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551 records in US in 2024
United States · United States Congress · 13 February 2024
This concurrent resolution makes a correction to the official title of H.R. 815 (Making emergency supplemental appropriations for the fiscal year ending September 30, 2024, and for other purposes).
United States · United States Congress · 12 February 2024
This bill requires taxpayers who claim the child and earned income tax credits, and their qualifying children, to have a Social Security account number that is issued by the Social Security Administration prior to the tax return due date. This identification must indicate that the taxpayer has work authorization.
United States · United States Congress · 9 February 2024
Remote Seafood Employee Meals Tax Parity Act This bill provides that the 50% limitation on the tax deduction for business meals shall not apply to meals provided on certain fishing vessels or at certain fish processing facilities.
United States · United States Congress · 9 February 2024
Saving Local News Act This bill includes as a tax-exempt 501(c)(3) charitable organization purpose the publication (including electronic publication) of written news articles. In the case of an organization that is tax-exempt due to the publication of written news articles, the term unrelated business taxable incom e does not include any amount attributable to payments for advertisements in news publications.
United States · United States Congress · 8 February 2024
Right Start Child Care and Education Act of 2024 This bill increases or allows new child care tax credits and increases the tax exclusion for employer-provided dependent care assistance. Specifically, the bill doubles the rate and the maximum allowable amount of the employer-provided child care credit. It also allows an additional increase for certain small businesses. The bill allows a new three-year tax credit for individuals who hold child care-related educational degrees and who work in licensed child care facilities. The bill increases the tax exclusion for employer-provided dependent care assistance.
United States · United States Congress · 7 February 2024
United States · United States Congress · 7 February 2024
Fiscally Responsible Israel Security Supplemental Appropriations Act, 2024 This bill provides FY2024 supplemental appropriations to the Department of Defense (DOD) and the Department of State for activities to respond to the attacks in Israel. The bill designates the funding as emergency spending, which is exempt from discretionary spending limits. Specifically, the bill provides appropriations to DOD for Military Personnel; Operation and Maintenance; Procurement; Research, Development, Test and Evaluation; Defense Working Capital Funds; and the Defense Health Program. The funding is provided for purposes such as supporting current U.S. military operations in the region; replacing defense articles that were provided to Israel; reimbursing DOD for defense services and training provided to Israel; and procuring Israel's Iron Dome, David's Sling, and Iron Beam defense systems to counter short-range rocket threats. The bill also provides appropriations to the State Department for Diplomatic Programs, Emergencies in the Diplomatic and Consular Service, and the Foreign Military Financing Program. The funding is provided to the State Department for purposes such as (1) increasing security at U.S. embassies impacted by the attacks on Israel, and (2) conducting emergency evacuations of U.S. government personnel and citizens in the region. In addition, the bill includes provisions that expand the authorities of the President to transfer defense articles and services from DOD to Israel. Finally, the bill rescinds specified unobligated funds that were provided for the Department of Commerce Nonrecurring Expenses Fund by the Fiscal Responsibility Act of 2023.
United States · United States Congress · 7 February 2024
Housing for Homeless Students Act of 2024 This bill extends eligibility for the low-income housing tax credit to homeless youth and veterans who are full-time students during a specified time period.
United States · United States Congress · 7 February 2024
Telephone Excise Tax Repeal Act of 2024 This bill repeals the excise tax on telephone and other communications services.
United States · United States Congress · 6 February 2024
Stop Politicians Profiting from War Act of 2024 This bill prohibits Members of Congress, their spouses, and their dependent children from owning or trading stocks, bonds, commodities, futures, or any other form of security from a defense contractor or which are significantly based upon defense contractors. Each current Member must divest within 120 days after the bill is enacted and each new Member must divest within 120 days after becoming a Member. However, Members and their spouses have 180 days to divest from specified complex investment vehicles. Placing assets into qualified blind trusts does not qualify as divestment. The bill does not apply to certain investments, such as investments in widely held investment funds that are diversified and do not present a conflict of interest and investments held in government employee retirement plans. A Member or spouse who violates the bill may be subject to a fine of up to $50,000 for each violation. The bill permits a Member, spouse, or dependent child who is required to divest property under the bill to avoid recognizing gain for income tax purposes from the sale of that property to the extent that the Member or spouse purchases permitted bonds or diversified investment funds within 60 days of the divestiture.
