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Bill· HRH.R. 5563 (117th)referred
United States · United States Congress · 12 October 2021
Stop Penalizing Working Seniors Act This bill allows Medicare-eligible individuals who are age 65 or older to contribute to health savings accounts if their entitlement to Medicare benefits is limited to hospital insurance benefits under Medicare Part A.
Bill· HRH.R. 5565 (117th)referred
United States · United States Congress · 12 October 2021
Banana Stand Money Act This bill repeals (1) the tax deduction for state and local taxes, and (2) title VI of the Social Security Act (Coronavirus Relief , Fiscal Recovery, and Critical Capital Projects Funds) and rescinds any unobligated funds under such title.
Bill· HRH.R. 5549 (117th)open
United States · United States Congress · 8 October 2021
Indian Health Service Advance Appropriations Act This bill authorizes advance appropriations for the following Indian Health Service appropriations accounts: Indian Health Services, Indian Health Facilities, Contract Support Costs, and Payments for Tribal Leases. The advance appropriations provide new budget authority that first becomes available in the first fiscal year after the budget year. The bill requires the President's budget request to include information on estimates for the advance appropriations.
Bill· HRH.R. 5507 (117th)referred
United States · United States Congress · 8 October 2021
Unemployment Insurance Improvement Act This bill expands the list of requirements a state unemployment compensation system must follow to be compliant under federal law. Specifically, the bill requires the maximum benefit period available to an individual be at least 26 weeks. The base period used to determine unemployment eligibility must consist of at least four completed calendar quarters preceding the claim and must include the most recently completed calendar quarter. Further, compensation must not be denied to an otherwise eligible individual who earns at least $1,000 during the highest quarter and at least $1,500 during the entire base period. Finally, compensation must not be denied under an ability to work, active search for work, or refusal to accept work provision solely on the basis of the number of hours of work the individual is seeking, so long as the individual is seeking at least 20 hours of work or half the hours the individual typically worked. Employers that pay unemployment taxes to a noncompliant state system cannot claim amounts paid into the state system as a credit against federal unemployment tax due. The bill also requires states to meet specified online claim system accessibility requirements and to ensure that offline means of filing are available. A state that does not comply cannot receive federal funds for administration of its state unemployment system.
Bill· HRH.R. 5541 (117th)referred
United States · United States Congress · 8 October 2021
Primary and Virtual Care Affordability Act This bill extends until December 31, 2023, the exemption for telehealth services from certain high deductible health plan rules. It also provides a high deductible health plan safe harbor for the absence of a deductible for certain primary care services provided in any plan year beginning on or before December 31, 2023 (COVID-19 emergency period). The Government Accountability Office must complete a study, and report on, the effects of the safe harbor for certain primary care services provided during the COVID-19 emergency period.
Bill· SS. 2951 (117th)referred
United States · United States Congress · 7 October 2021
Aiding Afghan Allies Act This bill allows a tax credit, up to $300 in a taxable year, for charitable contributions made to evacuate individuals from Afghanistan who are U.S. citizens or lawful permanent residents or who are Afghan citizens or nationals who have submitted a petition for special immigrant status. The period for making such contributions begins on August 14, 2021, and ends on September 30, 2022.
Law· SS. 2959 (117th)enacted
United States · United States Congress · 7 October 2021
Supplemental Impact Aid Flexibility Act This bill revises the Impact Aid Program application process for FY2023. Specifically, the bill requires local educational agencies (LEAs) participating in the Impact Aid Program to use the student count or federal property valuation data from their FY2022 program applications, as applicable, for their FY2023 program applications. The program provides funding to LEAs 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. 2953 (117th)referred
United States · United States Congress · 7 October 2021
Protecting Financial Privacy Act of 2021 This bill prohibits the Internal Revenue Service from creating or implementing any new financial account reporting program that would require financial institutions to report data on financial accounts in an information return listing balances, transactions, transfers, or inflows or outflows of any kind, and that was not in effect as of October 1, 2021.
