Taxation

Frank R. Lautenberg Chemical Safety for the 21st Century Act

United States · United States Congress · 26 May 2015

TSCA Modernization Act of 2015 This bill amends the Toxic Substances Control Act (TSCA) to revise regulations on chemicals. TSCA's scope is revised by requiring the Environmental Protection Agency (EPA) to regulate chemicals so that they no longer present unreasonable risks of injury to health or environment instead of requiring the EPA to provide adequate protection against those risks using the least burdensome requirements. The EPA must conduct and publish a risk evaluation for a chemical if: (1) the EPA determines it may present an unreasonable risk of injury to health or the environment, or (2) a manufacturer of a chemical requests an evaluation. The EPA must initiate 10 or more risk evaluations in each fiscal year. The EPA is authorized to require testing on a chemical when it is necessary to conduct an evaluation. If an evaluation determines a chemical will pose an unreasonable risk, the EPA must issue a risk management rule for the chemical. The bill establishes deadlines for conducting and publishing evaluations as well deadlines for publishing risk management rules. The EPA may grant exemptions from risk management requirements for a specific use of a chemical if: (1) the requirement is not cost-effective with respect to that use; and (2) the specific use is a critical or essential use, or the requirement would significantly disrupt the national economy, national security, or critical infrastructure. The EPA must: (1) publish a list of certain persistent, bioaccumulative, and toxic (PBT) chemicals; (2) designate certain chemicals as PBT chemicals of concern; and (3) promulgate rules with respect to those designated PBTs to reduce likely exposure to the extent practicable. This bill revises requirements concerning the disclosure of confidential business information, preemption of state law, fees to defray the cost of administering TSCA, and scientific standards and evidence.

Cider Investment and Development through Excise Tax Reduction (CIDER) Act

United States · United States Congress · 22 May 2015

Cider Investment and Development through Excise Tax Reduction (CIDER) Act Amends the Internal Revenue to revise the definition of "hard cider," for purposes of the excise tax on distilled spirits, wines, and beer, to mean a wine: (1) containing not more than .64 gram of carbon dioxide per hundred milliliters of wine (subject to necessary tolerances); (2) which is derived primarily from apples, apple juice concentrate, pears, or pear juice concentrate, and water; (3) which contains no fruit product or fruit flavoring other than apple or pear; and (4) which contains at least one-half of 1% and less than 8.5% alcohol by volume.

Wounded Warrior Tax Equity Act of 2015

United States · United States Congress · 22 May 2015

Wounded Warrior Tax Equity Act of 2015 This bill amends the Internal Revenue Code to prevent any suspension of the tax collection period after assessment for taxpayers who are members of the Armed Forces due to a continuous hospitalization for combat zone injuries or the next 180 days after such hospitalization.

M-CORE Act

United States · United States Congress · 22 May 2015

Millennium Compacts for Regional Economic Integration Act or the M-CORE Act This bill amends the Millennium Challenge Act of 2003 to establish beginning with FY2013 new assistance criteria for a low-income or a lower middle income candidate country eligible to enter into a Millennium Challenge Compact with the United States. Such a country must: have a per capita income equal to or less than the lower middle income country threshold established by the International Bank for Reconstruction and Development for the fiscal year; be among the 75 countries identified by the Bank as having the lowest per capita income; and not be ineligible to receive U.S. economic assistance under part I of the Foreign Assistance Act of 1961. Reclassification limits are set forth as follows: if the per capita income of a low-income candidate country changes during the fiscal year so that it would be reclassified as a lower middle income country, it shall be deemed to continue to meet the per capita income requirements for that fiscal year and the two subsequent fiscal years; and if the per capita income of a lower middle income candidate country changes during the fiscal year so that it would be reclassified as a low-income country, it shall be deemed to continue to meet the per capita income requirements for that fiscal year and the two subsequent fiscal years. An eligible country that has entered into and has in effect a Millennium Challenge Compact may enter into and have in effect at the same time not more than one additional Compact if: one or both of the Compacts are or will be for purposes of regional economic integration, increased regional trade, or cross-border collaborations; and the country is making considerable and demonstrable progress in implementing the terms of the existing Compact. Congressional and public notification and disclosure provisions are revised.

To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation.

United States · United States Congress · 21 May 2015

This bill amends the Internal Revenue Code to make permanent the additional 50% depreciation allowance, known as bonus depreciation, for depreciable business property (i.e., qualified property) placed in service after December 31, 2014. The term "qualified property" is modified to include qualified improvement property, in lieu of qualified leasehold improvement property, which is defined as any improvement to an interior portion of a building that is nonresidential real property if such improvement is placed in service after the date such building was first placed in service. The bill also increases by $8,000 (with an annual inflation adjustment after 2015) the maximum allowable depreciation deduction for a passenger automobile (i.e., any 4-wheeled vehicle that is manufactured primarily for use on public streets, roads, and highways and is rated at 6,000 pounds unloaded gross vehicle weight or less). Also made permanent, for taxable years ending after December 31, 2014, is the election to increase the alternative minium tax credit limitation in lieu of bonus depreciation. The bill allows an additional depreciation allowance for any specified plant that is planted, or grafted to a plant that has already been planted, by the taxpayer in the ordinary course of the taxpayer's farming business. The term "specified plant" means: (1) any tree or vine that bears fruits or nuts, and (2) any other plant that will have more than one yield of fruits or nuts and that generally has a period of more than two years from the time of planting or grafting to the time at which such plant begins bearing fruits or nuts. This allowance is applicable to specified plants planted or grafted after December 31, 2014. Finally, the bill prohibits the entry of the budgetary effects of this Act on any PAYGO scorecard maintained pursuant to the Statutory Pay-As-You-Go Act of 2010.

