Taxation

STATE, FOREIGN OPERATIONS, AND RELATED PROGRAMS APPROPRIATIONS FOR FISCAL YEAR 2018

United States · United States Senate · 13 June 2017

COMMERCE, JUSTICE, SCIENCE, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2018

United States · United States Senate · 13 June 2017

REVIEW OF THE FISCAL YEAR 2018 STATE DEPARTMENT BUDGET REQUEST

United States · United States Senate · 13 June 2017

AGRICULTURE, RURAL DEVELOPMENT, FOOD AND DRUG ADMINISTRATION, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2018

United States · United States Senate · 13 June 2017

Second Chance Reauthorization Act of 2017

United States · United States Congress · 13 June 2017

Second Chance Reauthorization Act of 2017 This bill amends the Omnibus Crime Control and Safe Streets Act of 1968 to: revise and reauthorize grant programs for offender reentry demonstration projects; family-based substance abuse treatment; and evaluating and improving educational methods at prisons, jails, and juvenile facilities; and repeal grant programs for offender reentry courts and drug treatment alternatives to incarceration. Additionally, the legislation amends the Second Chance Act of 2007 to: rename, revise, and reauthorize grant programs for technology career training demonstration projects and reentry mentoring services, reauthorize offender reentry research and the grant program for offender reentry substance abuse and criminal justice collaboration, reauthorize and modify eligibility for an elderly offender early release pilot program, and repeal grant programs for the responsible reintegration of offenders and the study of Depot Naltrexone to treat heroin addiction. It amends the federal criminal code to establish partnerships between prisons and faith- or community-based nonprofit organizations to conduct activities to reduce recidivism. The Department of Justice (DOJ) Office of Inspector General must conduct annual audits of selected grant recipients to prevent waste, fraud, and abuse of funds. The bill prohibits grants to nonprofit organizations that hold money in an offshore account to avoid tax liability. It also prohibits a grantee from using grant funds to lobby DOJ or a state, local, or tribal government regarding the award of grant funding. DOJ, in collaboration with interested persons, providers, and organizations, and state, local, and tribal governments, must coordinate and report to Congress on federal reentry programs, policies, and practices. The bill limits the use of grants for conferences that use more than $20,000 in DOJ funds.

RAC Reform Act of 2017

United States · United States Congress · 13 June 2017

RAC Reform Act of 2017 This bill amends the Secure Rural Schools and Community Self-Determination Act of 2000 to change the official who shall establish, maintain, and appoint the members of resource advisory committees from: (1) the Secretary of Agriculture to the the applicable Regional Forester for land within the National Forest System; and (2) the Secretary of the Interior to the applicable Bureau of Land Management State Director for such portions of the revested Oregon and California Railroad and reconveyed Coos Bay Wagon Road grant land under the jurisdiction of the Department of the Interior classified as timberlands and power-site land valuable for timber that shall be managed for permanent forest production. Any year of a member's service on such a committee, the majority of which was served during a fiscal year in which the committee's budget was less than $1 million, shall not count as a year of such member's term for purposes of the four-year term limit. The bill reduces the number of members of each committee, as well as the number representing each specified community interest category.