Bill· SS. 2985 (117th)referred
United States · United States Congress · 7 October 2021
Indian Programs Advance Appropriations Act of 2021 This bill authorizes advance appropriations for several covered appropriations accounts of (1) the Bureau of Indian Affairs and the Bureau of Indian Education within the Department of the Interior, and (2) the Indian Health Service within the Department of Health and Human Services. The advance appropriations provide new budget authority that first becomes available for the first fiscal year after the budget year. The covered accounts within the Bureau of Indian Affairs are (1) Operation of Indian Programs, (2) Contract Support Costs, (3) the Indian Guaranteed Loan Program, (4) Construction, and (5) Payments for Tribal Leases. The covered accounts within the Bureau of Indian Education are (1) Operation of Indian Education Programs, and (2) Education Construction. The covered accounts within the Indian Health Service are (1) Indian Health Services, (2) Contract Support Costs, (3) Payments for Tribal Leases, and (4) Indian Health Facilities. The bill also requires the President's budget and the supporting documents submitted to Congress to include detailed estimates related to the advance appropriations.
Bill· SS. 2940 (117th)referred
United States · United States Congress · 6 October 2021
Motorsports Fairness and Permanency Act of 2021 This bill makes permanent the accelerated depreciation (seven-year recovery period) of motorsports entertainment complexes.
Bill· HRH.R. 5498 (117th)referred
United States · United States Congress · 5 October 2021
Preserving Employment Visas Act This bill reclaims unused employment-based immigrant visas from FY2020 and FY2021 and makes such unused visas available in FY2022, for the purposes of calculating the total number of employment-based immigrant visas available each fiscal year. If, at the end of FY2022, there are still unused FY2020 and FY2021 visas, these unused visas shall be available in subsequent fiscal years until they are all used.
Bill· SS. 2936 (117th)referred
United States · United States Congress · 5 October 2021
This bill modifies the employee retention tax credit (the credit for payment of wages of employees in businesses adversely affected by COVID-19) to eliminate stock attribution rules for individuals related to a taxpayer.
Bill· SS. 2923 (117th)open
United States · United States Congress · 30 September 2021
Fishery Resource Disasters Improvement Act This bill revises the Fisheries Resource Disaster Relief Program and repeals or revises certain reporting requirements. The bill revises the procedures and process for determining whether there has been a commercial fishery failure as a result of a fishery resource disaster because of natural, man-made, or undetermined causes. The Department of Commerce shall have the sole authority to determine the existence, extent, and beginning and end dates of a fishery resource disaster. Additionally, Commerce must include in its budget justification materials submitted to Congress in support of the budget of Commerce for each fiscal year, (as submitted with the President's budget) a separate statement of the amount requested to be appropriated for that fiscal year for outstanding unfunded fishery resource disasters. The bill repeals a program that provides disaster relief assistance to fishermen, charter fishing operators, and others affected by a catastrophic regional fishery disaster, known as the regional coastal disaster assistance, transition, and recovery program. With respect to reporting requirements, the bill requires (1) biennial rather than annual reports (under current law, annual reports) relating to the recovery of Klamath River Coho salmon, and (2) inclusion of additional information in the biennial reports on international compliance regarding the conservation of living marine resources. The bill also repeals the requirement for annual reporting to Congress on bycatch reduction agreements.
Bill· HRH.R. 5456 (117th)referred
United States · United States Congress · 30 September 2021
Federal Employees Civil Relief Act This bill establishes a framework to temporarily suspend certain judicial and administrative proceedings against a federal employee or contractor during a shutdown (i.e., any period in which there is more than a 24-hour lapse in appropriations affecting any federal agency or department). A federal worker who is furloughed or required to work without pay during a shutdown may apply to a court for a temporary stay, postponement, or suspension of any payment of rent, mortgage, tax, fine, penalty, insurance premium, student loan repayment, or other civil obligation or liability that the worker or individual owes or would owe during the duration of the shutdown. The Department of Justice many commence a civil action against any person who engages in (1) a pattern or practice of violating the requirements of this bill, or (2) a violation that raises an issue of significant public importance. A person aggrieved by a violation of this bill's requirements may also bring a private right of action.
