Taxation

Housing Is a Human Right Act of 2023

United States · United States Congress · 22 March 2023

Housing is a Human Right Act of 2023 This bill establishes and expands programs to assist homeless and housing-unstable individuals and establishes new real property-related taxes to fund specified Department of Housing and Urban Development (HUD) programs. HUD must establish the Community Development Block Grant Plus Program for state and local governments to assist homeless and housing-unstable individuals as well as cost-burdened households. These funds may be used only for certain activities that assist these populations, including the construction of new affordable housing. The bill also establishes other grant programs to assist these individuals, such as by facilitating access to voting and libraries. Governmental entities may not receive assistance under the bill unless they have, or are working to implement, policies that (1) do not criminally punish homeless individuals for sleeping outside or on public property, and (2) comply with constitutional protections for these individuals' property. In addition, the bill establishes additional taxes on (1) the sale or exchange of real property if the amount realized from the transaction is at least $10 million, (2) the sale or exchange of real property involving an anonymous entity, and (3) rent received by landlords that own large amounts of dwelling units. The revenue from these taxes must be credited to various HUD programs in specified percentages. The Government Accountability Office must study (1) the allocation formula for Emergency Food and Shelter Program grants, and (2) recipient compliance with various grant program guidelines.

Health Care Affordability Act of 2023

United States · United States Congress · 22 March 2023

Health Care Affordability Act of 2023 This bill revises the tax credit for health care premium assistance to expand the eligibility of low-income taxpayers for such credit and  reduce the cost of health care premiums.

Water Affordability, Transparency, Equity, and Reliability Act of 2023

United States · United States Congress · 22 March 2023

Water Affordability, Transparency, Equity, and Reliability Act of 2023 This bill increases funding for water infrastructure, including funding for several programs related to controlling water pollution or protecting drinking water. Specifically, it establishes a Water Affordability, Transparency, Equity, and Reliability Trust Fund. The fund may be used for specified grant programs. The bill increases the corporate income tax rate to 24.5% to provide revenues for the fund. In addition, the bill revises requirements concerning the clean water state revolving fund (SRF) and the drinking water SRF, including by prohibiting states from providing financial assistance using amounts from the clean water SRF for projects that will provide substantial direct benefits to new communities other than projects for constructing an advanced decentralized wastewater system. It also creates or reauthorizes several grant programs related to water infrastructure, such as grants for removing lead from drinking water.

BNA Fairness Act

United States · United States Congress · 22 March 2023

BNA Fairness Ac t This bill excludes from gross income, for income tax purposes, the basic needs allowance of members of the Armed Forces.

End Zuckerbucks Act

United States · United States Congress · 22 March 2023

End Zuckerbucks Act This bill prohibits tax-exempt charitable organizations from providing direct or indirect funding (e.g., below-cost services, scholarships, subsidies) to official election organizations, including any state or local government entity or any government election organization.

Water Affordability, Transparency, Equity, and Reliability Act of 2023

United States · United States Congress · 22 March 2023

Water Affordability, Transparency, Equity, and Reliability Act of 2023 This bill increases funding for water infrastructure to control water pollution or protect drinking water. Specifically, it establishes a Water Affordability, Transparency, Equity, and Reliability Trust Fund. The fund may be used for specified grant programs. The bill increases the corporate income tax rate to 24.5% to provide revenues for the fund. In addition, the bill revises requirements concerning the clean water state revolving fund (SRF) and the drinking water SRF, including by prohibiting states from providing financial assistance using amounts from the clean water SRF for projects that will provide substantial direct benefits to new communities other than projects for constructing an advanced decentralized wastewater system. It also creates or reauthorizes several grant programs related to water infrastructure, such as grants for removing lead from drinking water.

