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551 records in US in 2021
United States · United States Congress · 15 June 2021
Groundsource Exchange Tax Parity Act or the GET Parity Act This bill makes adjustments to the investment tax credit for geothermal heat pump property, specifically a phasedown of the credit rate through 2023.
United States · United States Congress · 15 June 2021
Foreign Funding Accountability Act of 2021 This bill requires institutions of higher education (IHEs) to disclose additional information related to gifts and contracts from foreign sources. Under current law, an IHE is required to disclose in a report to the Department of Education (ED) a gift or contract that is from a foreign source and is valued at $250,000 or more, considered alone or in combination with all other gifts from or contracts with a foreign source. The bill instead requires the IHE to disclose such a gift or contract that is valued at $25,000 or more, considered alone or in combination with all other gifts or contracts. In-kind gifts, gifts to foundations, and gifts to other legal entities that operate substantially for the benefit of the IHE are included in this limit. An IHE must disclose additional information in its report, including the intended purpose and function of the gift or contract. Further, an IHE must disclose gifts and contracts from foreign agents. Next, the bill authorizes ED to impose civil penalties on an IHE for failing to comply with disclosure requirements. An IHE that has violated these disclosure requirements three or more times shall be ineligible to enroll foreign students under the Student and Exchange Visitor Program and shall lose its tax-exempt status. An IHE must submit to ED a report for every qualifying event (e.g., each time it received a gift or contract valued at $25,000 or more) that occurred since October 7, 1998.
United States · United States Congress · 15 June 2021
Hearing Protection Act This bill removes silencers from the definition of firearms for purposes of the National Firearms Act. It also treats persons acquiring or possessing a firearm silencer as meeting any registration and licensing requirements of such Act. The Department of Justice must destroy certain records relating to the registration, transfer, or making of a silencer. The bill also revises the definitions of firearm silencer and firearm muffler under the federal criminal code and includes such items in the 10% excise tax category.
United States · United States Congress · 15 June 2021
IRS Whistleblower Program Improvement Act of 2021 This bill modifies provisions of the Internal Revenue Code relating to whistleblower protections. Specifically, the bill revises the standard for review of whistleblower awards in the Tax Court to require a de novo review standard (currently, the standard is abuse of discretion); exempts whistleblower awards from reductions due to budget sequestration; establishes a rebuttable presumption that whistleblowers would suffer harm if their identities were disclosed in a Tax Court proceeding; modifies the Internal Revenue Service (IRS) whistleblower report to require inclusion of a list and description of the top 10 tax avoidance schemes disclosed by whistleblowers; requires the IRS to pay interest on whistleblower awards if not paid within one year of receipt of proceeds collected from whistleblower disclosures, allows the IRS to retain 3% of whistleblower proceeds (up to $10 million) to pay administrative costs of the whistleblower program; and allows payment of the attorney fees of whistleblowers regardless of whether the whistleblower award was paid through the mandatory or the discretionary whistleblower award program.
United States · United States Congress · 14 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.
United States · United States Congress · 14 June 2021
Protect America's Paper for Recycling Act This bill modifies the tax credit for producing electricity from renewable resources to revise the definition of municipal solid waste . The bill specifies that municipal solid waste does not include paper that is commonly recycled and that has been segregated from other solid waste, or solid waste that is collected as part of a system that does not provide for the separate collection of paper that is commonly recycled from residential solid waste. The bill includes exceptions for incidental and residual waste. In the case of a facility that produces electricity both from municipal solid waste and other solid waste that is not a qualified energy resource (1) the facility is a qualified facility if it otherwise meets the requirements for qualified facilities, and (2) the credit only applies to the portion of the electricity produced from municipal solid waste.
United States · United States Congress · 14 June 2021
This bill expands tax-exempt governmental pension plans to include plans maintained by a tax-exempt public safety agency all of whose employees are emergency response providers performing firefighting services or out-of-hospital emergency medical services.
United States · United States Congress · 14 June 2021
Pro-Growth Budgeting Act This bill requires the Congressional Budget Office and the Joint Committee on Taxation to incorporate a macroeconomic impact analysis in their cost estimates for major legislation. The macroeconomic impact analysis (commonly referred to as dynamic scoring) must include the budgetary effects of changes in economic output, employment, capital stock, tax revenues, the sources of financing new outlays, the total debt of the federal government, international trade, international capital flows, and other macroeconomic variables resulting from the legislation.