Veterans Entrepreneurship Act of 2015

United States · United States Congress · 21 May 2015

Veterans Entrepreneurship Act Amends the Small Business Act to prohibit the Administrator of the Small Business Administration (SBA) from collecting a guarantee fee in connection with a loan made under the SBA Express Program to a veteran or the spouse of a veteran on or after October 1, 2015, except during any upcoming fiscal year for which the President's budget, submitted to Congress, includes a cost for the Program that is above zero.

To require the Secretary of Veterans Affairs to establish a pilot program to award grants for the provision of furniture, household items, and other assistance to homeless veterans to facilitate their transition into permanent housing, and for other purposes.

United States · United States Congress · 21 May 2015

Directs the Secretary of Veterans Affairs (VA) to conduct a three-year pilot program to assess the feasibility and advisability of awarding grants to veterans service agencies, veterans service organizations, and nongovernmental tax-exempt organizations with experience assisting veterans or the homeless to provide veterans who are receiving specified VA homeless benefits with furniture, household items, and other assistance to facilitate their settlement into permanent housing. Requires the Secretary to: (1) give grant priority to applicants who serve communities that have the greatest need of homeless services, and (2) inform veterans of their eligibility to receive benefits under the pilot program. Caps the amount of each grant and the amount of each grant that a grantee may use to provide benefits to an individual veteran.

SERVE Act of 2015

United States · United States Congress · 21 May 2015

Supporting Emergency Responders Volunteer Efforts Act of 2015 or the SERVE Act of 2015 Amends the Internal Revenue Code to allow an individual taxpayer who is a bona fide volunteer of a qualified volunteer emergency response organization a $1,000 refundable tax credit.  Requires such individual to: (1) have served as a bona fide volunteer performing fire fighting and prevention services, emergency medical services, and ambulance services for more than six months in a taxable year; (2) have provided more than 40 hours of such services actively engaged in the prevention, control, or extinguishment of fires or response to emergency situations where life, property, or the environment is at risk; or (3) have been stationed on the premises of an emergency response organization in anticipation of being actively engaged in providing such services.

Promoting New Manufacturing Act

United States · United States Congress · 21 May 2015

Promoting New Manufacturing Act This bill requires the Environmental Protection Agency (EPA) to publish on its website, with respect to FY2008 and each fiscal year thereafter, estimates of: the total number of preconstruction permits issued annually under the Clean Air Act's New Source Review Program for the construction or modification of a major stationary source (any stationary facility or source of air pollutants which directly emits, or has the potential to emit, 100 tons per year or more of any regulated air pollutant); the percentage of permits issued within one year of the application; and the average length of time for the EPA's Environmental Appeals Board to decide appeals of decisions to grant or deny a permit. A new or revised national ambient air quality standard (NAAQS) may not apply to the review and disposition of a preconstruction permit application unless the EPA publishes implementation guidance with the NAAQS. The EPA must submit annually a report on actions to expedite the process for review of preconstruction permits.

Distillery Excise Tax Reform Act of 2015

United States · United States Congress · 21 May 2015

Distillery Excise Tax Reform Act of 2015 Amends the Internal Revenue Code to reduce to $2.70 per proof gallon the excise tax rate on the first 100,000 proof gallons of distilled spirits that are removed in the calendar year and that have been distilled, processed, or bottled by a distilled spirits operation at a qualified facility in the United States. Makes this rate reduction applicable to a specified controlled group of corporations that is a distilled spirits operation.

Stop Militarizing Law Enforcement Act

United States · United States Congress · 21 May 2015

Stop Militarizing Law Enforcement Act Revises the authority of the Secretary of Defense (DOD) to transfer excess DOD property, including small arms and ammunition, to federal and state agencies for law enforcement activities to: repeal provisions authorizing the transfer of property the Secretary determines is suitable for use in counter-drug and counter-terrorism activities; repeal provisions directing the Secretary to carry out such transfers in consultation with the Director of National Drug Control Policy; condition such a transfer on the recipient certifying that it has the personnel and technical capacity to operate the property and will return property determined to be surplus to its needs; prohibit the transfer of specified weapons, materials, and equipment, including explosive ordnance, drones, assault vehicles, firearms or ammunition of .50 caliber or higher, grenade launchers, flash grenades, and bayonets; and condition continuation of such program on the Secretary certifying that, for the prior fiscal year, recipients demonstrated 100% accountability for transferred property and complied with program requirements or were suspended or terminated from the program. Requires the Secretary to: (1) report to Congress and obtain prior approval by law before transferring any DOD property not previously made available for transfer; and (2) submit an annual written certification that a recipient has accounted for, and met transfer conditions for, any such transferred property. Requires the Defense Logistics Agency to maintain an Internet website on such transfers, unaccounted-for property, and suspended or terminated recipients. Prohibits the Federal Emergency Management Agency (FEMA) from permitting awards under a preparedness grant program to be used to buy, maintain, or alter: (1) specified protective, tactical, or explosives equipment, vehicles, canines, or firearms or ammunition of .50 caliber or higher; and (2) body armor or ballistic helmets and shields unless the grantee certifies to FEMA that the equipment will not be used for riot suppression. Directs: (1) the Comptroller General to conduct an audit covering the period of FY2010 through the current fiscal year on the use of preparedness grant program funds that assesses how funds have been used to procure equipment, how the equipment has been used, and whether the grant awards have furthered FEMA's goal of improving the preparedness of state and local communities; and (2) FEMA to implement a system of accounting on an annual basis how preparedness grant program funds have been used to procure equipment, how the equipment has been used, whether grantees have complied with restrictions on the use of equipment contained with the Authorized Equipment List, and whether the awards have furthered its goal of enhancing the capabilities of state agencies to prevent, deter, respond to, and recover from terrorist attacks, major disasters, and other emergencies. Amends the Omnibus Crime Control and Safe Streets Act of 1968 to prohibit the use of Edward Byrne Memorial Justice Assistance Grant funds for the purchase, maintenance, alteration, or operation of lethal weapons or less-lethal weapons. Directs the Comptroller General to report on federal agencies, including agency offices of Inspector General, that have specialized units that receive special tactical or military-style training or use hard-plated body armor, shields, or helmets and that respond to high-risk situations that fall outside the capabilities of regular law enforcement officers. Requires such report to include information that is relevant to understanding the usefulness and justification for such units.