United States · United States Congress · 6 February 2024
This bill extends the capital gains tax on transfers of appreciated property to certain tax-exempt social organizations (e.g., civics leagues, agricultural organizations, or business leagues). Currently, the tax is imposed only on transfers to political organizations.
United States · United States Congress · 6 February 2024
Send Us Budget Materials and International Tactics In Time Act or the SUBMIT IT Act This bill prohibits the leadership of Congress from inviting the President to deliver a State of the Union address to a joint session of Congress until the President has transmitted, and Congress has received, the National Security Strategy and the President’s budget for the subsequent fiscal year.
United States · United States Congress · 6 February 2024
This bill provides FY2024 supplemental appropriations to several federal agencies for assistance to Ukraine, Israel, and Taiwan. Specifically, the bill provides additional funding for the Department of Defense (DOD), the National Nuclear Security Administration, the Federal Emergency Management Agency (FEMA), the Administration for Children and Families, the Department of State, and the U.S. Agency for International Development. The bill provides the funding for purposes such as assistance for Ukraine, Israel, and Taiwan; improvements to the submarine industrial base; the FEMA Nonprofit Security Grant Program; refugee assistance; and humanitarian assistance. In addition, the bill includes provisions that (1) expand the authorities of the President to transfer defense articles and services from DOD to foreign countries or international organizations; and (2) prohibit funds from being used for payments to the U.N. Relief and Works Agency.
United States · United States Congress · 6 February 2024
End Tax Breaks for Dark Money Act This bill extends the capital gains tax on transfers of appreciated property to certain tax-exempt social organizations (e.g., civics leagues, agricultural organizations, or business leagues). Currently, the tax is imposed only on transfers to political organizations.
United States · United States Congress · 6 February 2024
Child and Dependent Care Tax Credit Enhancement Act of 2024 This bill modifies the tax credit for employment-related expenses incurred for the care of a taxpayer's dependent to (1) increase to $400,000, the adjusted gross income threshold level above which the credit is incrementally reduced; (2) increase the dollar limits on the allowable amount of the credit; (3) specify rules for married couples filing separate returns; (4) allow an inflation adjustment to the adjusted gross income threshold and the maximum credit amounts, beginning after 2024; and (5) make the credit refundable for taxpayers who have a principal residence for more than half of the taxable year.
United States · United States Congress · 5 February 2024
United States · United States Congress · 5 February 2024
Sets forth the rule for consideration of the bill (H.R. 7160) to amend the Internal Revenue Code of 1986 to modify the limitation on the amount certain married individuals can deduct for State and local taxes, and providing for consideration of the resolution (H.Res. 987) denouncing the harmful, anti-American energy policies of the Biden administration.
United States · United States Congress · 5 February 2024
Send Us Budget Materials and International Tactics In Time Act or the SUBMIT IT Act This bill prohibits the leadership of Congress from inviting the President to deliver a State of the Union address to a joint session of Congress until the President has transmitted, and Congress has received, the National Security Strategy and the President’s budget for the subsequent fiscal year.
United States · United States Congress · 1 February 2024
This joint resolution nullifies the Department of Treasury's rule titled Coronavirus State and Local Fiscal Recovery Funds , which was issued on November 20, 2023. The rule relates to the use of State and Local Fiscal Recovery Funds (SLFRF), which were initially authorized under the American Rescue Plan Act of 2021 to help state and local governments respond to the COVID-19 public health emergency. Current regulations allow for the use of funds for authorized purposes by December 31, 2026, if such funds are obligated for expenditure by December 31, 2024. The rule modifies the definition of an obligation to include satisfaction of administrative or legal requirements that are associated with the SLFRF program, such as reporting, audit, or environmental compliance requirements. Funds for these purposes are considered to be obligated by the required deadline of December 31, 2024. Estimated amounts of such obligations must be reported to Treasury by April 30, 2024, and the funds must still be used by December 31, 2026.
