Taxation

To prevent the use of additional Internal Revenue Service funds from being used for audits of taxpayers with taxable incomes below $400,000 in order to protect low- and middle-income earning American taxpayers from an onslaught of audits from an army of new Internal Revenue Service auditors funded by an unprecedented, nearly $80,000,000,000, infusion of new funds.

United States · United States Congress · 7 October 2022

This bill prohibits the use of additional funds appropriated to the Internal Revenue Service under the Inflation Reduction Act of 2022 for audits of taxpayers with taxable incomes below $400,000.

Healthcare Freedom Act of 2022

United States · United States Congress · 7 October 2022

Healthcare Freedom Act of 2022 This bill expands the availability of health savings accounts. It renames such accounts as health freedom accounts and allows all individuals to receive increased tax deductions for contributions to such accounts. The term qualified medical expenses is expanded to include costs associated with direct primary care, health care sharing ministries, and medical cost sharing organizations. The bill also excludes employer contributions to health freedom accounts from employee gross income for income tax purposes.

Prioritizing Troops Over Tax Collectors Act of 2022

United States · United States Congress · 4 October 2022

Prioritizing Troops Over Tax Collectors Act of 2022 This bill establishes the rate of basic pay for a member of the uniformed services at the minimum amount of $31,200. It transfers unobligated amounts made available to the Internal Revenue Service (IRS) by the Inflation Reduction Act of 2022 for enforcement activities to pay for the increase in basic pay. The bill also prohibits the IRS from hiring additional employees until the increase in the rate of basic pay is implemented.

Maritime Fuel Tax Parity Act

United States · United States Congress · 4 October 2022

Maritime Fuel Tax Parity Act This bill extends the exemption from the excise tax on motor boat or motor vehicle fuels sold or used as supplies for certain vessels or aircraft engaged in trade between U.S. Atlantic or Pacific ports.

Qualified Agricultural Carbon Sequestration Act of 2022

United States · United States Congress · 30 September 2022

Qualified Agricultural Carbon Sequestration Act of 2022 This bill allows certain qualified applicants (i.e., farms) a new tax credit for the abatement and sequestration of carbon dioxide emissions related to certain agricultural activities. The bill requires the Department of the Treasury to establish a qualified agricultural carbon sequestration and abatement program to consider and award certifications for farms eligible for the credit.

Family and Small Business Taxpayer Protection Act

United States · United States Congress · 30 September 2022

Family and Small Business Taxpayer Protection Act This bill rescinds unobligated amounts appropriated to the Internal Revenue Service by the Inflation Reduction Act of 2022 for its enforcement and other activities.

SHORT Act

United States · United States Congress · 29 September 2022

Stop Harassing Owners of Rifles Today Act or the SHORT Act This bill removes certain short-barreled rifles, short-barreled shotguns, and other weapons from the definition of a firearm for purposes of regulation under the National Firearms Act (NFA). The bill also eliminates certain restrictions that apply to the sale or transportation of such rifles and shotguns in interstate commerce. If a state or local registration or licensing requirement is determined by reference to the NFA, the bill treats persons who acquire or possess a short-barreled rifle, short-barreled shotgun, or other weapon in accordance with the Gun Control Act of 1968 as meeting the registration and licensing requirements. The bill preempts certain state or local laws that tax or regulate these rifles and shotguns. The Bureau of Alcohol, Tobacco, Firearms and Explosives must destroy records relating to the registration, transfer, or manufacture of applicable weapons described by this bill within one year after the enactment of this bill.

To amend the Internal Revenue Code of 1986 to exclude from gross income certain income from providing homeowner's insurance following certain federally declared disasters.

United States · United States Congress · 29 September 2022

This bill excludes from the gross income of specified insurance companies (other than life insurance companies) certain income from providing homeowner's insurance after a federally declared disaster.