Bill· HRH.R. 5453 (117th)referred
United States · United States Congress · 30 September 2021
Fishery Resource Disasters Improvement Act This bill revises the Fisheries Resource Disaster Relief Program and repeals or revises certain reporting requirements. The bill revises the procedures and process for determining whether there has been a commercial fishery failure as a result of a fishery resource disaster because of natural, man-made, or undetermined causes. The Department of Commerce shall have the sole authority to determine the existence, extent, and beginning and end dates of a fishery resource disaster. Additionally, Commerce must include in its budget justification materials submitted to Congress in support of the budget of Commerce for each fiscal year, (as submitted with the President's budget) a separate statement of the amount requested to be appropriated for that fiscal year for outstanding unfunded fishery resource disasters. The bill repeals a program that provides disaster relief assistance to fishermen, charter fishing operators, and others affected by a catastrophic regional fishery disaster, known as the regional coastal disaster assistance, transition, and recovery program. With respect to reporting requirements, the bill requires (1) biennial rather than annual reports (under current law, annual reports) relating to the recovery of Klamath River Coho salmon, and (2) inclusion of additional information in the biennial reports on international compliance regarding the conservation of living marine resources. The bill also repeals the requirement for annual reporting to Congress on bycatch reduction agreements.
Bill· HRH.R. 5464 (117th)referred
United States · United States Congress · 30 September 2021
No Taxation Without Congressional Consent Act This bill prohibits assessing a fine, fee, or tax against any person who violates a COVID-19 vaccine mandate issued by the Occupational Safety and Health Administration or other executive agency.
Bill· HRH.R. 5466 (117th)referred
United States · United States Congress · 30 September 2021
Onshore Wind American Manufacturing Act of 2021 This bill provides tax credits for investment in manufacturing facilities that produce onshore wind turbine components.
Bill· HRH.R. 5462 (117th)referred
United States · United States Congress · 30 September 2021
Tanning Tax Repeal Act of 2021 This bill repeals the excise tax on indoor tanning services.
Bill· SS. 2921 (117th)referred
United States · United States Congress · 30 September 2021
Protecting Our Democracy Act This bill addresses issues involving (1) abuses of presidential power; (2) checks and balances, accountability, and transparency; and (3) foreign interference in elections. Specifically, regarding abuses of presidential power, the bill requires the Department of Justice (DOJ) and the President to submit to Congress specified materials relating to certain pardons, prohibits self-pardons by the President, suspends the statute of limitations for federal offenses committed by a sitting President or Vice President, prohibits the acceptance of foreign or domestic emoluments, and sets forth provisions regarding Office of Government Ethics and Office of Special Counsel jurisdiction and enforcement authority. To address checks and balances, accountability, and transparency, the bill authorizes specified actions to enforce congressional subpoenas, imposes limits on presidential declarations of emergencies, requires DOJ to maintain a log of specified communications between itself and the White House, requires cause for removal of inspectors general, increases whistleblower protections, requires a candidate for President or Vice President to submit to the Federal Election Commission a copy of the individual's income tax returns for the 10 most recent taxable years, and establishes penalties for political appointees who engage in prohibited political activities. To protect against foreign interference in elections, the bill requires federal campaign reporting of foreign contacts, requires federal campaigns to establish a foreign contacts compliance policy, and specifies that foreign donations to political campaigns and candidates of nonpublic information relating to a candidate are prohibited.
Resolution· SRESS.Res. 404 (117th)passed
United States · United States Congress · 30 September 2021
This resolution expresses support for the goals and ideals of National Retirement Security Month and acknowledges the need to raise public awareness of a variety of tax-preferred retirement vehicles.
Bill· SS. 2909 (117th)referred
United States · United States Congress · 30 September 2021
Onshore Wind American Manufacturing Act of 2021 This bill provides tax credits for investment in manufacturing facilities that produce onshore wind turbine components.
Bill· HRH.R. 5412 (117th)open
United States · United States Congress · 29 September 2021
Intelligence Authorization Act for Fiscal Year 2022 This bill authorizes various intelligence-related activities for FY2022 and addresses related issues. For example, the bill authorizes the Office of the Director of National Intelligence (ODNI) to support activities related to personnel recruitment and retention, diversity, equity, and inclusion; prohibits certain former intelligence community personnel from accepting certain employment, such as providing intelligence services to a foreign country, for 30 months after leaving intelligence community employment; provides the Central Intelligence Agency (CIA) with the authorities available to the Department of Homeland Security and Department of Justice to take actions to protect against unmanned aircraft; requires the Counterintelligence Division of the Federal Bureau of Investigation (FBI) to conduct a security assessment of a product (or service) from an entity connected to China's government before the FBI may procure that product; requires the FBI to establish counterintelligence units in the Department of Agriculture; authorizes the Air Force to establish the National Space Intelligence Center as a field operating agency of the Space Force; statutorily establishes the Office of Medical Services within the CIA and requirements concerning compensation and qualifications for CIA medical officers; requires the President to develop for the intelligence community various protocols pertaining to medical testing, treatment, information collection, and reporting; requires the ODNI to produce a National Intelligence Estimate on the situation in Afghanistan and specified other countries; and authorizes a pilot program to identify risks associated with individuals performing Department of Defense-funded unclassified research who would not otherwise undergo federal personnel vetting.
