Taxation

To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction for the mining, reclaiming, or recycling of critical minerals and metals from the United States, and to support the development of domestic supply chains for rare earth elements and other critical materials essential to United States technology, manufacturing, energy, healthcare and advanced medical devices, broadband infrastructure, transportation, and national defense.

United States · United States Congress · 20 April 2021

This bill allows permanent expensing of property used in the mining, reclaiming, or recycling of certain critical minerals and metals within the United States and of nonresidential real property used in mining such minerals and metals. Expensing is the treatment of expenditures as operating costs deductible in full in the current taxable year. The bill allows a new tax deduction for 200% of the cost of purchasing or acquiring such critical minerals and metals extracted from deposits in the United States and a 22% rate of percentage depletion for such critical minerals and metals. The bill requires the Department of the Interior to establish a pilot project grant program for the development of critical minerals and metals in the United States. A grant awarded under such program may not exceed $10 million. In awarding grants, Interior must give priority to projects determined to be economically viable over the long term and must allot not less than 30% of grants funds to the secondary recovery of critical minerals and metals.

Superfund Reinvestment Act

United States · United States Congress · 20 April 2021

Superfund Reinvestment Act This bill authorizes the use of amounts in the Hazardous Substance Superfund for environmental cleanup costs under the Superfund program (which provides funding to clean up sites contaminated with hazardous substances). Receipts and disbursements of the Hazardous Substance Superfund must (1) not be counted for purposes of the President's budget, the congressional budget, the Balanced Budget and Emergency Deficit Control Act of 1985, or the Statutory Pay-As-You-Go Act of 2010; (2) be exempt from general budget limitations imposed by statute on expenditures and net lending (budget outlays); and (3) be available only for the allowable uses specified for the Superfund. This bill (1) reinstates and adjusts for inflation annually after 2021, the Hazardous Substance Superfund financing rate and the corporate environmental income tax threshold amount; and (2) extends the borrowing authority of the Superfund through 2029.

Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act

United States · United States Congress · 20 April 2021

Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act This bill provides for a new small business investor tax credit to promote investment in start-up businesses and a first employee tax credit equal to 25% of employee wages, up to $10,000 in a taxable year. An employer may elect to apply the amount of the first employee tax credit to payroll tax liability.

Superfund Polluter Pays Act

United States · United States Congress · 20 April 2021

Superfund Polluter Pays Act This bill reinstates and extends the Hazardous Substance Superfund Financing rate through 2025 and increases the rate to 16.3 cents a barrel, adjusted for inflation beginning after 2021. The bill imposes on corporations a 0.12% tax of the excess of the modified environmental tax taxable income of the corporation over $3.13 million.

American Workforce Empowerment Act

United States · United States Congress · 20 April 2021

American Workforce Empowerment Act This bill allows tax-preferred college savings plans (529 plans) to fund certain postsecondary certificate programs and apprenticeship programs.

To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain wastewater management subsidies.

United States · United States Congress · 20 April 2021

This bill excludes from gross income, for income tax purposes, a taxpayer subsidy provided by a state or local government to a resident for the purchase or installation of any wastewater management measure intended solely for the taxpayer's principal residence.

Working Families Childcare Access Act of 2021

United States · United States Congress · 20 April 2021

Working Families Childcare Access Act of 2021 or the WFCA Act of 2021 This bill allows certain additional expenses in a dependent care flexible spending arrangement (FSA), specifically qualified sports, tutoring, and music or art expenses. It also increases the eligibility age for dependent care benefits to 15, allows a carry forward of unused benefits to the next plan year, and increases to $15,000 the maximum amount of dependent care benefits excludible from employee gross income.

