives under this Act for deposit in the Treasury solely for debt reduction.

pay act amends emergency economic stabilization act eesa revise limitation authority secretary treasury purchase troubled assets troubled_asset_relief_program tarp billion outstanding time changes maximum authority billion aggregate higher aggregate obligated expended tarp enactment act requires secretary report congress months transfer treasury general_fund reduction public debt revenues proceeds sale troubled assets purchased tarp sale exercise surrender warrants senior debt instruments acquired tarp amends federal_national_mortgage_association charter act federal_home_loan_mortgage_corporation_act federal_home_loan_bank_act require secretary deposit treasury solely debt reduction amounts received secretary sale obligation security acquired federal_national_mortgage_association fannie_mae federal_home_loan_mortgage_corporation freddie_mac federal_home_loan_bank secondary market operations prohibits use amounts offset spending increases revenue reductions requires deposit treasury solely debt reduction periodic commitment fee fee assessment paid secretary fannie_mae freddie_mac result preferred stock purchase agreement mortgage backed security purchase program program activity housing_and_economic_recovery_act requires director federal_housing_finance_agency fhfa report congress fhfa plans continue support maintain nation vital housing industry time guaranteeing american taxpayer suffer unnecessary losses amends american_recovery_and_reinvestment_act arra require rescission arra stimulus funds offered accepted governor legislature state deposit treasury solely debt reduction requires treatment funds withdrawn executive agency head obligated state local government specific project rescinds deposit treasury solely debt reduction specified discretionary appropriations obligated december lowers statutory limit public debt amounts secretary receives act deposit treasury solely debt reduction


Summary: Home Office Deduction Simplification Act of 2009 - Amends the Internal Revenue Code allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the business use of such residence. Allows an annual inflation adjustment to the standard deduction amount after 2009.

amends internal revenue code allow taxpayer uses residence conduct trade business standard tax deduction equal lesser taxpayer gross trade business income derived business use residence allows annual inflation adjustment standard deduction


Summary: Bank On Our Communities Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to provide that the needs and viability of insured depository institutions with total assets of less than $5 billion (small financial institutions) may be taken into account by the Secretary of the Treasury when exercising authority under EESA. Establishes within the Treasury the Community Credit Renewal Fund to provide up to $15 billion in assistance to community banking institutions. Prescribes the manner in which a community banking institution may establish its long-term viability by demonstrating receipt of capital from investors other than the Secretary. Subjects a community banking institution to penalties if has failed by December 31, 2010, to: (1) increase its total amount of commercial, industrial, and consumer loans by a dollar amount equal to the amount of capital received from the Secretary; or (2) increase its total amount of commercial and industrial loans by a dollar amount at least 5 % greater than the smallest amount of such loans held by the community banking institution as of any quarter end of the first three quarters in calendar year 2009. Prescribes lending incentives to spur commercial and industrial loans by a community banking institution.

amends emergency economic stabilization act eesa provide needs viability insured depository institutions total assets billion small financial institutions taken account secretary treasury exercising authority eesa establishes treasury provide billion assistance community banking institutions prescribes manner community banking institution establish long term viability demonstrating receipt capital investors secretary subjects community banking institution penalties failed december increase total commercial industrial consumer loans dollar equal capital received secretary increase total commercial industrial loans dollar greater smallest loans held community banking institution quarter end quarters calendar year prescribes lending incentives spur commercial industrial loans community banking institution


Summary: Amends the Internal Revenue Code to allow a five-year carryback of net operating losses, including the operating losses of life insurance companies, incurred in 2008 and 2009. Denies such extended loss carryover period to: (1) taxpayers in whom the federal government acquires an equity interest under the Emergency Economic Stabilization Act of 2008; (2) the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac); and (3) members of certain affiliated groups. Directs the Secretary of the Treasury to make transfers to the general fund to cover reductions in revenues resulting from this Act.

amends internal revenue code allow year carryback net operating losses including operating losses life insurance companies incurred denies extended loss carryover period taxpayers federal government acquires equity interest emergency_economic_stabilization_act federal_national_mortgage_association fannie_mae federal_home_loan_mortgage_corporation freddie_mac members certain affiliated groups directs secretary treasury transfers general fund cover reductions revenues resulting act


Summary: Homebuyer Tax Credit Oversight and Accountability Act of 2009 - Amends the Internal Revenue Code, with respect to the first-time homebuyer tax credit, to: (1) deny such credit to taxpayers under the age of 18; (2) require taxpayers claiming such credit to attach to their returns a properly executed copy of the settlement statement used to purchase their residence and a certified statement of their eligibility for such credit from the real estate broker, settlement agent, or mortgage lender; and (3) prohibit a credit for residences acquired from a spouse. Requires the Commissioner of Internal Revenue to investigate, prosecute, and provide quarterly reports on instances of fraud related to the first-time homebuyer tax credit. Requires tax return preparers to file tax returns electronically unless they reasonably expect to file 100 or fewer individual income returns in a calendar year.

accountability_act amends internal revenue code respect time homebuyer tax credit deny credit taxpayers age require taxpayers claiming credit attach returns properly executed copy settlement statement purchase residence certified statement eligibility credit real estate broker settlement agent mortgage lender prohibit credit residences acquired spouse requires commissioner internal_revenue investigate prosecute provide quarterly reports instances fraud related time homebuyer tax credit requires tax return preparers file tax returns electronically reasonably expect file fewer individual income returns calendar year


Summary: Foreign Account Tax Compliance Act of 2009 - Amends the Internal Revenue Code to revise and add reporting and other requirements relating to income from assets held abroad, including by: (1) requiring foreign financial and nonfinancial institutions to withhold 30% of payments made to such institutions by U.S. individuals unless such institutions agree to disclose the identity of such individuals and report on their bank transactions; (2) denying a tax deduction for interest on non-registered bonds issued outside the United States; (3) requiring any individual who holds more than $50,000 in a depository or custodial account maintained by a foreign financial institution to report on such accounts; (4) imposing an enhanced tax penalty for underpayments attributable to undisclosed foreign financial assets; (5) extending the limitation period for assessment of underpayments with respect to assets held outside the United States; (6) requiring certain tax advisors who assist U.S. individuals in acquiring a direct or indirect interest in a foreign entity to file an information return disclosing the identity of the foreign entity and the individual investors; (7) requiring shareholders of a passive foreign investment company to file informational returns; (8) enhancing tax rules and penalties relating to foreign trusts with U.S. beneficiaries; and (9) requiring withholding of tax on dividend equivalent payments received by foreign individuals.

