Taxation

To amend the Internal Revenue Code of 1986 to broaden the special rules for certain governmental plans under section 105(j) to include plans established by political subdivisions.

United States · United States Congress · 11 February 2015

Amends the Internal Revenue Code to expand the special rule for the exclusion from gross income of amounts received by an employee from a governmental accident or health plan to include amounts paid from plans established by or on behalf of a state or political subdivision.

Aged Distilled Spirits Competitiveness Act

United States · United States Congress · 11 February 2015

Aged Distilled Spirits Competitiveness Act Amends the Internal Revenue Code to exclude from determination of the production period for distilled spirits any period allocated to the natural aging process for purposes of determining whether a taxpayer can expense, rather than capitalize, interest costs paid or incurred during the production period.

A bill to amend title 31, United States Code, to clarify the use of credentials by enrolled agents.

United States · United States Congress · 10 February 2015

Permits any enrolled agent properly licensed to represent taxpayers before the Internal Revenue Service to use the credentials or designation of "enrolled agent," "EA," or "E.A."

Internet Tax Freedom Forever Act

United States · United States Congress · 10 February 2015

Internet Tax Freedom Forever Act Amends the Internet Tax Freedom Act to make permanent the ban on state and local taxation of Internet access and on multiple or discriminatory taxes on electronic commerce.

Veterinary Medicine Loan Repayment Program Enhancement Act

United States · United States Congress · 10 February 2015

Veterinary Medicine Loan Repayment Program Enhancement Act Amends the Internal Revenue Code to exclude from gross income payments under the federal veterinary medicine loan repayment program or any other state loan repayment or forgiveness program that is intended to provide for increased access to veterinary services in such state.

Small Business Fairness in Health Care Act

United States · United States Congress · 10 February 2015

Small Business Fairness in Health Care Act Amends the Internal Revenue Code, as amended by the Patient Protection and Affordable Care Act (PPACA), to: (1) exempt a small business concern, as defined by the Small Business Act, from the PPACA employer mandate to provide employees with minimum essential health care coverage; and (2) redefine "full-time employee," for purposes of such mandate, as an employee who is employed on average at least 40 (currently, 30) hours a week.

Protecting Volunteer Firefighters and Emergency Responders Act

United States · United States Congress · 10 February 2015

Protecting Volunteer Firefighters and Emergency Responders Act This bill amends the Internal Revenue Code to exclude services rendered by bona-fide volunteers providing firefighting and prevention services, emergency medical services, or ambulance services to a state or local government or a tax-exempt charitable organization from the category of services usually rendered by an employee of an applicable large employer subject to the mandate to provide minimum essential health care coverage under the Patient Protection and Affordable Care Act (PPACA), thus exempting such employers from PPACA requirements with respect to such volunteers. The bill defines "bona fide volunteer" as an employee of any government entity and any tax-exempt charitable organization whose only compensation is in the form of: (1) reimbursement for (or reasonable allowance for) reasonable expenses incurred in the performance of volunteer services, or (2) reasonable benefits (including length-of-service awards) and nominal fees customarily paid by similar entities for the services of volunteers.

To amend the Elementary and Secondary Education Act of 1965 to adjust funding levels for certain outlying areas.

United States · United States Congress · 10 February 2015

Amends part A of title I of the Elementary and Secondary Education Act of 1965 to eliminate the current reservation of 1% of the school improvement funds for outlying areas and Indian education. Reserves .67% of the school improvement funds for Indian education, but raises that reservation to .75% beginning with the fiscal year the allocations to states equal or surpass FY2015 levels after subtracting .75% of those allocations for Indian education. Establishes formulae for determining the minimum allotment to American Samoa, Guam, the Northern Mariana Islands, and the U.S. Virgin Islands of school improvement funds for: (1) basic grants to local educational agencies (LEAs), (2) concentration grants to LEAs, (3) targeted grants to LEAs, and (4) grants under the education finance incentive grant program.