The Civilian Climate Corps for Jobs and Justice Act

United States · United States Congress · 20 April 2021

Civilian Climate Corps for Jobs and Justice Act This bill establishes a Civilian Climate Corps Program and generally revises benefits provided to national service program participants. The bill establishes a Civilian Climate Corps to operate (1) a national climate service program; and (2) a national climate service grant program to help communities respond to climate change and transition to a clean economy, including through reducing carbon emissions. The bill also provides for allowances for participants in certain national service programs, including the Volunteers in Service to America (VISTA) program and the National Civilian Community Corps. The bill expands the exclusion from gross income, for income tax purposes, to exclude amounts received as educational awards or benefits and income attributable to discharges of student loan debt under the National and Community Service Act of 1990.

A bill to amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain waste water management subsidies.

United States · United States Congress · 20 April 2021

This bill excludes from gross income, for income tax purposes, a taxpayer subsidy provided by a state or local government to a resident for the purchase or installation of any wastewater management measure intended solely for the taxpayer's principal residence.

Territorial Equity Act of 2021

United States · United States Congress · 20 April 2021

Territorial Equity Act of 2021 This bill alters provisions relating to the treatment of U.S. territories under Medicaid, Medicare, Medicare Advantage, the Supplemental Security Income (SSI) program, and other federal assistance programs. The bill modifies provisions under several health care programs with respect to U.S. territories. Among other changes, the bill eliminates Medicaid funding limitations for U.S. territories beginning in FY2022, repeals provisions that exclude residents of Puerto Rico from a certain automatic enrollment process for Medicare medical services, establishes minimum criteria for certain elements used in Medicare Advantage payment calculations for areas within U.S. territories, and allows residents of U.S. territories who are unable to obtain health insurance through their employer or a health insurance exchange to instead obtain coverage that is at least as broad as the coverage available to Members of Congress and their staff through the District of Columbia exchange. The bill also modifies provisions under other federal assistance programs. Among other changes, the bill allows Puerto Rico, American Samoa, and the Northern Mariana Islands to participate in the Supplemental Nutrition Assistance Program (SNAP, formerly known as the food stamp program); makes residents of Puerto Rico eligible for the federal earned income tax credit; and extends the SSI program to Puerto Rico, Guam, the Virgin Islands, and American Samoa.

Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act

United States · United States Congress · 20 April 2021

Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act This bill provides for a new small business investor tax credit to promote investment in start-up businesses and a first employee tax credit equal to 25% of employee wages, up to $10,000 in a taxable year. An employer may elect to apply the amount of the first employee tax credit to payroll tax liability.

Civilian Climate Corps for Jobs and Justice Act

United States · United States Congress · 20 April 2021

Civilian Climate Corps for Jobs and Justice Act This bill establishes a Civilian Climate Corps Program and generally revises benefits provided to national service program participants. The bill establishes a Civilian Climate Corps to operate (1) a national climate service program; and (2) a national climate service grant program to help communities respond to climate change and transition to a clean economy, including through reducing carbon emissions. The bill also provides for allowances for participants in certain national service programs, including the Volunteers in Service to America (VISTA) program and the National Civilian Community Corps. The bill expands the exclusion from gross income, for income tax purposes, to exclude amounts received as educational awards or benefits and income attributable to discharges of student loan debt under the National and Community Service Act of 1990.

Small Business Tax Fairness and Compliance Simplification Act

United States · United States Congress · 20 April 2021

Small Business Tax Fairness and Compliance Simplification Act This bill expands the tax credit for a portion of the employer-paid Social Security taxes for employee cash tips to include beauty service establishments. (Under current law, the credit is limited to tips received for providing, serving, or delivering food or beverages.) The credit applies to tips received in connection with providing beauty services to a customer or client if tipping employees who provide the service is customary. Beauty services include barbering and hair care, nail care, esthetics, and body and spa treatments. The bill also (1) establishes an employer tip reporting safe harbor for beauty service establishments, and (2) specifies reporting requirements for income received from renting space to individuals who provide beauty services. The employer tip reporting safe harbor for beauty service establishments provides an exemption from certain Internal Revenue Service tip examinations for employers who meet certain requirements for educational programs, reporting procedures, compliance with tax law, and recordkeeping.

