Taxation

THE DEPARTMENT OF HOMELAND SECURITY FISCAL YEAR 2018 BUDGET REQUEST

United States · United States Senate · 6 June 2017

DEPARTMENTS OF LABOR, HEALTH AND HUMAN SERVICES, AND EDUCATION, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2018

United States · United States Senate · 6 June 2017

DEPARTMENT OF DEFENSE AUTHORIZATION FOR APPROPRIATIONS FOR FISCAL YEAR 2018 AND THE FUTURE YEARS DEFENSE PROGRAM

United States · United States Senate · 6 June 2017

Invent and Manufacture in America Act

United States · United States Congress · 6 June 2017

Invent and Manufacture in America Act This bill amends the Internal Revenue Code, with respect to the research tax credit, to allow an increased credit for qualified domestic manufacturers. A "qualified domestic manufacturer" is a taxpayer who has domestic production gross receipts that are more than 50% of total gross receipts.

Welfare Reform and Upward Mobility Act

United States · United States Congress · 5 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 FY2019-FY2029 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.

Veteran Small Business Tax Credit Act of 2017

United States · United States Congress · 30 May 2017

Veteran Small Business Tax Credit Act of 201 7 This bill amends the Internal Revenue Code to allow a new business-related tax credit for the start-up expenses of a veteran-owned small business. The allowable amount of such credit is 15% of start-up expenditures that do not exceed $80,000. The credit is allowed to any individual (or the surviving spouse of such individual) who: (1) has served on active duty in the Armed Forces, and (2) has not been discharged or released from the Armed Forces under dishonorable conditions.

Jobs and Trade Competitiveness Act

United States · United States Congress · 26 May 2017

Jobs and Trade Competitiveness Act This bill establishes: (1) an Office of the Congressional Trade Enforcer; (2) an Office of Market Access Assistance; (3) a Trade Enforcement Division within the Office of the U.S. Trade Representative (USTR), headed by a Deputy U.S. Trade Representative for Trade Enforcement; (4) the Office of Trade Assistance for Small Business; (5) the Chief Manufacturing Negotiator; and (6) the Congressional Advisory Commission on WTO Dispute Settlement to provide advice to Congress on the operation of the dispute settlement system of the World Trade Organization. The bill amends the Tariff Act of 1930 regarding: (1) the imposition of countervailing duties to address subsidies relating to fundamentally undervalued currencies; and (2) the establishment of procedures for the protection of business proprietary information from public disclosure, with respect to the investigation of claims of evasion of antidumping and countervailing duty orders. The bill amends the Internal Revenue Code to provide a tax credit for insourcing expenses and to deny a deduction for outsourcing expenses. The USTR shall identify those foreign country trade practices that cause negative environmental impacts on human, animal, or plant life or health, or exhaustible natural resources in the United States, the foreign country, a third country, or internationally, and periodically report on such practices. The Government Accountability Office shall report assessing progress in: (1) achieving compliance by other countries with commitments made under specified international fora, and (2) ensuring that goods made with child labor do not enter the customs territory of the United States.

DEPARTMENT OF HOMELAND SECURITY APPROPRIATIONS FOR FISCAL YEAR 2018

United States · United States Senate · 25 May 2017

[H.A.S.C. No. 115-51] Fiscal Year 2018 Priorities For Nuclear Forces and Atomic Energy Defense Activity

United States · United States House of Representatives · 25 May 2017

FISCAL YEAR 2018 BUDGET PROPOSALS FOR THE DEPARTMENT OF THE TREASURY AND TAX REFORM

United States · United States Senate · 25 May 2017

[H.A.S.C. No. 115-50]HEARING ON NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2018 AND OVERSIGHT OF PREVIOUSLY AUTHORIZED PROGRAMS

United States · United States House of Representatives · 25 May 2017

Border Security and Immigration Enforcement Act of 2017

United States · United States Congress · 25 May 2017

Border Security and Immigration Enforcement Act of 2017 This bill amends the Immigration and Nationality Act to replace the diversity visa program with a paying immigrant program under which an immigrant visa can be obtained by paying a $1 million fee (and a $500,000 fee for an accompanying child under the age of 18). The bill establishes a fiscal year limit of 55,000 visas for such immigrants. A Border Security and Immigration Enforcement Account is established in the Treasury for such fees (except for certain of such fees allocated to individuals who facilitate the application process for such immigrants) which shall be used for U.S. Immigration and Customs Enforcement and U.S. Customs and Border Protection. Such an immigrant who otherwise meets the naturalization requirements shall be naturalized within two years (rather than five years) of being lawfully admitted for permanent residence.