New IDEA Act

United States · United States Congress · 10 February 2015

New IDEA Act or the New Illegal Deduction Elimination Act Amends the Internal Revenue Code to deny a tax deduction for wages and benefits paid to or on behalf of an unauthorized alien. Extends to six years the period for assessing and collecting underpayments of tax due to deductions claimed for wages paid to unauthorized aliens. Directs the Commissioner of Social Security and the Secretaries of Homeland Security (DHS) and the Treasury to jointly establish a program to share information that may lead to the identification of unauthorized aliens. Requires the Secretary of the Treasury to provide taxpayer identity information to the Commissioner of Social Security and the DHS Secretary on employers who paid nondeductible wages to unauthorized aliens and on the aliens to whom such wages were paid. Amends the Illegal Immigration Reform and Immigrant Responsibility Act of 1996 to: (1) make permanent the E-Verify Program for verifying the employment eligibility of alien workers, (2) apply such program to current employees in addition to new hires, (3) establish a rebuttable presumption that employers who participate in the E-Verify Program and obtain confirmation of identity and employment eligibility have not violated hiring requirements under such Act, and (4) allow employers participating in the E-Verify Program to make a conditional offer of employment pending final verification of the identity and employment eligibility of the job applicant.

New Markets Tax Credit Extension Act of 2015

United States · United States Congress · 10 February 2015

New Markets Tax Credit Extension Act of 2015 Amends the Internal Revenue Code to: (1) make permanent the new markets tax credit, (2) provide for an inflation adjustment to the limitation amount for such credit after 2014, and (3) allow an offset against the alternative minimum tax for such credit (determined with respect to qualified equity investments initially made after the enactment of this Act).

To amend title 31, United States Code, to clarify the use of credentials by enrolled agents.

United States · United States Congress · 10 February 2015

Permits any enrolled agent properly licensed to represent taxpayers before the Internal Revenue Service to use the credentials or designation of "enrolled agent," "EA," or "E.A."

Government Settlement Transparency and Reform Act

United States · United States Congress · 9 February 2015

Government Settlement Transparency and Reform Act Amends the Internal Revenue Code to expand provisions relating to the nondeductibility of fines and penalties to prohibit a tax deduction for any amount paid or incurred to any governmental entity relating to the violation of any law or the investigation or inquiry into a potential violation of law. Exempts from such prohibition: (1) restitution or amounts paid to come into compliance with any law that was violated or otherwise involved in the investigation or inquiry, (2) amounts paid pursuant to a court order in a suit in which the governmental entity was not a party, and (3) amounts paid or incurred as taxes due. Imposes new reporting requirements on governmental entities relating to amounts paid as fines or for restitution.

IDEA MOE Adjustment Act

United States · United States Congress · 9 February 2015

IDEA MOE Adjustment Act Amends the Individuals with Disabilities Education Act to alter the formula for reallocating the federal special education funding that is denied to states that reduce their level of special education funding from one fiscal year to the next. Reallocates: 85% of those funds on the basis of each nonpenalized state's share of children aged 3 through 21 who are of the same age as children with disabilities for whom the state provides a free appropriate public education, and 15% of those funds on the basis of each nonpenalized state's share of those children who are impoverished. Prohibits the Secretary of Education from considering those penalties or redistributions when calculating the amount of special education funds a state received in a preceding fiscal year for purposes of determining the state's current share of federal special education funds. Limits the application of the penalty imposed on a state that reduces its special education funding from one fiscal year to the next to a reduction of federal special education funds (equal to the amount of the state shortfall) that is imposed: (1) the following fiscal year, or (2) over a multi-year period that is no more than five consecutive fiscal years. (Currently, that penalty may be imposed on a state for any fiscal year after the fiscal year the state reduces its special education funding.)

A joint resolution proposing an amendment to the Constitution of the United States which requires (except during time of war and subject to suspension by Congress) that the total amount of money expended by the United States during any fiscal year not exceed the amount of certain revenue received by the United States during such fiscal year and not exceed 20 percent of the gross domestic product of the United States during the previous calendar year.

United States · United States Congress · 9 February 2015

Constitutional Amendment This joint resolution proposes a constitutional amendment prohibiting the total amount of money expended by the United States during a fiscal year from exceeding total revenues received for that fiscal year, excluding revenue from the issuance of bonds, notes, or other obligations of the United States. The amendment prohibits the total amount of money expended by the United States in any fiscal year from exceeding 20% of the gross domestic product of the United States. The restrictions do not apply during a fiscal year in which a declaration of war is in effect, or if three-fifths of each chamber of Congress votes to suspend the restrictions.