foreign account tax compliance act amends internal revenue code revise add reporting requirements relating income assets held abroad including requiring foreign financial nonfinancial institutions withhold payments institutions individuals institutions agree disclose identity individuals report bank transactions denying tax deduction interest non registered bonds issued outside united_states requiring individual holds depository custodial account maintained foreign financial institution report accounts imposing enhanced tax penalty underpayments attributable undisclosed foreign financial assets extending limitation period assessment underpayments respect assets held outside united_states requiring certain tax advisors assist individuals acquiring direct indirect interest foreign entity file information return disclosing identity foreign entity individual investors requiring shareholders passive foreign investment company file informational returns enhancing tax rules penalties relating foreign trusts beneficiaries requiring withholding tax dividend equivalent payments received foreign individuals


Summary: Mobile Mammography Promotion Act of 2009 - Amends the Internal Revenue Code to exempt from the motor fuel excise tax fuel used in any highway vehicle designed exclusively to provide mobile mammography services.

mobile_mammography_promotion_act amends internal revenue code exempt motor fuel excise tax fuel highway vehicle designed exclusively provide mobile mammography services


Summary: Amends the Internal Revenue Code to allow: (1) increased depreciation of qualified noncommercial aircraft property placed in service in 2010 or 2011; and (2) a three-year recovery period for the depreciation of such property placed in service before 2015. Defines "qualified noncommercial aircraft property" as any aircraft that is not used in the trade or business of transporting persons or property and that is first used after 2009. Allows such increased depreciation as an offset against the alternative minimum tax.

amends internal revenue code allow increased depreciation qualified noncommercial aircraft property placed service year recovery period depreciation property placed service defines qualified noncommercial aircraft property aircraft trade business transporting persons property allows increased depreciation offset alternative minimum tax


Summary: Amends the Internal Revenue Code to allow decedent estates to base the value of qualified historic property on the net earnings of such property for estate and gift tax purposes. Defines "qualified historic property" as any building designated as a national historic landmark for at least 25 years prior to the death of a decedent and originally used for residential or farming purposes.

amends internal revenue code allow decedent estates base value qualified historic property net earnings property estate gift tax purposes defines qualified historic property building designated national historic years prior death decedent originally residential farming purposes


Summary: Small Business Penalty Relief Act of 2009 - Amends the Internal Revenue Code to limit the penalty for failure to disclose a reportable transaction (a transaction determined by the Internal Revenue Service (IRS) as having a potential for tax avoidance or evasion) to 75% of the decrease in tax resulting from such transaction. Sets forth a maximum penalty for failure to report a reportable transaction and a minimum and maximum penalty for failure to report a listed transaction (a transaction specifically identified by the IRS as a tax avoidance transaction). Requires the Commissioner of Internal Revenue to report by June 1, 2010, and then annually, to Congress on penalties relating to tax shelters and reportable transactions.

small business penalty relief act amends internal revenue code limit penalty failure disclose reportable transaction transaction determined internal_revenue_service irs having potential tax avoidance evasion decrease tax resulting transaction sets forth maximum penalty failure report reportable transaction minimum maximum penalty failure report listed transaction transaction specifically identified irs tax avoidance transaction requires commissioner internal_revenue report june annually congress penalties relating tax shelters reportable transactions


Summary: Amends the Internal Revenue Code to: (1) establish a permanent estate tax exclusion of $3.5 million ($7 million for married couples filing joint tax returns) and a maximum 45% tax rate for decedents dying, generation-skipping transfers, and gifts made, after December 31, 2009; (2) allow an annual inflation adjustment to the exclusion amount after 2010; and (3) allow a surviving spouse an increase in the estate tax exclusion by the unused exclusion amount of a deceased spouse. Expresses the sense of the Senate that any reduction in federal revenues resulting from this Act should be fully offset.

amends internal revenue code establish permanent estate tax exclusion million million married couples filing joint tax returns maximum tax rate decedents dying generation skipping transfers gifts december allow annual inflation adjustment exclusion allow surviving spouse increase estate tax exclusion unused exclusion deceased spouse expresses sense senate reduction federal revenues resulting act fully offset


Summary: Amends the Internal Revenue Code to: (1) increase the tax deduction for charitable contributions of qualified wild game meat by the processing fees paid with respect to such contributions; and (2) exclude from the gross income of meat processors processing fees paid by a charitable organization for the processing of donated wild game meat. Defines "qualified wild game meat" as the meat of any animal typically used for human consumption if: (1) such animal is killed in the wild by the individual making the charitable contribution; and (2) the meat is apparently wholesome and processed in accordance with applicable laws.

amends internal revenue code increase tax deduction charitable contributions qualified wild game meat processing fees paid respect contributions exclude gross income meat processors processing fees paid charitable organization processing donated wild game meat defines qualified wild game meat meat animal typically human consumption animal killed wild individual making charitable contribution meat apparently wholesome processed accordance applicable laws


Summary: Amends the Internal Revenue Code, with respect to the tax credit for nonbusiness energy property expenditures, to include labor costs paid to prepare, assemble, or install any residential energy efficiency improvements eligible for such credit.

amends internal revenue code respect tax credit nonbusiness energy property expenditures include labor costs paid prepare assemble install residential energy efficiency improvements eligible credit


Summary: S Corporation Inventory Contribution Act of 2009 - Amends the Internal Revenue Code to extend the tax deduction for charitable contributions of inventory to S corporations. Limits the amount of such deduction for corporations other than C corporations to 10% of aggregate net income.

corporation inventory contribution act amends internal revenue code extend tax deduction charitable contributions inventory corporations limits deduction corporations corporations aggregate net income


Summary: Amends the Internal Revenue Code to: (1) deny a tax deduction for expenses relating to direct-to-consumer advertising in any media for the sale and use of prescription pharmaceuticals; and (2) allow a tax deduction for fees, up to $500, for the participation of a child who is a dependent of a taxpayer in any organization that promotes or provides for the physical activity of children.

amends internal revenue code deny tax deduction expenses relating direct consumer advertising media sale use prescription pharmaceuticals allow tax deduction fees participation child dependent taxpayer organization promotes provides physical activity children


Summary: Taxpayer Responsibility, Accountability and Consistency Act of 2009 - Amends the Internal Revenue Code to: (1) require reporting to the Internal Revenue Service (IRS) of payments (including payments of amounts in consideration for property or of gross proceeds) of $600 or more made by or to corporations (other than tax-exempt organizations); (2) set forth safe harbor criteria and rules relating to the treatment of workers as employees or independent contractors; and (3) increase penalties for failure to file correct tax return information or comply with other information reporting requirements. Requires the Secretary of the Treasury to issue an annual report on worker misclassification.

accountability consistency act amends internal revenue code require reporting internal_revenue_service irs payments including payments amounts consideration property gross proceeds corporations tax exempt organizations set forth safe harbor criteria rules relating treatment workers employees independent contractors increase penalties failure file correct tax return information comply information reporting requirements requires secretary treasury issue annual report worker misclassification


Summary: Amends the Internal Revenue Code to increase from 50 to 80% the percentage of meals and entertainment expenses that may be claimed as a business tax deduction.