Charitable Agricultural Research Act

United States · United States Congress · 21 May 2015

Charitable Agricultural Research Act This bill amends the Internal Revenue Code to: (1) allow a tax deduction for charitable contributions to agricultural research organizations directly engaged in the continuous active conduct of research in conjunction with an agricultural college or university, and (2) extend to such organizations the prohibition against expenditures by public charities to influence legislation.

Promoting New Manufacturing Act

United States · United States Congress · 21 May 2015

Promoting New Manufacturing Act This bill requires the Environmental Protection Agency (EPA) to publish on its website, with respect to FY2008 and each fiscal year thereafter, estimates of: the total number of preconstruction permits issued by the EPA under the Clean Air Act's New Source Review Program for the construction or modification of a major stationary source (any stationary facility or source of air pollutants which directly emits, or has the potential to emit, 100 tons per year or more of any regulated air pollutant); the percentage of permits issued within one year of the application; and the average length of time for the EPA's Environmental Appeals Board to decide appeals of decisions to grant or deny a permit. A new or revised national ambient air quality standard (NAAQS) may not apply to the review and disposition of a preconstruction permit application until the EPA publishes final implementation regulations and guidance that include information relating to submission and consideration of a preconstruction permit application under the standard. The EPA must submit annually a report on actions to expedite the process for review of preconstruction permits.

Higher Education Tax Benefit Compliance Improvement Act

United States · United States Congress · 21 May 2015

Higher Education Tax Benefit Compliance Improvement Act This bill amends the Internal Revenue Code to: (1) exempt an institution of higher education from tax penalties for failure to provide the tax identification number (TIN) of a person who claims a tax credit for tuition and related expenses if such institution certifies that it has complied with standards for obtaining the TIN, and (2) disallow the American Opportunity tax credit and the tax deduction for tuition and related expenses unless the taxpayer receives a payee statement containing the TIN of the individual claiming the credit or the deduction.

Housing for Homeless Students Act of 2015

United States · United States Congress · 21 May 2015

Housing for Homeless Students Act of 2015 This bill amends the Internal Revenue Code to qualify low-income building units that provide housing for homeless students and veterans who are full-time students for the low-income housing tax credit. To qualify for the credit the student must have been a homeless child or youth during any portion of the seven-year period prior to occupying the housing unit and the veteran must have been homeless for a similar five-year period.

To amend the Internal Revenue Code of 1986 to extend the special expensing rules for certain film and television productions.

United States · United States Congress · 21 May 2015

This bill amends the Internal Revenue Code to extend through 2016 the expensing rules for the costs of certain film and television productions.

To amend the Foreign Relations Authorization Act, Fiscal Years 1990 and 1991 relating to local guard contracts abroad under the diplomatic security program, and for other purposes.

United States · United States Congress · 21 May 2015

This bill amends the Foreign Relations Authorization Act, Fiscal Years 1990 and 1991 to: authorize the Secretary of State to award a local guard contract abroad under the diplomatic security program on the basis of best value (as determined by a cost-technical trade off analysis); and report to Congress for each such contract providing the basis for the award and an explanation of the inability to satisfy the Department of State's needs by technically acceptable, lowest price evaluation award.

Support Our Start-Ups Act

United States · United States Congress · 21 May 2015

Support Our Start-Ups Act This bill amends the Internal Revenue Code to extend the tax deduction for new business expenditures to organizational expenditures, generally defined as expenditures incident to the creation of a corporation or a partnership. The bill also increases the maximum deduction amount for start-up and organizational expenditures from $5,000 to $20,000 and increases from $50,000 to $120,000 the threshold amount after which the maximum deduction amount for such expenditures is reduced.

Distillery Innovation and Excise Tax Reform Act

United States · United States Congress · 21 May 2015

Distillery Innovation and Excise Tax Reform Act of 2015 Amends the Internal Revenue Code to reduce the excise tax rate on distilled spirits produced in or imported into the United States from $13.50 to $9.00 per proof gallon and to $2.70 on the first 100,000 proof gallons. Makes the $2.70 per proof gallon rate applicable to a specified controlled group of corporations that is a distilled spirits operation.

Powering American Jobs Act of 2015

United States · United States Congress · 21 May 2015

Powering American Jobs Act of 2015 Amends the Internal Revenue Code to extend through 2016: (1) the tax credit for nonbusiness energy efficiency improvements, (2) excise tax credits and payments for alternative fuels and biodiesel and renewable diesel fuel mixtures, (3) the tax credit for alternative fuel vehicle refueling property expenditures, and (4) the income tax credit for biodiesel and renewable fuels. Equalizes the excise tax rate for liquefied natural gas and liquefied petroleum gas. Modifies energy efficiency standards for windows, doors, skylights, roofing, water heaters, biomass stoves, and furnaces or hot water boilers.

Helping Veterans Save for Health Care Act of 2015

United States · United States Congress · 21 May 2015

Helping Veterans Save for Health Care Act of 2015 Amends the Internal Revenue Code to provide that a veteran receiving hospital care or medical services for a service-connected disabililty is not disqualified from participating in or contributing to a tax-preferred health savings account.