IRS Notice for Organizations That Include Charities is Essential (IRS NOTICE) Act

United States · United States Congress · 9 February 2015

IRS Notice for Organizations That Include Charities is Essential (IRS NOTICE) Act Amends the Internal Revenue Code to require the Secretary of the Treasury to notify any tax-exempt organization, not later than 300 days after such an organization fails to file its annual tax return or other required information for two consecutive years, that: (1) the Internal Revenue Service has no record of its return or information for two consecutive years, and (2) a penalty will occur if the organization fails to file its return or information by the next filing deadline. Allows the reinstatement of the tax-exempt status of such an organization without the requirement of an application if: (1) the organization demonstrates to the satisfaction of the Secretary that it did not receive the notice required by this Act, and (2) it files an annual return or required information for the current year.

PRESIDENT'S BUDGET FOR FISCAL YEAR 2016

United States · United States Senate · 5 February 2015

Small Business Tax Credit Accessibility Act

United States · United States Congress · 5 February 2015

Small Business Tax Credit Accessibility Act Amends the Internal Revenue Code, with respect to the small employer health care insurance tax credit, to: (1) revise the definition of "eligible small employer" to mean an employer with not more than 50 (currently, 25) full-time employees; (2) modify the phaseout formula for such credit to base such phaseout on number of employees and average annual wages; (3) extend from two to three consecutive taxable years the period during which an employer may claim such credit; and (4) eliminate the requirement that employers contribute the same percentage of cost of each employee's health insurance and the cap limiting eligible employer contributions to average premiums paid to a state health insurance exchange.

Restaurant and Retail Jobs and Growth Act of 2015

United States · United States Congress · 5 February 2015

Restaurant and Retail Jobs and Growth Act This bill amends the Internal Revenue Code to make permanent the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property for purposes of the tax deduction for depreciation.

Impact Aid Fairness and Equity Act of 2015

United States · United States Congress · 5 February 2015

Impact Aid Fairness and Equity Act of 2015 Amends the National Defense Authorization Act for Fiscal Year 2013 to make permanent amendments that Act made to the Impact Aid program (which compensates local educational agencies [LEAs] for the financial burden of federal activities affecting their school districts) that: require the valuation of the federal property located within the boundaries of an LEA by calculating the valuation, for property tax purposes, of all property within the LEA's boundaries and then multiplying that value by the proportion of that property that is federal property; and alter the formula for determining the foundation payments due LEAs for federal ownership of property when appropriations for a fiscal year are insufficient to provide them with full compensation. Amends the Impact Aid program of the Elementary and Secondary Education Act of 1965 to alter the formulae for determining the payments due LEAs for eligible federally-connected children. Includes not only children in average daily attendance but also those enrolled pursuant to a state open enrollment policy. Continues a heavily impacted LEA's eligibility for such payments while activities associated with military base closures and realignments or force structure changes or relocations are ongoing. Alters the formulae for determining the construction payments due LEAs that are eligible for other Impact Aid payments. Requires the Secretary of Education to use all Impact Aid construction appropriations to award: (1) emergency construction grants to LEAs that have no practical capacity, or minimal capacity, to issue bonds or that are otherwise eligible for Impact Aid and have a school facility emergency; and (2) modernization grants to LEAs that are eligible for other Impact Aid payments.

Transform Education in America through Choice Act of 2015

United States · United States Congress · 5 February 2015

Transform Education in America through Choice Act of 2015 Amends the Elementary and Secondary Education Act of 1965 to allow states to allocate school improvement grant funds among their local educational agencies (LEAs) on the basis of the number of children whose family income lies below the federal poverty level and who are enrolled in the public and state-accredited private schools within each LEA's geographic jurisdiction. Amends the Individuals with Disabilities Education Act to allow states that have established a program allowing the parents of disabled children to use public or private funds to send their children to a private school to use their allocation of special education funds to supplement those funds. Authorizes grants for the improvement of special education services to be used for the planning, design, and initial implementation (during a period of up to three years) of state programs that allow the parents of a disabled child to make a genuine independent choice of the appropriate public or private school. Sets forth requirements for those programs, including that they: (1) permit parents to receive state funds to pay some or all of the costs of their disabled child's attendance at the selected school, or (2) permit persons to receive a state tax credit for donations to an entity that provides funds to enable parents to pay some or all of the costs of their disabled child's attendance at that school. Repeals: (1) within one year or two years after this Act's enactment, specified provisions of the Elementary and Secondary Education Act of 1965, the Higher Education Act of 1965, the Rehabilitation Act of 1973, the Workforce Innovation and Opportunity Act, the America COMPETES Act, the American History and Civics Education Act of 2004, the American Recovery and Reinvestment Act of 2009, the Carl D. Perkins Career and Technical Education Improvement Act of 2006, and the Small Business Act; (2) within one year after this Act's enactment, the Erma Byrd Scholarship program; and (3) within three years after this Act's enactment, each competitive grant program administered by the Department of Education (ED), with specified exceptions. Requires ED, within one year after a program under this Act is repealed, to reduce the ED workforce by the number of full-time ED employee positions associated with such program.

