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Taxation

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951 records in US in 2021

Records

Bill· SS. 1008 (117th)open

MORE PILT Act

United States · United States Congress · 25 March 2021

Making Obligations Right by Enlarging Payments In Lieu of Taxes Act or the MORE PILT Act This bill directs the Department of the Interior to develop a modeling tool that calculates the approximate market value of land covered by the payment in lieu of taxes (PILT) program and the approximate amount of local tax revenue the land would generate if privately owned. The PILT program compensates local governments for tax revenue lost due to tax-exempt federal lands within their boundaries. Interior must annually report on the value of land covered by the PILT program, the tax revenue the land would generate if privately owned, and how PILT payments could more accurately reflect that tax revenue.

Bill· SS. 970 (117th)referred

BELIEVE Act

United States · United States Congress · 25 March 2021

Backlog Elimination, Legal Immigration, and Employment Visa Enhancement Act or the BELIEVE Act This bill increases maximum limits on employment-based visas and makes other related changes. The bill increases the worldwide cap on employment-based immigrants admitted each fiscal year, from 140,000 plus certain additions to 270,000 plus the same additions. The bill (1) eliminates existing per-country caps on employment-based immigrants, (2) allows certain employment-based immigrants to comprise a higher percentage of the worldwide level of immigration in a fiscal year than under current law, (3) exempts from numerical caps immigrants coming to work in the United States as physical therapists or professional nurses, and (4) exempts from numerical caps a qualifying alien who graduated from a U.S. institution of higher education and who was admitted into the United States as a dependent of a nonimmigrant. The bill provides various immigration-related benefits, such as work authorization and exemption from certain numerical limits, to qualifying spouses and children of employment-based immigrants. An alien who has properly filed for permanent legal resident status and is awaiting a visa number becoming available shall have lawful status and employment authorization while the application is pending, subject to requirements such as a background check.

Bill· SS. 1017 (117th)referred

Clean Hydrogen Production Incentives Act of 2021

United States · United States Congress · 25 March 2021

Clean Hydrogen Production Incentives Act of 2021 This bill allows a new tax credit for the production of clean hydrogen using electricity produced from renewable energy resources (e.g., wind, solar, geothermal, nuclear energy). The bill defines clean hydrogen as hydrogen produced using an electrolyzer for which the electricity used is produced from qualified renewable energy resources, or by any other process which has been determined to have a rate of carbon dioxide emissions per kilogram of hydrogen produced equal to or lower than such rate for such production using other specified processes.

Bill· SS. 1016 (117th)referred

Electric Power Infrastructure Improvement Act

United States · United States Congress · 25 March 2021

Electric Power Infrastructure Improvement Act This bill allows a tax credit through 2031 for investment in a qualifying electric power transmission line property. The bill defines qualifying electric power transmission line property as (1) any overhead, submarine, or underground transmission facility that is capable of transmitting electricity at a voltage of not less than 275 kilovolts, has a transmission capacity of not less than 500 megawatts, is an alternating current or direct current transmission line, and delivers power produced in either a rural area or offshore; and (2) conductors or cables, or other specified equipment, necessary for the proper operation of the facility.

Bill· SS. 991 (117th)referred

Corporate Tax Dodging Prevention Act

United States · United States Congress · 25 March 2021

Corporate Tax Dodging Prevention Act This bill modifies tax provisions relating to certain large domestic and foreign corporations to prevent offshoring of jobs and factories and tax evasion. Specifically, the bill restores higher tax rates on the taxable income of corporations and personal service corporations (up to 35% on taxable income exceeding $10 million); revises the definition of subpart F income for controlled foreign corporations to equalize tax rates on domestic and foreign corporations; requires multinational companies to disclose basic country-by-country information including revenues, profits, and number of employees; prohibits corporations from disregarding parts of their structure in determining whether they owe taxes in the current year or can defer payment (repeal of check-the-box rules); impose limitations on the tax deduction for the interest expense of members of financial reporting groups with excess domestic indebtedness; modifies rules relating to inverted corporations; treats corporations with gross assets of $50 million or more and managed and controlled in the United States as U.S. taxpayers; increases the rate and expands the applicability of the base erosion and anti-abuse excise tax; modifies foreign tax credit rules applicable to certain industries receiving specific economic benefits; and repeals the tax deduction for foreign-derived intangible income.