amends internal revenue code increase percentage meals entertainment expenses claimed business tax deduction


Summary: Suspends limitations on the tax deduction for charitable contributions made by individuals and corporations, including contributions for relief efforts related to the earthquake in Haiti and cash contributions in 2010 to specified public charities. Amends the Internal Revenue Code to extend through 2010 the tax deduction for charitable contributions of food inventory from any trade or business (including corporations other than C corporations).

suspends limitations tax deduction charitable contributions individuals corporations including contributions relief efforts related earthquake haiti cash contributions specified public charities amends internal revenue code extend tax deduction charitable contributions food inventory trade business including corporations corporations


Summary: Fire Sprinkler Incentive Act of 2010 - Amends the Internal Revenue Code to classify automatic fire sprinkler systems as five-year depreciable property. Makes this Act applicable to property placed in service after April 11, 2003.

fire sprinkler incentive act amends internal revenue code classify automatic fire sprinkler systems year depreciable property makes act applicable property placed service april


Summary: Wall Street Bonus Tax Act - Amends the Internal Revenue Code to: (1) impose a tax on current or former employees of recipients of financial assistance under the Trouble Asset Relief Program (TARP) for 50% of any bonus exceeding $25,000 paid to them during 2010; and (2) establish in the Treasury the Small Business Growth Fund to hold revenues from such tax. Requires the Administrator of the Small Business Administration (SBA) to establish and carry out a program to make loans directly to small business concerns. Makes amounts from such Fund available to carry out such program.

impose tax current employees recipients financial assistance asset relief program tarp bonus exceeding paid establish treasury hold revenues tax requires administrator small_business_administration sba establish carry program loans directly small business concerns makes amounts fund available carry program


Summary: Bipartisan Tax Fairness and Simplification Act of 2010 - Declares as the purposes of this Act to: (1) make the federal individual income tax system simpler, fairer, and more transparent; (2) reduce the income tax rate on corporations, repeal the individual and corporate alternative minimum tax (AMT), and eliminate special tax preferences; and (3) reduce the federal budget deficit. Amends the Internal Revenue Code to: (1) reduce the number of tax brackets for individual taxpayers from six to three (i.e., 15, 25, and 35%); (2) increase the standard tax deduction; (3) eliminate miscellaneous itemized tax deductions after 2010; (4) exclude from gross income 35% of certain dividend income and gain on capital assets; (5) repeal the AMT for individuals; (6) allow a new tax credit for interest on state and local bonds; (7) revise rules for tax-exempt retirement plans and education tax credits and create tax-exempt Lifetime Savings Accounts; and (8) deny a tax deduction for punitive damages. Makes permanent specified provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 that: (1) increased the earned income, dependent care, and child tax credits; and (2) repealed limits on personal exemptions and itemized tax deductions. Requires the Internal Revenue Service (IRS), beginning on January 1, 2011, to provide taxpayers a simplified Easyfile pre-prepared income tax return and a one-page summary of federal spending on Social Security, Medicare, Medicaid, defense, and interest on the federal debt. Revises corporate and business-related taxation by: (1) imposing a flat 24% rate on the taxable income of corporations; (2) increasing the expensing allowance for depreciable assets; (3) repealing deferral of taxes on foreign income; and (4) requiring 30% withholding of certain payments to beneficiaries of foreign accounts. Directs the Congressional Budget Office (CBO) to identify and report to Congress on federal direct and indirect spending on businesses. Increases penalties for noncompliance with information reporting requirements. Sets forth rules and definitions for applying the economic substance doctrine to tax transactions. Imposes penalties for underpayments of tax due to transactions lacking in economic substance. Imposes a tax on Internet gambling.

simplification act declares purposes act federal individual income tax system simpler transparent reduce income tax rate corporations repeal individual corporate alternative minimum tax amt eliminate special tax preferences reduce federal budget deficit amends internal revenue code reduce number tax brackets individual taxpayers increase standard tax deduction eliminate miscellaneous itemized tax deductions exclude gross income certain dividend income gain capital assets repeal amt individuals allow new tax credit interest state local bonds revise rules tax exempt retirement plans education tax credits create tax exempt deny tax deduction punitive damages makes permanent specified provisions economic_growth_and_tax_relief_reconciliation_act increased earned income dependent care child tax credits repealed limits personal exemptions itemized tax deductions requires internal_revenue_service irs beginning january provide taxpayers simplified pre prepared income tax return page summary federal spending social_security medicare medicaid defense interest federal debt revises corporate business related taxation imposing flat rate taxable income corporations increasing expensing allowance depreciable assets repealing deferral taxes foreign income requiring withholding certain payments beneficiaries foreign accounts directs congressional_budget_office cbo identify report congress federal direct indirect spending businesses increases penalties noncompliance information reporting requirements sets forth rules definitions applying economic substance doctrine tax transactions imposes penalties underpayments tax transactions lacking economic substance imposes tax internet gambling


Summary: Tax Code Termination Act - Terminates the Internal Revenue Code of 1986 for taxable years beginning after 2013, except provisions of such Code relating to social security taxation (i.e., taxes on wage, self-employment, and railroad retirement income). Establishes within the legislative branch a National Commission on Tax Reform and Simplification. Directs the Commission to: (1) review the Internal Revenue Code of 1986 and its impact on the economy, families, and the workforce: (2) determine whether the current income tax system should be replaced with a flat tax, a national sales tax, or another system, or can be simplified; and (3) submit a report to Congress on the results of its review, with recommendations for fundamental reform and simplification of the Code. Requires congressional approval of a new federal tax system no later than July 4, 2013, or a vote of Congress to reauthorize the Internal Revenue Code of 1986.

tax code termination act terminates internal revenue code taxable years beginning provisions code relating social security taxation taxes wage self employment railroad retirement income establishes legislative branch directs commission review internal revenue code impact economy families workforce determine current income tax system replaced flat tax national sales tax system simplified submit report congress results review recommendations fundamental reform simplification code requires congressional approval new federal tax system later july vote congress reauthorize internal revenue code


Summary: American Renewable Biomass Heating Act of 2010 - Amends the Internal Revenue Code to allow a 30% energy tax credit for investment in biomass heating property placed in service before January 1, 2014.

american renewable biomass heating act amends internal revenue code allow energy tax credit investment biomass heating property placed service january


Summary: Reinvesting in U.S. Territories, Not Corporations Act - Amends the Internal Revenue Code to reduce the amount of distilled spirits excise tax revenue returned (covered over) to the treasuries of Puerto Rico or the Virgin Islands by the amount of any unreasonable and excessive rum subsidy paid or incurred by either jurisdiction in an applicable calendar year. Defines "unreasonable and excessive rum subsidy" as the excess, if any, of the aggregate amount of direct and indirect government assistance paid to producers of distilled spirits in Puerto Rico or the Virginia Islands over 10% of the amounts covered over into the treasuries of such jurisdictions in a calendar year.