United States · United States House of Representatives · 11 June 2021
United States · United States Congress · 11 June 2021
Protecting Individual Sovereignty Through Our Laws Act or the PISTOL Act This bill modifies the definition of rifle for purposes of the National Firearms Act to exclude from such definition a pistol equipped with a rear brace or rear attachment designed to assist the shooter in controlling the pistol. The bill also directs the Department of Justice to amend applicable regulations governing pistols to provide that the presence or absence of rear mounted braces or attachments that can assist a user in controlling the pistol shall not cause a firearm to be considered a pistol.
United States · United States Congress · 11 June 2021
Restoring U.S. Leadership in International Organizations Act of 2021 This bill makes changes and establishes requirements to expand U.S. engagement with international organizations. Changes include eliminating (1) a limitation on the number of foreign service employees on the staff of the U.S. Mission to the United Nations who are eligible for housing benefits, and (2) a requirement that those employees contribute a portion of their pay toward housing costs. Additionally, the value of the housing benefits is excluded from income for federal tax purposes. The bill also allows consideration of an employee's service formulating policy for or representing the United States at an international, multilateral, or similar organization in Foreign Service processes for promotions, performance pay, and related matters. The Department of State must establish training on conducting diplomacy at international and multilateral organizations and on negotiating multilateral international agreements. The bill requires this training for certain State Department employees, such as those assigned to U.S. missions at international organizations. Furthermore, the bill designates the U.S. Special Representative to the United Nations as a standing member of the President's cabinet and outlines U.S. policy for staffing and paying dues to international and multilateral organizations. The State Department must annually report to Congress about the number of and related information about federal employees detailed or transferred to international organizations.
United States · United States Congress · 11 June 2021
This resolution establishes certain budget enforcement procedures and allocations for FY2022 appropriations legislation. Specifically, the resolution establishes FY2022 budget allocations for the House Appropriations Committee. In addition, the resolution allows the chair of the House Budget Committee to make specified adjustments to the allocations to accommodate additional spending for disaster relief, wildfire suppression, Internal Revenue Service tax enforcement, health care fraud and abuse control, and continuing disability reviews and redeterminations. The resolution also includes provisions that address emergency spending and advance appropriations. The provisions in this resolution expire when a congressional budget resolution for FY2022 is passed by both chambers of Congress.
United States · United States Congress · 11 June 2021
Pink Tax Repeal Act This bill prohibits product manufacturers or service providers from selling substantially similar products at different prices based on the gender of the intended purchaser. If, for example, the only difference between two products is the color, they are substantially similar. The bill provides authority for the Federal Trade Commission and state attorneys general to enforce these requirements.
United States · United States Congress · 11 June 2021
Special Needs Tax Credit Act This bill allows an income-based tax credit, up to $5,000 in a taxable year, for legal expenses paid to establish a legal guardianship of a disabled family member.
United States · United States Congress · 11 June 2021
Millionaires Surtax Act This bill imposes an additional 10% tax on individual taxpayers whose modified adjusted gross income exceeds $2 million ($1 million for taxpayers not filing a joint return or surviving spouses). The bill sets forth special rules for the taxation of nonresident aliens and citizens and residents living abroad, and exempts charitable trusts from such tax.
United States · United States Congress · 11 June 2021
Equal Dignity for Married Taxpayers Act of 2021 This bill modifies several tax provisions that refer to married couples to make the provisions equally applicable to legally married same-sex couples.
United States · United States Congress · 11 June 2021
Promoting Respect for Individuals' Dignity and Equality Act of 2021 or the PRIDE Act of 2021 This bill requires the equal treatment of same sex married couples for tax purposes. It permits such couples to amend their filing status to married filing jointly for tax returns outside of the statute of limitations and modifies tax rules relating to married couples to include same sex couples.
United States · United States House of Representatives · 10 June 2021
United States · United States Senate · 10 June 2021
United States · United States Senate · 10 June 2021
United States · United States Senate · 10 June 2021
United States · United States Senate · 10 June 2021
United States · United States Congress · 10 June 2021
Refund Equality Act of 2021 This bill permits legally married same sex couples to amend their tax returns to file as married filing jointly for returns outside of the statute of limitations.