Bill· HRH.R. 5411 (117th)referred
United States · United States Congress · 29 September 2021
Governing Effectively, with Transparency, Integrity, and Timeliness and Doing Our Necessary Expenditures Act or the GET IT DONE Act This bill withholds the salaries of senior government officials and restricts the use of federal funds for official travel by senior government officials if all of the regular appropriations bills for a fiscal year have not been enacted by the first day of the fiscal year. Under the bill, senior government officials include a Member of Congress; the President; the Vice President; the head of any executive department; and any employee of, or detailee to, the Executive Office of the President whose annual rate of basic pay is at least $158,000. If a chamber of Congress has not approved all of the annual appropriations bills for a fiscal year by the first day of the fiscal year, the bill prohibits the chamber from adjourning for a period of more than 12 hours until it has approved the bills. The bill also provides continuing appropriations to prevent a government shutdown if any appropriations measure for a fiscal year has not been enacted before the fiscal year begins or a joint resolution making continuing appropriations is not in effect. For an initial 30-day period, the bill provides appropriations to continue programs, projects, and activities for which funds were provided in the preceding fiscal year. The bill reduces the continuing appropriations by 2.5% after the first 30-day period and by an additional 2.5% for each subsequent 30-day period until the applicable appropriations legislation is enacted.
Bill· HRH.R. 5423 (117th)referred
United States · United States Congress · 29 September 2021
Solar Energy Manufacturing for America Act This bill allows a new tax credit for the production and sale of certain solar equipment produced and sold in a taxpayer's trade or business.
Bill· SS. 2897 (117th)referred
United States · United States Congress · 29 September 2021
NIL Scholarship Tax Act This bill denies the tax exclusion for qualified scholarships income to recipients of athletic scholarships at institutions of higher education who receive income in excess of $20,000 from their name, image or likeness in a taxable year.
Bill· SS. 2892 (117th)referred
United States · United States Congress · 29 September 2021
Stop the Shutdowns Transferring Unnecessary Pain and Inflicting Damage In The coming Years Act This bill provides continuing appropriations to certain federal agencies to prevent a government shutdown if an appropriations bill for the agency has not been enacted before the fiscal year begins and continuing appropriations are not in effect. The bill excludes agencies within or under the legislative branch or the Executive Office of the President, which would continue to be subject to a government shutdown due to a lapse in appropriations.
Bill· SS. 2900 (117th)referred
United States · United States Congress · 29 September 2021
Federal Employees Civil Relief Act This bill establishes a framework to temporarily suspend certain judicial and administrative proceedings against a federal employee or contractor during a shutdown (i.e., any period in which there is more than a 24-hour lapse in appropriations affecting any federal agency or department). A federal worker who is furloughed or required to work without pay during a shutdown may apply to a court for a temporary stay, postponement, or suspension of any payment of rent, mortgage, tax, fine, penalty, insurance premium, student loan repayment, or other civil obligation or liability that the worker or individual owes or would owe during the duration of the shutdown. The Department of Justice many commence a civil action against any person who engages in (1) a pattern or practice of violating the requirements of this bill, or (2) a violation that raises an issue of significant public importance. A person aggrieved by a violation of this bill's requirements may also bring a private right of action.
Bill· SS. 2883 (117th)referred
United States · United States Congress · 29 September 2021
School Infrastructure Modernization Act of 2021 This bill allows rehabilitation expenditures for public school buildings to qualify for the rehabilitation tax credit.
Bill· SS. 2870 (117th)referred
United States · United States Congress · 28 September 2021
Portable Retirement and Investment Account Act of 2021 or the PRIA Act of 2021 This bill provides for the establishment of portable retirement and investment accounts, which are tax-exempt retirement savings accounts that will be established for each individual who has been issued a Social Security number.