SWINE Act

United States · United States Congress · 25 May 2017

Swine Waste Infrastructure and Natural Environment Act or the SWINE Act This bill establishes a program to certify environmentally sustainable swine waste disposal technologies and authorizes related tax credits and grants. The Department of Agriculture (USDA) must certify technologies that: eliminate animal discharge into surface waters and groundwater through direct discharge, seepage, or runoff; substantially eliminate atmospheric emissions of ammonia from swine waste; substantially eliminate the emission of odor from swine waste that is detectable beyond the boundaries of the parcel or tract of land on which the swine farm is located; substantially eliminate the release of disease-transmitting vectors and airborne pathogens from swine waste; substantially eliminate nutrient and heavy metal contamination of soil and groundwater from swine waste; and are cost-effective. States may not issue permits, pursuant to any federal law, to a swine farm that is a concentrated animal feeding operation unless the farm disposes of swine waste using a certified technology. The bill amends several agricultural laws to: require USDA to make competitive grants for activities to identify, evaluate, and demonstrate environmentally superior swine waste management technologies; permit the Pork Promotion Board to use its funding for activities related to the grants; and make the installation and maintenance of a certified technology on a swine farm eligible for the Environmental Quality Incentives Program. The bill amends the Internal Revenue Code to allow tax credits for: (1) the installation of a certified swine waste disposal technology, and (2) the disposal of swine waste using certified technology.

Economic Growth and Development Act

United States · United States Congress · 25 May 2017

Economic Growth and Development Act This bill requires the President to establish a primary interagency mechanism to coordinate U.S. development assistance programs carried out by federal agencies overseas with private sector investment activities. The mechanism shall: streamline the private-sector liaison, coordination, and investment promotion functions of such agencies; facilitate the use of development and finance tools across such agencies to attract greater participation in development activities by the private sector; and establish a single point of contact for U.S. private sector entities pursuing partnership opportunities with such agencies. Federal agencies planning or providing U.S. development assistance overseas shall ensure that: (1) a rigorous analysis of the constraints to economic growth and investment within a recipient country guides any U.S. development strategy, and (2) U.S. development strategies are coordinated with private sector activities in such countries. Each analysis shall identify and analyze: (1) the constraints posed by inadequacies in critical infrastructure, the education system, the rule of law, the tax and investment codes, or the customs or regulatory regimes in the recipient country; and (2) the particular economic sectors that are central to achieving economic growth in the recipient country. The results of each analysis shall be: (1) incorporated into any relevant development strategy, and (2) used to guide the allocation of resources by federal agencies planning or providing U.S. development assistance overseas.

OOPs Act

United States · United States Congress · 25 May 2017

Oppose Oversharing by Presidents Act or the OOPs Act This bill amends the Intelligence Authorization Act for Fiscal Year 2013 to require the National Security Council, in consultation with the Department of Justice and the Office of the Director of National Intelligence, to ensure a mitigation process and protocols are in place if the President publicly discloses classified intelligence without notifying the congressional intelligence committees. If the President authorizes the public disclosure of classified information, the President is responsible for notifying the congressional intelligence committees of that disclosure.

Seniors' Tax Simplification Act of 2017

United States · United States Congress · 25 May 2017

Seniors' Tax Simplification Act of 201 7 This bill directs the Internal Revenue Service to make available to taxpayers who have turned age 65 at the close of the taxable year a new federal income tax Form 1040SR (similar to the existing Form 1040EZ). Such taxpayers can use this new form even if their income includes: (1) Social Security benefits; (2) distributions from qualified retirement plans, annuities, or other such deferred payment arrangements; (3) interest and dividends; or (4) capital gains and losses. The form must be available without regard to the amount of any item of taxable income or the total amount of taxable income for the taxable year.

Veterans Independent Living Enhancement Act

United States · United States Congress · 25 May 2017

Veterans Independent Living Enhancement Act This bill repeals provisions that: (1) prohibit the initiation of Department of Veterans Affairs programs providing independent living services and assistance for more than 2,700 veterans in each fiscal year, and (2) require giving first priority under such programs to veterans for whom the reasonable feasibility of achieving a vocational goal is precluded solely as a result of disability.