United States · United States Congress · 10 June 2021
Millionaires Surtax Act This bill imposes an additional 10% tax on individual taxpayers whose modified adjusted gross income exceeds $2 million ($1 million for taxpayers not filing a joint return or surviving spouses). The bill sets forth special rules for the taxation of nonresident aliens and citizens and residents living abroad, and exempts charitable trusts from such tax.
United States · United States Senate · 9 June 2021
United States · United States House of Representatives · 9 June 2021
United States · United States House of Representatives · 9 June 2021
United States · United States Senate · 9 June 2021
United States · United States Senate · 9 June 2021
United States · United States Senate · 9 June 2021
United States · United States House of Representatives · 9 June 2021
United States · United States Senate · 9 June 2021
United States · United States Congress · 9 June 2021
Accelerating Charitable Efforts Act or the ACE Act This bill modifies tax rules relating to donor advised funds (DAFs) (separately identified funds maintained and operated by a tax-exempt charitable organization for which a donor retains advisory privileges with respect to the distribution of funds and the investment of assets). Specifically, the bill places certain restrictions on charitable contribution deductions for gifts made to a nonqualified DAF. It also sets forth rules for the treatment of private foundation administrative expenses paid to disqualified persons and for the treatment of distributions to DAFs from private foundations. The bill imposes a 50% penalty on contributions held in a DAF that are not timely distributed. The bill also sets forth special rules for the treatment of contributions from DAFs for purposes of meeting the public support test (the requirement that charitable organizations receive a certain percentage of their support from public sources). The bill exempts from the tax on the investment income of a private foundation (1) distributions to a DAF of not less than 7% of the foundation's assets, and (2) for foundations that have a duration, specified in their governing documents, of not more than 25 years.
United States · United States Congress · 9 June 2021
Federal Debt Emergency Control Act of 2021 This bill establishes various budget enforcement procedures to address the federal debt. The procedures established by the bill take effect during any fiscal year that follows a fiscal year in which the amount of federal debt exceeded the gross domestic product (GDP) for that fiscal year. During such a period, the bill rescinds unobligated balances of stimulus spending that was provided in specified bills that addressed the impact of COVID-19, establishes a point of order against legislation that increases spending, and requires Congress to consider certain deficit reduction measures using specified expedited legislative procedures. The expedited legislative procedures must be used for legislation that (1) would reduce the deficit by at least 5% during the 10-fiscal-year period following the current fiscal year, and (2) does not increase the rate of any federal tax or increase any fee paid to the federal government.
United States · United States Congress · 9 June 2021
This bill revises requirements for the tax exclusion for contributions to the capital of a corporation. Specifically, the bill allows an exclusion for certain amounts received by a regulated public utility that provides water or sewerage disposal services.
United States · United States Congress · 9 June 2021
This bill excludes certain purchases of employee-owned stock from being considered as outstanding voting stock for the purpose of the excise tax on excess business holdings of a private foundation in a business enterprise. The bill applies to any voting stock that is (1) not readily tradable on an established securities market; (2) purchased by the business enterprise on or after January 1, 2005, from an employee stock ownership plan in which employees of the business enterprise participate, in connection with a distribution from the plan; and (3) held by the business enterprise as treasury stock, cancelled, or retired.
United States · United States Senate · 8 June 2021
United States · United States Senate · 8 June 2021
United States · United States House of Representatives · 8 June 2021
United States · United States House of Representatives · 8 June 2021
United States · United States Senate · 8 June 2021
United States · United States Senate · 8 June 2021
United States · United States Senate · 8 June 2021
United States · United States Congress · 8 June 2021
Housing is a Human Right Act of 2021 This bill establishes and expands programs to assist homeless and housing-unstable individuals and establishes new real property-related taxes to fund specified Department of Housing and Urban Development (HUD) programs. HUD must establish the Community Development Block Grant Plus Program for state and local governments to assist homeless and housing-unstable individuals as well as cost-burdened households. These funds may be used only for certain activities that assist these populations, including the construction of new affordable housing. The bill also establishes other grant programs to assist these individuals, such as by facilitating access to voting and libraries. Governmental entities may not receive assistance under the bill unless they have, or are working to implement, policies that (1) do not criminally punish homeless individuals for sleeping outside or on public property, and (2) comply with constitutional protections for these individuals' property. In addition, the bill establishes taxes on (1) the sale or exchange of real property of at least $10 million, (2) the sale or exchange of real property involving an anonymous entity, and (3) rent received by landlords that own large amounts of dwelling units. The revenue from these taxes must be credited to various HUD programs in specified percentages. The Government Accountability Office must study (1) the allocation formula for Emergency Food and Shelter grants, (2) recipient compliance with various grant program guidelines, and (3) barriers related to access to essential documents that homeless and housing-unstable individuals face.
