Federal (United States) · Session law
Pub. L. 94-12 — To amend the Internal Revenue Code of 1954 to provide for a refund of 1874 individual income taxes, to increase the low income allowance and the percentage standard deduction, to provide a credit for personal exemptions and a credit for certain earned income, to increase the investment credit and the surtax exemption, to reduce percentage depletion for oil and gas, and for other purposes.
25 sections
25 sections
- Pub. L. 94-12, tit. I, sec. 101REFUND OF 1974 INDIVIDUAL INCOME TAXES.Enacted
- Pub. L. 94-12, tit. I, sec. 102REFUNDS DISREGARDED IN THE ADMINISTRATION OF FEDERAL PROGRAMS AND FEDERALLY ASSISTED PROGRAMS.Enacted
- Pub. L. 94-12, tit. II, sec. 201INCREASE IN LOW INCOME ALLOWANCE.Enacted
- Pub. L. 94-12, tit. II, sec. 202INCREASE IN PERCENTAGE STANDARD DEDUCTION.Enacted
- Pub. L. 94-12, tit. II, sec. 204CREDIT FOR CERTAIN EARNED INCOME.Enacted
- Pub. L. 94-12, tit. II, sec. 206INCREASE IN INCOME LIMITATION APPLICABLE TO CHILD AND DEPENDENT CARE DEDUCTION.Enacted
- Pub. L. 94-12, tit. II, sec. 207EXTENSION OF PERIOD FOR REPLACING OLD RESIDENCE FOR PURPOSES OF NONRECOGNITION OF GAIN UNDER SECTION 1034.Enacted
- Pub. L. 94-12, tit. II, sec. 208CREDIT FOR PURCHASE OF NEW PRINCIPAL RESIDENCE.Enacted
- Pub. L. 94-12, tit. II, sec. 209EFFECTIVE DATES.Enacted
- Pub. L. 94-12, tit. II, sec. 235WITHHOLDING TAX.Enacted
- Pub. L. 94-12, tit. II, sec. 293TAX CREDIT FOR PERSONAL EXEMPTIONS.Enacted
- Pub. L. 94-12, tit. III, sec. 301INCREASE IN INVESTMENT CREDIT.Enacted
- Pub. L. 94-12, tit. III, sec. 302ALLOWANCE OF INVESTMENT CREDIT WHERE CONSTRUCTION OF PROPERTY WILL TAKE MORE THAN 2 YEARS.Enacted
- Pub. L. 94-12, tit. III, sec. 303CHANGE IN CORPORATE TAX RATES AND INCREASE IN SURTAX EXEMPTION.Enacted
- Pub. L. 94-12, tit. III, sec. 304INCREASE IN MINIMUM ACCUMULATED EARNINGS CREDIT FROM 8100,000 TO 8150,000.Enacted
- Pub. L. 94-12, tit. III, sec. 305EFFECTIVE DATES.Enacted
- Pub. L. 94-12, tit. IV, sec. 401FEDERAL WELFARE RECIPIENT EMPLOYMENT INCENTIVE TAX CREDIT.Enacted
- Pub. L. 94-12, tit. IV, sec. 402TIME WHEN CONTRIBUTIONS DEEMED MADE TO CERTAIN PENSION PLANS.Enacted
- Pub. L. 94-12, tit. V, sec. 591LIMITATIONS ON PERCENTAGE DEPLETION FOR OIL AND GAS.Enacted
- Pub. L. 94-12, tit. VI, sec. 601LIMITATIONS ON FOREIGN TAX CREDIT FOR TAXES PAID IN CONNECTION WITH FOREIGN OIL AND GAS INCOME.Enacted
- Pub. L. 94-12, tit. VI, sec. 601TREATMENT FOR PURPOSES OF THE INVESTMENT CREDIT OF CERTAIN PROPERTY USED IN INTERNATIONAL OR TERRITORIAL WATERS.Enacted
- Pub. L. 94-12, tit. VI, sec. 602TAXATION OF EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS AND THEIR SHAREHOLDERS.Enacted
- Pub. L. 94-12, tit. VI, sec. 603DENIAL OF DISC BENEFITS WITH RESPECT TO ENERGY RESOURCES AND OTHER PRODUCTS.Enacted
- Pub. L. 94-12, tit. VII, sec. 701CERTAIN UNEMPLOYMENT COMPENSATION.Enacted
- Pub. L. 94-12, tit. VII, sec. 702SPECIAL PAYMENT TO RECIPIENTS OF BENEFITS UNDER CERTAIN RETIREMENT AND SURVIVOR BENEFIT PROGRAMS.Enacted