Workforce Development Investment Act of 2017

United States · United States Congress · 25 May 2017

Workforce Development Investment Act of 2017 This bill amends the Internal Revenue Code to allow employers a business-related tax credit of $5,000 for each community college, other institution of higher education, or area career and technical education school engaged in a qualified partnership with the employer. The bill allows a maximum credit of $20,000 in any taxable year. Within six months of the enactment of this bill, the Department of Education must define the term "qualified partnership." The term must include a partnership through which an employer: (1) collaborates with an educational institution to help develop curriculum in order to improve workforce development and job training for students; (2) helps provide instruction to students in the classroom; and (3) provides internships, apprenticeships, or other similar educational opportunities in the workplace for students. This bill also allows employers a worker training tax credit equal to the lesser of: 50% of the job training program expenditures for a full-time employee participating in a qualified training program, or $5,000. A "qualified training program" is: (1) a qualified partnership, or (2) an apprenticeship program registered and certified with the Department of Labor under the National Apprenticeship Act.

Restoring Accountability in the Indian Health Service Act of 2017

United States · United States Congress · 25 May 2017

Restoring Accountability in the Indian Health Service Act of 2017 This bill amends the Indian Health Care Improvement Act to require the Department of Health and Human Services (HHS) to establish a pay system for health care professionals employed by Indian Health Service (IHS) that is competitive with the salary of health care professionals employed by the Veterans Health Administration. HHS may establish incentives related to IHS employee recruitment and retention by providing relocation costs and rental assistance to employees under certain circumstances. In addition, IHS must: centralize its credentialing system for licensed health professionals seeking to provide health care services at its facilities, establish standards to measure the timeliness of health care services in its facilities, implement an annual mandatory program that provides cultural training for certain IHS employees and contractors, and establish a demonstration project to provide additional staffing resources to understaffed IHS facilities. Liability protections are given to certain health care professionals who volunteer at IHS facilities. The bill expands the IHS student loan repayment program to include loan repayments for degrees related to health administration. HHS may: (1) directly hire candidates to positions within IHS; and (2) remove, transfer, or demote certain IHS employees based on performance or misconduct. HHS must establish a tribal consultation policy for IHS. The bill establishes: (1) whistle blower protections for IHS employees, and (2) requirements concerning IHS fiscal accountability and transparency.

Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017

United States · United States Congress · 25 May 2017

Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017 This bill modifies various prohibitions on money laundering. It requires that for certain reporting requirements, a blank check shall be considered to have a value of more than $10,000 if it was drawn on an account that contained more than $10,000. Whoever violates a currency smuggling law is subject to fines, which may be enhanced in aggravated cases. Commingled funds and aggregated transactions can be counted towards the value requirement for offenses involving prohibited monetary transactions derived from specified unlawful activity. Persons who conspire to violate the prohibition against unlicensed money services businesses shall be subject to the same penalty as the underlying offense. This bill establishes various criminal offenses pertaining to money services businesses. It shall be a federal offense to conduct certain financial transactions that involve the proceeds of specified unlawful activity. If a person is charged with an offense under the federal criminal code, title 31, or the Controlled Substances Act for which forfeiture is authorized, the government may apply for an ex parte order freezing the person's bank accounts. The international money laundering statute shall apply to tax evasion. The Department of the Treasury or the Department of Justice may issue a subpoena to any foreign bank that maintains a correspondent account in the United States. The bill makes it unlawful to knowingly conceal to a financial institution a material fact concerning the ownership of an account with a financial institution.

Agricultural Worker Program Act of 2017

United States · United States Congress · 25 May 2017

Agricultural Worker Program Act of 2017 This bill authorizes the Department of Homeland Security (DHS) to confer blue card status upon an alien who: (1) has performed specified periods of U.S. agricultural employment or is a qualifying alien's spouse or child, (2) has been physically present in the United States for a qualifying period, (3) applied for such status during the application period, (4) is not ineligible under specified grounds for such status, (5) has passed security and law enforcement clearances, and (6) has paid the required fees and penalties. Blue card status is limited to eight years. A blue card alien (individual) may: (1) work in the United States, and (2) travel from and return to the United States, including commuting to the United States from a foreign residence. DHS shall adjust an individual's blue card status to lawful permanent resident status if the individual: (1) performs a specified period of qualifying agricultural employment, (2) applies before the expiration of his or her blue card status, and (3) pays a required fine and satisfies any federal tax liability. The bill also provides for status adjustment of such an individual's qualifying spouse and child. The bill enumerates: (1) grounds for revocation of blue card status or denial of permanent resident status, (2) protections for aliens apprehended before or during the application period or in removal proceedings, and (3) employer protections. Such an individual: (1) is ineligible for any federal means-tested benefit, and (2) may correct certain social security records. DHS shall report to Congress, after six months and annually for the next eight years, on the blue card program.