Charities Helping Americans Regularly Throughout the Year Act of 2017

United States · United States Congress · 13 June 2017

Charities Helping Americans Regularly Throughout the Year Act of 2017 This bill amends the Internal Revenue Code to modify several tax provisions affecting charitable contributions and tax-exempt organizations. The Internal Revenue Service may determine the standard mileage rate for deducting the cost of using a passenger automobile for charitable purposes (currently set by statute at 14 cents per mile), and the rate may not be less than the rate for medical purposes (17 cents per mile for 2017). The bill modifies the substantiation requirements for charitable contributions to eliminate an exemption for contributions that are reported on a return filed by a tax-exempt organization. Tax-exempt organizations must file their returns in electronic form. The bill excludes from the gross income of an individual who is at least 70-1/2 years of age up to $100,000 in distributions from an individual retirement plan to a donor-advised fund (DAF). The bill also modifies disclosure requirements for DAFs. (A DAF is a fund or account that is separately identified by reference to contributions of a donor or donors. The account is owned and controlled by a sponsoring charitable organization, while the donor retains advisory privileges with respect to the distribution and investment of funds in the account.) The bill reduces from 2% to 1% the excise tax on the investment income of private foundations and eliminates a provision that reduces the rate to 1% if a foundation meets certain distribution requirements. The bill exempts certain philanthropic business holdings from the tax on excess business holdings of private foundations if a foundation meets requirements for exclusive ownership, donating all profits to charity, and independent operation.

[H.A.S.C. No. 115-54] HEARING ON NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2018 AND OVERSIGHT OF PREVIOUSLY AUTHORIZED PROGRAMS BEFORE THE COMMITTEE ON ARMED SERVICES HOUSE OF REPRESENTATIVES ONE HUNDRED FIFTEENTH CONGRESS FIRST SESSION

United States · United States House of Representatives · 12 June 2017

No Regulation Without Representation Act of 2017

United States · United States Congress · 12 June 2017

No Regulation Without Representation Act of 201 7 This bill prohibits a state from taxing or regulating a person's activity in interstate commerce unless the person is physically present in the state during the period in which the tax or regulation is imposed. A person is physically present if the person's business activities in the state include: maintaining a commercial or legal domicile in the state; owning, holding, leasing, or maintaining certain property in the state; having one or more employees, agents, or independent contractors in the state who provide on-site design, installation, or repair services on behalf of the remote seller; having one or more employees, exclusive agents or exclusive independent contractors present in the state who engage in activities that substantially assist the person to establish or maintain a market in the state; or regularly employing three or more employees in the state. The bill specifies certain activities and agreements that indicate a de minimis physical presence that is excluded from the definition of "physical presence." The bill also specifies that U.S. district courts have original jurisdiction over civil actions to enforce this bill.

Gigabit Opportunity Act

United States · United States Congress · 12 June 2017

Gigabit Opportunity Act This bill amends the Internal Revenue Code to authorize the designation of qualified gigabit opportunity zones in low-income communities and to provide tax incentives for investments in the zones. Governors may submit nominations for a limited number of qualified gigabit opportunity zones in low-income communities to the Department of the Treasury for certification and designation. Governors must give particular consideration to areas that: are facing obstacles to economic development due to a lack of geographic broadband coverage or speed; are the focus of mutually reinforcing state, local, or private economic development initiatives; are poised for economic growth that requires access to high speed broadband for commercial purposes; and represent the areas of a state where such service would result in the highest return on investment. For eligible taxpayers that sell certain broadband services, the bill allows: (1) deferrals, reductions, or exemptions from taxes on capital gains invested in certain property used to provide broadband services in a zone (depending on how long the property is held), and (2) immediate expensing of the costs of the property. The bill also allows tax-exempt private activity bonds to be used for certain broadband projects in the zones. Within one year of enactment of this bill, the Federal Communications Commission must publish a Uniform Model Broadband Deployment Act containing laws for the state regulation of the deployment of broadband services. Qualified zones must adopt either the Act or laws comparable to the Act.

Providing for consideration of the bill (H.R. 2372) to amend the Internal Revenue Code of 1986 to clarify the rules relating to veteran health insurance and eligibility for the premium tax credit, and providing for consideration of the bill (H.R. 2579) to amend the Internal Revenue Code of 1986 to allow the premium tax credit with respect to unsubsidized COBRA continuation coverage.

United States · United States Congress · 12 June 2017

Sets forth the rule for consideration of the bill (H.R. 2372) to amend the Internal Revenue Code of 1986 to clarify the rules relating to veteran health insurance and eligibility for the premium tax credit, and providing for consideration of the bill (H.R. 2579) to amend the Internal Revenue Code of 1986 to allow the premium tax credit with respect to unsubsidized COBRA continuation coverage.