reinvesting territories corporations act amends internal revenue code reduce distilled spirits excise tax revenue returned covered treasuries puerto_rico virgin_islands unreasonable excessive subsidy paid incurred jurisdiction applicable calendar year defines unreasonable excessive subsidy excess aggregate direct indirect government assistance paid producers distilled spirits puerto_rico amounts covered treasuries jurisdictions calendar year


Summary: Amends the Internal Revenue Code to allow a 30% energy tax credit for qualified energy efficiency property. Defines "qualified energy efficiency property" as property which: (1) is residential rental property, nonresidential real property, or mixed use real property; (2) is a qualified building as defined by this Act; and (3) achieves a specified energy savings. Amends the American Recovery and Reinvestment Act to allow grants for investment in qualified energy efficiency property in lieu of tax credits.

amends internal revenue code allow energy tax credit qualified energy efficiency property defines qualified energy efficiency property property residential rental property nonresidential real property mixed use real property qualified building defined act achieves specified energy savings amends american_recovery_and_reinvestment_act allow grants investment qualified energy efficiency property lieu tax credits


Summary: Foreign-Held Debt Transparency and Threat Assessment Act - Expresses the sense of Congress about the growing federal debt of the United States, the increasing U.S. dependence on foreign creditors like its largest foreign creditor, the People's Republic of China, whose holdings could give China a tool with which to manipulate U.S. policymaking (including with respect to Taiwan) and pose a direct threat to the national economy and national security. Directs the President to report quarterly to certain congressional committees on the risks posed by foreign holdings of U.S. debt instruments, and make such report public on the Internet. Directs the Comptroller General to report annually to certain congressional committees on such risks. Directs the President to formulate, report to the appropriate congressional committees, and implement a plan of action to reduce an unsustainable level of risk to an acceptable and sustainable level, in a manner that results in a reduction in federal spending, in any case in which the President or the Comptroller General makes specified determinations that a foreign country's holdings of U.S. debt instruments pose an unacceptable risk to long-term national security or economic stability, or that the levels of risk posed by the federal debt are unsustainable.

foreign held debt transparency threat assessment act expresses sense congress growing federal debt united_states increasing dependence foreign creditors like largest foreign creditor holdings china tool policymaking including respect taiwan pose direct threat national economy national security directs president report quarterly certain congressional committees risks posed foreign holdings debt instruments report public internet directs comptroller general report annually certain congressional committees risks directs president formulate report appropriate congressional committees implement plan action reduce unsustainable level risk acceptable sustainable level manner results reduction federal spending case president comptroller_general makes specified determinations foreign country holdings debt instruments pose unacceptable risk long term national security economic stability levels risk posed federal debt unsustainable


Summary: Smuggled Tobacco Prevention Act of 2010 or the STOP Act - Amends the Internal Revenue Code to restrict the sale, lease, importation, or delivery of tobacco production machines to persons lawfully engaged in: (1) the sale, lease, or delivery of such machines; (2) the manufacture or processing of tobacco products, including for personal use; or (3) the application of unique identification markings onto tobacco product packages. Defines "tobacco production machine" as a machine used to manufacture, process, or package tobacco products or to apply unique identification markings to packages of tobacco products. Requires any person leasing, importing, exporting, or delivering a tobacco production machine to keep records relating to any transfers or deliveries of such machines. Requires manufacturers and importers of tobacco products to affix a unique identification marking to each package of tobacco products prior to sale or distribution of such products. Directs the Secretary of the Treasury to design a system of unique identification markings that does not interfere with state and local tax stamps and markings. Requires wholesalers of tobacco products to obtain permits for selling or exporting tobacco products. Establishes new criminal offenses relating to the distribution of tobacco products. Increases the civil penalty for tobacco-related infractions from $1,000 to $10,000. Establishes in the Treasury the Anti-Contraband Tobacco Trafficking Fund to finance the enforcement provisions of this Act and other laws relating to contraband or illegal tobacco products using the increased civil and criminal fines provided by this Act. Amends the Tariff Act of 1930 to impose a civil penalty for the importation of tobacco products and cigarette papers and tubes by fraudulent means.

smuggled tobacco prevention act stop act amends internal revenue code restrict sale lease importation delivery tobacco production machines persons lawfully engaged sale lease delivery machines manufacture processing tobacco products including personal use application unique identification markings tobacco product packages defines tobacco production machine machine manufacture process package tobacco products apply unique identification markings packages tobacco products requires person leasing importing exporting delivering tobacco production machine records relating transfers deliveries machines requires manufacturers importers tobacco products affix unique identification marking package tobacco products prior sale distribution products directs secretary treasury design system unique identification markings interfere state local tax stamps markings requires wholesalers tobacco products obtain permits selling exporting tobacco products establishes new criminal offenses relating distribution tobacco products increases civil penalty tobacco related establishes treasury finance enforcement provisions act laws relating contraband illegal tobacco products increased civil criminal fines provided act amends tariff act impose civil penalty importation tobacco products cigarette papers tubes fraudulent means


Summary: Advanced Biofuel Investment Act of 2010 - Amends the Internal Revenue Code to allow a 30% energy tax credit for investment in qualified advanced biofuel production property. Defines "qualified advanced biofuel production property" as property used exclusively to produce advanced biofuels for sale to unrelated persons. Terminates such credit after 2014. Amends the American Recovery and Reinvestment Tax Act of 2009 to allow investors in advanced biofuel production property a grant in lieu of a tax credit for investment in such property. Requires grant recipients to reinvest in advanced biofuel production property within 12 months after receipt of a grant payment.

advanced biofuel investment act amends internal revenue code allow energy tax credit investment qualified advanced biofuel production property defines qualified advanced biofuel production property property exclusively produce advanced biofuels sale unrelated persons terminates credit amends american_recovery_and_reinvestment_tax_act allow investors advanced biofuel production property grant lieu tax credit investment property requires grant recipients reinvest advanced biofuel production property months receipt grant payment


Summary: Amends the Internal Revenue Code to reduce the rate of the excise tax on beer produced within or imported into the United States for brewers who produce not more than 6 million barrels of beer a year.

amends internal revenue code reduce rate excise tax beer produced imported united_states brewers produce million barrels beer year


Summary: Restoring Ecosystem Sustainability and Protection on the Delta Act - Amends the Gulf of Mexico Energy Security Act of 2006 to accelerate from FY2017 to FY2010 the allocation of certain Gulf of Mexico oil and gas lease revenues from covered leases among the affected states (thus increasing each state's share). Declares that the historical lease sites in the 2002-2007 planning area shall include all leases entered into by the Secretary of Energy for an area in the Gulf of Mexico between October 1, 1982 (or an earlier date if practicable) and December 31, 2015.

