Taxation

Superfund Polluter Pays Restoration Act of 2021

United States · United States Congress · 22 June 2021

Superfund Polluter Pays Restoration Act of 2021 This bill (1) reinstates the Hazardous Substance Superfund financing rate beginning 60 days after enactment of this bill; (2) increases such rate from 9.7 cents to 17.2 cents per barrel of crude oil (adjusted for inflation after 2021); (3) reinstates and increases the rates of tax on taxable chemicals (adjusted for inflation after 2021); and (4) modifies the definition of crude oil to include any bitumen or bituminous mixture, any oil derived from such mixture (including oil derived from tar sands), and any oil derived form kerogen-bearing sources (including oil derived from oil shale). The bill amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 to allow the use of the Superfund for environmental remediation without further appropriation.

Zero-Emission Nuclear Power Production Credit Act of 2021

United States · United States Congress · 21 June 2021

Zero-Emission Nuclear Power Production Credit Act of 2021 This bill allows a new business-related tax credit through 2030 for the production of electricity from zero-emission nuclear power. It also allows taxpayers to elect direct payments of such credit and requires a recapture of credit amounts for contractors who fail to pay their employees the prevailing wage rate. The bill requires the Government Accountability Office to report on the effectiveness of the credit in ensuring grid reliability and on ratepayer savings. Contractors must ensure that at least 15% of their workforce is composed of qualified apprentices unless there is a lack of availability of qualified apprentices in the applicable geographic area.

Solar Energy Manufacturing for America Act

United States · United States Congress · 21 June 2021

Solar Energy Manufacturing for America Act This bill allows a new tax credit for the production of solar property in the taxpayer's trade or business. The credit is allowed for certain solar components, including photovoltaic cells and wafers, solar grade polysilicon, and a non-integrated solar module able to generate electricity when exposed to sunlight.

A REVIEW OF THE FISCAL YEAR 2022 BUDGET REQUEST FOR THE DEPARTMENT OF HOMELAND SECURITY

United States · United States House of Representatives · 17 June 2021

THE PRESIDENT'S BUDGET REQUEST FOR THE U.S. FOREST SERVICE FOR FISCAL YEAR 2022

United States · United States Senate · 17 June 2021

[H.A.S.C. No. 117-47] DEPARTMENT OF THE NAVY FISCAL YEAR 2022 BUDGET REQUEST FOR SEAPOWER AND PROJECTION FORCES

United States · United States House of Representatives · 17 June 2021

USER FEE Act

United States · United States Congress · 17 June 2021

Using Sustainable Energy Resources to Fund Equitable e-Transportation Act or the USER FEE Act This bill imposes an additional tax on the use of a specified electric highway vehicle (i.e., any highway motor vehicle, including a plug-in hybrid vehicle, that is propelled to a significant extent by an electric motor drawing electricity from a rechargeable battery that has a capacity of not less than four kilowatt hours). The bill requires the tax revenues generated by this bill to be transferred to the Highway Trust Fund.

Clean Energy Production Parity Act

United States · United States Congress · 17 June 2021

Clean Energy Production Parity Act This bill modifies the tax credit for investments in energy property to make qualified fuel cell property (certain fuel cell power plants) that uses an electromechanical process or includes a linear generator assembly eligible for the credit.

Brian A. Terry Memorial Eliminate the ATF Act

United States · United States Congress · 17 June 2021

Brian A. Terry Memorial Eliminate the ATF Act This bill abolishes the Bureau of Alcohol, Tobacco, Firearms and Explosives and transfers its authorities, functions, personnel, and assets to the Department of Justice (DOJ). It also transfers authorities, functions, personnel, and assets of the Department of the Treasury's Alcohol and Tobacco Tax and Trade Bureau to DOJ. Additionally, the bill establishes the Border Patrol Agent Killed in Action Trust Fund. Amounts in the fund shall be made available for purposes of (1) providing grants to the surviving spouse, child, or parent of a U.S. Border Patrol agent killed in the line of duty on or after December 1, 2009; and (2) awarding grants to states for establishing firearm safety programs.