DROP Act of 2015

United States · United States Congress · 20 May 2015

Dispose Responsibly of your Pills Act of 2015 or the DROP Act of 2015 Authorizes the Attorney General, in coordination with the Administrator of the Drug Enforcement Administration (DEA), the Secretary of Health and Human Services, and the Director of the Office of National Drug Control Policy, to make grants to eligible entities to expand or make available disposal sites for unwanted prescription medications. Defines "eligible entity" to include: a state, local, or tribal law enforcement agency; a manufacturer, distributor, or reverse distributor of prescription medications; a retail pharmacy; a registered narcotic treatment program; a hospital or clinic with an on-site pharmacy; and an eligible long-term care facility. Requires a recipient to use a grant for: expenses of a prescription drug disposal site; implementing disposal procedures and processes and community education strategies; replicating a prescription drug take back initiative throughout multiple jurisdictions; and training of law enforcement officers and other community participants. Limits grants to not more than $250,000 for not longer than two years. Directs the Attorney General to make a grant: (1) to provide technical assistance and training for a grant recipient, and (2) for evaluation of each recipient's performance. Requires recipients to report each fiscal year on: (1) the effectiveness of their prescription drug take back programs, and (2) the effect of disposal efforts on drug circulation.

Wall Street Accountability through Sustainable Funding Act

United States · United States Congress · 20 May 2015

Wall Street Accountability Through Sustainable Funding Act This bill amends the Commodity Exchange Act to require the Commodity Futures Trading Commission (CFTC) to impose fees to recover the cost of the appropriation to the CFTC for the fiscal year. The fees must be imposed on each agreement, contract, or transaction that is a contract of sale of a commodity for future delivery, an option, or a swap. The CFTC may exempt contracts, agreements, or transactions from the fee if the exemption is consistent with: (1) the public interest; (2) the equal treatment of contract markets, derivatives clearing organizations, and market participants; and (3) the operation of a nationwide market system. The bill also establishes the Commodity Futures Trading Commission Reserve Fund in the Treasury and requires the CFTC to impose and collect an additional fee to be deposited into the Fund. The CFTC may obligate amounts in the Fund for long-term investments in information technology and unexpected expenses. The balance in the fund is limited to $50 million.

State Transportation Flexibility Act

United States · United States Congress · 20 May 2015

State Transportation Flexibility Act Allows a state to elect not to participate in the federal-aid highway program, including any federal highway program under the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users or the Moving Ahead for Progress in the 21st Century Act. Directs the Secretary of Transportation , beginning in FY2015, to carry out a direct federal-aid highway program to permit a state legislature, at least 90 days before the beginning of a fiscal year, to elect to: waive the state's right to receive apportioned or allocated funds under the federal-aid highway program, and receive a prorated amount of taxes appropriated to the Highway Trust Fund (other than for the Mass Transit Account) which are attributable to highway users in the state. Requires a pro rata reduction of such tax-equivalent amount in order to fund contract authority for programs of the National Highway Traffic Safety Administration and the Federal Motor Carrier Safety Administration. Requires the state making an election to: agree to maintain the Interstate System in accordance with the current Interstate System program; submit a plan describing the purposes, projects, and uses to which such amounts will be put and the federal-aid highway programmatic requirements the state elects to continue; and agree to obligate program amounts exclusively for projects that would be eligible for surface transportation program funding. Directs the Secretary to carry out a similar alternative funding program for public transportation programs.

Small Business Expensing Act of 2015

United States · United States Congress · 20 May 2015

Small Business Expensing Act of 2015 This bill amends the Internal Revenue Code, with respect to the taxpayer election to expense depreciable business property (section 179 property), to: (1) increase to $1 million the expensing allowance for such property, (2) increase to $2.5 million the threshold amount of such property after which the amount of the expensing allowance is reduced, (3) grant a permanent right to revoke an expensing election, and (4) make such increased allowance permanent after 2014. The allowance is also made permanent for computer software and for qualified real property (i.e., qualified leasehold improvement property, restaurant property, and retail improvement property).

ITIN Reform Act of 2015

United States · United States Congress · 20 May 2015

ITIN Reform Act of 2015 Amends the Internal Revenue Code to authorize the Department of the Treasury to issue an individual taxpayer identification number (ITIN) to an individual only if such individual: (1) submits an application for an ITIN in person at an Internal Revenue Service (IRS) taxpayer assistance center with required documentation, or (2) submits an application in person outside of the United States to an IRS employee or a designee of Treasury at a U.S. diplomatic mission or consular post with required documentation. Exempts from such requirements: (1) the spouse, or the dependents, without a social security number of a taxpayer who is a member of the U.S. Armed Forces, and (2) nonresident aliens claiming tax treaty benefits. Requires the Treasury Inspector General for Tax Administration to audit, on a biennial basis, the IRS program for issuance of ITINs pursuant to this Act and report to Congress on such audit.

Native American Indian Education Act

United States · United States Congress · 20 May 2015

Native American Indian Education Act Amends the Higher Education Act of 1965 to direct the Department of Education to pay institutions of higher education the out-of-state tuition of their Indian students if the schools are required to provide a tuition-free education, with the support of their state, to Native American Indian students in fulfillment of a condition under which the college or state received its original grant of land and facilities from the federal government. Limits that payment each fiscal year to the institution's total out-of-state tuition for Native American Indian students in academic year 2014-2015. Treats such payments as reimbursements to such institutions from their states. Rescinds unobligated discretionary appropriations to offset the costs of this program.

Stop Deducting Damages Act of 2015

United States · United States Congress · 20 May 2015

Stop Deducting Damages Act of 2015 Amends the Internal Revenue Code to: (1) deny a tax deduction for any amount paid or incurred for compensatory or punitive damages in connection with any judgment in, or settlement of, any action against a government; and (2) include in gross income any amount paid as insurance or otherwise due to liability for punitive damages.