restoring ecosystem sustainability protection delta act amends gulf_of_mexico_energy_security_act accelerate fy2017 fy2010 allocation certain gulf_of_mexico oil gas lease revenues covered leases affected states increasing state share declares historical lease sites planning area shall include leases entered secretary energy area gulf_of_mexico october earlier date practicable december


Summary: Veto Wasteful Spending and Protect Taxpayers Act of 2010 - Amends the Congressional Budget and Impoundment Control Act of 1974 to authorize the President to suspend and propose for cancellation (line item veto) any dollar amount of discretionary budget authority, item of new direct spending, or limited tax benefit. Prohibits such items from being proposed for suspension and cancellation more than once. Authorizes the President to transmit to Congress up to two special messages suspending and proposing the cancellation of items, including a draft bill that, if enacted would only cancel the items included. Requires the special message to include: (1) a determination, for every item, that such cancellation will reduce the federal budget deficit, not impair any essential government functions, and not harm the national interest; (2) any federal account, department, or establishment for which budget authority was to have been available for obligation and the specific project or governmental functions involved; (3) the specific states and congressional districts, if any, affected by the cancellation; and (4) the total number of cancellations imposed during the current session of Congress on such states and congressional districts. Sets forth procedures for expedited congressional consideration of a proposed cancellation.

veto wasteful spending protect taxpayers act amends congressional_budget impoundment control act authorize president suspend propose cancellation line item veto dollar discretionary budget authority item new direct spending limited tax benefit prohibits items proposed suspension cancellation authorizes president transmit congress special messages suspending proposing cancellation items including draft bill enacted cancel items included requires special message include determination item cancellation reduce federal budget deficit impair essential government functions harm national interest federal account department establishment budget authority available obligation specific project governmental functions involved specific states congressional districts affected cancellation total number cancellations imposed current session congress states congressional districts sets forth procedures expedited congressional consideration proposed cancellation


Summary: Small Business Tax Equalization and Compliance Act of 2010 - Amends the Internal Revenue Code to extend the tax credit for social security taxes paid for employee cash tips to employers of cosmetologists. Requires employers of cosmetologists to report income and tips of their cosmetologist employees and to provide income and tip information to self-employed cosmetologists to whom they pay more than $600 in the taxable year. Imposes similar reporting requirements upon individuals who rent chairs to cosmetologists. Requires such employers to provide their cosmetologist employees and self-employed cosmetologists with information on the tax and tip reporting obligations of employees and self-employed individuals.

small_business_tax_equalization compliance act amends internal revenue code extend tax credit social security taxes paid employee cash tips employers cosmetologists requires employers cosmetologists report income tips cosmetologist employees provide income tip information self employed cosmetologists pay taxable year imposes similar reporting requirements individuals rent chairs cosmetologists requires employers provide cosmetologist employees self employed cosmetologists information tax tip reporting obligations employees self employed individuals


Summary: Bonus Depreciation Extension to Create Jobs Act - Amends the Internal Revenue Code to extend through 2011 the additional 50% depreciation allowance for investment property, including computer software, water utility property, and qualified leasehold improvement property, which has a recovery period of 20 years of less.

create jobs act amends internal revenue code extend additional depreciation allowance investment property including computer software water utility property qualified leasehold improvement property recovery period years


Summary: Responsible Estate Tax Act - Repeals provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) eliminating the tax on estates and generation-skipping transfers and the step-up in basis provisions for property acquired from a decedent for estates of decedents dying after 2009 (thus restoring prior law). Declares that the sunset provision (general terminating date of December 10, 2010) of EGTRRA shall not apply to title V of such Act ( Estate, Gift, and Generation-Skipping Transfer Tax Provisions). Amends the Internal Revenue Code to: (1) revise estate tax brackets for estates over $750,000 and impose a maximum tax rate of 55% on estates over $50 million; (2) impose a 10% surtax on estates over $500 million; (3) increase to $3 million the reduction in valuations of farmland for estate tax puposes; (4) increase to $2 million the maximum estate tax exclusion for contributions of conservation easements; (5) require executors of estates to file information returns and provide valuations and consistent basis information to persons acquiring property from decedents or by gift; (6) set forth estate valuation rules for certain transfers of nonbusiness assets and limit estate tax discounts for certain individuals with minority interests in a business acquired from a decedent; and (7) revise rules for valuing assets in grantor retained annuity trusts to require that the right to receive fixed amounts from an annuity last for a term of not less than 10 years, that such fixed amounts not decrease during the first 10 years of the annuity term, and that the remainder interest have a value greater than zero when transferred.

responsible estate tax act repeals provisions economic_growth_and_tax_relief_reconciliation_act egtrra eliminating tax estates generation skipping transfers step basis provisions property acquired decedent estates decedents dying restoring prior law declares sunset provision general terminating date december egtrra shall apply title act estate gift generation-skipping_transfer_tax_provisions amends internal revenue code revise estate tax brackets estates impose maximum tax rate estates million impose surtax estates million increase million reduction valuations farmland estate tax increase million maximum estate tax exclusion contributions conservation easements require executors estates file information returns provide valuations consistent basis information persons acquiring property decedents gift set forth estate valuation rules certain transfers nonbusiness assets limit estate tax discounts certain individuals minority interests business acquired decedent revise rules valuing assets grantor retained annuity trusts require right receive fixed amounts annuity term years fixed amounts decrease years annuity term remainder interest value greater zero transferred


Summary: Protecting Gun Owners in Bankruptcy Act of 2010 - Amends federal bankruptcy law to permit an individual debtor to exempt from the property of the estate in bankruptcy the debtor's aggregate interest, not to exceed $3,000, in a single rifle, shotgun, or pistol or any combination of them. Declares the date of enactment as the effective date of this Act.

protecting gun owners bankruptcy act amends federal bankruptcy law permit individual debtor exempt property estate bankruptcy debtor aggregate interest exceed single rifle shotgun pistol combination declares date enactment effective date act


Summary: Family Farm Estate Tax Deferral Act of 2010 - Amends the Internal Revenue Code to: (1) exclude from the value of a decedent's gross estate farmland used by the decedent or a member of the decedent's family for farming purposes for periods aggregating five years or more during the eight-year period ending on the date of the decedent's death; (2) impose a recapture tax on an heir who disposes of such farmland after the decedent's death or who ceases to use such farmland for farming purposes; and (3) increase the limitation on the estate tax exclusion for land subject to a qualified conservation easement to $5 million and the percentage of the value of such land that is excludable.

amends internal revenue code exclude value decedent gross estate farmland decedent member decedent family farming purposes periods aggregating years year period ending date decedent death impose recapture tax heir disposes farmland decedent death ceases use farmland farming purposes increase limitation estate tax exclusion land subject qualified conservation easement million percentage value land excludable