Providing for consideration of the bill (H.R. 2581) to amend the Internal Revenue Code of 1986 to require the provision of social security numbers as a condition of receiving the health insurance premium tax credit, and providing for consideration of the bill (S. 1094) to amend title 38, United States Code, to improve the accountability of employees of the Department of Veterans Affairs, and for other purposes.

United States · United States Congress · 12 June 2017

Sets forth the rule for consideration of the bill (H.R. 2581) to amend the Internal Revenue Code of 1986 to require the provision of social security numbers as a condition of receiving the health insurance premium tax credit, and providing for consideration of the bill (S. 1094) to amend title 38, United States Code, to improve the accountability of employees of the Department of Veterans Affairs.

Eliminating Federal Tax Subsidies for Stadiums Act of 2017

United States · United States Congress · 12 June 2017

Eliminating Federal Tax Subsidies for Stadiums Act of 2017 This bill amends the Internal Revenue Code, with respect to the tax exemption requirements for state and local bonds, to specify that bonds issued to finance professional sports stadiums meet the private security or payment test. (A state or local bond that satisfies both the private business use test and the private security or payment test is considered a private activity bond that is taxable unless it is used for certain qualified private activities.)

PRESIDENT'S FISCAL YEAR 2018 HEALTH CARE PROPOSALS

United States · United States Senate · 8 June 2017

AN OVERVIEW OF THE NATIONAL AERONAUTICS AND SPACE ADMINISTRATION BUDGET FOR FISCAL YEAR 2018

United States · United States House of Representatives · 8 June 2017

COMMERCE, JUSTICE, SCIENCE, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2018

United States · United States Senate · 8 June 2017

Agriculture Environmental Stewardship Act of 2017

United States · United States Congress · 8 June 2017

Agriculture Environmental Stewardship Act of 2017 This bill amends the Internal Revenue Code to allow energy tax credits through 2021 for investments in: (1) qualified biogas property, or (2) qualified manure resource recovery property. The bill also permits new clean renewable energy bonds to be used for such properties. "Qualified biogas property" comprises a system that: (1) uses anaerobic digesters or other specified processes to convert biomass into a gas which is at least 52% methane, and (2) captures the gas for use as a fuel. The term includes property that cleans and conditions the gas for use as a fuel. "Qualified manure resource recovery property" comprises a system that uses specified processes to recover the nutrients nitrogen and phosphorus from a non-treated digestate or animal manure by reducing or separating at least 50% of the nutrients, excluding any reductions during the incineration, storage, composting, or field application of the non-treated digestate or animal manure. The term also includes certain processing equipment. The Department of the Treasury must enter into an agreement with the National Renewable Energy Laboratory for a study of biogas and report to Congress on the study.

Hire Military Service Members Act

United States · United States Congress · 8 June 2017

Hire Military Service Members Act This bill requires the military department concerned to withhold payments for unemployment compensation otherwise due for a calendar quarter from a state that imposes professional licensing requirements that fails to accept professional credentials related to military training and skills that are obtained by members of the Armed Forces under the Senior Reserve Officers' Training Corps program or a similar program for members accredited by a nationally recognized, third-party personnel certification program accreditor. Amounts that remain withheld at the end of a fiscal year shall be made available to the military department concerned during the following fiscal year to carry out such a program.