MMEDS Act of 2021

United States · United States Congress · 19 April 2021

Medical Manufacturing, Economic Development, and Sustainability Act of 2021 or the MMEDS Act of 2021 This bill provides incentives for relocating medical manufacturing facilities in the United States and for manufacturing medical products (i.e., drugs and devices) in economically distressed zones. Specifically, the bill allows a income tax credit for 40% of the sum of wages paid in a medical manufacturing economically distressed zone, employee fringe benefit expenses, and depreciation and amortization allowances with respect to qualified medical manufacturing facility property, and a credit for economically distressed zone products and services acquired by domestic medical manufacturers. The bill increases the credit rate for minority businesses.

Union Member Protection Act

United States · United States Congress · 19 April 2021

Union Member Protection Act This bill requires labor unions to obtain approval of a majority of union members for specified political expenditures. Further, it requires unions to report proposed political expenditures and to disclose the vote of each union officer with respect to such expenditures during the preceding fiscal year. Additionally, labor union bylaws must require principal officers to vote on individual political expenditures in excess of $50,000 and such individual votes must be made publicly available on the union's website.

MMEDS Act of 2021

United States · United States Congress · 19 April 2021

Medical Manufacturing, Economic Development, and Sustainability Act of 2021 or the MMEDS Act of 2021 This bill provides incentives for relocating medical manufacturing facilities in the United States and for manufacturing medical products (i.e., drugs and devices) in economically distressed zones. Specifically, the bill allows a income tax credit for 40% of the sum of wages paid in a medical product manufacturing economically distressed zone, employee fringe benefit expenses, and depreciation and amortization allowances with respect to qualified medical product manufacturing facility property, and a credit for economically distressed zone products and services acquired by domestic medical product manufacturers.. The bill also directs the Department of Health and Human Services to study the extent to which the health of aging individuals and vulnerable populations have been disproportionately harmed by the COVID-19 (i.e., coronavirus disease 2019) pandemic and prior epidemics and pandemics.

Bust Up Big Tech Act

United States · United States Congress · 19 April 2021

Bust Up Big Tech Act This bill prohibits large online platforms in the business of offering search engines, marketplaces, or exchanges from selling, advertising, or otherwise promoting their own goods and services on their websites. The bill also prohibits such online platforms from providing online hosting services or back-end online services to any other entity that is not owned by the platform. Such platforms are those with more than $1.5 billion in global revenue during the most recent tax year and over 30 million U.S. users or 300 million worldwide users

Forestry Education and Workforce Development Act of 2021

United States · United States Congress · 16 April 2021

Forestry Education and Workforce Development Act of 2021 This bill directs the Department of Agriculture (USDA) to make grants to eligible institutions to carry out forestry education and workforce development programs to prepare students for careers in forestry. The amount of grant funds awarded each fiscal year to land grant colleges or universities shall be equal to the amount of grant funds awarded to other institutions of higher education and area career and technical education schools. Enrollees in Civilian Conservation Centers may provide assistance in carrying out reforestation activities in priority areas, as determined by USDA.

Cameron’s Law

United States · United States Congress · 16 April 2021

Cameron's Law This bill increases the rate of the tax credit for clinical testing expenses for rare diseases or conditions from 25% to 50% (orphan drug tax credit). The bill also requires the Centers for Disease Control and Prevention to complete a study to evaluate the feasibility of enhancing and expanding the infrastructure to track the epidemiology of rare diseases or conditions.

LIFT Act

United States · United States Congress · 16 April 2021

Local Infrastructure Financing Tools Act or the LIFT Act This bill allows the issuer of an American Infrastructure Bond a credit with respect to each interest payment under such bond. The bill restores advance refundings of bonds to allow states and localities to refinance existing debt. The bill increases to $30 million the limitation on bank-qualified debt for small municipal and nonprofit issuers.