Independent Contractor Tax Fairness and Simplification Act of 2015

United States · United States Congress · 20 May 2015

Independent Contractor Tax Fairness and Simplification Act of 2015 Amends the Internal Revenue Code to set forth criteria for classifying a worker as an employee or an independent contractor. Prohibits: (1) any retroactive assessment of employment tax, except with respect to certain skilled workers, for tax periods after December 31, 1978, unless the employer had no reasonable basis for not treating a worker as an employee, and (2) the issuance, after the enactment of this Act, of Treasury regulations with respect to the employment status of any individual for purposes of the employment tax. Establishes safe harbor provisions upon which a service recipient or payor may rely in classifying a service provider as an independent contractor rather than as an employee where the service provider: (1) incurs significant financial responsibility for providing and maintaining equipment and facilities to perform work under a contract; (2) incurs unreimbursed expenses or risks income fluctuations because remuneration is directly related to sales or other output rather than solely to the number of hours actually worked or expenses incurred; (3) is compensated on factors related to the work performed and not solely on the basis of hours or time expended; and (4) substantially controls the means and manner of performing the contract services, the specifications of the service recipient or payor, and any additional contractual requirements.

Domestic Research Enhancement Act of 2015

United States · United States Congress · 20 May 2015

Domestic Research Enhancement Act of 2015 Amends the Internal Revenue Code to allow a research tax credit for 35% of in-house research expenses (contracted research expenses), including any research funded by any grant or contract or by another person or governmental entity.

ITIN Reform Act of 2015

United States · United States Congress · 20 May 2015

ITIN Reform Act of 2015 Amends the Internal Revenue Code to authorize the Department of the Treasury to issue an individual taxpayer identification number (ITIN) to an individual only if such individual: (1) submits an application for an ITIN in person at an Internal Revenue Service (IRS) taxpayer assistance center with required documentation, or (2) submits an application in person outside of the United States to an IRS employee or a designee of Treasury at a U.S. diplomatic mission or consular post with required documentation. Exempts from such requirements: (1) the spouse, or the dependents, without a social security number of a taxpayer who is a member of the U.S. Armed Forces, and (2) nonresident aliens claiming tax treaty benefits. Requires the Treasury Inspector General for Tax Administration to audit, on a biennial basis, the IRS program for issuance of ITINs pursuant to this Act and report to Congress on such audit.

Maximizing America's Prosperity Act of 2015

United States · United States Congress · 20 May 2015

Maximizing America's Prosperity Act of 2015 This bill amends the Balanced Budget and Emergency Deficit Control Act of 1985 and the Congressional Budget and Impoundment Control Act of 1974 to limit total noninterest federal spending to a specified percentage of potential gross domestic product (GDP). The cap begins at 19% of potential GDP for FY2016 and decreases each fiscal year until it reaches 16% of potential GDP for FY2024 and subsequent fiscal years. The total cap for each year fiscal year must be reduced by an amount equal to the unfunded direct costs of federal mandates for the year. The bill revises the existing sequestration process to establish a new process to enforce the limits established by this bill. To enforce the caps, the bill's sequestration process would impose automatic cuts to discretionary spending. No discretionary budget account is permitted to be reduced by more than 5% of its budgetary resources. The bill eliminates adjustments to spending limits that are currently permitted for emergency spending. The President's budget must include an allowance for emergency spending that is no less than 1% of discretionary spending for the year. The appropriations committees must set aside for emergencies 1% of the funding allocation provided to the committees by the budget resolution.