LAND Act

United States · United States Congress · 8 June 2017

Land and National Park Deferred Maintenance Act or the LAND Act This bill extends the Land and Water Conservation Fund (LWCF) through FY2024. From the amounts deposited into the LWCF, $450 million shall be available in each fiscal year for expenditure to carry out the purposes of the Act establishing the LWCF and the purposes of the LWCF. Remaining amounts in the LWCF shall be available subject to appropriations. The bill specifies the use of amounts for federal purposes for certain land and water acquisitions (as currently) and financial assistance to states for LWCF purposes and outdoor recreation, the Forest Legacy Program, cooperative endangered species grants, and the American Battlefield Protection Program. The President must submit to Congress, as part of the annual budget submission, the account, program, and project allocations for funds that are made available from the LWCF for federal purposes. The bill prohibits the use of any funding made available to a state under this bill from being used for the acquisition of lands, waters, or interests in lands or waters by eminent domain. At least 1.5% of appropriated or expended LWCF funds must be available for projects that secure recreational public access to existing federal public land for hunting, fishing, and other recreational purposes. The bill establishes a National Park Service and Related Agencies Maintenance and Revitalization Conservation Fund in the Treasury for the deposit through FY2024 of $450 million from mineral revenues that are not otherwise credited, covered, or deposited under federal law. Of amounts made available from this fund, the Department of the Interior shall use specified amounts for high priority deferred maintenance needs that support critical infrastructure and visitor services. The Department of Agriculture shall use a specified amount for federal lands administered by the Forest Service for such high priority deferred maintenance needs.

Welfare Reform and Upward Mobility Act

United States · United States Congress · 8 June 2017

Welfare Reform and Upward Mobility Act This bill requires the President to include in the annual budget proposal the total level of means-tested welfare spending by the federal, state, and local governments for the most recent fiscal year for which such data is available, and estimated levels for the current and 10 ensuing fiscal years. For each of FY2018-FY2028 each state that receives means-tested welfare spending by the federal government shall report annually to the Congressional Budget Office on the total amount of such spending by the state for the fiscal year. The Congressional Budget Act of 1974 is amended to define means-tested welfare spending as spending for any federal program designed specifically to give assistance or benefits exclusively to low-income Americans. The refundable portion of certain tax credits shall also be means-tested welfare spending, as well as the refundable portion of the premium and out-of-pocket health care subsidies to be paid under the Patient Protection and Affordable Health Care Act. The bill revises work eligibility requirements under the Supplemental Nutrition Assistance Program. Part A (Temporary Assistance for Needy Families) (TANF) of title IV of the Social Security Act is amended to create the work preparation program for TANF families. The bill eliminates separate participation rate requirements for two-parent families. No federal funds shall be made available to carry out any means-tested housing program, but states may receive grants to fund their own housing programs. The bill prohibits funding for abortions and for health benefits that cover abortion, including certain tax credits, except where the pregnancy results from rape or incest or in certain other health cases.

Partnership Grants to Strengthen Families Affected by Parental Substance Abuse Act

United States · United States Congress · 8 June 2017

Partnership Grants to Strengthen Families Affected by Parental Substance Abuse Act This bill amends part B (Child and Family Services) of title IV of the Social Security Act to modify the grant program that provides funding to state and regional partnerships to prevent child abuse and neglect related to substance abuse. Specifically, the bill modifies the definition of "regional partnership," revises the grant application and grantee reporting process, and expands the grant program to include services to parents and families. The bill reauthorizes program grants for FY2017-FY2021 in amounts between $250,000 (currently $500,000) and $1 million per grant per fiscal year.

Social Security for Future Generations Act of 2017

United States · United States Congress · 8 June 2017

Social Security for Future Generations Act of 2017 This bill amends the Internal Revenue Code and the Social Security Act (SSAct) to apply employment and self-employment taxes to remuneration up to the contribution and benefit base ($127,200 in 2017) and to remuneration in excess of $250,000 beginning in calender years after 2017. Title II (Old Age, Survivor and Disability Insurance [OASDI]) of the SSAct is amended to: (1) include 2% of an individual's excess average indexed monthly earnings (over $250,000 per annum) in the formula for determining primary insurance amounts; (2) revise computation of cost-of-living adjustments to use the Consumer Price Index for Elderly Consumers (CPI-E); (3) provide extended benefit eligibility for children of disabled, retired, or deceased workers who are full-time students; (4) increase the special minimum primary insurance amount for lifetime low-wage workers; and (5) provide an alternate benefit amount for widow's and widower's insurance benefits. The bill preserves eligibility for supplemental security income payments, Medicaid, and the Children's Health Insurance Program (CHIP) by limiting the amount of OASDI payments considered in eligibility determinations.