E-BIKE Act

United States · United States Congress · 21 March 2023

Electric Bicycle Incentive Kickstart for the Environment Act or the E-BIKE Act This bill allows individual taxpayers a new tax credit for 30% of the cost of a qualified electric bicycle. The bill defines qualified electric bicycle to mean a bicycle or tricycle that does not cost more than $8,000 and that is equipped with fully operable pedals, a saddle or seat for the rider, and an electric motor of less than 750 watts designed to assist in propelling the bicycle or tricycle under certain conditions The bill requires the Internal Revenue Service to establish a program to make advance payments of the credit and to publicly report on the number of taxpayers claiming the credit and the aggregate dollar amount of the credit, beginning in 2023 and 2024.

Recognizing the importance of stepped-up basis under section 1014 of the Internal Revenue Code of 1986 in preserving family-owned farms and small businesses.

United States · United States Congress · 21 March 2023

This resolution supports the preservation of the stepped-up basis tax rule that allows recipients of inherited assets such as land, equipment, or buildings to adjust the cost basis of the assets to reflect their fair market value. The resolution opposes any efforts to impose new taxes on family farms or small businesses and recognizes the importance of generational transfers of farm and family-owned businesses.

Bring American Companies Home Act

United States · United States Congress · 21 March 2023

Bring American Companies Home Act This bill allows United States persons (i.e., U.S. citizens or residents, partnerships, corporations, estates and trusts) to expense the cost of moving inventory, equipment, and supplies from China to the United States. Expensing is the tax rule that allows a taxpayer to deduct costs in the year in which they are incurred.

Bipartisan Ban on Congressional Stock Ownership Act of 2023

United States · United States Congress · 21 March 2023

Bipartisan Ban on Congressional Stock Ownership Act of 2023 This bill prohibits Members of Congress and their spouses from owning or trading stocks, bonds, commodities, futures, or any other form of security. Each current Member must divest within 180 days after the bill is enacted and each new Member must divest within 180 days after becoming a Member. However, Members and their spouses have 5 years to divest from specified complex investment vehicles. The bill does not apply to certain investments, such as investments in widely held investment funds that are diversified and do not present a conflict of interest and investments held in government employee retirement plans. A Member or spouse who violates the bill may be subject to a fine of up to $50,000 for each violation. The bill permits a Member or spouse who is required to divest property under the bill to avoid recognizing gain for income tax purposes from the sale of that property to the extent that the Member or spouse purchases permitted bonds or diversified investment funds within 60 days of the divestiture.

State and Local General Sales Tax Protection Act

United States · United States Congress · 21 March 2023

State and Local General Sales Tax Protection Act This bill specifies that certain requirements for aviation fuel tax revenue are limited to excise taxes on aviation fuel. Current law requires that an Airport Improvement Program (AIP) grant recipient provide assurances that the proceeds from state and local taxes on aviation fuel will be used for the capital or operating costs of the airport or local airport system. Under current Federal Aviation Administration policy, this requirement applies to any tax on aviation fuel, regardless of whether the tax is imposed only on aviation fuel or is imposed on other products as well as aviation fuel. This bill specifies that the AIP grant requirements apply only to state and local excise taxes on aviation fuel. The requirements do not apply to (1) state or local general sales taxes, or (2) state or local generally applicable sales taxes.

Merchant Category Code Neutrality Act

United States · United States Congress · 21 March 2023

Merchant Category Code Neutrality Act This bill prohibits the Internal Revenue Service from auditing a taxpayer based primarily on the Merchant Category Codes, or other similar codes, used to classify the goods or services provided by the taxpayer's business. The bill defines Merchant Category Code to mean classification codes assigned by payment card organizations to merchants or payees that accept their payment cards to classify the goods or services provided or furnished by a merchant or payee.

E-BIKE Act

United States · United States Congress · 21 March 2023

Electric Bicycle Incentive Kickstart for the Environment Act or the E-BIKE Act This bill allows individual taxpayers a new tax credit for 30% of the cost of a qualified electric bicycle. The bill defines qualified electric bicycle to mean a bicycle or tricycle that does not cost more than $8,000 and that is equipped with fully operable pedals, a saddle or seat for the rider, and an electric motor of less than 750 watts designed to assist in propelling the bicycle or tricycle under certain conditions The bill requires the Internal Revenue Service to establish a program to make advance payments of the credit and to publicly report on the number of taxpayers claiming the credit and the aggregate dollar amount of the credit, beginning in 2023 and 2024.