United States · United States Congress · 1 February 2024
This joint resolution nullifies the Department of Treasury's rule titled Coronavirus State and Local Fiscal Recovery Funds , which was issued on November 20, 2023. The rule relates to the use of State and Local Fiscal Recovery Funds (SLFRF), which were initially authorized under the American Rescue Plan Act of 2021 to help state and local governments respond to the COVID-19 public health emergency. Current regulations allow for the use of funds for authorized purposes by December 31, 2026, if such funds are obligated for expenditure by December 31, 2024. The rule modifies the definition of an obligation to include satisfaction of administrative or legal requirements that are associated with the SLFRF program, such as reporting, audit, or environmental compliance requirements. Funds for these purposes are considered to be obligated by the required deadline of December 31, 2024. Estimated amounts of such obligations must be reported to Treasury by April 30, 2024, and the funds must still be used by December 31, 2026.
United States · United States House of Representatives · 31 January 2024
United States · United States Senate · 31 January 2024
United States · United States Congress · 31 January 2024
401Kids Savings Account Act of 2024 This bill establishes tax-exempt savings accounts for children who have not attained age 18 to be known as the 401Kids Account Program. Contributions to such accounts may not exceed $2,500 in a calendar year (adjusted for inflation). Accounts may pay expenses related to education, starting a small business, buying a residence, or promoting retirement security. The Department of the Treasury must establish a permanent program, not later than December 31, 2024, to be known as the Federal 401Kids Account Program. The bill authorizes disclosure of taxpayer information for administering the program. It also disregards account funds for purposes of determining eligibility for certain federal assistance programs.
United States · United States Congress · 31 January 2024
SALT Marriage Penalty Elimination Act This bill increases from $10,000 to $20,000 the maximum amount of the tax deduction for state and local taxes for married couples whose adjusted gross income is less than $500,000 in 2023, thus eliminating the tax effect known as the marriage penalty.
United States · United States Congress · 31 January 2024
Think Tank and Nonprofit Foreign Influence Disclosure Act This bill requires tax-exempt charitable organizations to disclose in annual reports contributions and gifts exceeding $50,000 received from foreign governments and foreign political parties. The reports must disclose the names of such governments and political parties and the aggregate amounts of contributions and gifts. The bill requires the Department of the Treasury to make publicly available in a searchable database information relating to such gifts and contributions received from foreign governments and political parties and the aggregate amount received in each year from the the People's Republic of China, and (stated separately) from the Chinese Communist Party.
United States · United States Congress · 31 January 2024
Credit for Caring Act of 2024 This bill allows an eligible caregiver a tax credit of up to $5,000 for 30% of the cost of long-term care expenses that exceed $2,000 in a taxable year. The bill defines eligible caregiver as an individual who has earned income for the taxable year in excess of $7,500 and pays or incurs expenses for providing care to a spouse or other dependent relative with long-term care needs.
United States · United States Congress · 31 January 2024
Creating Opportunity for Athletic Coaches to Help Educate Students Act or the COACHES Act This bill modifies the tax deduction for the expenses of an eligible educator (an individual who is a K-12 teacher, instructor, counselor, principal, or aide in a school for at least 900 hours during a school year) to include as an eligible educator an interscholastic sports administrator or coach. It also eliminates the exclusion of nonathletic supplies for courses of instruction in health or physical education as a deductible expense.
United States · United States Congress · 31 January 2024
Credit for Caring Act of 2024 This bill allows an eligible caregiver a tax credit of up to $5,000 for 30% of the cost of long-term care expenses that exceed $2,000 in a taxable year. The bill defines eligible caregiver as an individual who has earned income for the taxable year in excess of $7,500 and pays or incurs expenses for providing care to a spouse or other dependent relative with long-term care needs.
United States · United States Congress · 31 January 2024
Protect Innocent Victims Of Taxation After Fire Act This bill excludes from gross income, for income tax purposes, any amount received by an individual taxpayer as a qualified wildfire relief payment. Such payments are compensation for losses, expenses, or damages (including compensation for additional living expenses, certain lost wages, personal injury, death, or emotional distress) incurred as a result of a qualified wildfire disaster. The exclusion only apples to payments received after 2019, and before January 1, 2026.
United States · United States Congress · 31 January 2024
United States · United States Congress · 30 January 2024
Paid Family and Medical Leave Tax Credit Extension and Enhancement Act This bill modifies the employer tax credit for paid family and medical leave. Specifically, the bill (1) makes such credit permanent, (2) allows the credit in states or localities that either mandate or do not mandate paid family and medical leave, (3) allows employers to claim the credit for a portion of their paid family leave insurance premiums, (4) reduces the minimum employment period eligibility requirement, and (5) requires the Small Business Administration and the Internal Revenue Service to conduct targeted outreach to employers and other relevant parties regarding the availability and requirements of the credit.