SHELTER Act

United States · United States Congress · 8 June 2017

Strengthening Homes and Eliminating Liabilities Through Encouraging Readiness Act or the SHELTER Act This bill amends the Internal Revenue Code to allow individual and business taxpayers a tax credit for 25% of their qualified hurricane and tornado mitigation property expenditures up to $5,000 for any taxable year. The bill defines such expenditures as expenditures in a dwelling unit or place of business for property to improve the strength of a roof deck attachment, create a secondary water barrier, improve the durability of a roof covering, brace gable-end walls, reinforce the connections between a roof and supporting wall, protect against windborne debris, or protect exterior doors and garages.

Better Education and Skills Training for America's Workforce Act

United States · United States Congress · 8 June 2017

Better Education and Skills Training for America's Workforce Act This bill amends the Internal Revenue Code to allow tax credits for: (1) qualified training expenses paid with respect to U.S.-based positions for job trainees who have been unemployed for at least 90 days before enrolling in a training program and have not been employed by the taxpayer during the two-year period before the trainee was hired, and (2) investment in a qualified job training partnership between a private business and an institution of higher education or a labor organization. The bill defines "qualified training expenses" as an eligible trainee's qualified tuition costs, which may include costs for books and enrollment in a training program at an institution of higher education that may include a single course, multiple courses, or a combination of work training and study and that is reasonably necessary for employment with the taxpayer. It terminates the credit for qualified training expenses of job trainees after December 31, 2028. The bill also: (1) requires the Department of the Treasury to establish a Qualified Job Training Partnership program to consider and award certifications for qualified investments eligible for credits to qualified job training partnerships, and (2) authorizes Treasury to make grants to individuals who make an investment in a qualified job training partnership, in lieu of a tax credit.

EPIC Act

United States · United States Congress · 8 June 2017

Election Protection & Integrity Certification Act or the EPIC Act This bill amends the Internal Revenue Code to require an organization applying for tax-exempt status to certify that it will not: (1) use foreign funds to make certain expenditures in connection with an election, a political party, or an electioneering communication; or (2) solicit, accept, or receive a contribution or donation from a foreign national for an election or a political party. A tax-exempt organization must certify in its annual tax return that it has not violated the requirements described above. The Government Accountability Office must study the political activities of corporations to determine whether foreign money is being used in U.S elections. The bill amends the Federal Election Campaign Act of 1971 to require tax-exempt organizations filing certain reports regarding disbursements for independent expenditures or electioneering communications to certify that foreign funds were not used for the disbursements.

Louisiana Flood and Storm Devastation Tax Relief Act of 2017

United States · United States Congress · 8 June 2017

Louisiana Flood and Storm Devastation Tax Relief Act of 2017 This bill amends the Internal Revenue Code to modify several tax provisions and rules for individuals and businesses affected by storms and flooding in Louisiana. The bill applies to the area with respect to which a major disaster has been declared by the President under the Robert T. Stafford Disaster Relief and Emergency Assistance Act: before September 3, 2016, by reason of severe storms and flooding occurring in Louisiana during August 2016; before April 21, 2016, by reason of severe storms and flooding occurring in Louisiana during March and April 2016; and before February 12, 2017, by reason of tornadoes, storms, and straight-line winds occurring in Louisiana on February 7, 2017. For individuals and businesses in the specified Louisiana storm and flood disaster area, the bill modifies tax provisions and rules regarding: (1) early withdrawals of retirement funds; (2) employment-related tax credits; (3) charitable contributions; and (4) various tax deductions, exclusions, and credits related to losses and recovery from the storms and flooding.