To amend the Internal Revenue Code of 1986 to increase and expand the credit for carbon oxide sequestration.

United States · United States Congress · 16 April 2021

This bill modifies the tax credit for carbon oxide sequestration. It increases the applicable dollar amount of such credit, repeals the placed-in-service deadline, expands the types of facilities to which the credit applies, and extends the credit period from 12 to 20 years.

National Committee on Fiscal Responsibility and Reform Act of 2021

United States · United States Congress · 16 April 2021

National Committee on Fiscal Responsibility and Reform Act of 2021 This bill establishes the National Committee on Fiscal Responsibility and Reform to make recommendations to reduce the budget deficit by at least $3.25 trillion over FY2021-FY2031. The committee must be established as a joint select committee of Congress and consist of 12 Members of Congress appointed by specified members of the congressional leadership. The specific functions of the committee are to investigate policies to improve the fiscal situation in the medium term; achieve fiscal sustainability over the long run; propose legislation designed to balance the budget, excluding interest payments on the debt, by 2031; and issue a final report to Congress. Congress must use specified expedited legislative procedures to consider legislation that is approved by at least eight members of the committee.

TRUST in Elections Act

United States · United States Congress · 15 April 2021

Tax Returns Unveiled to Secure Transparency in Elections Act or the TRUST in Elections Act This bill requires any candidate for President or Vice President to report their last 10 years of federal income tax returns to the Office of Government Ethics, which the office shall publish on its public website after making the necessary redactions to prevent identity theft or physical danger.

Tax Fairness for Workers Act

United States · United States Congress · 15 April 2021

Tax Fairness for Workers Act This bill allows an above-the-line tax deduction for union dues and expenses. (An above-the-line deduction is subtracted from gross income and is available whether or not a taxpayer itemizes other deductions.) The bill also reinstates the miscellaneous itemized tax deduction for unreimbursed expenses attributable to the performance of services as an employee (Under current law, all miscellaneous itemized deductions are suspended through 2025).

Essential Worker Tax Parity Act of 2021

United States · United States Congress · 15 April 2021

Essential Worker Tax Parity Act of 2021 This bill excludes from the gross income of taxpayers whose adjusted gross income is less than $150,000 up to $10,200 of wages and self employment income earned in taxable years beginning in 2020.

A Fast-Tracked Executive Rescission Review (AFTER) of Appropriations Act of 2021

United States · United States Congress · 15 April 2021

A Fast-Tracked Executive Rescission Review (AFTER) of Appropriations Act of 2021 This bill establishes expedited legislative procedures for congressional consideration of proposals by the President to rescind funding, cancel a new item of direct spending, or cancel a limited tax benefit.

Affordable Housing Credit Improvement Act of 2021

United States · United States Congress · 15 April 2021

Affordable Housing Credit Improvement Act of 2021 This bill revises provisions of the low-income housing tax credit and renames it as the affordable housing credit . The bill increases the per capita dollar amount of the credit and its minimum ceiling amount beginning in 2021 and extends the inflation adjustment for such amounts. The bill modifies tenant income eligibility requirements and the average income formula for determining such income. It also revises rules for student occupancy of rental units and tenant voucher payments, and prohibits any refusal to rent to victims of domestic abuse. The bill further modifies the credit to increase state allocations of the credit; repeal the qualified census tract population cap; prohibit local approval and contribution requirements; increase the credit for certain projects designated to serve extremely low-income households; increase the credit for certain bond-financed projects designated by state agencies; eliminate the basis reduction for properties that receive certain energy-related tax benefits; and increase the population cap for difficult development areas (i.e., areas with high construction, land, and utility costs relative to area median gross income). The bill also includes Indian and rural areas as difficult development areas and modifies other requirements relating to casualty losses, acquisition credits, and foreclosures.