Summary: Economic Growth and Jobs Protection Act of 2010 - Repeals the provision in the Health Care and Education Reconciliation Act of 2010 that provides for the inclusion of net investment income in the Medicare taxable base and imposes a 3.8% tax on such income, beginning in 2013.

economic growth jobs protection act repeals provision health_care_and_education reconciliation act provides inclusion net investment income medicare taxable base imposes tax income beginning


Summary: Mechanical Insulation Installation Incentive Act of 2010 - Amends the Internal Revenue Code to allow an additional tax deduction for the cost of installing mechanical insulation property. Limits the amount of such deduction to the lesser of 30% and the reduction in energy loss from the installed mechanical insulation property compared to property which meets the minimum requirements of American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) standard 90.1-2007. Allows a deduction for 30% of the cost of replacing such property. Defines "mechanical insulation property" as insulation materials, facings, and accessory products: (1) placed in service in connection with a mechanical system which is located in the United States and of a character subject to an allowance for depreciation; and (2) utilized for thermal, acoustical, and personnel safety requirements for mechanical piping and equipment, hot and cold applications, and heating, venting and air conditioning applications which can be used in a variety of facilities. Allows a tax deduction for capital expenditures related to mechanical insulation property.

mechanical insulation installation incentive act amends internal revenue code allow additional tax deduction cost installing mechanical insulation property limits deduction lesser reduction energy loss installed mechanical insulation property compared property meets minimum requirements standard allows deduction cost replacing property defines mechanical insulation property insulation materials accessory products placed service connection mechanical system located united_states character subject allowance depreciation utilized thermal personnel safety requirements mechanical piping equipment hot cold applications heating venting air conditioning applications variety facilities allows tax deduction capital expenditures related mechanical insulation property


Summary: Zimbabwe Sanctions Repeal Act of 2010 - Repeals the Zimbabwe Democracy and Economic Recovery Act of 2001. (The Zimbabwe Democracy and Economic Recovery Act of 2001 prohibits U.S. support through international financial institutions for debt relief and other economic development aid to Zimbabwe until certain conditions to restore democracy and the rule of law are met.)

zimbabwe sanctions repeal act repeals zimbabwe democracy economic recovery act zimbabwe democracy economic recovery act prohibits support international financial institutions debt relief economic development aid zimbabwe certain conditions restore democracy rule law met


Summary: Information Reporting Modernization Act of 2010 - Amends the Internal Revenue Code to increase from $600 to $5,000 the threshold amount for reporting to the Internal Revenue Service (IRS) payments made to corporations. Adjusts such increased amount for inflation, beginning after 2012. Requires the Secretary of the Treasury, with respect to tax returns filed in calendar years after 2011, to: (1) upgrade IRS scanning technology to allow for the submission of generic 1099-MISC forms downloaded from the IRS website; and (2) establish a free online entry and submission mechanism.

information reporting modernization act amends internal revenue code increase threshold reporting internal_revenue_service irs payments corporations adjusts increased inflation beginning requires secretary treasury respect tax returns filed calendar years upgrade irs scanning technology allow submission generic forms downloaded irs website establish free online entry submission mechanism


Summary: Fair Playing Field Act of 2010 - Amends the Internal Revenue Code, with respect to the classification of workers for employment tax purposes, to: (1) repeal the prohibition against issuance of regulations and guidance by the Secretary of the Treasury on workers' employment tax status (i.e., as an employee or as an independent contractor) enacted by the Revenue Act of 1978; (2) direct the Secretary to issue regulations and other guidance to clarify the proper employment status of workers for employment tax purposes; (3) prohibit a retroactive assessment of employment tax, except with respect to certain skilled workers, for tax periods after December 31, 1978, and before a specified reclassification date for worker misclassifications, unless the taxpayer had no reasonable basis for not treating a worker as an employee; (4) require taxpayers who hire independent contractors on a regular and ongoing basis to provide such contractors with notice of their federal tax obligations, the labor and employment law protections that do not apply to them, and their right to seek a status determination from the Internal Revenue Service (IRS); and (5) eliminate reduced penalty provisions for failure to withhold income taxes for taxpayers who lack a reasonable basis for treating a worker as other than an employee (i.e., as an independent contractor).

fair playing field act amends internal revenue code respect classification workers employment tax purposes repeal prohibition issuance regulations guidance secretary treasury workers employment tax status employee independent contractor enacted revenue act direct secretary issue regulations guidance clarify proper employment status workers employment tax purposes prohibit retroactive assessment employment tax respect certain skilled workers tax periods december specified reclassification date worker misclassifications taxpayer reasonable basis treating worker employee require taxpayers hire independent contractors regular ongoing basis provide contractors notice federal tax obligations labor employment law protections apply right seek status determination internal_revenue_service irs eliminate reduced penalty provisions failure withhold income taxes taxpayers lack reasonable basis treating worker employee independent contractor


Summary: Job Creation and Tax Cuts Act of 2010 - Amends the Internal Revenue Code to extend expiring tax expenditure provisions relating to infrastructure financing, energy, individuals, housing, businesses, health care, and disaster relief. Requires a report to Congress on each tax expenditure extended by this Act. Makes technical corrections and other amendments to laws relating to pension funding. Sets forth tax rules for the treatment of partnership interests transferred in connection with the performance of services. Treats as ordinary income or loss net income or loss from an investment services partnership interest. Extends through 2020 the Oil Spill Liability Trust Fund financing rate and increases such rate to 78 cents a barrel. Increases from $1 billion to $5 billion the per incident limitation on expenditures from such Trust Fund. Denies a tax deduction for the payment of punitive damages. Includes in taxpayer gross income punitive damages paid by an insurer. Amends the Public Health Service Act, the Social Security Act, and other statutes relating to health care assistance to individuals. Provides additional funding for: (1) grants to states for youth activities, including summer employment; and (2) the Housing Trust Fund for low-income housing programs. Individual Indian Money Account Litigation Settlement Act of 2010 - Authorizes, ratifies, and confirms the Class Action Settlement Agreement dated December 7, 2009, in the case entitled Elouise Cobell et al. v. Ken Salazar. Establishes in the Treasury the Trust Land Consolidation Fund and the Indian Education Scholarship Holding Fund to carry out terms of the Settlement Agreement. Appropriates funds to the Department of Agriculture to carry out the terms of a settlement agreement to resolve claims raised in the cases consolidated in In re Black Farmers Discrimination Litigation, including Pigford claims (relating to a racial discrimination action against the Department of Agriculture). Amends the Surface Transportation Extension Act of 2010 to authorize expenditures from the Highway Trust Fund for allocations of infrastructure funding to states. Amends the Harmonized Tariff Schedule of the United States to extend through 2013 duty suspensions on certain cotton fabrics. Authorizes transfers from the Treasury to restore payment levels from the Wool Apparel Manufacturers Trust Fund. Trade Adjustment Assistance Extension Act of 2010 - Amends the Trade and Globalization Adjustment Assistance Act of 2009 to extend through 2012 trade adjustment assistance programs. Extends through FY2011, and makes appropriations for, activities authorized by part A of title IV (Temporary Assistance to Needy Families) (TANF) of the Social Security Act (SSA), other than the Emergency Contingency Fund for State Temporary Assistance for Needy Families Programs, in the manner authorized for FY2010, subject to the amendments made by this Act. Increases and extends through FY2011 grant funding to state courts to assess and improve handling of proceedings relating to foster care and adoption. Amends Internal Revenue Code provisions relating to unemployment compensation program integrity. Extends: (1) through December 31, 2019, fees for customs services in connection with processing of merchandise; and (2) through September 30, 2019, fees for custom services in connection with commercial vehicles. Foreign-Held Debt Transparency and Threat Assessment Act - Requires: (1) the President to report to Congress quarterly on the risks posed by foreign holdings of debt instruments of the United States; (2) the Secretary of the Treasury to report annually on such risks; and (3) the Comptroller General to report annually on risks to the United States posed by the federal debt. Requires the President to formulate and implement a plan of action to reduce the risk posed by foreign holdings of debt instruments to U.S. long-term national security or economic stability. Establishes in the Department of the Treasury the Office of the Homeowner Advocate to assist homeowners, housing counselors, and housing lawyers in resolving problems with the Home Affordable Modification Program. Provides for compliance of the budgetary effects of this Act with the Statutory Pay-As-You-Go Act of 2010.