Clean Energy for America Act

United States · United States Congress · 17 June 2021

Clean Energy for America Act This bill provides for tax incentives for investments in clean electricity, clean transportation, energy efficiency, and the termination of certain provisions relating to oil, gas, and other fossil fuels. Among other provisions, the bill allows new tax credits for investment in clean energy facilities and for the production of electricity from clean energy and clean fuel; allows a new tax credit for expenditures for clean energy property used in connection with a principal residence; allows a new tax credit for sustainable aviation fuel; allows an alternative motor vehicle tax credit for fuel cell motor vehicles, electric vehicles, and for refueling property; allows a tax credit for the production of electricity from clean hydrogen; extends for one year the second generation biofuel producer tax credit and the tax credit for alternative fuels; modifies existing tax credits for energy efficient residential buildings, energy efficient home improvement expenditures, geothermal heat pumps, and the tax deduction for energy efficient commercial buildings; terminates certain provisions relating to oil, gas, and other fossil fuels; requires that at least 15% of the total workforce labor hours be performed by qualified apprentices; requires that projects receiving federal assistance comply with federal prevailing wage requirements; and allows the issuance of tax-exempt private activity bonds for qualified carbon dioxide capture facilities.

COVER Now Act

United States · United States Congress · 17 June 2021

Cover Outstanding Vulnerable Expansion-eligible Residents Now Act or the COVER Now Act This bill establishes a demonstration program to allow local governments to provide health benefits to the Medicaid expansion population in states that have not expanded Medicaid. Under the program, local governments may provide coverage for individuals who are newly eligible for Medicaid under the Patient Protection and Affordable Care Act (i.e., the Medicaid expansion population) for a maximum of 10 years, or until their respective states expand Medicaid. The bill provides a 100% federal matching rate for the first three years of program participation. The bill prohibits states from taking certain actions against participating localities, such as withholding funding, increasing taxes, or restricting provider participation. States that violate these requirements are subject to certain funding penalties.

Promoting Employment of Skilled Workers and Foster Youth Act of 2021

United States · United States Congress · 17 June 2021

Promoting Employment of Skilled Workers and Foster Youth Act of 2021 This bill expands the work opportunity tax credit to (1) allow the rehiring of certain construction industry employees participating in an apprenticeship program, and (2) include qualified pre-apprenticeship graduates and foster care transition youth as targeted group members for purposes of the credit.

Trade Adjustment Assistance Modernization Act of 2021

United States · United States Congress · 17 June 2021

Trade Adjustment Assistance Modernization Act of 2021 This bill reauthorizes through FY2028 and otherwise revises the Trade Adjustment Assistance Program, including by expanding program eligibility to additional workers, increasing relocation and job search allowances, establishing a child care allowance, and expanding eligibility for and increasing the maximum benefit of wage insurance. The bill also permanently extends the tax credit for health insurance costs and increases the percentage of such credit.

TELEHEALTH HSA Act of 2021

United States · United States Congress · 17 June 2021

Telemedicine Everywhere Lifting Everyone's Healthcare Experience And Long Term Health HSA Act of 2021 or the TELEHEALTH HSA Act of 2021 This bill makes permanent the preferred treatment of telehealth and other remote care services for purposes of health savings accounts.

Qualified Health Savings Account Distribution Act of 2021

United States · United States Congress · 17 June 2021

Qualified Health Savings Account Distribution Act of 2021 This bill modifies the rules for using a conversion or termination of a flexible spending account or a health reimbursement arrangement to establish a health savings account.

Health Savings Account Expansion Act of 2021

United States · United States Congress · 17 June 2021

Health Savings Account Expansion Act of 2021 This bill permits individuals who are not enrolled in a high deductible health plan to participate in health savings accounts (HSAs). It also increases the allowable amount of the deduction for contributions to HSAs.

A bill to amend the Internal Revenue Code of 1986 to allow for contributions to the Alzheimer's Research and Caregiving Trust Fund, and for other purposes.

United States · United States Congress · 17 June 2021

This bill establishes the Alzheimer's Research and Caregiving Trust Fund to pay for research regarding the treatment or cure of Alzheimer's disease and for education, counseling, respite, and other supportive services for individuals with Alzheimer's disease and their families, caregivers, and health care professionals. The bill allows taxpayers an election to contribute a whole dollar amount to the trust fund when they file their tax returns.

FABS Act

United States · United States Congress · 17 June 2021

Facilitating American-Built Semiconductors Act or the FABS Act This bill allows a new tax credit for investment in a semiconductor manufacturing facility and semiconductor manufacturing property.