For the 99.5 Percent Act

United States · United States Congress · 15 April 2021

For the 99.5 Percent Act This bill imposes increased tax rates on decedent estates, gifts, and generation-skipping transfers. Estates with a value of over $1 billion are taxed at a 65% tax rate. The basic exclusion amount is reduced to $3.5 million. The bill increases (1) to $3 million the reduction in valuations of farmland for estate tax purposes and adjusts such increased amount for inflation, and (2) to $2 million the maximum estate tax exclusion for contributions of conservation easements. It also increases to 60% the applicable percentage for such exclusion. The bill requires (1) consistent basis reporting for property acquired by gift and transfers in trust, and (2) executors of estates and donors of gifts required to file a gift tax return to disclose to the Department of the Treasury, and to recipients of any interest in an estate or a gift, information identifying the value of each interest received. The bill sets forth estate valuation rules for certain transfers of nonbusiness assets and limits estate tax discounts for certain individuals with minority interests in a business acquired from a decedent. The bill expands rules for valuing assets in grantor retained annuity trusts to require that (1) the right to receive fixed amounts from an annuity last for a term of not less than 10 years and not more than the life expectancy of the annuitant plus 10 years, and that such fixed amounts not decrease during the first 10 years of the annuity term, and (2) the remainder interest have a value when transferred that is not less than the the greater of 25% of the fair market value of the trust property or $500,000. The bill also sets forth rules for the application of transfer taxes to a grantor trust (a trust in which the grantor retains control over the trust assets and has the right to receive income from the trust). The bill eliminates the generation-skipping transfer tax exemption for any trust whose termination date is not greater than 50 years after its creation. The bill modifies the tax exclusion for annual gifts to eliminate the present interest requirement for such exclusion and to impose a new, aggregate per donor limit equal to twice the annual exclusion amount in effect for the taxable year.

ALIGN Act

United States · United States Congress · 15 April 2021

Accelerate Long-term Investment Growth Now Act or the ALIGN Act This bill makes permanent the expensing of certain new business equipment. Expensing allows the deduction of the full amount of an expense item in the same taxable year.

HOPE Act of 2021

United States · United States Congress · 15 April 2021

Health, Opportunity, and Personal Empowerment Act of 2021 or the HOPE Act of 2021 This bill establishes two Health, Opportunity, and Personal Empowerment (HOPE) pilot projects to improve economic security for individuals who meet income or other requirements. The Department of Health and Human Services (HHS), the Department of Agriculture, and the Department of Housing and Urban Development must collaborate on the projects. The first project provides awards to certain government entities to assist eligible individuals in establishing HOPE accounts through banks, credit unions, or governmental agencies. HOPE accounts must (1) provide access to specified financial services and information on public benefits, health insurance, and other topics; and (2) facilitate activities such as applying for government benefits and filing taxes. HHS must hold a competition to award contracts to private businesses and nonprofits to develop technology applications and other tools for HOPE accounts. The second pilot project provides grants that allow government and nonprofit organizations to enter voluntary agreements with eligible individuals to carry out long-term plans related to improving economic security and upward mobility.

SAUDI WMD Act

United States · United States Congress · 15 April 2021

Stopping Activities Underpinning Development In Weapons of Mass Destruction Act or the SAUDI WMD Act This bill establishes measures to inhibit the development of nuclear weapons by Saudi Arabia. Specifically, the bill restricts the sale of specified munitions items to Saudi Arabia if, in the last three fiscal years, Saudi Arabia has taken certain steps towards developing nuclear weapons. Further, the bill requires the President to submit to Congress a written determination detailing (1) whether any foreign person knowingly engaged in the trade of specified weapons subject to the Missile Technology Control Regime (MTCR) with Saudia Arabia in the last three fiscal years, and (2) the sanctions the President has imposed or intends to impose against those persons. (The MTCR is an informal political understanding among states that seek to limit the proliferation of missiles and missile technology.) The bill also requires the Department of State and the Department of Energy to submit a report on MTCR compliance and a strategy to prevent the spread of nuclear weapons and missiles in the Middle East.