Proprietary Education Oversight Coordination Improvement Act

United States · United States Congress · 5 February 2015

Proprietary Education Oversight Coordination Improvement Act Establishes the Proprietary Education Oversight Coordination Committee to: coordinate federal oversight of proprietary institutions of higher education (IHEs); coordinate federal activities to protect students from unfair, deceptive, abusive, unethical, fraudulent, or predatory practices, policies, or procedures of proprietary IHEs; encourage information sharing among federal agencies regarding federal investigations, audits, or inquiries of such IHEs; increase coordination and cooperation between federal and state agencies to improve oversight and accountability of proprietary IHEs; and develop best practices and consistency among federal and state agencies in the dissemination of consumer information regarding such IHEs. Requires the Committee to: (1) meet at least once each quarter of each fiscal year; and (2) meet at least once each fiscal year, and otherwise interact regularly, with state attorneys general, state approval agencies, veterans service organizations, and consumer advocates. Directs the Committee to submit, and make publicly available, an annual report to Congress that includes: (1) recommendations for legislative and administrative actions the Committees deems necessary to improve the enforcement of applicable federal laws, increase the accountability of proprietary IHEs to students and taxpayers, and ensure the promotion of quality education programs; and (2) specified financial and consumer information regarding such IHEs. Requires the Committee, each academic year, to publish the For-Profit College Warning List for Parents and Students, which is to be comprised of proprietary IHEs: that have engaged in illegal activity during the previous academic year as determined by a federal or state court; that have entered into a settlement resulting in a monetary payment; that have had any higher education program withdrawn or suspended; or for which the Committee has sufficient evidence of widespread or systemic unfair, deceptive, abusive, unethical, fraudulent, or predatory practices, policies, or procedures that threaten the academic success, financial security, or general best interest of students.

Complete America's Great Trails Act

United States · United States Congress · 5 February 2015

Complete America's Great Trails Act Amends the Internal Revenue Code to allow a tax credit for the fair market value of any National Scenic Trail conservation contribution. Requires the Department of the Interior to study and report on the efficacy of such tax credit in completing, extending, and increasing the number of National Scenic Trails and the feasibility and cost of making such credit refundable and transferable.

Permanent Investment in Health Research Act of 2015

United States · United States Congress · 5 February 2015

Permanent Investment in Health Research Act of 2015 This bill amends the Public Health Service Act to make appropriations to the National Institutes of Health (NIH) for FY2016-FY2025: for FY2016, $32 billion; and for each fiscal year from FY2017-FY2025, the amount appropriated for the preceding fiscal year, adjusted by any percentage increase in nominal gross domestic product during the preceding calendar year. The bill amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to add NIH to the list of programs and activities exempt from sequestration. Sequestration is a process of automatic, usually across-the-board spending reductions under which budgetary resources are permanently cancelled to enforce specific budget policy goals.

Empowering Jobs Act of 2015

United States · United States Congress · 5 February 2015

Empowering Jobs Act of 2015 Amends the Internal Revenue Code, with respect to tax-exempt enterprise zone facility bonds and empowerment zones, to: (1) include as employees of a qualified business entity employees who are residents of an empowerment zone, an enterprise community, or a qualified low-income community; and (2) extend the period of designation for empowerment zones through December 31, 2016 (thus extending the eligibility of such zones for certain tax benefits).