Children's Budget Act

United States · United States Congress · 17 June 2021

Children's Budget Act This bill requires the President's annual budget submission to include a detailed and separate analysis of existing and requested levels of (1) spending for children and children's programs, and (2) tax expenditures relating to children.

REVIEW OF THE FISCAL YEAR 2022 BUDGET AND 2023 ADVANCE APPROPRIATIONS REQUESTS FOR THE DEPARTMENT OF VETERANS AFFAIRS

United States · United States Senate · 16 June 2021

DEPARTMENTS OF LABOR, HEALTH AND HUMAN SERVICES, AND EDUCATION, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2022

United States · United States Senate · 16 June 2021

TRANSPORTATION, HOUSING AND URBAN DEVELOPMENT, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2022

United States · United States Senate · 16 June 2021

DEPARTMENT OF THE INTERIOR, ENVIRONMENT AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2022

United States · United States Senate · 16 June 2021

[H.A.S.C. No. 117-46] DEPARTMENT OF THE AIR FORCE FISCAL YEAR 2022 BUDGET REQUEST

United States · United States House of Representatives · 16 June 2021

MILITARY CONSTRUCTION, VETERANS AFFAIRS, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2022

United States · United States Senate · 16 June 2021

MILITARY CONSTRUCTION, VETERANS AFFAIRS, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2022

United States · United States Senate · 16 June 2021

THE PRESIDENT'S FISCAL YEAR 2022 BUDGET

United States · United States Senate · 16 June 2021

For the People Act of 2021

United States · United States Congress · 16 June 2021

For the People Act of 2021 This bill addresses voter access, election integrity and security, campaign finance, and ethics for the three branches of government. Specifically, the bill expands voter registration (e.g., automatic and same-day registration) and voting access (e.g., vote-by-mail and early voting). It also limits removing voters from voter rolls. The bill requires states to establish independent redistricting commissions to carry out congressional redistricting. Additionally, the bill sets forth provisions related to election security, including sharing intelligence information with state election officials, supporting states in securing their election systems, developing a national strategy to protect U.S. democratic institutions, establishing in the legislative branch the National Commission to Protect United States Democratic Institutions, and other provisions to improve the cybersecurity of election systems. Further, the bill addresses campaign finance, including by expanding the prohibition on campaign spending by foreign nationals, requiring additional disclosure of campaign-related fundraising and spending, requiring additional disclaimers regarding certain political advertising, and establishing an alternative campaign funding system for certain federal offices. The bill addresses ethics in all three branches of government, including by requiring a code of conduct for Supreme Court Justices, prohibiting Members of the House from serving on the board of a for-profit entity, and establishing additional conflict-of-interest and ethics provisions for federal employees and the White House. The bill requires the President, the Vice President, and certain candidates for those offices to disclose 10 years of tax returns.

Disaster Tax Relief Act of 2021

United States · United States Congress · 16 June 2021

Disaster Tax Relief Act of 2021 This bill sets forth tax relief provisions for taxpayers residing in a disaster zone. Specifically, the bill allows penalty-free qualified disaster distributions from tax-exempt retirement plans up to $100,000; allows recontributions of distributions for home purchases cancelled due to disasters; increases to $100,000 the limit on loans from retirement plans not treated as distributions; allows an employee retention tax credit for 40% of wages paid by employers affected by a disaster; expands eligibility for disaster-related personal casualty losses; allows exclusions from gross income, for income tax purposes, of amounts received from state-based catastrophe loss mitigation programs and emergency agricultural assistance; suspends the limitation on corporate charitable contributions; allows the Small Business Administration to award grants to accomodate extraordinary occurrences having a catastrophic impact on small business concerns; and allows a new tax credit for 30% of qualified wildfire mitigation expenditures.

MADE in America Act

United States · United States Congress · 16 June 2021

Manufacturing API, Drugs, and Excipients in America Act or the MADE in America Act This bill establishes a tax credit for taxpayers engaged in medical production activities in certain areas and contains other provisions related to pharmaceuticals. An eligible taxpayer may claim a tax credit equal to 25% of qualified expenditures related to the production of pharmaceuticals, medical devices, or other related items in a designated qualified opportunity zone with a poverty rate higher than 30%. The bill provides for increases to this tax credit in certain situations, such as if a substantial portion of the employees reside in areas with certain poverty levels. In addition, the Food and Drug Administration (FDA) must continue programs to facilitate the development and review of new drug or biological products that are manufactured using certain advanced manufacturing technologies. The bill imposes various requirements on these programs, including deadlines for evaluating such a technology. Furthermore, the Department of Health and Human Services must ensure timely and effective internal coordination and alignment between FDA field investigators and the staff of the Center for Drug Evaluation and Research's Office of Compliance and Drug Shortage Program regarding reports and feedback related to facility inspections.