Bill· SS. 1052 (117th)referred

Poverty Measurement Improvement Act

United States · United States Congress · 25 March 2021

Poverty Measurement Improvement Act This bill requires the Bureau of the Census to determine income and poverty levels in the United States in a manner that accounts for the receipt of federal benefits. Specifically, beginning in FY2021, the bureau must collect, in addition to the data collected under the Annual Social and Economic Supplement to the Current Population Survey, data from administering agencies related to participation in any federal benefit program and the monetary or cash equivalent value of such benefit for an individual, where possible, and otherwise for resource units or households; the total amount of market income for individuals; the total amount of entitlement and other income for individuals; payment of income taxes and payroll taxes for individuals; total resource unit income; and total earned resource unit income. The bill requires each administering agency to make available to the bureau such data as the bureau shall require for the purpose of carrying out this bill. The bureau shall (1) submit to Congress, by January 1, 2023, a report detailing the implementation of this bill; and (2) for 2024 and subsequent years, adjust the poverty thresholds used for determining poverty rates by using the personal consumption expenditure price index (as published by the Bureau of Economic Analysis). The bill (1) establishes within the bureau the Commission on Valuation of Federal Benefits, and (2) requires the Government Accountability Office to periodically report to Congress regarding poverty rates and related measures.

Resolution· SRESS.Res. 147 (117th)referred

A resolution recognizing the national debt as a threat to national security.

United States · United States Congress · 25 March 2021

This resolution recognizes that the national debt is a threat to national security and that persistent, structural deficits are unsustainable, irresponsible, and dangerous. It also commits to addressing the looming fiscal crisis faced by the United States.

Bill· SS. 1021 (117th)referred

EACH Act of 2021

United States · United States Congress · 25 March 2021

Equal Access to Abortion Coverage in Health Insurance Act of 2021 or the EACH Act of 2021 This bill requires federal health care programs to provide coverage for abortion services and requires federal facilities to provide access to those services. The bill also permits qualified health plans to use funds attributable to premium tax credits and reduced cost sharing assistance to pay for abortion services.

Bill· SS. 994 (117th)referred

For the 99.5 Percent Act

United States · United States Congress · 25 March 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.

Bill· SS. 984 (117th)referred

Break Free From Plastic Pollution Act of 2021

United States · United States Congress · 25 March 2021

Break Free From Plastic Pollution Act of 2021 This bill sets forth requirements and incentives to reduce the production of a variety of products and materials, including plastics, and increase efforts to collect, recycle, or compost products and materials. The bill makes certain producers of products (e.g., packaging, paper, single-use products, beverage containers, or food service products) fiscally responsible for collecting, managing, and recycling or composting the products after consumer use. In addition, the bill establishes (1) minimum percentages of products that must be reused, recycled, or composted; and (2) an increasing percentage of recycled content that must be contained in beverage containers. Beginning on January 1, 2023, the bill phases out a variety of single-use products, such as plastic utensils. The bill also sets forth provisions to encourage the reduction of single-use products, including by establishing programs to refund consumers for returning beverage containers and by establishing a tax on carryout bags. The bill creates a temporary moratorium on new or expanded permits for certain facilities that manufacture plastics until regulations are updated to address pollution from the facilities. The Environmental Protection Agency (EPA) must publish guidelines for a national standardized labeling system for recycling and composting receptacles. Producers must include labels on their products that are easy to read and indicate whether the products are recyclable, compostable, or reusable. The EPA must also ensure that certain clothes washers have filtration units as required by this bill. Finally, the bill establishes limitations on the export of plastic waste to other countries.

Bill· SS. 1034 (117th)referred

Financing Our Energy Future Act

United States · United States Congress · 25 March 2021

Financing Our Energy Future Act This bill expands the types of partnerships that qualify for treatment as publicly traded partnerships instead of as corporations for tax purposes. Under current law, partnerships that meet certain gross income requirements (i.e., at least 90% of the partnership's gross income in a taxable year consists of qualifying income) are excepted from being treated as a corporation for tax purposes. This bill expands the sources of income that are considered qualifying income and make a partnership eligible for such an exception. Specifically, the bill provides that income derived from the generation of specified alternative energy, alternative fuel projects, or the associated property, storage, or transportation for such projects (e.g., the converstion of renewable biomass into renewable fuel or the storage or transportation of such fuel) is considered qualifying income.