A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.

United States · United States Congress · 15 April 2021

This bill modifies the requirements for calculating taxable income to make permanent the special depreciation rules for property used predominantly within an Indian reservation. (Under current law, the rules expired after 2021.)

BTU Act of 2021

United States · United States Congress · 15 April 2021

Biomass Thermal Utilization Act of 2021 or the BTU Act of 2021 This bill expands the 30% energy tax credit to include open-loop biomass heating property and extends the residential energy efficient property tax credit for five years. The bill defines open-loop biomass heating property as any property that uses open-loop biomass to produce thermal energy in the form of heat, hot water, hot air, or steam and is used for space heating, air conditioning, domestic hot water, or industrial process heat, but does not include any boiler or furnace unless they operate at thermal output efficiencies of at least 75% and are installed indoors.

Sustainable Budget Act of 2021

United States · United States Congress · 15 April 2021

Sustainable Budget Act of 2021 This bill establishes the National Commission on Fiscal Responsibility and Reform within the legislative branch to identify policies to improve the fiscal situation in the medium term and achieve fiscal sustainability over the long term. The commission must propose recommendations that (1) are designed to balance the budget, excluding interest payments on the debt, within 10 years in order to stabilize the ratio of the public debt to gross domestic product at an acceptable level; and (2) meaningfully improve the long-term fiscal outlook, including changes to address the growth of entitlement spending and the gap between projected federal revenues and expenditures. Congress must consider the commission's recommendations using specified expedited legislative procedures.

Fishing Equipment Tax Relief Act of 2021

United States · United States Congress · 15 April 2021

Fishing Equipment Tax Relief Act of 2021 This bill reduces from 10% to 3% the excise tax rate that applies to the sale of portable, electronically-aerated bait containers by the manufacturer, producer, or importer.

GRACE Act

United States · United States Congress · 15 April 2021

Guaranteed Refugee Admission Ceiling Enhancement Act or the GRACE Act This bill establishes that the maximum number of refugees admitted each fiscal year shall be no less than 125,000 and that the maximum number shall be treated as the numerical goal for refugee admissions for the applicable fiscal year. The President may set a higher number if it is justified by humanitarian concerns or is otherwise in the national interest. Currently, the number admitted each fiscal year may not exceed 50,000 unless the President determines that a higher number is justified by humanitarian concerns or is otherwise in the national interest. The bill directs the President to take into consideration information from the United Nations High Commissioner for Refugees when establishing the maximum admission number and making certain other related decisions. The President shall report to Congress quarterly on (1) the number of refugees admitted during the preceding quarter, (2) the number of aliens who were security-cleared during the preceding quarter, (3) a plan to reach the numerical goal for admitted refugees for that fiscal year, and (4) other related information.

End Polluter Welfare Act of 2021

United States · United States Congress · 15 April 2021

End Polluter Welfare Act of 2021 This bill limits or eliminates certain fossil fuel oil and gas subsidies for oil companies, including by (1) eliminating the limit on liability for offshore facilities and pipeline operators; (2) eliminating the authority of the Department of Energy to carry out the Fossil Energy Research and Development Program and prohibiting funds made available to the Advanced Research Project Agency from being used to carry out any project that supports fossil fuels; (3) terminating certain provisions relating to enhanced oil recovery, producing oil and natural gas from marginal wells, and limitations on percentage depletion for oil and natural gas wells; (4) terminating other deductions and accounting methods supporting oil, natural gas, and coal companies; (5) increasing the Oil Spill Liability Trust Fund financing rate; (6) denying a tax deduction for removal costs and damages relating to oil spills; (7) imposing an excise tax on the removal price of any taxable crude oil or natural gas; (8) increasing amortization periods for tertiary injectant expenses, development expenditures of a mine or other natural deposit, mining exploration expenditures, and intangible drilling and development costs for oil and gas wells and geothermal wells; (9) repealing the tax credits for the production of electricity from refined coal and for carbon oxide sequestration; and (10) requiring a study and elimination of certain other fossil fuel subsidies.