To amend the Small Business Act to waive the guarantee fee for loans of not more than $150,000 provided to veterans and spouses of veterans under the Export Working Capital, International Trade, and Export Express programs.

United States · United States Congress · 8 June 2017

This bill amends the Small Business Act to prohibit the Small Business Administration (SBA) from assessing a guarantee fee in connection with a loan of not more than $150,000 made to a veteran or spouse of a veteran beginning the first fiscal year after enactment of this bill under the SBA's Export Working Capital, International Trade, or Export Express programs. If the President's budget for the upcoming fiscal year includes a cost for such a program that is above zero, this prohibition shall not apply to loans made during such upcoming fiscal year.

[H.A.S.C. No. 115-52] Fiscal Year 2018 Priorities and Posture Of Missile Defeat Programs and Activities

United States · United States House of Representatives · 7 June 2017

DEPARTMENT OF HOMELAND SECURITY REAUTHORIZATION AND THE PRESIDENT'S FISCAL YEAR 2018 BUDGET REQUEST

United States · United States House of Representatives · 7 June 2017

DEPARTMENT OF DEFENSE APPROPRIATIONS FOR FISCAL YEAR 2018

United States · United States Senate · 7 June 2017

TRANSPORTATION, HOUSING AND URBAN DEVELOPMENT, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2018

United States · United States Senate · 7 June 2017

[H.A.S.C. No. 115-53]COMBAT AVIATION MODERNIZATION PROGRAMS AND THE FISCAL YEAR 2018 BUDGET REQUEST

United States · United States House of Representatives · 7 June 2017

THE ECONOMIC AND FISCAL BENEFITS OF PRO-GROWTH POLICIES

United States · United States House of Representatives · 7 June 2017

DEPARTMENT OF THE INTERIOR, ENVIRONMENT, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2018

United States · United States Senate · 7 June 2017

ENERGY AND WATER DEVELOPMENT APPROPRIATIONS FOR FISCAL YEAR 2018

United States · United States Senate · 7 June 2017

LEGISLATIVE BRANCH APPROPRIATIONS FOR FISCAL YEAR 2018

United States · United States Senate · 7 June 2017

DEPARTMENT OF THE INTERIOR, ENVIRONMENT, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2018

United States · United States Senate · 7 June 2017

National Defense Authorization Act for Fiscal Year 2018

United States · United States Congress · 7 June 2017

National Defense Authorization Act for Fiscal Year 2018 This bill authorizes FY2018 appropriations and sets forth policies for Department of Defense (DOD) programs and activities, including military personnel strengths. It does not provide budget authority, which is provided in subsequent appropriations legislation. The bill authorizes appropriations to DOD for: (1) Procurement, including aircraft, missiles, weapons and tracked combat vehicles, ammunition, shipbuilding and conversion, space procurement, and other procurement; (2) Research, Development, Test, and Evaluation; (3) Operation and Maintenance; (4) Working Capital Funds; (5) the Joint Urgent Operational Needs Fund; (6) Chemical Agents and Munitions Destruction; (7) Drug Interdiction and Counter-Drug Activities; (8) the Defense Inspector General; (9) the Defense Health Program; (10) the Armed Forces Retirement Home; (11) Overseas Contingency Operations; and (12) Military Construction. The bill also authorizes the FY2018 personnel strength for active duty and reserve forces and sets forth policies regarding compensation and other personnel benefits, the Ready Reserve Force and Military Sealift Command surge fleet, and matters relating to foreign nations.