HELLPP Act

United States · United States Congress · 17 March 2023

Helping Ensure Life- and Limb-Saving Access to Podiatric Physicians Act or the HELLPP Act This bill adds podiatrists as covered physicians under the Medicaid program. Additionally, the bill revises certain documentation requirements related to Medicare coverage of therapeutic shoes for individuals with diabetes. Finally, the bill subjects payments made to a Medicaid provider or supplier to a continuing levy for federal taxes owed by the provider or supplier.

Student Loan Accountability Act

United States · United States Congress · 17 March 2023

Student Loan Accountability Act This bill generally prohibits the Departments of Education, Justice, or the Treasury from taking any action to cancel or forgive the outstanding balances, or portion of balances, of covered loans. Covered loans refer to Federal Family Education Loans, Federal Direct Loans, Federal Perkins Loans, and loans under the Health Education Assistance Loan Program. The prohibition does not apply to targeted federal student loan forgiveness, cancellation, or repayment programs carried out under the Higher Education Act of 1965. Additionally, the bill repeals the temporary tax-free treatment of discharged student loan debt. It also prohibits tax return information from being shared for the purpose of administering a student loan cancellation plan.

USA Workforce Tax Credit Act

United States · United States Congress · 17 March 2023

USA Workforce Tax Credit Act This bill allows individual taxpayers and business entities a new tax credit for charitable contributions to a workforce development or apprenticeship training organization.

Discriminatory Gaming Tax Repeal Act of 2023

United States · United States Congress · 17 March 2023

Discriminatory Gaming Tax Repeal Act of 2023 This bill repeals the excise tax on wagering. The term wager includes bets on a sporting event or contest that is conducted for profit and a lottery conducted for profit.

DEPOSIT Act

United States · United States Congress · 17 March 2023

Deliver Executive Profits On Seized Institutions to Taxpayers Act or the DEPOSIT Act This bill imposes an increased tax rate on bonuses paid after March 1, 2023, and profits from sales of bank stock received by highly-paid bank executives employed by failing banks that were closed and for which the Federal Deposit Insurance Corporation has been appointed conservator or receiver. The bill expresses the sense of the Congress that revenues from such increased taxes be returned to the Deposit Insurance Fund of the Federal Deposit Insurance Corporation.

THE PRESIDENT'S FISCAL YEAR 2024 BUDGET WITH TREASURY SECRETARY JANET L. YELLEN

United States · United States Senate · 16 March 2023

Caribbean Basin Security Initiative Authorization Act

United States · United States Congress · 16 March 2023

Caribbean Basin Security Initiative Authorization Act This bill provides statutory authority for the Department of State and the U.S. Agency for International Development to carry out the Caribbean Basin Security Initiative in 13 specified Caribbean countries for fiscal years 2023-2027. Among the specified purposes for this initiative are (1) promoting citizen safety, security, and rule of law; (2) countering transnational criminal organizations and local gangs; (3) combatting corruption; and (4) countering malign influence from authoritarian regimes. Additionally, the bill directs the State Department to promote natural disaster response and resilience in the 13 specified Caribbean countries.

SALT Deduction Fairness Act

United States · United States Congress · 16 March 2023

SALT Deduction Fairness Act This bill increases to $20,000 the amount that a married couple filing a joint tax return may deduct for certain state and local taxes.

American Innovation and Jobs Act

United States · United States Congress · 16 March 2023

American Innovation and Jobs Act This bill revises and expands the deductibility of research and experimental expenditures to allow immediate expensing of such expenditures. It also allows the amortization over a period of at least 60 months of certain other types of research and experimental expenditures not treated as expenses. The bill increases the maximum amount eligible for the tax credit for new and small businesses and increases to 20% the rate of the credit for business startups.

