Home > 106th Congressional Bills > H.R. 4826 (ih) To amend title 18, United States Code, with respect to lobbying with appropriated funds. [Introduced in House] ...

H.R. 4826 (ih) To amend title 18, United States Code, with respect to lobbying with appropriated funds. [Introduced in House] ...


Google
 
Web GovRecords.org








108th CONGRESS
  2d Session
                                H. R. 4825

To amend the Internal Revenue Code of 1986 to impose an additional tax 
on taxable income attributable to contracts with the United States for 
                goods and services for the war in Iraq.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 13, 2004

  Mr. Owens introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to impose an additional tax 
on taxable income attributable to contracts with the United States for 
                goods and services for the war in Iraq.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Excess War Profits Act of 2004''.

SEC. 2. FINDINGS.

    The Congress hereby finds:
            (1) A special tax on the profits of the Nation's largest 
        corporations would be in accordance with previous precedents: 
        World War II and Korea.
            (2) While large corporations continue to net billions of 
        dollars from the War in Iraq, the Bush Administration continues 
        to cut funding for vital domestic programs.
            (3) Large corporations are using broadly worded contracts 
        to repair Iraq's petroleum infrastructure and gain a huge head 
        start over potential competitors in redeveloping the country's 
        vast, outdated oil industry.
            (4) Five large corporations, Halliburton, Bechtel Group, 
        Fluor Corp, Parsons Corp, and the Louis Berger Group, all 
        benefited from the biggest reconstruction project since the 
        Second World War.
            (5) Since the War in Iraq began, Halliburton and its 
        subsidiaries have received more than $2 billion from no bid 
        contracts.
            (6) To date, Halliburton has spent only 10 percent of the 
        funds appropriated by the Federal Government to rebuild the 
        Iraqi infrastructure.

SEC. 3. ADDITIONAL TAX ON PROFITS FROM IRAQ WAR CONTRACTS.

    (a) General Rule.--Subchapter A of chapter 1 of the Internal 
Revenue Code of 1986 (relating to determination of tax liability) is 
amended by adding at the end the following new part:

     ``PART VII--ADDITIONAL TAX ON PROFITS FROM IRAQ WAR CONTRACTS

                              ``Sec. 59B. Imposition of additional tax.

``SEC. 59B. IMPOSITION OF ADDITIONAL TAX.

    ``(a) General Rule.--There is hereby imposed (in addition to any 
other tax imposed by this chapter) a tax equal to 15 percent of so much 
of taxable income as is attributable to any contract with the United 
States which is specifically for the provision of goods or services in 
connection with the war in Iraq.
    ``(b) Exception for United States Personnel.--The tax imposed by 
this section shall not apply to amounts received by any member of the 
Armed Forces of the United States or any other employee of the United 
States for services as such a member or employee.
    ``(c) Additional Tax Not Treated As Tax for Certain Purposes.--The 
tax imposed by this section shall not be treated as a tax imposed by 
this chapter for purposes of determining--
            ``(1) the amount of any credit allowable under this 
        chapter, or
            ``(2) the amount of the minimum tax imposed by section 
        55.''.
    (b) Clerical Amendment.--The table of parts for subchapter A of 
chapter 1 of such Code is amended by adding at the end thereof the 
following new item:

                              ``Part VII. Additional tax on profits 
                                        from Iraq war contracts.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years ending after the date of the enactment of this 
Act.
                                 <all>

Pages: 1

Other Popular 106th Congressional Bills Documents:

1 S.Res. 34 (ats) Designating the week beginning June 21, 1999, as ``National Youth Fitness Week''. [Agreed to Senate] ...
2 S.Con.Res. 77 (es) [Engrossed in Senate] ...
3 H.R. 4395 (ih) To amend title XVIII of the Social Security Act to improve the manner in which new medical technologies are made available to Medicare beneficiaries under the Medicare Program, and for other purposes. [Introduced in House] ...
4 H.R. 4942 (enr) Making appropriations for the government of the District of Columbia and other activities chargeable in whole or in part against the revenues of said District for the fiscal year ending September 30, 2001, and for other purposes. [Enrolled...
5 S.Res. 105 (is) Expressing the sense of the Senate relating to consideration of Slobodan Milosevic as a war criminal. [Introduced in Senate] ...
6 S.Res. 136 (ats) Condemning the acts of arson at three Sacramento, California, area synagogues on June 18, 1999, and calling on all Americans to categorically reject crimes of hate and intolerance. [Agreed to Senate] ...
7 S.Res. 173 (ats) To authorize representation of the Senate Committee on Armed Services in the case of Philip Tinsley III v. Senate Committee on Armed Services. [Agreed to Senate] ...
8 S. 1315 (is) To permit the leasing of oil and gas rights on certain lands held in [Introduced in Senate] ...
9 S. 2778 (rs) To amend the Sherman Act to make oil-producing and exporting cartels illegal. [Reported in Senate] ...
10 S. 1936 (rfh) To authorize the Secretary of Agriculture to sell or exchange all or part of certain administrative sites and other National Forest System land in the State of Oregon and use the proceeds derived from the sale or exchange for National Forest...
11 S.Con.Res. 152 (es) [Engrossed in Senate] ...
12 S. 1421 (is) To impose restrictions on the sale of cigars. [Introduced in Senate] ...
13 H.R. 4489 (rds) To amend section 110 of the Illegal Immigration Reform and Immigrant Responsibility Act of 1996, and for other purposes. [Received in the Senate] ...
14 H.R. 1651 (eas) [Engrossed Amendment Senate] ...
15 H.R. 1175 (eh) To locate and secure the return of Zachary Baumel, a United States citizen, and other Israeli soldiers missing in action. [Engrossed in House] ...
16 H.R. 4 (rh) To declare it to be the policy of the United States to deploy a national missile defense. [Reported in House] ...
17 H.R. 2962 (ih) To provide for the issuance of a promotion, research, and information order applicable to certain handlers of Hass avocados. [Introduced in House] ...
18 H.R. 208 (rs) To amend title 5, United States Code, to allow for the contribution of certain rollover distributions to accounts in the Thrift Savings Plan, to eliminate certain waiting-period requirements for participating in the Thrift Savings Plan, and...
19 H.R. 1636 (ih) To provide for a reduction in the rate of adolescent pregnancy through the evaluation of public and private prevention programs, and for other purposes. [Introduced in House] ...
20 S. 1694 (is) To direct the Secretary of the Interior to conduct a study on the reclamation and reuse of water and wastewater in the State of Hawaii. [Introduced in Senate] ...
21 S. 3246 (is) To prohibit the importation of any textile or apparel article that is produced, manufactured, or grown in Burma. [Introduced in Senate] ...
22 S. 2730 (is) To provide for the appointment of additional Federal district judges, and for other purposes. [Introduced in Senate] ...
23 H.R. 670 (ih) To amend title 39, United States Code, to establish guidelines for the relocation, closing, consolidation, or construction of post offices, and for other purposes. [Introduced in House] ...
24 S.Con.Res. 149 (ats) To correct the enrollment of H.R. 3244. [Agreed to Senate] ...
25 S.Con.Res. 82 (is) Condemning the assassination of Fernando Buesa and Jorge Diez Elorza, Spanish nationals, by the Basque separatist group ETA, and expressing the sense of the Congress that all violent actions by ETA cease. [Introduced in Senate] %%Filena...
26 S. 1868 (is) To improve the safety of shell eggs. [Introduced in Senate] ...
27 S. 1894 (is) To provide for the conveyance of certain land to Park County, Wyoming. [Introduced in Senate] ...
28 H.R. 2413 (eh) To amend the National Institute of Standards and Technology Act to enhance the ability of the National Institute of Standards and Technology to improve computer security, and for other purposes. [Engrossed in House] ...
29 H.Res. 402 (eh) [Engrossed in House] ...
30 S.Res. 267 (pcs) Directing the return of certain treaties to the President. [Placed on Calendar Senate] ...


Other Documents:

106th Congressional Bills Records and Documents

GovRecords.org presents information on various agencies of the United States Government. Even though all information is believed to be credible and accurate, no guarantees are made on the complete accuracy of our government records archive. Care should be taken to verify the information presented by responsible parties. Please see our reference page for congressional, presidential, and judicial branch contact information. GovRecords.org values visitor privacy. Please see the privacy page for more information.
House Rules:

104th House Rules
105th House Rules
106th House Rules

Congressional Bills:

104th Congressional Bills
105th Congressional Bills
106th Congressional Bills
107th Congressional Bills
108th Congressional Bills

Supreme Court Decisions

Supreme Court Decisions

Additional

1995 Privacy Act Documents
1997 Privacy Act Documents
1994 Unified Agenda
2004 Unified Agenda

Congressional Documents:

104th Congressional Documents
105th Congressional Documents
106th Congressional Documents
107th Congressional Documents
108th Congressional Documents

Congressional Directory:

105th Congressional Directory
106th Congressional Directory
107th Congressional Directory
108th Congressional Directory

Public Laws:

104th Congressional Public Laws
105th Congressional Public Laws
106th Congressional Public Laws
107th Congressional Public Laws
108th Congressional Public Laws

Presidential Records

1994 Presidential Documents
1995 Presidential Documents
1996 Presidential Documents
1997 Presidential Documents
1998 Presidential Documents
1999 Presidential Documents
2000 Presidential Documents
2001 Presidential Documents
2002 Presidential Documents
2003 Presidential Documents
2004 Presidential Documents

Home Executive Judicial Legislative Additional Reference About Privacy