Bill· SS. 1023 (117th)referred

Computer and Internet Access Equity Act

United States · United States Congress · 25 March 2021

Computer and Internet Access Equity Act This bill increases broadband service support for low-income consumers, establishes a grant program to provide internet safety education or training, and provides a tax credit for certain computer and education costs. Specifically, the bill modifies the broadband service support program known as Lifeline, which assists low-income consumers with access to telecommunications and broadband services, to (1) increase the amount of the payments that a provider of Lifeline services may receive for each low-income consumer to whom the provider supplies such services, (2) allow consumers with higher incomes to qualify for participation in the program, and (3) allow a broadband service provider to receive Lifeline support for providing such service to a low-income consumer without being designated as an eligible telecommunications carrier. The bill also requires the Federal Communications Commission to establish a grant program to develop and implement internet education and training programs for low-income individuals. Further, the bill provides a refundable tax credit, not to exceed $2,000 ($4,000 in the case of a joint return) in a taxable year or $10,000 in a lifetime ($20,000 in the case of a joint return), for amounts paid or incurred for computers, printers, and other education-related technology. The Department of the Treasury must establish a program for making advance payments of such credit to eligible individuals.

Bill· SS. 1060 (117th)referred

Fair Trade with China Enforcement Act

United States · United States Congress · 25 March 2021

Fair Trade with China Enforcement Act This bill revises trade, finance, and tax provisions with respect to China. Specifically, the bill directs the Department of Commerce to prohibit the export of certain U.S. technology and intellectual property to China, and it places a shareholder cap on Chinese investments in certain U.S. corporations. The bill prohibits federal agencies from using or procuring telecommunications equipment or services from Huawei Technologies Company, ZTE Corporation, or any other entity reasonably believed to be owned or controlled by China. Further, the bill requires the U.S. Trade Representative to list certain Chinese products that receive support pursuant to China's Made in China 2025 policy. The bill expedites the countervailing duty process (i.e., the imposition of duties to offset a subsidy by a foreign government) for products on this list. The bill amends the Internal Revenue Code to (1) repeal certain reduced withholding rates for residents of China, and (2) provide for the taxation of income received by China on certain U.S. investments.

Bill· SS. 986 (117th)referred

Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2021

United States · United States Congress · 25 March 2021

Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2021 This bill extends the carbon oxide sequestration tax credit through 2030. It also permits taxpayers to elect to receive a payment in lieu of the tax credits for carbon oxide sequestration and qualifying advanced coal projects. The bill also makes other modifications to certain carbon sequestration credits, including (1) an allowance of carbon sequestration credits against the base erosion minimum tax, (2) modifications to sequestration requirements for certain qualifying advanced coal project credit equipment, and (3) increasing the sequestration credit value for direct air capture projects.

Bill· SS. 1027 (117th)referred

Tax Assistance for Crumbling Foundations Act

United States · United States Congress · 25 March 2021

Tax Assistance for Crumbling Foundations Act This bill repeals the tax rule in effect through 2025 that limits the deduction for personal casualty losses to losses attributable to a federally declared disaster.

Bill· SS. 975 (117th)referred

Securing America's Clean Fuels Infrastructure Act

United States · United States Congress · 25 March 2021

Securing America's Clean Fuels Infrastructure This bill extends the tax credit for alternative fuel vehicle refueling property through 2029. It also increases the allowable amount of such credit from $30,000 to $200,000 for any single item of refueling property.

Bill· SS. 985 (117th)referred

Save America’s Clean Energy Jobs Act

United States · United States Congress · 25 March 2021

Save America's Clean Energy Jobs Act This bill allows taxpayers to receive direct payments of amounts relating to the tax credit for the production of electricity from renewable resources, the energy tax credit, and the carbon oxide sequestration tax credit in lieu of such credits.

Bill· SS. 945 (117th)open

Impact Aid Infrastructure Act

United States · United States Congress · 24 March 2021

Impact Aid Infrastructure Act This bill authorizes additional Impact Aid construction grants for FY2022. These grants provide infrastructure assistance to local educational agencies that have lost property tax revenue due to the presence of tax-exempt federal property or to those that have experienced increased expenditures due to enrollment of federally connected children (e.g., children living on Indian lands or military bases).