SENATE BUDGET COMMITTEE MID-SESSION HEARINGS FISCAL YEAR 2016

United States · United States Senate · 19 May 2015

GROW AMERICA Act

United States · United States Congress · 19 May 2015

Generating Renewal, Opportunity, and Work with Accelerated Mobility, Efficiency, and Rebuilding of Infrastructure and Communities throughout America Act or the GROW AMERICA Act Prescribes requirements for environmental reviews with respect to state and federal agency engagement, obstruction of navigation, historic sites, categorical exclusion of multimodal projects from environmental review, and creation in the Department of Transportation (DOT) of an Interagency Infrastructure Permitting Improvement Center. Directs DOT to establish a multimodal freight incentive grant program and a National Freight Infrastructure Program. Redesignates the Dwight D. Eisenhower System of Interstate and Defense Highways as the National Highway System and the National Freight Network. Requires the federal long-range transportation plan to include a transportation system resilience assessment. Prescribes criteria for high performing metropolitan planning organizations (MPOs) representing urbanized areas with populations of over 200,000. Removes the congestion management process from the transportation planning process for MPOs. Directs DOT to establish a pilot program for up to 10 MPOs to improve multimodal connectivity and increase connections for disadvantaged Americans and neighborhoods with limited transportation options. Revises requirements with respect to congestion mitigation and air quality improvement, including electric vehicle charging stations and commercial motor vehicle anti-idling facilities in rest areas along the Interstate System. Establishes in DOT: a discretionary TIGER Infrastructure Grant Program for various transportation projects; and a discretionary FAST Grant Program to reform the way surface transportation investments and decisions are made, implemented, and funded to achieve national transportation outcomes. Revises requirements for the funding of railroad rehabilitation and improvement financing, the state infrastructure bank program, toll roads, bridges, tunnels, and ferries. Establishes within DOT the position of Assistant Secretary for Innovative Finance. Reauthorizes the federal-aid highway and related programs through FY2021, including revised obligation limitation and apportionment requirements. Directs DOT to: establish a nationally significant federal lands and tribal projects program to fund construction, reconstruction, or rehabilitation of nationally significant federal lands and tribal transportation projects; carry out a broadband infrastructure deployment initiative; create a program to make critical and immediate improvements to infrastructure and highway safety; set-aside specified funds for states for highway safety data improvement activities on public roads; and create and maintain data sets and data analysis tools to assist MPOs, states, and the DOT in carrying out performance management analyses. Federal Public Transportation Act of 2015 Revises fixed guideway capital investment grants requirements. Authorizes grants to state and local governments for very small starts projects. Revises requirements for formula grants for enhanced mobility and for rural areas, workforce development programs, and the public transportation safety program. Requires recipients of transportation assistance to meet certain standards for hiring locally. Reauthorizes specified public transportation assistance programs through FY2021. Authorizes DOT to make competitive grants to state and local governmental entities for bus rapid transit projects. Authorizes appropriations for specified highway safety programs through FY2021, and revises related requirements. Revises criteria for state graduated driver licensing incentive grants. Adds a 24-7 sobriety program to criteria for state repeat offender and open container laws. Authorizes specified amounts of grant funds to states for distracted driving enforcement. Authorizes appropriations for specified motor vehicle safety programs through FY2021, and increases penalties for safety violations. Revises certain reporting requirements for tire manufacturers. Requires DOT to conduct a pilot grant program to evaluate the feasibility and effectiveness for a state process for informing consumers of open motor vehicle recalls at the time of motor vehicle registration. Revises specified requirements for commercial motor vehicle and commercial driver safety. Requires disqualification to operate a commercial motor vehicle for anyone who fails to pay an assessed civil penalty for a motor vehicle safety violation. Revises certain medical and registration requirements for commercial motor vehicle operators. Revises requirements for the Motor Carrier Safety Assistance Program. Directs DOT to administer a High Priority Program, an innovative technology deployment grant program, and a Commercial Motor Vehicle Operators Grant Program. Authorizes DOT to establish: a motor carrier safety facility working capital fund, and a financial assistance program for commercial driver's license program implementation. Directs DOT to maintain for the Federal Motor Carrier Safety Administration a motor carrier safety advisory committee. Revises requirements for the Unified Carrier Registration System plan. Repeals the authorization for self-insurance by motor carriers. Prescribes notice requirements relating to decisions that electronic logging devices fail to comply with standards. Authorizes DOT to issue regulations: governing contractors that exercise control over motor carrier operations; and requiring motor vehicle employers to track and compensate employees for on-duty, not-driving time. Authorizes DOT, with respect to unsafe conditions or practices in the transportation of hazardous materials (hazmat transportation), to order necessary: operational controls, restrictions, and prohibitions without prior notice or an opportunity for a hearing; and removal, remediation, or disposal of hazardous materials causing unreasonable risk of death, personal injury, or significant harm to the property or the environment. Authorizes DOT to collect reasonable fees for the administration of the special permits and approvals for deposit into a Hazardous Materials Approvals and Permits Fund. Revises requirements for planning and training grants under the Emergency Planning and Community Right-To-Know Act of 1986. Reauthorizes the program for regulating hazmat transportation through FY2021. Amends the Internal Revenue Code to extend through FY2023 specified highway-related taxes as well as requirements for expenditures from the Sport Fish Restoration and Boating Trust Fund. Replaces the Highway Trust Fund with a Transportation Trust Fund, and authorizes appropriations to it through FY2021. Directs DOT to establish and support a National Cooperative Freight Transportation Research Program and a Priority Multimodal Research Program. Revises the competitive selection process for the university transportation centers consortia program. Requires the Director of the Bureau of Transportation Statistics (BTS) to create data sets and data analysis tools for intermodal transportation data. Establishes in the BTS a National Transportation Library. Authorizes the BTS Director to establish a Port Performance Statistics Program to provide nationally consistent measures of performance of the nation's maritime ports. Revises requirements for the intelligent transportation system (ITS) program. Includes as an ITS program goal the development and deployment of automated vehicles in all modes of surface transportation. Prescribes requirements for the use of funds to develop ITS infrastructure, equipment, and systems. Rail for America Act Directs DOT to facilitate by financial assistance the establishment of a National High-Performance Rail System of integrated passenger and freight rail services, including a Current Passenger Rail Service Program and a Rail Service Improvement Program. Authorizes appropriations through FY2021 for the System and for the planning, development, construction, and implementation of rail corridors and related infrastructure improvements. Requires Amtrak to submit to the Secretary draft 5-year business line plans and draft 5-year capital asset plans. Authorizes DOT to establish Regional Rail Development Authorities, including a Regional Committee, to facilitate the development of multi-state high-performance rail services, and to coordinate these investments with other rail, transit, highway, and aviation system services. Prescribes requirements for the standardization of passenger equipment and level-entry boarding platforms. Directs DOT to: evaluate the shared-use of right-of-way by passenger and freight rail systems and the operational, institutional, and legal structures that would best support improvements to both of these systems; and conduct a nationwide disparity and availability study to establish the availability and utilization of small business concerns owned and controlled by socially and economically disadvantaged individuals in publicly funded railroad projects. Requires DOT to complete a National Rail Development Plan meeting certain criteria, and facilitate development of Regional Rail Development Plans. Authorizes DOT to prescribe regulations or issue orders to require host railroads for joint operations that occur within a small geographic area to develop unified rules governing all operations within that area. Revises or prescribes requirements relating to positive train control, hours of service, maximum employee duty hours, safety appliances, locomotive inspections, noise emission standards, and damaged track inspection equipment. Authorizes federal agency heads to construct, install, operate, and maintain electric charging infrastructure for official agency vehicles.

On-the-Job Training Tax Credit Act of 2015

United States · United States Congress · 19 May 2015

On-the-Job Training Tax Credit Act of 2015 Amends the Internal Revenue Code to allow employers who employ not more than 500 full-time employees during the taxable year an on-the-job 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. Defines "qualified training program" as a written plan of study and training that is either: (1) an apprenticeship program registered and certified with the Department of Labor under the National Apprenticeship Act; (2) a program licensed, registered, or certified by the workforce investment board or apprenticeship agency or council of a state or administered in compliance with state apprenticeship laws; (3) a program conducted by a vocational or technical education school, community college, industrial or trade training organization, or labor organization; (4) a program which conforms to apprentice training programs developed or administered by an employer trade group or committee; or (5) an industry-sponsored or -administered program which is clearly identified and commonly recognized. Terminates such credit after 2017.