United States · United States Congress · 29 January 2024
WOSB Certification and Opportunity Expansion Act This bill requires that only women-owned small businesses that have been certified by a federal agency, state government, or national certifying entity approved by the Small Business Administration (SBA) are included when calculating whether a federal agency has met its contracting goals with respect to such businesses during a fiscal year. Certain self-certified, women-owned small businesses that have filed an application for certification are deemed to have been certified until the SBA or national certifying entity makes a determination with respect to the certification of such business. The SBA must provide a briefing each quarter about specified aspects of the process of certifying women-owned small businesses and implementing the requirements of the bill.
United States · United States Congress · 29 January 2024
United States · United States Congress · 29 January 2024
Low Income Housing Tax Credit Landlord Accountability Act of 2024 or the LIHTC Landlord Accountability Act of 2024 This bill requires inspections and physical condition assessments of buildings that qualify for the low-income housing tax credit. It also requires annual reporting on the basis of qualified low-income buildings and other information (currently, such reports are discretionary).
United States · United States Congress · 25 January 2024
You Earned It, You Keep It Act This bill excludes Social Security benefits from gross income for purposes of federal income taxes.
United States · United States Congress · 25 January 2024
This bill excludes from gross income, for income tax purposes, amounts received as payment or reimbursement for participation in an approved clinical trial (i.e., a trial conducted for the prevention, detection, or treatment of cancer or other life-threatening disease or condition). This includes amounts paid or reimbursed for meals, lodging, or travel expenses.
United States · United States Congress · 25 January 2024
This concurrent resolution expresses the sense of Congress that a carbon tax is not in the best interest of the country and would be detrimental to families and businesses.
United States · United States Congress · 25 January 2024
Affordable Housing and Homeownership Protection Act of 2024 This bill imposes an excise tax on a percentage of the price paid by certain investors for the purchase of single-family homes in a taxable year. The amount of the percentage, either 1%, 3%, or 5%, is based on the number of homes owned by an investor. The tax does not apply to new construction, unless such construction replaces an existing single-family home on the same site. The bill requires the Department of the Treasury to allocate or transfer tax revenue generated by this bill to provide additional funding for the Housing Trust Fund and the Capital Magnet Fund. The bill increases from $3 milltion to $7 million the minimum allocation of Housing Trust Funds amounts to states for low-income rental housing or home ownership.
United States · United States Congress · 25 January 2024
Barcode Automation for Revenue Collection to Organize Disbursement and Enhance Efficiency Act or the BARCODE Efficiency Act This bill requires federal tax returns that are prepared electronically, but printed and filed on paper, to bear a code that when scanned converts the data in such return to an electronic format. It also requires the Internal Revenue Service (IRS) to use optical character recognition technology to transcribe returns and correspondence that are not prepared electronically and are printed on paper. The IRS may decline to use such technology if it determines that it is slower or less reliable than manual transcription.
United States · United States Congress · 25 January 2024
Federal Disaster Tax Relief Act of 2024 This bill extends rules for the treatment of certain disaster-related personal casualty losses.
United States · United States Congress · 24 January 2024
Child and Dependent Care Tax Credit Enhancement Act of 2024 This bill modifies the tax credit for employment-related expenses incurred for the care of a taxpayer's dependent to (1) increase to $400,000, the adjusted gross income threshold level above which the credit is incrementally reduced; (2) increase the dollar limits on the allowable amount of the credit; (3) specify rules for married couples filing separate returns; (4) allow an inflation adjustment to the adjusted gross income threshold and the maximum credit amounts, beginning after 2024; and (5) make the credit refundable for taxpayers who have a principal residence for more than half of the taxable year.