A bill to amend section 7014 of the Elementary and Secondary Education Act of 1965 to advance toward full Federal funding for impact aid, and for other purposes.

United States · United States Congress · 16 March 2023

This bill reauthorizes through FY2029 certain activities under the Impact Aid Program. The program provides funding 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).

Quality Defense Act of 2023

United States · United States Congress · 16 March 2023

Providing a Quality Defense Act of 2023 or the Quality Defense Act of 2023 This bill establishes grant programs and other resources to support the delivery of public defense services. Specifically, the bill authorizes the Department of Justice (DOJ) to award grants to state and local governments, tribal organizations, public defender's offices, and assigned counsel programs for public defense. In particular, DOJ may award a grant for (1) developing, implementing, and updating a process for collecting certain data regarding public defense attorneys and panel attorneys; or (2) hiring additional public defense attorneys and for other activities (e.g., increasing compensation or establishing a loan assistance program for public defenders). Additionally, DOJ must award grants to eligible entities (e.g., certain tax-exempt organizations and states) to provide a comprehensive educational program to public defenders and panel attorneys that offers ongoing training, support, and programming. The bill directs the Bureau of Justice Assistance and the Office for Access to Justice to conduct certain studies related to public defender and panel attorney caseloads and compensation. The bill also authorizes DOJ to provide a state with an increase in Edward Byrne Memorial Justice Assistance Grant program funds in order to collect and submit certain data related to the legal representation of defendants in criminal cases.

THE PRESIDENT'S FISCAL YEAR 2024 BUDGET PROPOSAL

United States · United States Senate · 15 March 2023

[ERRATA] THE PRESIDENT'S FISCAL YEAR 2024 BUDGET PROPOSAL

United States · United States Senate · 15 March 2023

DEPARTMENT OF DEFENSE AUTHORIZATION REQUEST FOR APPROPRIATIONS FOR FISCAL YEAR 2024 AND THE FUTURE YEARS DEFENSE PROGRAM

United States · United States Senate · 15 March 2023

LEGISLATIVE BRANCH APPROPRIATIONS FOR FISCAL YEAR 2024

United States · United States Senate · 15 March 2023

Fighting Trade Cheats Act of 2023

United States · United States Congress · 15 March 2023

Fighting Trade Cheats Act of 2023 This bill increases penalties for, and establishes additional enforcement mechanisms related to, fraudulent and grossly negligent violations of U.S. customs laws. Specifically, the bill increases the maximum civil penalty for a fraudulent violation to three times the domestic value of the merchandise. Further, the bill prohibits a person who commits a fraudulent violation from importing merchandise into the United States for a five-year period. Additionally, the bill increases the maximum civil penalty for a grossly negligent violation to the lesser of (1) 3 times the domestic value of the merchandise; or (2) 10 times the lawful duties, taxes, and fees. It also prohibits a person who commits a grossly negligent violation from importing merchandise into the United States for a two-year period. Further, the bill applies these importation bans to an affiliated person (e.g., a family member, partner, or employee) of the person who committed the fraudulent or grossly negligent violation. The bill also establishes a private right of action for customs fraud or grossly negligent violations. In particular, the bill allows manufacturers, producers, wholesalers, labor unions, or trade associations to bring a civil action against a violator or any person that aids or abets a violator. The bill prohibits any person (or an affiliated person) who commits a fraudulent or grossly negligent violation from participating in the U.S. Customs and Border Protection's Importer of Record program, and further requires their importer of record numbers to be revoked.