National Defense Authorization Act for Fiscal Year 2016

United States · United States Congress · 19 May 2015

National Defense Authorization Act for Fiscal Year 2016 This bill authorizes FY2016 appropriations and sets forth policies regarding the military activities of the Department of Defense (DOD), military construction, and the defense activities of the Department of Energy (DOE). The bill authorizes appropriations, but does not provide appropriations, which are considered in subsequent appropriations legislation. The bill authorizes appropriations to DOD for: Procurement; Research, Development, Test, and Evaluation; Operation and Maintenance; the Revolving and Working Capital Funds; and Overseas Contingency Operations. The bill also authorizes the FY2016 personnel strengths for active duty and reserve forces and sets forth policies regarding: military personnel; compensation and other personnel benefits; health care; acquisition policy and management; DOD organization and management; civilian personnel matters; matters relating to foreign nations; cooperative threat reduction; and strategic programs, cyber, and intelligence matters. The bill authorizes appropriations and sets forth policies for DOE national security programs, including the National Nuclear Security Administration. Military Construction Authorization Act for Fiscal Year 2016 The bill authorizes appropriations and sets forth policies regarding military construction for the Army, Navy, Air Force, defense agencies, the North Atlantic Treaty Organization Security Investment Program, and Guard and Reserve Forces facilities. The bill also authorizes appropriations for base realignment and closure activities.

College for All Act

United States · United States Congress · 19 May 2015

College for All Act This bill directs the Department of Education (ED) to award grants to states to eliminate tuition and required fees at public institutions of higher education (IHEs). It also amends the Higher Education Act of 1965 to: modify provisions related to interest rates on federal student loans to revise rates applicable to new loans disbursed on or after July 1, 2015; allow student loan borrowers to modify interest rates on outstanding federal student loans to current rates; reauthorize the Federal Work Study program for FY2016-FY2020; eliminate existing base guarantees of Federal Work Study funds to IHEs and require funds to be allocated based solely on the aggregate need of the institution’s students; authorize ED to establish a pilot program to streamline the federal financial assistance application process and reduce the need for students to apply for financial assistance each year; and require ED to use tax information from the second preceding tax year (the “prior, prior year”) to determine a student’s financial aid eligibility. Inclusive Prosperity Act of 2015 To offset the cost, this bill amends the Internal Revenue Code to impose a transaction tax on certain securities transfers. An individual taxpayer whose modified adjusted gross income does not exceed $50,000 ($75,000 for married taxpayers filing joint returns) is eligible for a tax credit for the amount of tax paid on covered transactions.

Inclusive Prosperity Act of 2015

United States · United States Congress · 19 May 2015

Inclusive Prosperity Act of 2015 Amends the Internal Revenue Code to: (1) impose an excise tax on the transfer of ownership in certain securities (covered transaction), including any share of stock in a corporation, any partnership or beneficial interest in a partnership or trust, any note, bond, debenture, or other evidence of indebtedness (excluding tax-exempt municipal bonds), or derivative financial instruments; (2) impose a penalty on taxpayers who fail to include a covered transaction on their tax return or information statement; and (3) allow an individual taxpayer whose modified adjusted gross income does not exceed $50,000 ($75,000 for married taxpayers filing joint returns) a tax credit for the amount of tax paid on covered transactions.

Support for Bridges Act

United States · United States Congress · 19 May 2015

Support for Bridges Act This bill decreases from 63.7% to 49% the amount of a state's base apportionment of federal-aid highway funds slated for the national highway performance program. The bill also increases from 29.3% to 44% the state's apportionment for the surface transportation program (including federal-aid highway bridge construction and rehabilitation). A state's obligation to commit for off-system bridges a specified amount of its apportionment of surface transportation block grant program funds shall continue for FY2016 and each ensuing fiscal year.

Hire A Hero Act of 2015

United States · United States Congress · 19 May 2015

Hire A Hero Act of 2015 Amends the Internal Revenue Code to: (1) allow employers a work opportunity tax credit for hiring a member of the Ready Reserve or the National Guard, and (2) make such credit with respect to the hiring of qualified veterans and members of the Ready Reserve and National Guard permanent.

Adoption Tax Credit Refundability Act of 2015

United States · United States Congress · 19 May 2015

Adoption Tax Credit Refundability Act of 2015 Amends the Internal Revenue Code to make the tax credit for adoption expenses refundable.

Student Loan Tax Debt Relief Act

United States · United States Congress · 19 May 2015

Student Loan Tax Debt Relief Act Amends the Internal Revenue Code to expand the exclusion from gross income of income attributable to the discharge of student loan indebtedness to include indebtedness discharged pursuant to income-contingent and income-based repayment plans.

New Energy for America Act

United States · United States Congress · 19 May 2015

New Energy for America Act This bill amends the Internal Revenue Code to extend: (1) the tax credit for residential energy efficient property expenditures through calendar year 2021; and (2) the energy tax credit for energy property, including solar energy property, qualified fuel cell property, qualified microturbine property, combined heat and power system property, and thermal energy property, the construction of which begins before January 1, 2022.

Main Street Revival Act

United States · United States Congress · 19 May 2015

Main Street Revival Act Amends the Internal Revenue Code to allow a specified small business to pay its first-year employment taxes in four annual installments. Defines "specified small business" as any HUBZone business (a business operating in a historically underutilized business zone as defined by the Small Business Act) that is not reasonably expected to employ more than 25 full-time employees in its first year of operation.