Bill· SS. 2880 (117th)referred
United States · United States Congress · 28 September 2021
This bill extends the deadline, from 270 days to 390 days, for the Commission on Combating Synthetic Opioid Trafficking to submit the final report on its activities and recommendations to combat the flow of synthetic opioids into the United States.
Bill· SS. 2874 (117th)referred
United States · United States Congress · 28 September 2021
Indian Health Service Health Professions Tax Fairness Act of 2021 This bill excludes from gross income, for income tax purposes, payments under the Indian Health Service Loan Repayment Program and certain amounts received under the Indian Health Professions Scholarships Program.
Bill· SS. 2877 (117th)referred
United States · United States Congress · 28 September 2021
This bill allows payments, in lieu of tax credits, to individuals who remove from a terminal eligible indelibly dyed diesel fuel or kerosene.
Bill· SS. 2872 (117th)referred
United States · United States Congress · 28 September 2021
Performing Artist Tax Parity Act of 2021 This bill modifies the tax deduction for the expenses of performing artists (including commissions paid to managers or agents) to provide for a phaseout of such deduction for taxpayers whose adjusted gross income exceeds $100,000 ($200,000 for joint return filers). The $100,000 phaseout threshold is adjusted for inflation annually for taxable years beginning after 2021.
Law· HRH.R. 5376 (117th)enacted
United States · United States Congress · 27 September 2021
This bill provides funding, establishes programs, and otherwise modifies provisions relating to a broad array of areas, including education, labor, child care, health care, taxes, immigration, and the environment. (The bill is commonly referred to as the Build Back Better Act.) For example, the bill provides funding for management of the National Forest System; job placement and career services; safe drinking water, energy-efficiency, and weatherization projects; electric vehicles and zero-emission, heavy-duty vehicles; public health infrastructure and supply chain resiliency; housing, rental, and homeowner assistance programs; cybersecurity programs; tribal infrastructure, housing, environmental, and health programs; wildfire prevention, drought relief, conservation efforts, and climate change research; small business assistance and development; transit services and clean energy projects in low-income communities; and infrastructure and administration of the Department of Veterans Affairs. Additionally, the bill establishes programs to provide up to six semesters of free community college, free child care for children under the age of six, free universal preschool services, and health benefits for eligible individuals who reside in states that have not expanded Medicaid. The bill also includes provisions that establish a methane fee for certain petroleum and natural gas facilities; expand Medicare to cover dental, hearing, and vision care; provide certain aliens with a path to permanent resident status (e.g., those who entered the United States as minors); provide up to 12 weeks of paid family and medical leave; restructure and increase the tax rates for certain corporations and high-income individuals (e.g., individuals with income over $400,000); and require the Department of Health and Human Services to negotiate maximum prices for certain brand-name drugs under Medicare.
Bill· HRH.R. 5389 (117th)referred
United States · United States Congress · 27 September 2021
Rewarding Efforts to Decrease Unrecycled Contaminants in Ecosystems Act of 2021 or the REDUCE Act of 2021 This bill imposes an excise tax on any taxable virgin plastic resin. The bill establishes a Plastic Waste Reduction Fund to carry out reduction and recycling activities, plastic waste and marine debris reduction, detection, monitoring, and cleanup activities, and address environmental justice and pollution impacts from plastic products.
Bill· HRH.R. 5385 (117th)referred
United States · United States Congress · 27 September 2021
Affordable Housing Opportunities Made Equitable Act or the Affordable HOME Act This bill addresses the availability and affordability of housing. Among other provisions for low-income and homeless individuals, the bill requires the Department of Housing and Urban Development (HUD) to construct and preserve multifamily rental housing projects in rural areas, specifies the number of low-income housing choice vouchers HUD must provide in FY2022-2031, and provides FY2022-2031 appropriations for HUD to assist permanent supportive housing. The bill also repeals the limitation on construction of new public housing units, commonly known as the Faircloth limit or the Faircloth amendment; prohibits discrimination in housing based on source of income; and provides additional FY2021 appropriations for the Housing Trust Fund, which provides assistance to states to produce and preserve affordable housing. For individuals experiencing unemployment or income shortfalls during periods of increased state unemployment or during certain disasters, the bill establishes an emergency assistance fund to provide housing assistance. For qualifying homeowners, the bill requires HUD to provide grants for down payment assistance and establishes a 15% annual mortgage interest tax credit. Among other provisions for residential renters, the bill requires notice and specific cause for eviction, provides funding to state and local governments that have established a right to counsel in certain housing cases, and requires certain landlords to provide renters an opportunity to purchase before selling or transferring the rental property. The bill also provides grants for acquisition and preservation of manufactured home communities.