Restoring Accountability in the Indian Health Service Act of 2017

United States · United States Congress · 25 May 2017

Restoring Accountability in the Indian Health Service Act of 2017 This bill amends the Indian Health Care Improvement Act to require the Department of Health and Human Services (HHS) to establish a pay system for health care professionals employed by Indian Health Service (IHS) that is competitive with the salary of health care professionals employed by the Veterans Health Administration. HHS may establish incentives related to IHS employee recruitment and retention by providing relocation costs and rental assistance to employees under certain circumstances. In addition, IHS must: centralize its credentialing system for licensed health professionals seeking to provide health care services at its facilities, establish standards to measure the timeliness of health care services in its facilities, implement an annual mandatory program that provides cultural training for certain IHS employees and contractors, and establish a demonstration project to provide additional staffing resources to understaffed IHS facilities. Liability protections are given to certain health care professionals who volunteer at IHS facilities. The bill expands the IHS student loan repayment program to include loan repayments for degrees related to health administration. HHS may: (1) directly hire candidates to positions within IHS; and (2) remove, transfer, or demote certain IHS employees based on performance or misconduct. HHS must establish a tribal consultation policy for IHS. The bill establishes: (1) whistle blower protections for IHS employees, and (2) requirements concerning IHS fiscal accountability and transparency.

Foster EITC Act of 2017

United States · United States Congress · 25 May 2017

Foster EITC Act of 2017 This bill amends the Internal Revenue Code, with respect to the earned income tax credit, to: (1) expand the age range at which individuals without qualifying children are eligible for the credit to include individuals who have attained age 21 but not 68 (25 but not 65 under current law), and (2) make qualified foster youth eligible for the credit. A "qualified foster youth" is an individual who: (1) has attained age 18 but not attained age 21 before the close of the taxable year, and (2) on or after attaining the age of 14 was placed in a foster family home by a state, a political subdivision of the state, or a qualified foster care placement agency.

Small Business Tax Relief and Jobs Act of 2017

United States · United States Congress · 25 May 2017

Small Business Tax Relief and Jobs Act of 2017 This bill amends the Internal Revenue Code to allow eligible small businesses an annual tax credit equal to 3.825% of the wages paid to up to three newly hired employees. The wages taken into account with respect to any employee may not exceed $100,000 per year. An "eligible small business" must have under $1.5 million in gross receipts and no more than 20 full-time employees during the preceding taxable year.

Truth in Settlements Act of 2017

United States · United States Congress · 25 May 2017

Truth in Settlements Act of 2017 This bill sets forth new requirements for the public disclosure of any covered settlement agreement entered into by a federal executive agency. The bill defines "covered settlement agreement" as a settlement agreement (including a consent decree) that: (1) is entered into by an executive agency, (2) relates to an alleged violation of federal civil or criminal law, and (3) requires the payment of at least $1 million by one or more non-federal persons (entities not within the federal government). Each executive agency must make publicly available on the agency website a list of each covered settlement agreement entered into by the agency, which shall include: (1) the names of the parties to the settlement agreement and the date of such agreement; (2) a description of the claims that were settled under the agreement; (3) the amount each party to the agreement is obligated to pay under the terms of the agreement and the total amounts required to be paid; and (4) for each settling party, the amount the settling party is obligated to pay that has been expressly specified as a civil penalty or fine and as not deductible for tax purposes. The bill requires: (1) such information to remain publicly available for not less than five years, beginning on the date of the agreement; and (2) a copy of a covered settlement agreement to remain publicly available for a period of not less than one year, beginning on the date of the agreement, or for at least five years for an agreement under which a non-federal person is required to pay not less than $50 million. The bill limits the disclosure of provisions of a covered settlement agreement that are subject to a confidentiality agreement. The issuer of securities subject to reporting requirements under the Securities Exchange Act of 1934 must describe in required reports any claim of a tax deduction relating to a payment under a covered settlement agreement.