It’s About Time Act

United States · United States Congress · 16 June 2021

It's About Time Act This bill changes the calendar period for the federal fiscal year (currently October 1-September 30) to January 1-December 31 beginning in 2023.

Local Journalism Sustainability Act

United States · United States Congress · 16 June 2021

Local Journalism Sustainability Act This bill allows individual and business taxpayers tax credits for the support of local newspapers and media. Specifically, individual taxpayers may claim an income tax credit up to $250 for a local newspaper subscription. The bill also allows local newspaper employers a payroll tax credit for wages paid to an employee for service as a local news journalist and certain small businesses a tax credit for local newspaper and media advertising expenses.

Segal AmeriCorps Education Award Tax Relief Act of 2021

United States · United States Congress · 16 June 2021

Segal AmeriCorps Education Award Tax Relief Act of 2021 This bill modifies the requirements for calculating taxable income to exclude from gross income any AmeriCorps educational awards provided under the National and Community Service Act of 1990.

SHELTER Act

United States · United States Congress · 16 June 2021

SHELTER Act This bill allows a tax credit to individuals and businesses for disaster mitigation expenditures. The allowable amount of such credit is 25% of the mitigation expenditures, up to $5,000 in any taxable year.

Support UNFPA Funding Act

United States · United States Congress · 16 June 2021

Support UNFPA Funding Act This bill authorizes annual contributions to support the core functions and programs of the United Nations Population Fund for the five fiscal years following the bill's enactment.

Agriculture Environmental Stewardship Act of 2021

United States · United States Congress · 16 June 2021

Agriculture Environmental Stewardship Act of 2021 This bill allows energy tax credits through 2023 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.

Segal AmeriCorps Education Award Tax Relief Act of 2021

United States · United States Congress · 16 June 2021

Segal AmeriCorps Education Award Tax Relief Act of 2021 This bill modifies the requirements for calculating taxable income to exclude from gross income any AmeriCorps educational awards provided under the National and Community Service Act of 1990.

MADE in America Act

United States · United States Congress · 16 June 2021

Manufacturing API, Drugs, and Excipients in America Act or the MADE in America Act This bill establishes a tax credit for taxpayers engaged in medical production activities in certain areas and contains other provisions related to pharmaceuticals. An eligible taxpayer may claim a tax credit equal to 25% of qualified expenditures related to the production of pharmaceuticals, medical devices, or other related items in a designated qualified opportunity zone with a poverty rate higher than 30%. The bill provides for increases to this tax credit in certain situations, such as if a substantial portion of the employees reside in areas with certain poverty levels. In addition, the Food and Drug Administration (FDA) must continue programs to facilitate the development and review of new drug or biological products that are manufactured using certain advanced manufacturing technologies. The bill imposes various requirements on these programs, including deadlines for evaluating such a technology. Furthermore, the Department of Health and Human Services must ensure timely and effective internal coordination and alignment between FDA field investigators and the staff of the Center for Drug Evaluation and Research's Office of Compliance and Drug Shortage Program regarding reports and feedback related to facility inspections.

Save Our Future Act

United States · United States Congress · 16 June 2021

Save Our Future Act This bill imposes a fee on certain fossil fuels, including coal, petroleum products, and natural gas. It also imposes fees on fluorinated greenhouse gases imported into the United States and on facilities that emit greenhouse gases from processes other than fossil fuel combustion. The bill provides rebates to middle- and low-income taxpayers equal to $800 ($1,600 for joint returns), plus $300 times the number of taxpayer dependents. The bill directs the Department of the Treasury to provide cost mitigation grants to states and Indian tribes to assist with the transition to a low-carbon economy, assist rural households in reducing energy expenses, and for assistance to displaced coal industry workers. The bill creates an Office of Energy Veterans Assistance. It also provides funds through FY2032 for community assistance programs, including the Appalachian Regional Commission Revitalization Initiative and the Coal Communities Assistance Initiative. The bill provides funds for each fiscal year after FY2022 for assistance to environmental justice communities (i.e., communities most impacted by environmental harms and risks).