Bill· SS. 948 (117th)referred

A bill to protect American small businesses, gig workers, and freelancers by repealing the burdensome American Rescue Plan Act of 2021 transactions reporting threshold.

United States · United States Congress · 24 March 2021

This bill modifies requirements for third party settlement organizations to eliminate their reporting requirement with respect to the transactions of their participating payees unless they have earned more than $20,000 on more than 200 separate transactions in an applicable tax period. A third party settlement organization is the central organization that has the contractual obligation to make payments to participating payees (generally, a merchant or business) in a third party payment network. This reverses a provision in the American Rescue Plan Act of 2021 that lowered the reporting threshold to $600 with no minimum on the number of transactions.

Bill· SS. 950 (117th)referred

No Budget, No Pay Act

United States · United States Congress · 24 March 2021

No Budget, No Pay Act This bill prohibits Members of Congress from being paid in a fiscal year until both chambers approve the budget resolution and pass all regular appropriations bills for that fiscal year. Retroactive pay is prohibited for such a period.

Bill· HRH.R. 2165 (117th)referred

Exit Tax Prevention Act of 2021

United States · United States Congress · 23 March 2021

Exit Tax Prevention Act of 2021 This bill prohibits a state, or taxing jurisdiction in the state, from imposing an income tax, wealth tax, or any similar tax on a resident who has relocated permanent residence to another state or taxing jurisdiction.

Bill· HRH.R. 2143 (117th)referred

Neighborhood Homes Investment Act

United States · United States Congress · 23 March 2021

Neighborhood Homes Investment Act This bill establishes a new business-related tax credit to finance home building and rehabilitation in neighborhoods that meet certain eligibility criteria relating to poverty rates, income, and home values. The credit is limited to 35% of the lesser of the qualified development cost (i.e., the cost of construction, substantial rehabilitation, demolition, and environmental remediation of residential properties) or 80% of the national median sale price for new homes. The credit applies to single family homes containing four or fewer residential units, condominiums, or houses or apartments owned by cooperative housing corporations.

Bill· HRH.R. 2171 (117th)referred

Freedom To Invest in Tomorrow's Workforce Act

United States · United States Congress · 23 March 2021

Freedom To Invest in Tomorrow's Workforce Act This bill allows the use of funds in a qualified tuition program (commonly known as a 529 account) to pay for expenses associated with obtaining or maintaining recognized postsecondary credentials.

Bill· HRH.R. 2124 (117th)referred

KOMBUCHA

United States · United States Congress · 23 March 2021

Keeping Our Manufacturers from Being Unfairly taxed while Championing Health Act or KOMBUCHA This bill modifies the definition of brewer for purposes of the alcohol excise tax to exempt kombucha from such tax.

Bill· HRH.R. 2121 (117th)referred

Improving Child Care for Working Families Act of 2021

United States · United States Congress · 23 March 2021

Improving Child Care for Working Families Act of 2021 This bill increases the limitation on the exclusion from employee gross income for employer-paid dependent care assistance from $5,000 to $10,500.

Bill· SS. 892 (117th)referred

KOMBUCHA

United States · United States Congress · 23 March 2021

Keeping Our Manufacturers from Being Unfairly taxed while Championing Health Act or KOMBUCHA This bill modifies the definition of brewer for purposes of the alcohol excise tax to exempt kombucha from such tax.

Bill· SS. 891 (117th)referred

Air Source Heat Pump Act of 2021

United States · United States Congress · 23 March 2021

Air Source Heat Pump Act of 2021 This bill allows a new refundable tax credit for qualified air source heat pump expenditures. The bill defines qualified air source heat pump expenditures as expenditures for property that uses an air source heat pump to heat and cool a dwelling unit located in the United States and used as the taxpayer's principal residence. The air source heat pump must also meet specified performance and other requirements.

Bill· SS. 895 (117th)open

Human Trafficking Survivor Tax Relief Act

United States · United States Congress · 23 March 2021

Human Trafficking Survivor Tax Relief Act This bill excludes from gross income, for income tax purposes, any civil damages, restitution, or other monetary award (including compensatory or statutory damages and restitution imposed in a criminal matter) awarded pursuant to an order of mandatory restitution or in a criminal proceeding for peonage, slavery, or human trafficking.