21st Century Investment Act of 2017

United States · United States Congress · 25 May 2017

21st Century Investment Act of 201 7 This bill amends the Internal Revenue Code to: (1) modify the tax credit for increasing research activities to allow an increased 25% tax credit rate for expenses for research, substantially all of which occurs in the United States; and (2) increase to 15%, through 2024, the tax deduction for income attributable to domestic manufacturing production activities for which substantially all of the research and development occurred in the United States.

Accountability for Congressional Pay Act

United States · United States Congress · 25 May 2017

Accountability for Congressional Pay Act This bill amends the Legislative Reorganization Act of 1946 to reduce the pay of Members of Congress for any year following a fiscal year in which the Office of Management and Budget determined that there was a federal budget deficit. During the next calendar year that begins after a fiscal year in which there was a budget deficit: (1) congressional salaries must be reduced by the percentage by which outlays exceeded revenues for that fiscal year, except that the reduction may not exceed 15%; and (2) a cost-of-living adjustment is prohibited.

Recognizing May 29, 2017, as "National 529 Day".

United States · United States Congress · 25 May 2017

Recognizes National 529 Day and the opportunities that 529 savings plans provide American families to save for education.

Washington, D.C. Admission Act

United States · United States Congress · 25 May 2017

Washington, D.C. Admission Act This bill provides for admission into the United States of the state of Washington, Douglass Commonwealth. The Commonwealth shall be admitted to the Union on an equal footing with the other states. The Mayor of the District of Columbia shall issue a proclamation for the first elections to Congress of two Senators and one Representative of the Commonwealth. The Commonwealth shall consist of all Washington, DC territory as of enactment of this bill, with specified exclusions for federal buildings and monuments. The Commonwealth may not impose taxes on federal property except as Congress permits. The bill applies current DC laws to the Commonwealth and continues pending judicial proceedings. The bill maintains: (1) DC as the seat of the federal government, and (2) the federal government's authority over military lands and specified other property. The bill provides for expedited consideration of a joint resolution repealing the Twenty-Third Amendment to the Constitution (which provides for the appointment of electors for President and Vice President).

Dry Cask Storage Act of 2017

United States · United States Congress · 25 May 2017

Dry Cask Storage Act of 2017 This bill amends the Nuclear Waste Policy Act of 1982 to require each licensee of the Nuclear Regulatory Commission (NRC) to submit a plan for: (1) transfer (including on-going additional transfers) to spent nuclear fuel dry casks of any spent nuclear fuel stored by the licensee for at least seven years in spent nuclear fuel pools, and (2) configuration of the remaining spent nuclear fuel in the pool in a manner that minimizes the chance of a fire if there is a loss of water in the pool. The NRC must approve or disapprove the plan within 90 days after its submission. The NRC may provide grants to any licensee with an approved plan to assist in the cost of transferring spent nuclear fuel to dry casks under the plan. The bill requires the emergency planning zone applicable to each civilian nuclear power reactor to be at least 10 miles in radius until all spent nuclear fuel at the reactor has been transferred to dry casks. The NRC must expand to 50 miles in radius the emergency planning zone applicable to each reactor not in compliance with an approved plan. The licensee is responsible for all costs associated with the expansion. The Department of the Treasury must transfer annually to the NRC, to pay the costs of the grant program, 10% of the interest generated during the preceding fiscal year from investments of the Nuclear Waste Fund.

Health Care for Small Business Act

United States · United States Congress · 25 May 2017

Health Care for Small Business Act This bill amends the Internal Revenue Code, with respect to the tax credit for the employee health insurance expenses of small employers, to: (1) repeal the two-year limit on the credit period to permit certain small employers to be eligible for the credit in any year, (2) replace the formula for the phaseout of the credit based on the number of employees and average annual wages with a new phaseout formula based only on average annual wages, (3) permit certain employers that have no more than 50 employees (25 under current law) to be eligible for the credit, (4) modify the limit on the average annual wages of an eligible small employer, and (5) provide for a cost-of-living adjustment after 2017.

