General Explanations of the Administration's Revenue Proposals

By United States Department of the Treasury

Book Id: WPLBN0000659607
Format Type: PDF eBook
File Size: 354.68 KB.
Reproduction Date: 2005

Title:	General Explanations of the Administration's Revenue Proposals
Author:	United States Department of the Treasury
Volume:
Language:	English
Subject:	Government publications, Economics., United States. Department of the Treasury--Appropriations and Expenditures.
Collections:	U.S. Department of the Treasury Collection
Historic Publication Date:
Publisher:	United States Department of the Treasury


Citation APA MLA Chicago Department Of The Treasury, U. S. (n.d.). General Explanations of the Administration's Revenue Proposals. Retrieved from http://gutenberg.cc/

Description
Government Reference Publication

Excerpt
Excerpt: Expanding The Child And Dependent Care Tax Credit-Current Law. A taxpayer may be eligible for a nonrefundable tax credit if he or she pays for the care of a qualifying individual in order to work. Qualifying individuals include children under the age of 13 and disabled dependents or spouses. The credit is equal to a percentage of the taxpayer?s employment-related expenditures for child or dependent care. A taxpayer must provide over half the costs of maintaining the household in which the taxpayer and the qualifying dependent reside.

Table of Contents
TABLE OF CONTENTS MAKE CHILD CARE MORE AFFORDABLE EXPANDING THE CHILD AND DEPENDENT CARE TAX CREDIT . . . . . . . . . . . . . . . . . . . . . . 1 EMPLOYER CREDIT FOR EXPENSES OF SUPPORTING EMPLOYEE CHILD CARE . . . . . . . . . . 3 PROMOTE ENERGY EFFICIENCY AND IMPROVE THE ENVIRONMENT PROVIDE TAX CREDIT FOR ENERGY-EFFICIENT BUILDING EQUIPMENT . . . . . . . . . . . . . . . 5 PROVIDE TAX CREDIT FOR PURCHASE OF NEW ENERGY EFFICIENT HOMES . . . . . . . . . . . 7 PROVIDE TAX CREDIT FOR HIGH-FUEL-ECONOMY VEHICLES . . . . . . . . . . . . . . . . . . . . . . 8 EQUALIZE TREATMENT OF PARKING AND TRANSIT BENEFITS . . . . . . . . . . . . . . . . . . . . 10 PROVIDE INVESTMENT TAX CREDIT FOR COMBINED HEAT AND POWER (CHP) SYSTEMS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 PROVIDE TAX CREDIT FOR REPLACEMENT OF CERTAIN CIRCUIT BREAKER EQUIPMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 PROVIDE TAX CREDIT FOR CERTAIN PERFLUOROCOMPOUND (PFC) AND HYDROFLUOROCARBON (HFC) RECYCLING EQUIPMENT . . . . . . . . . . . . . . . . . . . . 14 PROVIDE TAX CREDIT FOR ROOFTOP SOLAR EQUIPMENT . . . . . . . . . . . . . . . . . . . . . . . 15 EXTEND WIND AND BIOMASS TAX CREDIT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 PROMOTE EXPANDED RETIRMENT SAVINGS EXPANDED ACCESS TO PAYROLL DEDUCTION FOR RETIREMENT SAVINGS . . . . . . . . . . . 17 SMALL BUSINESS TAX CREDIT FOR RETIREMENT PLAN START-UP EXPENSES . . . . . . . . 18 THE SMART PLAN -- A SIMPLIFIED PENSION PLAN FOR SMALL BUSINESS . . . . . . . . . . . . 19 FASTER VESTING OF EMPLOYER MATCHING CONTRIBUTIONS . . . . . . . . . . . . . . . . . . . . 24