Notice for Organizations That Include Charities is Essential (NOTICE) Act

United States · United States Congress · 5 February 2015

Notice for Organizations That Include Charities is Essential (NOTICE) Act Amends the Internal Revenue Code to require the Secretary of the Treasury to notify any tax-exempt organization, not later than 300 days after such an organization fails to file its annual tax return or other required information for two consecutive years, that: (1) the Internal Revenue Service has no record of its return or information for two consecutive years, and (2) a penalty will occur if the organization fails to file its return or information by the next filing deadline. Allows the reinstatement of the tax-exempt status of such an organization without the requirement of an application if: (1) the organization demonstrates to the satisfaction of the Secretary that it did not receive the notice required by this Act, and (2) it files an annual return or required information for the current year.

Proprietary Education Oversight Coordination Improvement Act

United States · United States Congress · 5 February 2015

Proprietary Education Oversight Coordination Improvement Act Establishes the Proprietary Education Oversight Coordination Committee to: coordinate federal oversight of proprietary institutions of higher education (IHEs); coordinate federal activities to protect students from unfair, deceptive, abusive, unethical, fraudulent, or predatory practices, policies, or procedures of proprietary IHEs; encourage information sharing among federal agencies regarding federal investigations, audits, or inquiries of such IHEs; increase coordination and cooperation between federal and state agencies to improve oversight and accountability of proprietary IHEs; and develop best practices and consistency among federal and state agencies in the dissemination of consumer information regarding such IHEs. Requires the Committee to: (1) meet at least once each quarter of each fiscal year; and (2) meet at least once each fiscal year, and otherwise interact regularly, with state attorneys general, state approval agencies, veterans service organizations, and consumer advocates. Directs the Committee to submit, and make publicly available, an annual report to Congress that includes: (1) recommendations for legislative and administrative actions the Committees deems necessary to improve the enforcement of applicable federal laws, increase the accountability of proprietary IHEs to students and taxpayers, and ensure the promotion of quality education programs; and (2) specified financial and consumer information regarding such IHEs. Requires the Committee, each academic year, to publish the For-Profit College Warning List for Parents and Students, which is to be comprised of proprietary IHEs: that have engaged in illegal activity during the previous academic year as determined by a federal or state court; that have entered into a settlement resulting in a monetary payment; that have had any higher education program withdrawn or suspended; or for which the Committee has sufficient evidence of widespread or systemic unfair, deceptive, abusive, unethical, fraudulent, or predatory practices, policies, or procedures that threaten the academic success, financial security, or general best interest of students.

Water and Agriculture Tax Reform Act of 2015

United States · United States Congress · 5 February 2015

Water and Agriculture Tax Reform Act of 2015 Amends the Internal Revenue Code to permit tax-exempt mutual ditch or irrigation companies to earn income from dispositions of certain real property and stock interests without affecting their tax-exempt status. Requires that such income be used to pay the costs of operations, maintenance, and capital improvements of such a company.

Correctional Officer Fairness Act of 2015

United States · United States Congress · 5 February 2015

Correctional Officer Fairness Act of 2015 Amends the Internal Revenue Code to exempt from the 10% additional tax on early distributions from tax-exempt retirement plans distributions from a thrift savings fund to a qualified federal correctional officer who has reached age 50 or has completed 25 years of credible service, whichever is earlier. Defines "qualified federal correctional officer" as an individual who is employed by the Federal Bureau of Prisons as a correctional officer and has completed 20 years of creditable service.

Foreign Earnings Reinvestment Act

United States · United States Congress · 5 February 2015

Foreign Earnings Reinvestment Act Amends the Internal Revenue Code to: (1) extend the election allowed to a domestic corporation to deduct current and accumulated dividends received from a controlled foreign corporation to the corporation's last taxable year beginning before the enactment of this Act or the first taxable year which begins during the one-year period beginning on such enactment date, (2) reduce tax rates on foreign earnings of domestic corporations that reinvest such earnings in the United States and that expand their payrolls over 2014 levels, and (3) increase the taxable income of domestic corporations that fail to maintain employment levels in the 23-month period after receiving a reduction in tax rates under this Act.

Depreciation Fairness Act of 2015

United States · United States Congress · 5 February 2015

Depreciation Fairness Act of 2015 This bill amends the Internal Revenue Code to make permanent the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property for purposes of the tax deduction for depreciation.