United States · United States Congress · 8 June 2021
Supporting the Foundation for the National Institutes of Health and the Reagan-Udall Foundation for the Food and Drug Administration Act This bill increases the amount of funds each fiscal year that the Food and Drug Administration (FDA) must transfer to the Reagan-Udall Foundation for the FDA and that the National Institutes of Health (NIH) must transfer to the Foundation for the NIH. Specifically, it requires each agency to increase the amount transferred to its respective foundation (1) from a minimum of $500,000 to a minimum of $1,250,000, and (2) from a maximum of $1,250,000 to a maximum of $5,000,000.
United States · United States Congress · 8 June 2021
Take Your Shot Act This bill directs the Department of the Treasury to establish a national incentive program to award $1 million cash prizes to 100 eligible individuals who have received at least one COVID-19 vaccination. Prize money shall not be considered income for purposes of federal taxes.
United States · United States Congress · 8 June 2021
State-Based Universal Health Care Act of 20 21 This bill establishes the option for states, or groups of states, to apply to waive certain federal health insurance requirements and provide residents with health insurance benefits plans through a state-administered program. Such programs must cover 95% of the residents in the state within five years and plan benefits must be at least as comprehensive and affordable as the coverage under the equivalent federal program. State programs are supported with funds from the federal programs the state programs replace, which may include Medicare, Medicaid, the Children's Health Insurance Program, the Federal Employee Health Benefits program, certain federal tax credits, and premium-assistance funds, among others. The bill requires the Department of Health and Human Services to appoint an Independent Assessment Panel for Comprehensive Care to review and recommend whether to approve state applications. Each approved state program must be independently reviewed every five years to evaluate changes in health benefits access, quality, and coverage, including whether the state has met the 95% coverage requirement. The federal government must pay all health insurance costs for American Indians and Alaska Natives who enroll in a plan through a state insurance program.
United States · United States Congress · 8 June 2021
Eliminate Lavish Incentives To Electric Vehicles Act or the ELITE Vehicles Act This bill terminates the tax credit for new qualified plug-in electric drive motor vehicles 30 days after this bill's enactment date. The credit is permanently repealed for taxable years beginning 1 year and 30 days after enactment.
United States · United States Congress · 8 June 2021
Disability Employment Incentive Act This bill expands tax credits and deductions that are available for employers who hire and retain employees with disabilities. The bill expands the work opportunity tax credit to include the hiring of employees who receive Social Security Disability Insurance (SSDI) benefits. For employers who hire vocational rehabilitation referrals, Supplemental Security Income recipients, or SSDI recipients, the bill also (1) increases the amount of wages that may be taken into account for the credit, and (2) allows an additional credit for second-year wages. With respect to the tax credit for expenditures by eligible small businesses to provide access to disabled individuals, the bill increases the limits that apply to (1) the amount of expenditures that are eligible for the credit, and (2) the gross receipts and full-time employees of eligible small businesses. The bill also expands the tax deduction for expenditures to remove architectural and transportation barriers to the handicapped and elderly. The bill modifies the deduction to (1) increase the limitation on the amount of the deduction, and (2) allow the deduction to be used for certain improvements in the accessibility of internet or telecommunications services to handicapped and elderly individuals.
United States · United States Congress · 8 June 2021
Fishing Equipment Tax Relief Act of 2021 This bill reduces from 10% to 3% the excise tax rate that applies to the sale of portable, electronically-aerated bait containers by the manufacturer, producer, or importer.