ALIGN Act

United States · United States Congress · 15 April 2021

Accelerate Long-term Investment Growth Now Act or the ALIGN Act This bill makes permanent the expensing of certain new business equipment. Expensing allows the deduction of the full amount of an expense item in the same taxable year.

CORPS Act

United States · United States Congress · 15 April 2021

Cultivating Opportunity and Recovery from the Pandemic through Service Act or the CORPS Act This bill expands and modifies the administration of national service programs, including the National Senior Corps, to address the COVID-19 pandemic and its recovery period (i.e., through FY2024). The bill also (1) revises certain living allowances of particular national service corps participants; (2) expands the Senior Service Corps; (3) establishes a COVID-19 educational award; (4) implements a pilot program under which state commissions may directly place individuals in approved national service positions; and (5) excludes from gross income, for income tax purposes, any living allowance provided to national public service participants and any national service educational award.

Affordable Housing Credit Improvement Act of 2021

United States · United States Congress · 15 April 2021

Affordable Housing Credit Improvement Act of 2021 This bill revises provisions of the low-income housing tax credit and renames it as the affordable housing credit . The bill increases the per capita dollar amount of the credit and its minimum ceiling amount beginning in 2021 and extends the inflation adjustment for such amounts. The bill modifies tenant income eligibility requirements and the average income formula for determining such income. It also revises rules for student occupancy of rental units and tenant voucher payments, and prohibits any refusal to rent to victims of domestic abuse. The bill further modifies the credit to increase state allocations of the credit; repeal the qualified census tract population cap; prohibit local approval and contribution requirements; increase the credit for certain projects designated to serve extremely low-income households; increase the credit for certain bond-financed projects designated by state agencies; eliminate the basis reduction for properties that receive certain energy-related tax benefits; and increase the population cap for difficult development areas (i.e., areas with high construction, land, and utility costs relative to area median gross income). The bill also includes Indian and rural areas as difficult development areas and modifies other requirements relating to casualty losses, acquisition credits, and foreclosures.

Tax Fairness for Workers Act

United States · United States Congress · 15 April 2021

Tax Fairness for Workers Act This bill allows an above-the-line tax deduction for union dues and expenses. (An above-the-line deduction is subtracted from gross income and is available whether or not a taxpayer itemizes other deductions.) The bill also reinstates the miscellaneous itemized tax deduction for unreimbursed expenses attributable to the performance of services as an employee (Under current law, all miscellaneous itemized deductions are suspended through 2025).

Adoption Tax Credit Refundability Act of 2021

United States · United States Congress · 15 April 2021

Adoption Tax Credit Refundability Act of 2021 This bill makes the tax credit for adoption expenses refundable.

RECRUIT Act of 2021

United States · United States Congress · 15 April 2021

Reserve Employers Comprehensive Relief and Uniform Incentives on Taxes Act of 2021 or the RECRUIT Act of 2021 This bill allows employers with less than 500 employees a new tax credit for 40% of the wages paid to a member of the National Guard or a reserve component of the Armed Forces. The employer may elect to claim a payroll tax credit for wages paid to such service members.