Mobile Workforce State Income Tax Simplification Act of 2015

United States · United States Congress · 5 February 2015

Mobile Workforce State Income Tax Simplification Act of 2015 Prohibits the wages or other remuneration earned by an employee who performs employment duties in more than one state from being subject to income tax in any state other than: (1) the state of the employee's residence, and (2) the state within which the employee is present and performing employment duties for more than 30 days during the calendar year. Exempts employers from withholding of tax and information reporting requirements for employees not subject to income tax under this Act. Allows an employer, for purposes of determining penalties related to employer withholding or reporting requirements, to rely on an employee's annual determination of the time such employee will spend working in a state in the absence of fraud or collusion by such employee. Exempts from the definition of "employee" for purposes of this Act professional athletes, professional entertainers, and public figures who are persons of prominence who perform services for wages or other remuneration on a per-event basis.

Baseline Reform Act of 2015

United States · United States Congress · 5 February 2015

Baseline Reform Act of 2015 This bill amends the Balanced Budget and Emergency Deficit Control Act of 1985 and the Congressional Budget Act of 1974 to change the assumptions used in calculating the baseline for discretionary spending and to require budget estimates to be compared with the levels from the prior year. The baseline is a projection of federal spending and receipts during the fiscal year under current law. This bill changes the assumptions used for the discretionary spending baseline to eliminate adjustments required under current law for inflation, expiring housing contracts, social insurance administrative expenses, pay adjustments, and changes to other personnel benefits. The bill prohibits adjustments for inflation or any other factor. The President's budget must include: (1) comparisons of the proposed budgetary levels with the prior year's levels, (2) the sources of growth in direct spending under current law and as proposed in the budget, and (3) estimates of discretionary spending for current programs that assume compliance with discretionary spending limits under current law. The congressional budget committees must use budgetary levels from the prior fiscal year as the basis for deliberations in developing the congressional budget resolution and include comparisons with the prior fiscal year in the report accompanying the resolution. The Congressional Budget Office must include additional details in required reports to Congress, including comparisons to the prior year and the sources of growth in spending.

Foreign Earnings Reinvestment Act

United States · United States Congress · 5 February 2015

Foreign Earnings Reinvestment Act Amends the Internal Revenue Code to: (1) extend the election allowed to a domestic corporation to deduct current and accumulated dividends received from a controlled foreign corporation to the corporation's last taxable year beginning before the enactment of this Act or the first taxable year which begins during the one-year period beginning on such enactment date, (2) reduce tax rates on foreign earnings of domestic corporations that reinvest such earnings in the United States and that expand their payrolls over 2014 levels, and (3) increase the taxable income of domestic corporations that fail to maintain employment levels in the 23-month period after receiving a reduction in tax rates under this Act.

To amend the Internal Revenue Code of 1986 to provide for offsetting certain past-due local tax debts against income tax overpayments.

United States · United States Congress · 5 February 2015

Amends the Internal Revenue Code to allow a state, on behalf of a local government, to submit to the Secretary of the Treasury notice of a past-due, legally enforceable local tax obligation for offset against a taxpayer's tax refund. Defines "past-due, legally enforceable local tax obligation" as any debt which: (1) resulted from a judgment determining an amount of tax due to a local government; (2) is no longer subject to judicial review; or (3) resulted from a tax imposed by a local government which has been assessed but not collected, the time for redetermination of which has expired, and which has not been delinquent for more than 10 years.

Payer State Transparency Act of 2015

United States · United States Congress · 5 February 2015

Payer State Transparency Act of 2015 Directs: (1) the Director of the Bureau of Economic Analysis of the Department of Commerce to calculate the federal tax burden of each state for each calendar year, (2) the Director of the Office of Management and Budget (OMB) to calculate the total amount of federal outlays received by each state in each fiscal year, and (3) the Secretary of Commerce and the OMB Director to jointly report to Congress on the results of such calculations and publish such report on the publicly accessible website of the Bureau of Economic Analysis.

Federal Employee Pension Fairness Act of 2015

United States · United States Congress · 5 February 2015

Federal Employee Pension Fairness Act of 2015 Repeals provisions requiring federal employees, including foreign service employees, who began service after 2012 to pay an increased contribution (4.4%) for funding their annuities under the Federal Employees Retirement System. Amends the Internal Revenue Code to: (1) treat certain foreign corporations managed and controlled primarily in the United States as domestic corporations for U.S. tax purposes; and (2) revise rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with lower income tax rates than the United States).