DEPARTMENT OF DEFENSE AUTHORIZATION REQUEST FOR APPROPRIATIONS FOR FISCAL YEAR 2024 AND THE FUTURE YEARS DEFENSE PROGRAM

United States · United States Senate · 14 March 2023

America Works Act of 2023

United States · United States Congress · 14 March 2023

America Works Act of 2023 This bill expands applicability of the work requirements for Supplemental Nutrition Assistance Program (SNAP) recipients who are able-bodied adults without dependents (ABAWDs). (SNAP recipients who are ABAWDs have work-related requirements in addition to the general SNAP work registration and employment and training requirements.) Specifically, this bill applies the work requirements for ABAWDs to adults who are not over 65 years old, whereas these requirements currently apply to adults who are not over 50 years old. Further, the ABAWD exemption for a parent or household member with responsibility for a dependent child is restricted to a dependent child under the age of seven. Currently, the child must be under the age of 18. The bill also amends an ABAWD waiver program that allows state exemptions based on an area having an unemployment rate of over 10% or an insufficient number of jobs. Specifically, the bill repeals the second basis for a state exemption, which applies to areas that have an insufficient number of jobs. Under current law, a state agency may exempt up to 12% of SNAP recipients from the ABAWD work requirements for each fiscal year; unused exemptions may be carried over and used in a subsequent fiscal year. Under the bill, unused exemptions may not be carried over.

Homeowner Energy Freedom Act

United States · United States Congress · 14 March 2023

Homeowner Energy Freedom Act This bill repeals provisions of the Deficit Reduction Act of 2022 relating to (1) the high-efficiency electric home rebate program, (2) state-based home energy efficiency contractor training grants, and (3) assistance for the adoption of the latest building energy and zero building energy codes. It also rescinds any unobligated balances available for such programs.

Calling an Article V Convention for proposing a Fiscal Responsibility Amendment to the United States Constitution and stipulating ratification by a vote of We the People, and for other purposes.

United States · United States Congress · 14 March 2023

This concurrent resolution calls for a convention for proposing amendments to the U.S. Constitution, with each proposed amendment to be ratified by a vote in three-quarters of the states via state convention delegates.

To amend section 7014 of the Elementary and Secondary Education Act of 1965 to advance toward full Federal funding for impact aid, and for other purposes.

United States · United States Congress · 14 March 2023

This bill reauthorizes through FY2029 certain activities under the Impact Aid Program. The program provides funding 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).

USA Batteries Act

United States · United States Congress · 14 March 2023

USA Batteries Act This bill removes lead oxide, antimony, and sulfuric acid from the list of taxable chemicals subject to the environmental excise tax.

PHIT Act of 2023

United States · United States Congress · 14 March 2023

Personal Health Investment Today Act of 2023 or the PHIT Act of 2023 This bill allows a medical care tax deduction for up to $1,000 ($2,000 for a joint return or a head of household) of qualified sports and fitness expenses per year. The bill defines qualified sports and fitness expenses as amounts paid exclusively for participating in a physical activity, including (1) fitness facility memberships, (2) physical exercise or activity programs, or (3) equipment for a physical exercise or activity program.

DEPOSIT Act

United States · United States Congress · 14 March 2023

Deliver Executive Profits On Seized Institutions to Taxpayers Act or the DEPOSIT Act This bill imposes an increased tax rate on bonuses paid after March 1, 2023, and profits from sales of bank stock received by highly-paid bank executives employed by failing banks that were closed and for which the Federal Deposit Insurance Corporation has been appointed conservator or receiver. The bill expresses the sense of the Senate that revenues from such increased taxes be returned to the Deposit Insurance Fund of the Federal Deposit Insurance Corporation.

FREE American Energy Act

United States · United States Congress · 14 March 2023

Furthering Resource Exploration and Empowering American Energy Act or the FREE American Energy Act This bill expedites the review of energy projects, limits executive power over certain energy projects, delegates certain energy permitting authority to states, provides statutory authority for specified environmental rules, and terminates tax credits for certain vehicles. Specifically, the bill establishes deadlines by which applicable federal agencies must approve or deny permits or other authorizations for certain natural gas, oil, alternative energy (e.g., solar), oil or gas pipelines, liquefied natural gas terminals, or hydropower projects. In addition, the bill limits executive power by (1) exempting certain projects related to oil pipelines, natural gas pipelines, or electric transmission facilities from permits required under any executive orders; and (2) rescinding Executive Order 13990, which is about protecting public health and the environment and addressing climate change. Further, the Office of Management and Budget must initiate a rule making that establishes a process to delegate the authority to approve or deny certain oil or gas projects on federal land to states that contain the federal land. The bill also provides statutory authority for rules issued in 2020 and titled (1) Update to the Regulations Implementing the Procedural Provisions of the National Environmental Policy Act ; and (2) The Navigable Waters Protection Rule: Definition of "Waters of the United States ." Finally, the bill terminates a tax credit for certain clean vehicles placed in service after 2024 (currently 2032).