Bill· HRH.R. 5375 (117th)referred
United States · United States Congress · 27 September 2021
This bill authorizes the Department of the Treasury to certify or decertify (for incompetence or willful misrepresentation) the practice of tax return preparers and impose fees on such preparers. It also authorizes Treasury to require tax return preparers to provide disclosures to person receiving tax return preparation services and regarding refund anticipation payment arrangements. Treasury may impose a penalty on tax return preparers who fail to make required disclosures.
Bill· SS. 2856 (117th)referred
United States · United States Congress · 27 September 2021
This bill authorizes the Department of the Treasury to certify or decertify (for incompetence or willful misrepresentation) the practice of tax return preparers and impose fees on such preparers. It also authorizes Treasury to require tax return preparers to provide disclosures to person receiving tax return preparation services and regarding refund anticipation payment arrangements. Treasury may impose a penalty on tax return preparers who fail to make required disclosures.
Bill· SS. 2865 (117th)referred
United States · United States Congress · 27 September 2021
Unemployment Insurance Improvement Act This bill expands the list of requirements a state unemployment compensation system must follow to be compliant under federal law. Specifically, the bill requires the maximum benefit period available to an individual be at least 26 weeks. The base period used to determine unemployment eligibility must consist of at least four completed calendar quarters preceding the claim and must include the most recently completed calendar quarter. Further, compensation must not be denied to an otherwise eligible individual who earns at least $1,000 during the highest quarter and at least $1,500 during the entire base period. Finally, compensation must not be denied under an ability to work, active search for work, or refusal to accept work provision solely on the basis of the number of hours of work the individual is seeking, so long as the individual is seeking at least 20 hours of work or half the hours the individual typically worked. Employers that pay unemployment taxes to a noncompliant state system cannot claim amounts paid into the state system as a credit against federal unemployment tax due. The bill also requires states to meet specified online claim system accessibility requirements and to ensure that offline means of filing are available. A state that does not comply cannot receive federal funds for administration of its state unemployment system.
Bill· SS. 2859 (117th)referred
United States · United States Congress · 27 September 2021
State and Local General Sales Tax Protection Act This bill restricts the source of revenue for airport spending to local fuel excise taxes. Under current Federal Aviation Administration policy, state and local governments must also use general sales taxes collected on aviation fuel for airport spending.
Bill· HRH.R. 5369 (117th)referred
United States · United States Congress · 24 September 2021
American Jobs in Energy Manufacturing Act of 2021 This bill revises the definition of qualifying advanced energy project for purposes of the tax credit for such project. Specifically, the bill expands the definition to include property designed to produce energy from water, property designed to produce energy conservation technologies, light-, medium-, or heavy-duty electric or fuel cell vehicles, certain hybrid vehicles, and manufacturing facilities designed to reduce greenhouse gas emissions. The definition also includes projects located in a census tract in which a coal mine closed after 1999 and in which a coal-fired electric generating unit was retired after 2009, and provides additional credit allocations for projects to retool, expand, or build new facilities that make or recycle energy-related products, and for projects in communities where coal mines have closed or coal-fired electric units have been retired.
Bill· HRH.R. 5364 (117th)referred
United States · United States Congress · 24 September 2021
Protect Taxpayers' Privacy Act This bill increases to $250,000 the criminal penalty for unauthorized disclosures of taxpayer information by federal employees and tax return preparers. It also lowers the evidentiary requirements for removal of employees from federal service who disclose tax return information without authorization.
Bill· HRH.R. 5366 (117th)referred
United States · United States Congress · 24 September 2021
This bill allows an exclusion from gross income, for income tax purposes, of certain amounts received as contributions to capital by a regulated public utility that provides water or sewerage disposal services. It also provides a three-year statute of limitations period for any deficiency attributable to the treatment of such amounts as a contribution to capital.
Bill· HRH.R. 5371 (117th)referred
United States · United States Congress · 24 September 2021
Permanently Preserving America's Investment in Manufacturing Act This bill makes permanent the allowance for depreciation, amortization, or depletion for purposes of determining the income limitation on the tax deduction for business interest.