DEPARTMENT OF DEFENSE AUTHORIZATION FOR APPROPRIATIONS FOR FISCAL YEAR 2022 AND THE FUTURE YEARS DEFENSE PROGRAM

United States · United States Senate · 15 June 2021

THE PRESIDENT'S BUDGET REQUEST FOR THE DEPARTMENT OF ENERGY FOR FISCAL YEAR 2022

United States · United States Senate · 15 June 2021

[H.A.S.C. No. 117-44] HEARING ON NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2022 AND OVERSIGHT OF PREVIOUSLY AUTHORIZED PROGRAMS BEFORE THE COMMITTEE ON ARMED SERVICES HOUSE OF REPRESENTATIVES ONE HUNDRED SEVENTEENTH CONGRESS FIRST SESSION

United States · United States House of Representatives · 15 June 2021

[H.A.S.C. No. 117-45] FISCAL YEAR 2022 BUDGET REQUEST FOR MISSILE DEFENSE AND MISSILE DEFEAT PROGRAMS

United States · United States House of Representatives · 15 June 2021

AGRICULTURE, RURAL DEVELOPMENT, FOOD AND DRUG ADMINISTRATION, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2022

United States · United States Senate · 15 June 2021

COMMERCE, JUSTICE, SCIENCE, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2022

United States · United States Senate · 15 June 2021

H–2B Returning Worker Exception Act of 2021

United States · United States Congress · 15 June 2021

H-2B Returning Worker Exception Act of 2021 This bill modifies the H-2B (temporary nonagricultural workers) nonimmigrant visa program, including by exempting certain workers from an annual numerical limit on such visas and requiring civil penalties for program violations. Under this bill, if a worker seeking a H-2B visa has been counted toward the 66,000 annual cap on such visas in one of the three preceding fiscal years, that worker shall not be counted against the cap again. Furthermore, the Department of Homeland Security (DHS) must impose a civil monetary penalty on an employer for (1) failing to meet requirements related to an H-2B visa petition, or (2) making a willful misrepresentation of material fact in such a petition. DHS must also ensure the establishment of an electronic platform (1) for employers to submit and request approval of an H-2B petition, and (2) to act as a single point of access for applicants and the relevant government agencies. The Department of Labor must maintain a publicly available online database of all job orders by H-2B employers. Furthermore, Labor may take certain actions to enforce program requirements, such as imposing penalties and seeking injunctions. The bill provides statutory authority for the current practice of limiting the program to workers who are nationals of countries approved by DHS. DHS may make exceptions to this limitation in individual cases if it is in the U.S. interest to do so. DHS shall select approved countries based on various factors, such as the rate of overstay by H-2B visa holders from each country.

21st Century Aerospace Infrastructure Act of 2021

United States · United States Congress · 15 June 2021

21st Century Aerospace Infrastructure Act of 202 1 This bill directs the Department of Transportation (DOT) to establish a pilot program, through FY2023, to issue grants to operators of space launch and reentry sites for projects to construct, repair, maintain, or improve transportation infrastructure and facilities at such sites. Launch site is defined as the location on Earth from which a launch takes place and necessary facilities at that location, and reentry site is defined as the location on Earth to which a reentry vehicle (i.e., spacecraft) is intended to return. Grants issued to an operator may not exceed $2.5 million for a fiscal year. DOT may issue supplemental grants to operators in support of state, local, or private matching under specified conditions.

To amend the Federal Trade Commission Act to permit the Federal Trade Commission to enforce such Act against certain tax-exempt organizations.

United States · United States Congress · 15 June 2021

This bill provides the Federal Trade Commission with enforcement authority over certain tax-exempt, charitable organizations.

Reducing COVID–19 Disparities by Investing in Public Health Act

United States · United States Congress · 15 June 2021

Reducing COVID-19 Disparities by Investing in Public Health Act This bill provides additional funding for FY2021 and subsequent fiscal years to specified components of the Department of Health and Human Services, including the Centers for Disease Control and Prevention, the National Institute on Minority Health and Disparities, and the Office of Minority Health.

Tax Fairness Act of 2021

United States · United States Congress · 15 June 2021

Tax Fairness Act of 2021 This bill modifies the tax treatment of partnership interests held in connection with the performance of services. The bill requires certain income from the partnerships to be treated as ordinary income rather than as capital gains.