Bill· SS. 931 (117th)referred

A bill to amend the Internal Revenue Code of 1986 to ensure that the 2021 recovery rebates as provided for in the American Rescue Plan Act are not provided to prison inmates convicted of child sex abuse and that such sums shall be redirected to the Department of Justice to be paid out in the form of restitution to compensate victims of crime.

United States · United States Congress · 23 March 2021

This bill prohibits the payment of 2021 recovery rebates to prisoners convicted or confined for a sex offense involving a minor child under federal or state law. The bill requires such rebates to be paid to the Crime Victims Fund to compensate victims of crimes.

Bill· SS. 930 (117th)referred

A bill to amend the Internal Revenue Code of 1986 to ensure that the 2021 recovery rebates as provided for in the American Rescue Plan Act are not provided to prison inmates convicted of rape and that such sums shall be redirected to the Department of Justice to be paid out in the form of restitution to compensate victims of crime.

United States · United States Congress · 23 March 2021

This bill prohibits the payment of a recovery rebate in 2021 to a prisoner convicted or confined for a rape offense under federal or state law. The bill requires that such rebates be paid to the Crime Victims Fund to compensate crime victims.

Bill· SS. 929 (117th)referred

A bill to amend the Internal Revenue Code of 1986 to ensure that the 2021 recovery rebates as provided for in the American Rescue Plan Act are not provided to prison inmates convicted of murder and that such sums shall be redirected to the Department of Justice to be paid out in the form of restitution to compensate victims of crime.

United States · United States Congress · 23 March 2021

This bill prohibits the payment of a recovery rebate in 2021 to any prisoner convicted or confined for the crime of murder. The bill requires such rebate amounts to be paid to the Crime Victims Fund to compensate crime victims.

Bill· SS. 928 (117th)referred

A bill to amend the Internal Revenue Code of 1986 to ensure that the 2021 recovery rebates as provided for in the American Rescue Plan Act are not provided to prison inmates and that such sums shall be redirected to the Department of Justice to be paid out in the form of restitution to compensate victims of crime.

United States · United States Congress · 23 March 2021

This bill prohibits payment of 2021 recovery rebates to prisoners, certain other inmates of publicly funded institutions, fugitives, probationers, and parolees. The bill requires that such rebates be paid instead to the Crime Victims Fund for the compensation of crime victims.

Bill· SS. 905 (117th)referred

Freedom To Invest in Tomorrow's Workforce Act

United States · United States Congress · 23 March 2021

Freedom To Invest in Tomorrow's Workforce Act This bill allows the use of funds in a qualified tuition program (commonly known as a 529 account) to pay for expenses associated with obtaining or maintaining recognized postsecondary credentials.

Bill· SS. 897 (117th)referred

Improving Child Care for Working Families Act of 2021

United States · United States Congress · 23 March 2021

Improving Child Care for Working Families Act of 2021 This bill increases the limitation on the exclusion from employee gross income for employer-paid dependent care assistance from $5,000 to $10,500.

Bill· SS. 918 (117th)referred

Protecting Seniors Access to Health Care Act

United States · United States Congress · 23 March 2021

Protecting Seniors Access to Health Care Act This bill modifies funding and eligibility for various benefits and programs, including several established under COVID-19 relief laws. With respect to funding, the bill provides supplemental funding for the Public Health and Social Services Emergency Fund to reimburse certain health care providers for expenses or lost revenue attributed to COVID-19; and rescinds certain unobligated funds that were provided to the Department of the Treasury for payments to state, tribal, and territorial governments to mitigate fiscal impacts of COVID-19. The bill also applies certain modified payment limits to certain rural health clinics that enrolled in, or applied to enroll in, Medicare in calendar year 2020. Furthermore, the bill prohibits individuals who were unlawfully present in the United States on March, 11, 2021, from receiving premium subsidies in the event they lose employer-sponsored health insurance due to involuntary termination or a reduction in hours, or direct payments provided to certain taxpayers to mitigate financial hardship during the COVID-19 emergency. The bill also prohibits individuals who were incarcerated on that date from receiving the direct payments.