PHIT Act of 2023

United States · United States Congress · 14 March 2023

Personal Health Investment Today Act of 2023 or the PHIT Act of 2023 This bill allows a medical care tax deduction for up to $1,000 ($2,000 for a joint return or a head of household) of qualified sports and fitness expenses per year. The bill defines qualified sports and fitness expenses as amounts paid exclusively for participating in a physical activity, including (1) fitness facility memberships, (2) physical exercise or activity programs, or (3) equipment for a physical exercise or activity program.

PRESIDENT BIDEN'S FISCAL YEAR 2024 BUDGET REQUEST WITH TREASURY SECRETARY YELLEN

United States · United States House of Representatives · 10 March 2023

ACRES Act

United States · United States Congress · 10 March 2023

Accurately Counting Risk Elimination Solutions Act or the ACRES Act This bill requires the Department of Agriculture (USDA) and the Department of the Interior to submit accurate reports regarding hazardous fuels reduction activity. Hazardous fuels reduction activity means any vegetation management activity to reduce the risk of wildfire but excludes a wildland fire managed for resource benefits and the award of contracts to conduct hazardous fuels reduction activities. Specifically, USDA and Interior must include in the materials submitted in support of the President's budget each fiscal year a report on the number of acres on which such activities were carried out during the preceding year, and implement standardized procedures for tracking data related to such activities. The standardized procedures must include regular, standardized data reviews of the accuracy and timely input of data used to track hazardous fuels reduction activities; verification methods that validate whether such data accurately correlates to such activities; an analysis of the short- and long-term effectiveness of such activities on reducing the risk of wildfire; and for hazardous fuels reduction activities that occur partially within the wildland-urban interface, methods to distinguish which acres are located within and which located outside the wildland-urban interface. The Government Accountability Office shall (1) conduct a study on this bill's implementation, and (2) submit a report to Congress with the results of the study.

LEAP Act

United States · United States Congress · 10 March 2023

Leveraging and Energizing America's Apprenticeship Programs Act or the LEAP Act This bill allows employers a tax credit for each of their employees who participate in qualified apprenticeship programs. The credit is equal to $1,500 for each of the apprenticeship employees of the employer that exceeds a specified apprenticeship level determined by this bill. As an offset, the bill requires the Director of the Office of Management and Budget to coordinate with federal departments and independent agencies to devise a strategy to reduce government printing costs over the 10-year period beginning with FY2023.

Jobs and Opportunities for SNAP Act

United States · United States Congress · 10 March 2023

Jobs and Opportunities for SNAP Act This bill expands applicability of the work requirements for Supplemental Nutrition Assistance Program (SNAP) recipients who are able-bodied adults without dependents (ABAWDs). (SNAP recipients who are ABAWDs have work-related requirements in addition to the general SNAP work registration and employment and training requirements.) Specifically, this bill applies the work requirements for ABAWDs to adults who are not over 65 years old, whereas these requirements currently apply to adults who are not over 50 years old. Further, the ABAWD exemption for a parent or household member with responsibility for a dependent child is restricted to a dependent child under the age of seven. Currently, the child must be under the age of 18. The bill repeals COVID-19 public health emergency waivers issued for ABAWD work requirements. The bill also repeals an ABAWD waiver program that allows state exemptions based on an area (1) having an unemployment rate of over 10%, or (2) not having a sufficient number of jobs. Under current law, a state agency may exempt up to 12% of SNAP recipients from the ABAWD work requirements for each fiscal year; unused exemptions may be carried over and used in a subsequent fiscal year. The bill reduces the percentage of exemptions a state agency may provide to up to 3% of SNAP recipients and unused exemptions may not be carried over.