Aviation Funding Stability Act

United States · United States Congress · 7 June 2017

Aviation Funding Stability Act This bill requires that, beginning October 1, 2017, receipts and disbursements of the Airport and Airway Trust Fund shall not be subject to: (1) any sequestration order; (2) apportionment; (3) appropriation; and (4) any legal requirement, directive, or other provision of law of or related to the Office of Management and Budget (OMB). The bill authorizes funding for the Federal Aviation Administration Operations account. The Federal Aviation Administration (FAA) shall be exempt from any order or other requirement of the OMB. The Federal Aviation Management Advisory Council shall assess the performance of the air traffic control system and the FAA's policy and strategic decisions regarding the system's operation and modernization, and make recommendations. In any fiscal year between 2018 and 2030, there is authorized to be appropriated from the trust fund such sums as necessary to bring any air traffic control facility of the FAA into acceptable condition. The FAA shall: (1) develop and implement a revised system governing all of its acquisitions, including incorporating private-sector best practices for major capital investments in information technology and telecommunications; (2) make changes to its personnel management system to improve the productivity, cost effectiveness, and technical proficiency of that part of its workforce not represented by a labor organization; (3) jointly develop a staffing standard with the exclusive bargaining representative of air traffic controllers; and (4) develop internal policies and procedures to organize personnel assignments in a manner that facilitates open communication and collaboration.

REACH Act

United States · United States Congress · 7 June 2017

Research and Experimentation Advances Competitiveness at Home Act or the REACH Act This bill amends the Internal Revenue Code, with respect to the tax credit for increasing research activities (known as the research and experimentation tax credit), to: increase the alternative simplified credit rate to match the rate of the regular credit; allow taxpayers to use reasonable estimation techniques in lieu of contemporaneous accounting to measure employee hours per business component; allow employees engaging in the direct supervision or direct support of research activities which constitute qualified research to be included in the research expense calculation without regard to the employee's position or management level; allow the credit to be used for research related to the adaptation of an existing business component to a particular customer's requirement or need, cost reduction, or obsolescence mitigation; and allow taxpayers to make an election for a reduced credit (in order to be allowed a full deduction for research expenses) on an amended tax return.

Disaster Savings Accounts Act of 2017

United States · United States Congress · 7 June 2017

Disaster Savings Accounts Act of 201 7 This bill amends the Internal Revenue Code to: (1) establish tax-exempt disaster savings accounts to pay the expenses of homeowners for disaster mitigation and recovery expenses, (2) allow a deduction from gross income (above-the-line deduction) of up to $5,000 (adjusted annually for inflation) in a taxable year for cash contributions to such accounts, (3) exclude from gross income distributions from such accounts to pay disaster mitigation and recovery expenses, and (4) set forth tax rules and penalties for excess contributions to disaster savings accounts and for failure to file required reports on such accounts.

Child Tax Credit Integrity Preservation Act

United States · United States Congress · 7 June 2017

Child Tax Credit Integrity Preservation Act This bill amends the Internal Revenue Code to expand the identification requirements for the child tax credit to require taxpayers to provide a valid identification number on their tax returns in addition to the name and identification number of each qualifying child. A "valid identification number" includes: (1) in the case of the taxpayer or a spouse, a Social Security number issued by the Social Security Administration; and (2) in the case of the qualifying child, a taxpayer identification number. It does not include the Social Security number of an individual who is prohibited from engaging in employment in the United States.

Corporate Responsibility and Taxpayer Protection Act of 2017

United States · United States Congress · 7 June 2017

Corporate Responsibility and Taxpayer Protection Act of 2017 This bill amends the Internal Revenue Code to impose a tax on large employers whose employees receive certain federal benefits during the year. A "large employer" is an employer who employed an average of at least 500 full-time employees on business days during the preceding year. The tax is equal to the benefits that the employees receive under: (1) the Supplemental Nutrition Assistance Program (SNAP, formerly known as the food stamp program), (2) the school lunch and school breakfast programs administered under the Richard B. Russell National School Lunch Act and the Child Nutrition Act of 1966, (3) section 8 of the United States Housing Act of 1937, and (4) Medicaid.