United States · United States Congress · 24 January 2024
Resources to Prevent Youth Vaping Act This bill directs the Food and Drug Administration (FDA) to collect user fees on products that it deems by regulation to be tobacco products, including electronic nicotine delivery systems, and addresses related issues. Currently, the FDA is authorized to collect user fees only on specified classes of tobacco products. The bill increases the total amount of such fees to be collected for FY2025. For each fiscal year after, the total amount of such fees shall be adjusted according to changes in a price index. Starting in FY2027, the FDA must assess user fees on classes of products that it has deemed by regulation to be tobacco products, unless the FDA fails to finalize a formula for assessing such fees on time. Once it is finalized, the FDA may only revise this formula by regulation. The bill also requires each tobacco manufacturer and importer to periodically submit certain information related to the tobacco products that it sells or distributes in the United States. The FDA must annually report to Congress about its use of such tobacco product fees.
United States · United States Congress · 18 January 2024
Woke Endowment Security Tax Act of 2024 or the WEST Act of 2024 This bill imposes a 6% excise tax on certain private educational institutions with endowments of at least $12.2 billion and institutions with endowments of at least $9 billion that also operate a state contract college.
United States · United States Congress · 18 January 2024
United States · United States Congress · 18 January 2024
Death Tax Repeal Act This bill repeals the estate and generation-skipping transfer taxes. It also sets forth conforming amendments related to the gift tax.
United States · United States Congress · 18 January 2024
Tax Excessive CEO Pay Act of 2024 This bill increases the corporate income tax rate based on the ratio of compensation of principal executive officers or other highest compensated employees to median worker compensation. The current corporate income tax rate is 21%. Specifically, the bill increases the corporate income tax rate by 0.5 percentage points for a corporation with a pay ratio disparity that is more than 50 to 1. The tax rate increases by 1 percentage point for a pay ratio disparity that is more than 100 to 1, but not greater than 200 to 1. The pay ratio disparity extends to 500 to 1, in which case the increase is 5 percentage points. The bill exempts from such an increase certain corporations based upon their average annual gross receipts.
United States · United States Congress · 18 January 2024
Pregnancy Center Support Act of 2024 This bill establishes a nonrefundable tax credit for contributions made to qualifying pregnancy centers. The amount of the credit is 50% of the contributions made by the taxpayer up to $10,000 per year (or $20,000 for joint filers) to a tax-exempt organization whose primary function is the operation of one or more qualified pregnancy centers. A qualifying pregnancy center is a facility that primarily provides assistance to women and families of unplanned pregnancies and encourages those women and families to carry their pregnancy to term, rather than choosing an abortion. The facility may not provide child births, perform abortions, or counsel in favor of abortions. For taxpayers that itemize their deductions on their tax return, contributions to a qualifying pregnancy center may not be counted both for this credit and the charitable contribution deduction. The amount of the tax credit that exceeds the individual’s tax liability for the tax year may be carried forward for up to five years. For businesses, the contribution amount is included in the calculation of the general business tax credit.
United States · United States Congress · 18 January 2024
This concurrent resolution makes a correction to the official title of H.R. 2872 (Making further continuing appropriations for the fiscal year ending September 30, 2024, and for other purposes).
United States · United States Congress · 18 January 2024
Tax Excessive CEO Pay Act of 2024 This bill increases the current 21% income tax rate of corporations whose ratio of compensation of their principal executive officers or other highest compensated employees to median worker compensation is more than 50 to 1, in which case the increase is 0.5%. The pay ratio disparity extends from 100 to 1 to 500 to 1, in which case the increase is 5%. The bill exempts from such increase certain corporations based upon their average annual gross receipts.
United States · United States Congress · 18 January 2024
Inaugural Committee Transparency Act of 2024 This bill requires the presidential inaugural committee to disclose to the Federal Election Commission, by 90 days after the presidential inaugural ceremony, any disbursement made in an amount equal to or greater than $200 and the purpose of each disbursement. The committee must also disclose the name and address of the person to whom the disbursement was made, the date of the disbursement, and the total amount and purpose of the disbursement. The bill prohibits (1) an inaugural committee from soliciting or receiving a donation from a foreign national, in addition to the current ban on a committee accepting such a donation; (2) a person from making a donation to an inaugural committee in the name of another; (3) a foreign national from making a donation or making a promise to make a donation to such a committee; or (4) converting a donation to an inaugural committee to personal use. The committee must disburse any remaining donated funds not later than 90 days after the inaugural ceremony to tax-exempt charitable organizations, but may request an extension of such 90-day period.