Taxation

Pregnancy Center Support Act of 2024

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.

To amend the Internal Revenue Code of 1986 to take certain Medicare premiums of household members into account in determining the health care insurance premiums tax credit.

United States · United States Congress · 17 January 2024

Tax Relief for American Families and Workers Act of 2024

United States · United States Congress · 17 January 2024

Tax Relief for American Families and Workers Act of 2024 This bill increases and modifies child tax credit provisions, increases depreciation allowances to promote economic innovation and growth, provides special rules for the taxation of residents of Taiwan with income from U.S. sources, increases tax relief provisions for losses due to natural disasters and wildfires, and increases the low-income housing tax credit.

Safeguarding Charity Act

United States · United States Congress · 17 January 2024

Safeguarding Charity Act This bill provides that federal financial assistance does not include any exemption from federal income tax.   

Protecting Life in Health Savings Accounts Act

United States · United States Congress · 17 January 2024

Protecting Life in Health Savings Accounts Act This bill prohibits payment of expenses from specified tax-exempt savings accounts, including health savings accounts and health flexible spending arrangements and reimbursement arrangements, for abortions, except for abortions to end a pregnancy due to rape or incest or to protect the life or health of the mother.

Safeguarding Charity Act

United States · United States Congress · 17 January 2024

Abortion Is Not Health Care Act of 2024

United States · United States Congress · 17 January 2024

Abortion Is Not Health Care Act of 2024 This bill prohibits a tax deduction for medical expenses relating to an abortion, with specified exceptions for rape or incest, or to protect the life or health of the mother.

Providing the sense of the House of Representatives that the House should not adjourn until the annual appropriation bills within the jurisdiction of all the subcommittees of the Committee on Appropriations for the current fiscal year are enacted into law.

United States · United States Congress · 12 January 2024

This resolution expresses the sense of the House of Representatives that the House should not adjourn until all of the annual appropriations bills for the current fiscal year have been enacted.

DASH Act

United States · United States Congress · 11 January 2024

Decent, Affordable, Safe Housing for all Act or the DASH Act This bill provides grants, loans, tax credits, and other assistance to promote the building, maintenance, and affordability of housing. Specifically, the bill requires the Department of Housing and Urban Development to (1) provide housing vouchers to individuals and families experiencing or at risk of experiencing homelessness, (2) provide grants for the modular construction of affordable housing, (3) propose a new formula for distribution of Housing Trust Fund amounts, and (4) encourage zoning and community planning methods that promote multi-family housing. The bill also makes permanent certain homeless assistance programs. The Department of Agriculture (USDA) must provide additional grants and loans to construct or preserve affordable housing for farm laborers and may provide rural housing vouchers for low-income households residing in certain properties financed with a loan made or insured by USDA. The bill also provides statutory authority for a program to preserve and revitalize USDA-backed housing projects, including by restructuring existing housing loans. The bill expands the Low-Income Housing Tax Credit (LIHTC), including by increasing the credit for projects serving extremely low-income households. Further, the bill creates a refundable tax credit for participating owners of rental buildings who lower rents for their low-income tenants. The bill also creates a tax credit similar to the LIHTC for the development of housing for middle-income households and provides a tax credit of up to $15,000 for first-time homebuyers.

Providing for the consideration of the bill (H.R. 5863) to provide tax relief with respect to certain Federal disasters.

United States · United States Congress · 11 January 2024

This resolution provides for the consideration of the bill (H.R. 5863) to provide tax relief with respect to certain federal disasters.

Fiscal State of the Nation Act

United States · United States Congress · 11 January 2024

Fiscal State of the Nation Act This bill requires the House of Representatives and the Senate to conduct an annual joint meeting to receive a presentation from the Comptroller General regarding (1) the Government Accountability Office's audit of the financial statement of the executive branch, and (2) the financial position and condition of the federal government. The bill also requires concurrent resolutions on the budget to include a statement of findings informed by the presentation.

To amend the Internal Revenue Code of 1986 to provide a credit to small businesses for research activities related to the mitigation of certain drug threats.

United States · United States Congress · 11 January 2024

This bill allows certain small businesses a new tax credit for 10% of their qualified drug threat mitigation research expenses. Such expenses include research into mitigating or treating the effects of specified drugs, including any emerging drugs, fentanyl, a fentanyl-related substance, or methamphetamine.

Tax Relief for Victims of Crimes, Scams, and Disasters Act

United States · United States Congress · 10 January 2024

Tax Relief for Victims of Crimes, Scams, and Disasters Act This bill reinstates the tax deduction for certain personal casualty losses (e.g., resulting from crimes, scams, natural disasters) by eliminating the suspension period (2018-2025) on such deduction. The bill also extends the period for filing an amended return for claiming personal casualty losses.

Debt Commission Act of 2024

United States · United States Congress · 9 January 2024

Debt Commission Act of 2024 This bill establishes a debt commission within Congress, comprised of Members of Congress. The debt commission shall identify policies to (1) achieve a sustainable ratio of federal debt to gross domestic product, (2) improve the long-term solvency of federal programs funded through trust funds, and (3) enhance the fiscal oversight function of Congress. The debt commission must submit a report and legislative language to carry out its recommendations. The Congressional Budget Office must provide specified economic and budgetary estimates of the commission's legislative language. Congress shall consider bills submitted by the debt commission in an expedited manner.

OPEN Act

United States · United States Congress · 5 January 2024

Openness in Political Expenditures Now Act or the OPEN Act This bill requires each corporation that submits regular and periodic reports to shareholders to (1) include information about certain political activities during the time period covered by the report, and (2) provide copies of reports disclosing political activities to the Federal Election Commission. The bill also prohibits an organization from obtaining tax-exempt status under Section 501(c)(4) of the Internal Revenue Code if its expenditures on covered political activities exceed certain thresholds in a taxable year.