job creation tax cuts act amends internal revenue code extend expiring tax expenditure provisions relating infrastructure financing energy individuals housing businesses health care disaster relief requires report congress tax expenditure extended act makes technical corrections amendments laws relating pension funding sets forth tax rules treatment partnership interests transferred connection performance services treats ordinary income loss net income loss investment services partnership interest extends oil_spill_liability_trust_fund financing rate increases rate cents barrel increases billion billion incident limitation expenditures trust fund denies tax deduction payment punitive damages includes taxpayer gross income punitive damages paid insurer amends public_health_service_act social security act statutes relating health care assistance individuals provides additional funding grants states youth activities including summer employment housing_trust_fund low income housing programs individual authorizes ratifies confirms class action settlement agreement dated december case entitled establishes treasury trust land consolidation fund carry terms settlement agreement appropriates funds department_of_agriculture carry terms settlement agreement resolve claims raised cases consolidated including claims relating racial discrimination action department_of_agriculture amends authorize expenditures highway_trust_fund allocations infrastructure funding states amends harmonized_tariff schedule united_states extend duty suspensions certain cotton fabrics authorizes transfers treasury restore payment levels wool apparel manufacturers trust fund trade adjustment assistance extension act amends trade adjustment assistance act extend trade adjustment assistance programs extends fy2011 makes appropriations activities authorized title temporary assistance needy families tanf social security act ssa emergency contingency fund state temporary assistance needy families programs manner authorized fy2010 subject amendments act increases extends fy2011 grant funding state courts assess improve handling proceedings relating foster care adoption provisions relating unemployment compensation program integrity extends december fees customs services connection processing merchandise september fees custom services connection commercial vehicles foreign held debt transparency threat assessment act requires president report congress quarterly risks posed foreign holdings debt instruments united_states secretary treasury report annually risks comptroller general report annually risks united_states posed federal debt requires president formulate implement plan action reduce risk posed foreign holdings debt instruments long term national security economic stability establishes assist homeowners housing counselors housing lawyers resolving problems home_affordable_modification_program provides compliance budgetary effects act statutory pay act


Summary: Taxpayer Advocacy and Government Accountability Promotion Act of 2010 or the TAX GAP Act of 2010 - Amends the Internal Revenue Code to: (1) extend requirements for the reporting of payments to governmental units; (2) require information reporting of rental income from real estate; (3) require additional information on tax returns relating to mortgage interest; (4) expand information reporting requirements for bank accounts, non-interest bearing deposits, and electronic filings by paid tax preparers; (5) impose a continuous levy on federal contractors for tax liabilities and on payments made to Medicaid providers or suppliers; and (6) increase penalties for failure to file correct information returns, failure to file correct payee statements, and for intentional disregard of information reporting requirements. Directs the Secretary of the Treasury to: (1) revise Schedule C of tax form 1040 (self-employment income) to require reporting of additional gross receipts and expense information by sole proprietors; and (2) report to Congress on efforts to improve voluntary compliance by sole proprietors. Authorizes the Secretary to make an apology payment to a taxpayer for any action or inaction by the Internal Revenue Service (IRS) that has caused the taxpayer excess expense or undue burden. Excludes the amount of any such apology payment from taxpayer gross income. Requires the Secretary to submit to Congress: (1) a study of whether the IRS has sufficient capacity to incorporate expanded information reporting requirements; (2) a report on taxpayer assistance and tax simplification; (3) a study to quantify the effect of tax penalties; (4) comprehensive and detailed reports on a strategy for reducing the tax gap; (5) a study on revenue increases and costs with respect to tax gap legislation; and (6) reports on worker misclassification (e.g., employees classified as independent contractors).

taxpayer advocacy government accountability promotion act tax gap act amends internal revenue code extend requirements reporting payments governmental units require information reporting rental income real estate require additional information tax returns relating mortgage interest expand information reporting requirements bank accounts non interest bearing deposits electronic filings paid tax preparers impose continuous levy federal contractors tax liabilities payments medicaid providers suppliers increase penalties failure file correct information returns failure file correct payee statements intentional disregard information reporting requirements directs secretary treasury revise schedule tax form self employment income require reporting additional gross receipts expense information sole proprietors report congress efforts improve voluntary compliance sole proprietors authorizes secretary payment taxpayer action inaction internal_revenue_service irs caused taxpayer excess expense undue burden excludes payment taxpayer gross income requires secretary submit congress study irs sufficient capacity incorporate expanded information reporting requirements report taxpayer assistance tax simplification study quantify effect tax penalties comprehensive detailed reports strategy reducing tax gap study revenue increases costs respect tax gap legislation reports worker misclassification employees classified independent contractors


Summary: Volunteer Income Tax Assistance (VITA) Act of 2010 - Directs the Secretary of the Treasury, through the Internal Revenue Service (IRS), to establish a Community Volunteer Income Tax Assistance Matching Grant Program (VITA grant program) for the development, expansion, or continuation of volunteer tax preparation programs to assist low-income taxpayers and members of underserved populations. Establishes the National Center to Promote Quality, Excellence, and Evaluation in Volunteer Income Tax Assistance. Requires such Center to: (1) promote the adoption of a universally accessible volunteer training platform for the preparation of federal income tax returns; (2) provide technical assistance to tax return preparation program managers; (3) identify and disseminate best practices related to tax site management; (4) support outreach and marketing efforts; and (5) provide evaluation of programs and activities funded under this Act.