Safeguarding Classrooms Hurt by ObamaCare's Obligatory Levies

United States · United States Congress · 5 February 2015

Safeguarding Classrooms Hurt by ObamaCare's Obligatory Levies Amends the Internal Revenue Code to exclude any elementary or secondary school, state or local educational agency, and institution of higher education from the definition of "applicable large employer" for purposes of the employer mandate to provide health care coverage for employees. Directs the Secretary of Education to study and report on the impact of the employer health insurance mandate on educational agencies and institutions before and after the enactment of this Act.

Small Business Tax Credit Accessibility Act

United States · United States Congress · 5 February 2015

Small Business Tax Credit Accessibility Act Amends the Internal Revenue Code, with respect to the small employer health care insurance tax credit, to: (1) revise the definition of "eligible small employer" to mean an employer with not more than 50 (currently, 25) full-time employees; (2) modify the phaseout formula for such credit to base such phaseout on number of employees and average annual wages; (3) extend from two to three consecutive taxable years the period during which an employer may claim such credit; and (4) eliminate the requirement that employers contribute the same percentage of cost of each employee's health insurance and the cap limiting eligible employer contributions to average premiums paid to a state health insurance exchange.

Fair BEER Act

United States · United States Congress · 5 February 2015

Fair Brewers Excise and Economic Relief Act or the Fair BEER Act This bill amends the Internal Revenue Code to revise the excise tax on beer brewed or produced, and removed for consumption or sale, within the United States or imported into the United States. The revised tax ranges from $0 for an amount not exceeding 7,143 barrels to $18 per barrel on an amount exceeding 2 million barrels.

Family Care Savings Act

United States · United States Congress · 5 February 2015

Family Care Savings Act This bill amends the Internal Revenue Code to increase the amount of the tax exclusion for employer-provided dependent care assistance to $10,000 in a taxable year and to provide for an inflation adjustment to such increased amount after 2015.

PRESIDENT'S FISCAL YEAR 2016 HEALTH CARE PROPOSALS

United States · United States Senate · 4 February 2015

A joint resolution proposing an amendment to the Constitution of the United States relative to balancing the budget.

United States · United States Congress · 4 February 2015

Constitutional Amendment 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 vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing. The amendment prohibits total outlays for any fiscal year from exceeding 18% of the gross domestic product of the United States, unless two-thirds of each house of Congress provides for a specific increase above this amount. The amendment requires a two-thirds vote of each chamber of Congress to impose a new tax, increase the statutory rate of any tax, or increase the aggregate amount of revenue. It requires a three-fifths vote of each chamber to increase the limit on the debt of the United States. The President is required to submit an annual budget in which total outlays do not exceed total receipts and 18% of the gross domestic product of the United States. The amendment prohibits a court from ordering a revenue increase to enforce the requirements. Congress is authorized to waive specified requirements when a declaration of war is in effect or the United States is engaged in a military conflict which causes an imminent and serious military threat to national security.

Gerardo Hernandez Airport Security Act of 2015

United States · United States Congress · 4 February 2015

Gerardo Hernandez Airport Security Act of 2015 Directs the Assistant Secretary of Homeland Security (Transportation Security) of the Department of Homeland Security to: (1) conduct outreach to all U.S. airports at which the Transportation Security Administration (TSA) performs, or oversees the implementation and performance of, security measures; and (2) give necessary technical assistance to verify that such airports have in place individualized working plans for responding to security incidents inside the airport perimeter, including active shooters, acts of terrorism, and incidents that target passenger-screening checkpoints. Requires the Assistant Secretary to report to Congress on the outreach findings, including an analysis of the level of preparedness such airports have to respond to such incidents. Requires the Assistant Secretary to: (1) identify best practices that exist across airports for security incident planning, management, and training; and (2) establish a mechanism through which to share those best practices with other airport operators nationwide. Requires the Assistant Secretary also to: (1) certify annually to specified congressional committees that all screening personnel have participated in practical training exercises for active shooter scenarios, and (2) analyze for those same committees how TSA can use cost savings achieved through efficiencies to increase over the next five fiscal years the funding available for checkpoint screening law enforcement support reimbursable agreements. Declares that no additional appropriations are authorized to carry out this Act. Requires this Act to be carried out using amounts otherwise available. Requires the Assistant Secretary to review the interoperable communications capabilities of law enforcement, fire, and medical personnel responsible for responding to security incidents at all U.S. airports at which the TSA performs, or oversees the implementation and performance of, security measures.