First Time Homeowner Savings Plan Act

United States · United States Congress · 7 June 2017

First Time Homeowner Savings Plan Act This bill amends the Internal Revenue Code to increase from $10,000 to $25,000 the maximum amount that may be withdrawn, without penalty, from a qualified retirement plan for purposes of assisting a first-time homebuyer in purchasing a principal residence. This increased distribution amount shall be adjusted annually for inflation for taxable years beginning after 2018.

First-Time Homebuyer Savings Account Act of 2017

United States · United States Congress · 7 June 2017

First-Time Homebuyer Savings Account Act of 201 7 This bill amends the Internal Revenue Code to provide for tax-preferred savings accounts for first-time homebuyers. An individual may make up to $14,000 per year in after-tax contributions to the account, subject to a $50,000 lifetime contribution limit, a $150,000 limit on the fair market value of the account, and adjustments for inflation after 2018. Distributions from the account that are used to pay the qualified principal residence purchase expenditures of the designated beneficiary are excluded from gross income. A "qualified principal residence purchase expenditure" is, with respect to a designated beneficiary who is a first-time homebuyer, any amount: (1) paid toward the purchase price of a principal residence of the beneficiary, (2) required to be paid to settle the purchase of such residence, or (3) required to be paid by the beneficiary to obtain acquisition indebtedness with respect to the residence. Excess contributions to the account, distributions that exceed the qualified principal residence purchase expenditures of the beneficiary, and distributions that are not used for first-time homebuyer purposes are subject to specified taxes.

Affordable Health Insurance for the Middle Class Act

United States · United States Congress · 7 June 2017

Affordable Health Insurance for the Middle Class Act This bill amends the Internal Revenue Code to modify the eligibility requirements for the premium assistance tax credit, which is provided to eligible individuals and families to subsidize the purchase of health insurance plans on an exchange established under the Patient Protection and Affordable Care Act. The bill expands eligibility for the credit by defining an "applicable taxpayer" as a taxpayer whose household income for the taxable year equals or exceeds 100% of the federal poverty line. (Under current law, household income must equal or exceed 100%, but may not exceed 400% of the poverty line.)

Historic Downtown Preservation and Access Act

United States · United States Congress · 7 June 2017

Historic Downtown Preservation and Access Act This bill amends the Internal Revenue Code to allow refundable tax credits for 50% of the expenses paid or incurred by the taxpayer during the year for: (1) installing an elevator or a sprinkler system in a certified historic structure, and (2) hazardous substance (lead paint, radon, and asbestos) abatement services with respect to a certified historic structure. The amount of each of the two credits, with respect to any taxpayer, may not exceed $50,000 per year.

Resident Physician Shortage Reduction Act of 2017

United States · United States Congress · 7 June 2017

Resident Physician Shortage Reduction Act of 2017 This bill increases the number of residency positions eligible for graduate medical education payments under Medicare for qualifying hospitals, with an aggregate increase of 3,000 positions per fiscal year for five years. Of these positions, at least 1,500 per fiscal year must be for residents in a shortage specialty residency program (i.e., a program in a specialty in which baseline physician requirements projections exceed the projected supply of total active physicians, as identified by the Health Resources and Services Administration in a specified report).

Sixth Amendment Preservation Act

United States · United States Congress · 7 June 2017

Sixth Amendment Preservation Act This bill amends the federal criminal code to limit the detention authority of the United States. Current law prohibits the indefinite detention of a U.S. citizen by the United States unless it is authorized by an act of Congress. This bill prohibits the indefinite detention of any person by the United States unless it is consistent with the Constitution. Additionally, it specifies that a general authorization to use military force or similar measure, on its own, does not authorize the indefinite detention of a person who is arrested in the United States. Finally, the bill amends the National Defense Authorization Act for Fiscal Year 2012 to repeal a provision that affirms the authority of the Armed Forces to detain individuals captured in connection with hostilities pursuant to the Authorization for Use of Military Force pending the end of hostilities.

MILITARY CONSTRUCTION AND VETERANS AFFAIRS, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2018

United States · United States Senate · 6 June 2017