LOSAP CAP Act

United States · United States Congress · 25 May 2017

Length of Service Award Program Cap Adjustment Priority Act or the LOSAP CAP Act This bill amends the Internal Revenue Code, with respect to deferred compensation plans, to increase the limit on accruals that is required for length of service award plans (LOSAPs) for bona fide volunteers to be exempt from treatment as a deferred compensation plan. (Under current law, plans paying solely length of service awards to bona fide volunteers or their beneficiaries on the account of firefighting and prevention services, emergency medical services, and ambulance services performed by the volunteers are not treated as deferred compensation plans if they meet certain requirements. One of the requirements is a limit on the aggregate amount of length of service awards that may accrue with respect to any year of service for any bona fide volunteer.) The bill modifies the limit on accruals to: (1) increase the limit from $3,000 to $6,000; (2) provide for a cost-of-living adjustment to the limit after 2017; and (3) specify that, in the case of LOSAPs that are defined benefit plans, the limit applies to the actuarial present value of the aggregate amount of length of service awards accruing with respect to any year of service.

Volunteer Responder Incentive Protection Act of 2017

United States · United States Congress · 25 May 2017

Volunteer Responder Incentive Protection Act of 201 7 This bill amends Internal Revenue Code, with respect to the tax exclusion for benefits paid to volunteer firefighters and emergency medical providers by states and local governments, to: (1) increase the amount of benefits excludible, and (2) make the tax exclusion permanent.

Family Farmer Bankruptcy Clarification Act of 2017

United States · United States Congress · 25 May 2017

Family Farmer Bankruptcy Clarification Act of 2017 This bill amends the federal bankruptcy code to include an unsecured claim by a governmental unit (e.g., a tax claim by the Internal Revenue Service) resulting from the sale, transfer, exchange, or disposition of farming property in chapter 12 bankruptcy (family farmer or fisherman reorganization) proceedings. Such a claim that arises before a debtor's discharge, regardless of whether the claim is pre-petition or post-petition, must be treated as a pre-petition claim, is not entitled to priority status, must be provided for under the bankruptcy plan, and is dischargeable.

Move America Act of 2017

United States · United States Congress · 25 May 2017

Move America Act of 2017 This bill amends the Internal Revenue Code to allow tax-exempt Move America bonds and tax credits to be used for certain infrastructure projects. A Move America bond is treated as a tax-exempt private facility bond with certain exceptions. At least 95% of the net proceeds from the issuance of the bond must be used for infrastructure projects, including: airports; docks and wharves; mass commuting facilities; facilities for the furnishing of water; sewage facilities; railroads; certain surface transportation projects eligible for federal assistance, projects for an international bridge or tunnel, or facilities for transferring freight from truck to rail or rail to truck; flood diversions; inland waterways; or rural broadband service infrastructure. The bill specifies exceptions and modifications to existing rules for bonds regarding land acquisition, government ownership, rehabilitation expenditures, and the alternative minimum tax. The bonds are subject to a volume cap equal to 50% of a state's current private activity bond volume cap. States may exchange all or a portion of the volume cap for Move America tax credits to be allocated to taxpayers. The credits include: (1) a project credit for a portion of the basis of each qualified project; and (2) an infrastructure fund credit for investments in qualified infrastructure funds, including a state infrastructure bank, a water pollution control revolving fund, or a drinking water treatment revolving loan fund. States must report specified details to the Department of the Treasury regarding the amount of the volume cap exchanged and credits allocated.

The President's Fiscal Year 2018 Budget Proposals with U.S. Secretary Of the Treasury Steven Mnuchin

United States · United States House of Representatives · 24 May 2017

THE PRESIDENT'S FISCAL YEAR 2018 BUDGET

United States · United States House of Representatives · 24 May 2017

[H.A.S.C. No. 115-48] 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 · 24 May 2017

U.S. DEPARTMENT OF VETERANS AFFAIRS BUDGET REQUEST FOR FISCAL YEAR 2018

United States · United States House of Representatives · 24 May 2017

DEPARTMENT OF DEFENSE APPROPRIATIONS FOR FISCAL YEAR 2018

United States · United States Senate · 24 May 2017

Lessening Regulatory Costs and Establishing a Federal Regulatory Budget Act of 2017