United States Library Trust Fund Act

United States · United States Congress · 4 February 2015

United States Library Trust Fund Act Amends the Internal Revenue Code to: (1) establish in the Treasury the United States Library Trust Fund, and (2) allow taxpayers to designate a portion of any tax overpayment (not less than $1) to the Fund. Authorizes public libraries or public school libraries to receive grants from the Fund.

Prevent Targeting at the IRS Act

United States · United States Congress · 4 February 2015

Prevent Targeting at the IRS Act Amends the Internal Revenue Service Restructuring and Reform Act of 1998 to expand existing grounds for termination of the employment of an Internal Revenue Service employee to include performing, delaying, or failing to perform (or threatening to perform, delay, or fail to perform) any official action (including any audit) with respect to a taxpayer for purpose of extracting personal gain or benefit or for a political purpose.

Medicare Demonstration of Coverage for Low Vision Devices Act of 2015

United States · United States Congress · 4 February 2015

Medicare Demonstration of Coverage for Low Vision Devices Act of 2015 Directs the Secretary of Health and Human Services to commence a project to demonstrate and evaluate the fiscal impact of covering low vision devices under part B (Supplementary Medical Insurance) of title XVIII (Medicare) of the Social Security Act in the same or similar manner as coverage is provided for durable medical equipment under such part.

Cuba Reconciliation Act

United States · United States Congress · 4 February 2015

Cuba Reconciliation Act Amends the Foreign Assistance Act of 1961 to repeal the embargo placed upon all trade with Cuba. Amends the Internal Revenue Code to declare the denial of foreign tax credit inapplicable to Cuba. Permits: (1) installation and maintenance of telecommunications equipment and facilities in Cuba, including telecommunications services between the United States and Cuba; and (2) travel to and from Cuba by U.S. citizens or residents. Requires the U.S. Postal Service to provide direct mail service to and from Cuba.

Medical Innovation Act of 2015

United States · United States Congress · 4 February 2015

Medical Innovation Act of 2015 This bill amends the Public Health Service Act to require certain drug manufacturers to make payments to fund research supported by the Food and Drug Administration (FDA) and the National Institutes of Health (NIH). A drug manufacturer with over $1 billion in net income in a fiscal year that has entered into a settlement agreement in the previous five years with a federal agency regarding specified violations must pay 1% of its net income to the Department of Health and Human Services (HHS) for each of its covered blockbuster drugs. A covered blockbuster drug is a drug that has at least $1 billion in net sales in a year and was developed, in whole or in part, through federal investments in medical research, including a drug for which a patent contains information that relates to, or is based upon, federally-funded research. Each fiscal year, HHS must publish a list of manufacturers that make payments, each manufacturer's covered blockbuster drugs, and payment amounts. Payments are divided between the FDA and the NIH in proportion to the discretionary funding of those agencies, excluding FDA user fees. Payments are not disbursed if appropriations for the FDA or the NIH are lower than in the prior fiscal year. The FDA's priority use for payments must include advancing regulatory science for medical products. The NIH's priority use for payments must include supporting: (1) research that fosters radical innovation, (2) research that advances fundamental knowledge, (3) research related to diseases that disproportionately account for federal health care spending, and (4) early career scientists. A covered blockbuster drug for which a manufacturer has not made a required payment is considered misbranded and cannot be sold until payment is made.

Small BREW Act

United States · United States Congress · 4 February 2015

Small Brewer Reinvestment and Expanding Workforce Act or the Small BREW Act Amends the Internal Revenue Code to reduce the rate of the excise tax on beer produced within or imported into the United States for brewers who produce not more than 6 million barrels of beer a year.

A bill to amend the Internal Revenue Code of 1986 to exclude payments received under the Work Colleges Program from gross income, including payments made from institutional funds.

United States · United States Congress · 4 February 2015

Amends the Internal Revenue Code to exclude from gross income payments received by a student under a comprehensive student work-learning-service program operated by a work college.