Bill· SS. 936 (117th)referred

INFORM Consumers Act

United States · United States Congress · 23 March 2021

Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers Act or the INFORM Consumers Act This bill requires online marketplaces to collect, verify, and disclose certain information from high-volume, third-party sellers. High-volume, third-party sellers include online marketplace participants that conduct 200 or more transactions resulting in total revenues of $5,000 or more during a continuous 12-month period. Online marketplaces must acquire these sellers' (1) bank account numbers, (2) government-issued identification, (3) tax identification numbers, and (4) contact information. Online marketplaces must verify this information and annually certify any changes to it. Further, online marketplaces must make certain information (e.g., sellers' names and contact information) available to consumers through the sellers' product listings and provide consumers with methods to report electronically and by telephone any suspicious activity on the marketplace. The bill provides the Federal Trade Commission with the authority to enforce these requirements.

Bill· SS. 881 (117th)referred

BUILD Act

United States · United States Congress · 22 March 2021

Building United States Infrastructure and Leveraging Development Act or the BUILD Act This bill increases from $15 billion to $30 billion the national limitation on the amount of tax-exempt highway or surface freight transfer facility bonds.

Bill· HRH.R. 2087 (117th)referred

PELOSI Rescissions Act of 2021

United States · United States Congress · 19 March 2021

Proudly Eliminating Liberal Objective Spending Items Rescissions Act of 2021 or the PELOSI Rescissions Act of 2021 This bill rescinds specified funds that were provided by the American Rescue Plan Act of 2021 for various programs and accounts. The bill rescinds funding that was provided for programs and accounts such as the Higher Education Emergency Relief Fund, the Child Care and Development Block Grant program, Federal Transit Administration grants, Amtrak, the Coronavirus State and Local Fiscal Recovery Funds program, several foreign assistance programs, nutrition assistance programs, relief for airports, and emergency rental assistance programs.

Bill· HRH.R. 2102 (117th)referred

End Polluter Welfare Act of 2021

United States · United States Congress · 19 March 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.

Bill· HJRESH.J.Res. 32 (117th)referred

Proposing a balanced budget amendment to the Constitution of the United States.

United States · United States Congress · 19 March 2021

This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year unless Congress authorizes the excess by a two-thirds roll call vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing. The amendment also requires the President to submit a balanced budget to Congress annually.

Bill· HRH.R. 2079 (117th)referred

Eliminating the Provider Relief Fund Tax Penalties Act of 2021

United States · United States Congress · 19 March 2021

Eliminating the Provider Relief Fund Tax Penalties Act of 2021 This bill excludes from gross income, for income tax purposes, any grant or other assistance provided by the CARES Act Provider Relief Fund under the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act.

Bill· HRH.R. 2110 (117th)referred

Debt Solution and Accountability Act

United States · United States Congress · 19 March 2021

Debt Solution and Accountability Act This bill requires the Department of the Treasury to submit to Congress a debt report and a statement of intent within 60 days of an increase in the public debt limit. The debt report must include the historic, current, and projected levels of debt; the drivers and composition of future debt; and how the United States will meet debt obligations. The statement of intent must include a detailed explanation of proposals of the President to reduce the debt; the impact the increased debt limit will have on future government spending, debt service, and the position of the U.S. dollar as the international reserve currency; and projections of the fiscal health and sustainability of major entitlement programs (including Social Security, Medicare, and Medicaid). Treasury must make the information required by this bill available to the public on its website. Upon request, Treasury must submit to Congress specified financial and economic data relevant to determining the amount of the public debt.

Bill· HRH.R. 2077 (117th)referred

Taxi Medallion Loan Forgiveness Debt Relief Act of 2021

United States · United States Congress · 19 March 2021

Taxi Medallion Loan Forgiveness Debt Relief Act of 2021 This bill excludes from gross income, for income tax purposes, income of a taxpayer, other than a C corporation, attributable to the discharge of qualified taxi medallion indebtedness that is discharged before 2023.