United States · United States Congress · 24 May 2017

Lessening Regulatory Costs and Establishing a Federal Regulatory Budget Act of 2017 This bill requires federal agencies to: (1) designate regulatory reform officers to oversee reduction, cost control, planning, review, and termination of regulatory programs; and (2) establish task forces to recommend, within a five-year period, the repeal or amendment of regulations that eliminate or inhibit jobs, impose costs exceeding benefits, create inconsistency, interfere with regulatory reform, are inconsistent with Paperwork Reduction Act guidelines, were made to implement executive orders or presidential directives subsequently rescinded or modified, or are outdated, unnecessary, or ineffective. Any new incremental cost of a new significant regulatory action must be offset by the elimination of existing costs associated with at least two prior regulatory actions. The Office of Management and Budget (OMB) must set a net amount of incremental costs allowed for each agency in issuing new significant regulatory actions and repealing regulatory actions for the each fiscal year. If an agency does not exhaust all the incremental cost allowance for a fiscal year, that remaining balance may be included in the incremental allowance for the subsequent fiscal year. Before proposing a significant regulatory action during FY2018, an agency must identify at least two regulatory actions for repeal. Total incremental cost of all such new significant regulatory actions and any repealed regulatory action must be: (1) no greater than zero, or (2) consistent with an OMB waiver. Agencies must submit an annual regulatory plan to the OMB about: (1) the costs of proposed or finalized regulations, and (2) the economic effects and the net effect on jobs considered when drafting significant regulatory actions. The bill prohibits issuance of a significant regulatory action if it was not included in the most recent version of the published unified agenda of regulations under development or review, unless it was approved by the OMB.

DEDUCT Act

United States · United States Congress · 24 May 2017

Deducting Expenses Derived from Use of Care and Treatment Act or the DEDUCT Act This bill amends the Internal Revenue Code to repeal the requirement that unreimbursed medical expenses exceed 10% of a taxpayer's adjusted gross income before the taxpayer is allowed to claim an itemized deduction for the expenses.

Jobs for Veterans Act of 2017

United States · United States Congress · 24 May 2017

Jobs for Veterans Act of 201 7 This bill amends the Internal Revenue Code to allow an increased work opportunity tax credit for employers who hire veterans who have been certified as discharged or released from active duty in the Armed Forces after September 11, 2001, and who begin work for the employer after December 31, 2016, and before January 1, 2021. This increased credit is in addition to any work opportunity tax credit allowed to a veteran with a service-connected disability.

Child and Dependent Care Tax Credit Enhancement Act of 2017

United States · United States Congress · 24 May 2017

Child and Dependent Care Tax Credit Enhancement Act of 201 7 This bill amends the Internal Revenue Code, with respect to the tax credit for employment-related expenses incurred for the care of a taxpayer's dependent, to: (1) increase to $120,000, the adjusted gross income threshold level above which such credit is incrementally reduced; (2) increase the dollar limit on the allowable amount of such credit; (3) allow an inflation adjustment to the adjusted gross income threshold and the maximum credit amounts, beginning after 2018; and (4) make such credit refundable.

Military Child Educational Freedom Act

United States · United States Congress · 24 May 2017

Military Child Educational Freedom Act This bill amends the Internal Revenue Code, with respect to tax-exempt Coverdell education savings accounts, to permit members of the Armed Forces serving on extended active duty to use the accounts for certain education expenses incurred in connection with a home school that provides elementary or secondary education and is treated under state law as a home school or a private school.

Working Families Relief Act

United States · United States Congress · 24 May 2017

Working Families Relief Act This bill amends the Internal Revenue Code to increase and expand tax incentives for employer-provided dependent care assistance. The bill increases the limit on the amount excludible from the gross income of an employee for employer-provided dependent care assistance and requires annual inflation adjustments to such increased limit after 2018. The bill also allows tax credits for: (1) small employer dependent care assistance program start-up costs, and (2) employer matching contributions for dependent care assistance programs.

A bill to amend the Internal Revenue Code of 1986 to reduce tax rates across the board.

United States · United States Congress · 24 May 2017

This bill amends the Internal Revenue Code to reduce the individual and corporate income tax rates by specified amounts.

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

United States · United States Senate · 23 May 2017

[H.A.S.C. No. 115-47]FISCAL YEAR 2018 BUDGET REQUEST FOR U.S. CYBER COMMAND: CYBER MISSION FORCE SUPPORT TO DEPARTMENT OF DEFENSE OPERATIONS

United States · United States House of Representatives · 23 May 2017

DEPARTMENT OF DEFENSE AUTHORIZATION FOR APPROPRIATIONS FOR FISCAL YEAR 2018 AND THE FUTURE YEARS DEFENSE PROGRAM

United States · United States Senate · 23 May 2017