Executive Mental Competency Protection Act of 2023

United States · United States Congress · 10 March 2023

Executive Mental Competency Protection Act of 2023 This bill requires the physician to the President to conduct a comprehensive cognitive evaluation of the President by January 1st of each fiscal year and make the results available on the White House public website. If a President fails to complete such evaluation by that date, during the remainder of the fiscal year no federal funds may be obligated or expended for presidential travel.

Restoring Competitive Property Insurance Availability Act

United States · United States Congress · 10 March 2023

Restoring Competitive Property Insurance Availability Act This bill excludes from the gross income of specified insurance companies (other than life insurance companies) certain income from providing qualified real property insurance after a federally declared disaster. The bill defines qualified real property insurance income to mean the excess of premiums received by such insurance companies for real property insurance for property located in the disaster area, over deductions properly allocable to such premiums.

Eliminating Backlogs Act of 2023

United States · United States Congress · 10 March 2023

Eliminating Backlogs Act of 2023 This bill increases the number of employment-based immigration visas available. The total number of additional visas made available under this bill shall be based on a formula relating to certain types of visas issued from FY1992-FY2021. These visas shall be available in FY2024 and in subsequent fiscal years until they are used. Furthermore, the yearly cap on the number of employment-based immigration visas that are made available to a single country shall not apply to the visas made available under this bill. (Generally, individuals from a single country may only receive up to 7% of such visas made available in a fiscal year.)

INVEST Act

United States · United States Congress · 10 March 2023

Incentives for our Nation's Veterans in Energy Sustainability Technologies or the INVEST Act This bill allows the work opportunity tax credit to be used for the hiring of a specified veteran who works in a field of renewable energy. A specified veteran means any veteran who is certified as (1) having received a credential or certification from the Department of Defense of a military occupational specialty or skill in a field of renewable energy or with respect to advanced manufacturing, machinist or welding, or engineering; (2) having completed a vocational degree in a field of renewable energy; or (3) having completed a LEED (Leadership in Energy & Environmental Design) certification with the United States Green Building Council. The Department of the Treasury shall compensate specified U.S. possessions for their losses resulting from this bill.

Restoring Energy Market Freedom Act

United States · United States Congress · 10 March 2023

Restoring Energy Market Freedom Act This bill repeals specified business tax credits related to electricity produced from certain renewable resources and alternative energy and investment credits related to energy projects. Specifically, the bill repeals tax credits (i.e., money that can be offset against a tax liability) for businesses for (1) electricity produced from certain renewable resources (e.g., solar energy); (2) production of electricity from advanced nuclear power facilities; (3) carbon dioxide sequestration; (4) zero-emission nuclear power production; (5) production of clean hydrogen; (6) production and sale of specified components, such as solar energy components; and (7) production of clean electricity. The bill also repeals tax credits for investments related to certain energy projects, including credits for (1) geothermal energy property placed in service, (2) qualifying coal projects, (3) qualifying advanced energy projects, (4) advanced manufacturing investments, and (5) clean electricity investments.

Emerging Business Encouragement Act of 2023

United States · United States Congress · 10 March 2023

Emerging Business Encouragement Act of 2023 This bill directs the Small Business Administration (SBA) to establish criteria and procedures for small businesses to be designated as emerging business enterprises. The bill provides for various benefits to such enterprises, such as waiving various loan fees and requiring federal agencies to award at least 3% of contracts in each fiscal year to such enterprises.

[H.A.S.C. NO. 118-13] U.S. SPECIAL OPERATIONS FORCES AND COMMAND--CHALLENGES AND RESOURCE PRIORITIES FOR FISCAL YEAR 2024

United States · United States House of Representatives · 9 March 2023