Bill· HRH.R. 5353 (117th)referred
United States · United States Congress · 23 September 2021
Scholarship Tax Relief for Students Act of 2021 This bill excludes from gross income, for income tax purposes, any amount awarded under a Federal Pell Grant and any portion of a scholarship used by a full-time student for room and board.
Bill· HRH.R. 5354 (117th)referred
United States · United States Congress · 23 September 2021
Veterans Jobs Opportunity Act This bill allows a new business-related tax credit for the start-up expenses of a veteran-owned small business in an underserved community. The allowable amount of such credit is 15% of start-up expenditures that do not exceed $50,000. To be eligible for the credit, the small business must (1) be owned and controlled by one or more veterans or their spouses, and (2) have its principal place of business in an underserved community. An underserved community is any area located within (1) a HUBZone (as defined by the Small Business Act), (2) an empowerment zone or an enterprise community, (3) an area of low income or moderate income (as recognized by the Federal Financial Institutions Examination Council), or (4) a county with persistent poverty (as classified by the Economic Research Service of the Department of Agriculture).
Bill· SS. 2820 (117th)referred
United States · United States Congress · 23 September 2021
Decent, Affordable, Safe Housing for all Act or the DASH Act This bill provides grants, loans, tax credits, and other assistance to promote the building, maintenance, and affordability of housing. Specifically, the bill requires the Department of Housing and Urban Development to (1) provide housing vouchers to individuals and families experiencing or at risk of experiencing homelessness, (2) provide grants for the modular construction of affordable housing, (3) propose a new formula for distribution of Housing Trust Fund amounts, and (4) encourage zoning and community planning methods that promote multi-family housing. The bill also makes permanent certain homeless assistance programs. The Department of Agriculture (USDA) must provide grants and loans to construct or preserve affordable housing for farm laborers and may provide rural housing vouchers for low-income households residing in certain properties financed with or insured by USDA loans. The bill also makes permanent a program for the preservation and revitalization of USDA-backed housing projects and expands existing domestic violence housing protections to rural housing voucher recipients. The bill expands the Low-Income Housing Tax Credit (LIHTC) to be more widely available and to allocate a larger portion of available funds to projects serving extremely low-income households. Further, the bill creates a refundable tax credit for participating owners of rental buildings who lower rents for their low-income tenants. The bill also creates a tax credit similar to the LIHTC for the development of housing for middle-income households and provides a tax credit of up to $15,000 for first-time homebuyers.
Bill· SS. 2843 (117th)referred
United States · United States Congress · 23 September 2021
No Taxation Without Congressional Consent Act This bill prohibits assessing a fine, fee, or tax against any person who violates a COVID-19 vaccine mandate issued by the Occupational Safety and Health Administration or other executive agency.
Bill· SS. 2828 (117th)referred
United States · United States Congress · 23 September 2021
Preserving Employment Visas Act This bill reclaims unused employment-based immigrant visas from FY2020 and FY2021 and makes such unused visas available in FY2022, for the purposes of calculating the total number of employment-based immigrant visas available each fiscal year. If, at the end of FY2022, there are still unused FY2020 and FY2021 visas, these unused visas shall be available in subsequent fiscal years until they are all used.
Bill· SS. 2819 (117th)referred
United States · United States Congress · 23 September 2021
Protect Our Citizens from Reckless Extortion of our Debt and Irresponsible Tactics Act of 2021 or the Protect Our CREDIT Act of 2021 This bill allows the President to increase the statutory debt limit unless a joint resolution of disapproval is passed by Congress and becomes law. Prior to the beginning of each fiscal year, the President must submit to Congress a certification that specifies the existing debt, the debt limit, and the debt that will be necessary to issue during the next year to meet existing commitments. The debt limit is increased by the proposed amount, unless a joint resolution of disapproval is passed by Congress within 15 days and becomes law. Congress must consider the joint resolution using specified expedited legislative procedures. The President must submit an additional certification to Congress during the year if the debt is within $250 billion of the limit, and further borrowing is necessary to meet existing commitments. The certification must propose a new debt limit for the remainder of the year and explain any discrepancy with the earlier certification. The new debt limit also goes into effect, unless a joint resolution of disapproval is passed by Congress within 15 days and becomes law. The bill suspends the debt limit during the period in which Congress is considering a joint resolution of disapproval after the President has submitted a mid-year certification.