DEPARTMENT OF HOMELAND SECURITY APPROPRIATIONS FOR FISCAL YEAR 2022

United States · United States Senate · 14 April 2021

DEPARTMENT OF HOMELAND SECURITY APPROPRIATIONS FOR FISCAL YEAR 2022

United States · United States Senate · 14 April 2021

University of Alaska Fiscal Foundation Act

United States · United States Congress · 14 April 2021

University of Alaska Fiscal Foundation Act This bill directs the Bureau of Land Management (BLM) to establish a program to identify and convey available federal land in Alaska to the University of Alaska for a land grant to support higher education. The bill also permits the BLM or the Department of Agriculture to acquire by purchase or exchange, with the university's consent, university-owned inholdings within conservation system units. Any land exchanged shall be of equal value. No later than two years after enactment of the bill, Alaska and the university may jointly identify no more than 500,000 acres of land for inclusion in the program, of which not more than 360,000 acres may be conveyed and patented to the university. Upon the request of Alaska and the university, the BLM shall provide technical assistance in the identification of land. If Alaska and the university notify the BLM in writing that Alaska and the university jointly concur with the conveyance of all or a portion of the land identified for conveyance, and that Alaska relinquishes its selection rights to the land covered by the notification, the BLM shall convey the land to the university, to be held in trust for the exclusive use and benefit of the university. The BLM shall notify Congress of the land conveyed and patented.

University of Alaska Fiscal Foundation Act

United States · United States Congress · 14 April 2021

University of Alaska Fiscal Foundation Act This bill directs the Bureau of Land Management (BLM) to establish a program to identify and convey available federal land in Alaska to the University of Alaska for a land grant to support higher education. The bill also permits the BLM or the Department of Agriculture to acquire by purchase or exchange, with the university's consent, university-owned inholdings within conservation system units. Any land exchanged shall be of equal value. No later than two years after enactment of the bill, Alaska and the university may jointly identify no more than 500,000 acres of land for inclusion in the program, of which not more than 360,000 acres may be conveyed and patented to the university. Upon the request of Alaska and the university, the BLM shall provide technical assistance in the identification of land. If Alaska and the university notify the BLM in writing that Alaska and the university jointly concur with the conveyance of all or a portion of the land identified for conveyance, and that Alaska relinquishes its selection rights to the land covered by the notification, the BLM shall convey the land to the university, to be held in trust for the exclusive use and benefit of the university. The BLM shall notify Congress of the land conveyed and patented.

Private Loan Disability Discharge Act of 2021

United States · United States Congress · 14 April 2021

Private Loan Disability Discharge Act of 2021 This bill directs the holder of a private education loan to discharge the loan in the event of the borrower's death or total and permanent disability. The obligation of a cosigner for a private education loan is also discharged in the event of total and permanent disability of the borrower. The bill also extends indefinitely the exclusion of student loan debt discharge from gross income for federal income tax purposes.

Renewable Chemicals Act of 2021

United States · United States Congress · 14 April 2021

Renewable Chemicals Act of 2021 This bill allows a new tax credit for the production of renewable chemicals. Specifically, it allows a credit for up to 15% of the sales price of each pound of a renewable chemical. A renewable chemical is any chemical that is produced in the United States from renewable biomass and is not less than 95% biobased content. The bill also allows a 30% tax credit for investment in renewable chemical production facilities.

SAUDI WMD Act

United States · United States Congress · 14 April 2021

Stopping Activities Underpinning Development In Weapons of Mass Destruction Act or the SAUDI WMD Act This bill establishes measures to inhibit the development of nuclear weapons by Saudi Arabia. Specifically, the bill restricts the sale of specified munitions items to Saudi Arabia if, in the last three fiscal years, Saudi Arabia has taken certain steps towards developing nuclear weapons. Further, the bill requires the President to submit to Congress a written determination detailing (1) whether any foreign person knowingly engaged in the trade of specified weapons subject to the Missile Technology Control Regime (MTCR) with Saudia Arabia in the last three fiscal years, and (2) the sanctions the President has imposed or intends to impose against those persons. (The MTCR is an informal political understanding among states that seek to limit the proliferation of missiles and missile technology.) The bill also requires the Department of State and the Department of Energy to submit a report on MTCR compliance and a strategy to prevent the spread of nuclear weapons and missiles in the Middle East.