Bill· HRH.R. 2049 (117th)open

REPLANT Act

United States · United States Congress · 18 March 2021

Repairing Existing Public Land by Adding Necessary Trees Act or the REPLANT Act This bill directs the Department of Agriculture (USDA) annually for each of the 10 years after enactment of this bill to transmit to Congress an estimate of the sums necessary to be appropriated, in addition to the funds available from other sources, to replant and otherwise treat an acreage equal to the acreage to be cut over that year, plus a sufficient portion of the backlog of lands found to be in need of treatment to eliminate the backlog within the 10-year period. After such 10-year period, USDA shall transmit annually to Congress an estimate of the sums necessary to replant and otherwise treat all lands being cut over and maintain planned timber production on all other forested lands in the National Forest System to prevent the development of a backlog of needed work larger than the needed work at the beginning of the fiscal year. Each reforestation activity included in a renewable resource assessment shall be carried out in accordance with applicable Forest Service management practices and definitions, including definitions relating to silvicultural practices and forest management. The Forest Service shall, based on recommendations from regional foresters, create a priority list of reforestation projects that primarily take place on priority land, promote effective reforestation following unplanned events, and may include activities to ensure adequate and appropriate seed availability. USDA shall give priority to projects on the priority list.

Bill· HRH.R. 2013 (117th)referred

Climate Change Resiliency Fund for America Act of 2021

United States · United States Congress · 18 March 2021

Climate Change Resiliency Fund for America Act of 2021 This bill provides support to address the impacts of climate change. Specifically, the bill authorizes the Department of the Treasury to issue up to $1 billion in climate change obligations (e.g., bonds) in a fiscal year, with bond proceeds going into the Climate Change Resiliency Fund established by this bill. The fund must be used for a program that finances projects that reduce the economic, social, and environmental impact of the adverse effects of climate change. A percentage of those funds must be used to benefit communities that experience disproportionate impacts from climate change. The Climate Change Advisory Commission, established by this bill, must provide recommendations and guidelines for the program and identify categories of the most cost-effective investments and projects that emphasize multiple benefits to commerce, human health, and ecosystems.

Bill· HRH.R. 2054 (117th)referred

No Surprise Bills for New Moms Act

United States · United States Congress · 18 March 2021

No Surprise Bills for New Moms Act This bill requires health insurers to provide coverage for newborns of enrollees for the first 30-day period after the newborn's date of birth and to provide a special enrollment period for the newborn that extends at least 60 days after the initial coverage period. It also requires insurers to notify an enrollee if they receive a claim for the enrollee's newborn who is not enrolled in a health insurance plan.

Bill· HRH.R. 2065 (117th)referred

To amend section 1105(a) of title 31, United States Code, to require that annual budget submissions of the President to Congress provide an estimate of the cost per taxpayer of the deficit and of the public debt.

United States · United States Congress · 18 March 2021

This bill requires the President's annual budget submission to Congress to include estimates of the cost per individual taxpayer for (1) the public debt, and (2) any projected budget deficit for the fiscal year.

Bill· HRH.R. 2034 (117th)referred

Income-Driven Student Loan Forgiveness Act

United States · United States Congress · 18 March 2021

Income-Driven Student Loan Forgiveness Act This bill requires the Department of Education (ED) to forgive the outstanding balance of principal, interest, and fees due on federal student loans for eligible borrowers who meet certain income requirements. Eligible borrower refers to an individual who (1) has an eligible federal student loan in repayment, (2) filed a federal income tax return for the most recent tax year, (3) is employed or was employed during the three-year period immediately preceding March 1, 2020, and (4) meets income requirements (e.g., an adjusted gross income of $100,000 or less for a borrower who is not married). Further, the borrower must submit an application to ED for loan forgiveness. The bill prohibits borrowers from receiving refunds for any previously made payments. Further, the bill specifies the notification requirements related to the availability of loan forgiveness. The bill also excludes discharged student loan debt from an individual's gross income for tax purposes.

Bill· HRH.R. 2002 (117th)referred

Let States Cut Taxes Act

United States · United States Congress · 18 March 2021

Let States Cut Taxes Act This bill removes a prohibition on states and territories using COVID-19 (i.e., coronavirus disease 2019) relief funding under the American Rescue Plan Act of 2021 to offset a reduction in revenue resulting from a reduction in taxes or a delay in the imposition of a tax or tax increase.

Bill· HRH.R. 2031 (117th)referred

To amend the Internal Revenue Code of 1986 to encourage the transfer of intangible property from controlled foreign corporations to United States shareholders.

United States · United States Congress · 18 March 2021

This bill excludes from gross income, for income tax purposes, gains from distributions of intangible property by controlled foreign corporations to U.S. domestic corporations. The bill defines intangible property to include patents, copyrights, licenses, formulas, computer software, and similar items with substantial value.

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