vita act directs secretary treasury internal_revenue_service irs establish community volunteer income tax assistance matching grant program vita grant program development expansion continuation volunteer tax preparation programs assist low income taxpayers members underserved populations establishes national_center_to_promote_quality excellence evaluation volunteer income tax assistance requires center promote adoption universally accessible volunteer training platform preparation federal income tax returns provide technical assistance tax return preparation program managers identify disseminate best practices related tax site management support outreach marketing efforts provide evaluation programs activities funded act


Summary: Wrongful Convictions Tax Relief Act of 2010 - Amends the Internal Revenue Code to allow wrongfully incarcerated individuals: (1) an exclusion from gross income for compensation received relating to their incarceration and for the first $50,000 of annual income received by such an individual after December 31, 2009; and (2) a refundable tax credit for 50% of payroll taxes on employment and self-employment income, up to $50,000 of such income. Limits the duration of such tax benefits to the lesser of 15 years or the number of years such an individual was incarcerated. Defines "wrongfully incarcerated individual" as an individual who was convicted of a criminal offense and was then pardoned or found not guilty of such offense because of innocence after serving all or a portion of a prison term. Disqualifies individuals with prior convictions punishable by more than one year of imprisonment.

wrongful convictions tax relief act amends internal revenue code allow wrongfully incarcerated individuals exclusion gross income compensation received relating incarceration annual income received individual december refundable tax credit payroll taxes employment self employment income income limits duration tax benefits lesser years number years individual incarcerated defines wrongfully incarcerated individual individual convicted criminal offense found guilty offense innocence serving portion prison term disqualifies individuals prior convictions punishable year imprisonment


Summary: Advanced Energy Tax Incentives Act of 2010 - Amends the Internal Revenue Code to: (1) increase and extend the tax credit for new energy efficient homes; (2) increase the rate of the tax deduction for energy efficient commercial buildings; and (3) increase capacity limitations for purposes of the energy tax credit for combined heat and power system property. Allows: (1) a new tax credit for the cost of home energy ratings; (2) a business-related tax credit for the training and certification costs of home energy performance auditors and for motor energy efficiency improvements; (3) a 50% tax credit for performance-based home energy improvements; (4) a tax credit for investment in a qualifying efficient industrial process water use project; (5) a new tax credit for chlorofluorocarbon (CFC) chiller replacement; (6) accelerated depreciation for certain alternative energy property and natural gas distribution facilities; and (7) a new tax credit for the cost of an idling reduction device installed on a heavy-duty diesel-powered on-highway vehicle. Increases the limitation on allocations for the qualifying advanced energy project tax credit. Allows a tax credit for investment in a qualifying industrial energy efficiency project (a project that reduces energy inputs for a given level of production by capital expenditures). Allows: (1) a 20% energy tax credit for investment in energy storage property directly connected to the power grid: (2) financing of such property with new clean renewable energy bonds; (3) a 30% energy tax credit for investment in qualified onsite energy storage property; and (4) a 30% nonbusiness energy property tax credit for qualified residential energy storage equipment. Extends through 2012 the tax credit for producing electricity from offshore wind facilities. Increases and expands the tax credit for carbon dioxide sequestration. Modifies the definition of "cellulosic biofuel" for purposes of the cellulosic biofuel producer tax credit and the special depreciation allowance to mean any liquid fuel that is derived solely from qualified feedstocks (defined as any lignocellulosic or hemicellulosic matter that is available on a renewable or recurring basis and any cultivated algae, cyanobacteria, or lemna).

amends internal revenue code increase extend tax credit new energy efficient homes increase rate tax deduction energy efficient commercial buildings increase capacity limitations purposes energy tax credit combined heat power system property allows new tax credit cost home energy ratings business related tax credit training certification costs home energy performance auditors motor energy efficiency improvements tax credit performance based home energy improvements tax credit investment qualifying efficient industrial process water use project new tax credit cfc replacement accelerated depreciation certain alternative energy property natural gas distribution facilities new tax credit cost idling reduction device installed heavy duty diesel powered highway vehicle increases limitation allocations qualifying advanced energy project tax credit allows tax credit investment qualifying industrial energy efficiency project project reduces energy inputs given level production capital expenditures allows energy tax credit investment energy storage property directly connected power grid financing property new clean renewable energy bonds energy tax credit investment qualified onsite energy storage property nonbusiness energy property tax credit qualified residential energy storage equipment extends tax credit producing electricity offshore wind facilities increases expands tax credit carbon dioxide sequestration modifies definition cellulosic biofuel purposes cellulosic biofuel producer tax credit special depreciation allowance mean liquid fuel derived solely qualified feedstocks defined lignocellulosic hemicellulosic matter available renewable recurring basis cultivated algae cyanobacteria lemna


Summary: Tax Relief Certainty Act - Eliminates the terminating date of the Economic Growth and Tax Relief Reconciliation Act of 2001, thus making the provisions of such Act permanent. Terminates after December 31, 2011, provisions of the Patient Protection and Affordable Care Act increasing tax benefits for adoption. Eliminates the terminating date of the Jobs and Growth Tax Relief Reconciliation Act of 2003 applicable to provisions reducing tax rates on dividends and capital gains. Amends the Internal Revenue Code to: (1) phase-in between 2010 through 2020 increases in the exemption amount for the alternative minimum tax (AMT); and (2) make permanent offsets against the AMT for certain nonrefundable tax credits.

tax relief certainty act eliminates terminating date economic_growth_and_tax_relief_reconciliation_act making provisions act permanent terminates december provisions patient_protection affordable care act increasing tax benefits adoption eliminates terminating date jobs_and_growth_tax_relief_reconciliation_act applicable provisions reducing tax rates dividends capital gains amends internal revenue code phase increases exemption alternative minimum tax amt permanent offsets amt certain nonrefundable tax credits


Summary: Emergency Senior Citizens Relief Act of 2010 - Amends the Assistance for Unemployed Workers and Struggling Families Act, title II of the American Recovery and Reinvestment Tax Act of 2009, to extend: (1) through 2011 the $250 economic recovery payments to recipients of Social Security, Supplemental Security Income (SSI) (title XVI of the Social Security Act), railroad retirement benefits, and veterans disability compensation or pension benefits; and (2) through 2011 the special tax credit for certain government retirees. Makes additional appropriations through FY2013 to cover such payments.

emergency senior citizens relief act amends assistance unemployed workers struggling families act title american recovery reinvestment tax act extend economic recovery payments recipients title xvi social security act railroad retirement benefits veterans disability compensation pension benefits special tax credit certain government retirees makes additional appropriations fy2013 cover payments