FILM Act

United States · United States Congress · 19 May 2015

Facilitating Investments in Local Markets Act or the FILM Act Amends the Internal Revenue Code, with respect to the expensing of the costs of qualified film and television productions, to: (1) extend through 2016 provisions allowing such expensing, and (2) allow such expensing for the costs of certain live theatrical productions.

Social Security Identity Defense Act of 2015

United States · United States Congress · 18 May 2015

Social Security Identity Defense Act of 2015 This bill amends the Internal Revenue Code, with respect to the disclosure of tax return information in cases of identity theft, to require the Department of the Treasury to: (1) disclose to the holder of a valid social security account number that there is reason to believe that there has been a fraudulent use of such account number; and (2) disclose to the Federal Bureau of Investigation (FBI) and the Department of Justice (DOJ) such social security account number, that there is reason to believe that such account number has been fraudulently used in the employment context, and the taxpayer identity information of the individual who was assigned such account number. The bill authorizes the FBI and DOJ to disclose taxpayer information to appropriate federal, state, and local law enforcement officials solely for purposes of carrying out criminal investigations or prosecutions. The bill also imposes new criminal and civil penalties for tax-related identity theft and misappropriation of tax identification numbers.

Coal Healthcare and Pensions Protection Act of 2015

United States · United States Congress · 18 May 2015

Coal Healthcare and Pensions Protection Act of 2015 Amends the Surface Mining Control and Reclamation Act of 1977 to address potential shortages in the Multiemployer Health Benefit Plan for payment of health care benefits to retired coal miners by expanding the eligible uses of interest transferable to the plan from the Abandoned Mine Reclamation Fund, and supplemental payments from the General Fund of the Treasury. Requires calculation of such amount by taking into account only those beneficiaries who are actually enrolled in the plan as of the enactment of this Act, as well as those retirees whose health benefits, payable directly by an employer in the bituminous coal industry under a coal wage agreement as a result of a bankruptcy proceeding commenced in 2012, would be denied or reduced. Requires the Department of the Treasury to transfer to the trustees of the 1974 United Mine Workers of America (UMWA) Pension Plan a certain additional amount of funds, to pay pension benefits required under that plan, if the $490 million limitation on certain transfers to the UMWA Combined Benefit Fund and distributions to states and Indian tribes exceeds the aggregate amount required to be transferred to them. Amends the Internal Revenue Code to prescribe a special rule that employer contributions to an employees' trust or annuity benefit plan providing supplemental benefits solely to participants in a pension plan are neither deductible nor nondeductible as such from the employer's gross income. Subjects such contributions, on the other hand, to deduction as an allowable trade or business expense. Treats a trust holding the assets of such a pension benefit plan as a tax-exempt organization. Excludes from taxable wages any payments made to, or on behalf of, an employee or his or her beneficiary under such a plan.

Providing for consideration of the bill (H.R. 1806) to provide for technological innovation through the prioritization of Federal investment in basic research, fundamental scientific discovery, and development to improve the competitiveness of the United States, and for other purposes; providing for consideration of the bill (H.R. 2250) making appropriations for the Legislative Branch for the fiscal year ending September 30, 2016, and for other purposes; and providing for consideration of the bill (H.R. 2353) to provide an extension of Federal-aid highway, highway safety, motor carrier safety, transit, and other programs funded out of the Highway Trust Fund, and for other purposes.

United States · United States Congress · 18 May 2015

Sets forth the rule for consideration of the bill (H.R. 1806) to provide for technological innovation through the prioritization of Federal investment in basic research, fundamental scientific discovery, and development to improve the competitiveness of the United States, and for other purposes; providing for consideration of the bill (H.R. 2250) making appropriations for the Legislative Branch for the fiscal year ending September 30, 2016, and for other purposes; and providing for consideration of the bill (H.R. 2353) to provide an extension of Federal-aid highway, highway safety, motor carrier safety, transit, and other programs funded out of the Highway Trust Fund.

A bill to amend the Internal Revenue Code of 1986 to extend and improve the Indian coal production tax credit.

United States · United States Congress · 18 May 2015

Amends the Internal Revenue Code, with respect to the tax credit for producing electricity from an Indian coal production facility, to eliminate: (1) the requirement that such a facility be placed in service before January 1, 2009, and (2) the limitation on the period during which such coal is required to be produced and sold.

Protect Student Borrowers Act of 2015

United States · United States Congress · 15 May 2015

Protect Student Borrowers Act of 2015 This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to require institutions of higher education (IHEs) participating in the William D. Ford Federal Direct Loan program to accept specified risk-sharing requirements. For any fiscal year in which at least 25% of the IHE's student body is participating in the Direct Loan program, the IHE must remit a risk-sharing payment (a percentage of the total amount of its defaulted Direct Loans) that declines as the cohort default rate declines. If an IHE develops and implements an approved student loan management plan that includes individualized financial aid counseling for students and strategies to minimize student loan default and delinquency, the Department of Education (ED) must modify the risk-sharing requirements. ED may waive or reduce an IHE's risk-sharing payments in certain other instances. An IHE may not deny admission or financial aid based on a perception that a student may be at risk for defaulting on a Direct Loan. ED may enter into contracts or cooperative agreements for: (1) statewide or institutionally-based programs for the prevention of federal student loan delinquency and default at IHEs that have a high cohort default rate or serve large numbers of students who have a higher risk of defaulting on student loans under title IV, and (2) increasing the number of borrowers who successfully rehabilitate defaulted loans. Risk-sharing payments are to be deposited in a separate account in the Treasury and used as follows: (1) up to 50% for ED to enter into the contracts or cooperative agreements for delinquency and default prevention or rehabilitation, and (2) the remainder to offset any future shortfalls in funding under the Federal Pell Grant program. An IHE's ability to meet its obligation to make risk-sharing payments shall be part of the determination of its eligibility to participate in title IV programs.