Non-Profit Hospital Tax Exemption Transparency Act

United States · United States Congress · 29 September 2022

Non-Profit Hospital Tax Exemption Transparency Act The bill imposes additional community benefit standards for tax-exempt hospital organizations. A hospital organization must have a board of directors drawn from the community in which it is located and must provide medical care for patients who pay their bills through public programs, including Medicare and Medicaid. The organization may not limit the number of patients served at any clinical site it owns or controls and must spend specified amounts on (1) training, education, or research designed to improve patient care; (2) improvements to facilities and equipment; and (3) free or discounted care. The Inspector General for Tax Administration of the Department of the Treasury must conduct a review of the financial assistance policies of tax-exempt hospital organizations. The Government Accountability Office must review and report on the effectiveness of the Internal Revenue Service in enforcing compliance of tax-exempt hospitals with the new community benefit standards.

To amend the Internal Revenue Code of 1986 to create a safe harbor for certain perpetual trust funds.

United States · United States Congress · 29 September 2022

This bill creates a safe harbor for certain perpetual trust funds. It excludes from the definition of investment property under arbitrage provisions any fund created and controlled by a state and established pursuant to its constitution or state law if on a specified date, substantially all of the assets of the fund consist of nonfinancial assets and the assets are used only to support specifically designated essential governmental functions.

Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act

United States · United States Congress · 29 September 2022

Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act This bill repeals the 15% alternative minimum tax on corporations enacted by the Inflation Reduction Act of 2022.

Tax Credit for Student Parents Act

United States · United States Congress · 29 September 2022

Tax Credit for Student Parents Act This bill expands the tax credit for expenses for household and dependent care services necessary for gainful employment to include education-related expenses for certain full-time students.

Prevent Family Fire Act of 2022

United States · United States Congress · 29 September 2022

Prevent Family Fire Act of 2022 This bill allows a new business-related tax credit, through 2030, for 10% of the amount of the first retail sale of a safe firearm storage device. The amount upon which the credit is based may not exceed $400. A safe firearm storage device is a device that (1) is designed and marketed to deny unauthorized access to, or rendering inoperable, a firearm or ammunition; and (2) is secured by a combination lock, key lock, or lock based on biometric information.

Affordable Electric Vehicles for America Act of 2022

United States · United States Congress · 29 September 2022

Affordable Electric Vehicles for America Act of 2022 This bill extends until after 2025 the requirement that final assembly of vehicles occur within North America for purposes of the clean vehicle tax credit.

A bill to require the sale of ammunition stockpiled by the Internal Revenue Service.

United States · United States Congress · 29 September 2022

This bill requires the General Services Administration to sell to the public any ammunition purchased or stockpiled by or for the use of the Internal Revenue Service.

Native American Tax Parity and Relief Act of 2022

United States · United States Congress · 29 September 2022

Native American Tax Parity and Relief Act of 2022 This bill makes changes to the Internal Revenue Code to treat Indian tribal governments in the same manner as their state counterparts for tax purposes. Among other changes, the bill treats Indian tribes as states for purposes of the issuance of tax-exempt bonds, equalizes the tax treatment of charities funded by Indian tribal governments, enhances the ability of tribal governments to enforce child support orders, expands the special-needs adoption tax credit to apply to adoptions ratified by a tribal court, designates certain Indian areas as difficult development areas for purposes of the low-income housing tax credit, increases the amount of wages and benefits taken into account for purposes of determining the Indian employment tax credit, and creates an annual $175 million New Markets Tax Credit for low-income tribal communities and for projects that serve or employ Tribe members.

Preventing Frivolous Actions by IRS Agents Act

United States · United States Congress · 29 September 2022

Preventing Frivolous Actions by IRS Agents Act This bill requires the Internal Revenue Service (IRS) to reimburse audited taxpayers whose gross income does not exceed $400,000 in the year of their audit and who have not been convicted of any crime related to the audit for the costs of such audit, including attorney's fees and court costs for civil or criminal proceedings in which the taxpayer prevails in court.

Broadband Grant Tax Treatment Act

United States · United States Congress · 29 September 2022

Broadband Grant Tax Treatment Act This bill excludes from gross income, for income tax purposes, certain broadband grants made for broadband deployment.

Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act

United States · United States Congress · 29 September 2022

Repealing the Ill-Conceived and Problematic (RIP) Book Minimum Tax Act This bill repeals the 15% alternative minimum tax on corporations enacted by the Inflation Reduction Act of 2022.

Savings for Servicemembers Act

United States · United States Congress · 28 September 2022

Savings for Servicemembers Act This bill modifies the tax deduction for the travel expenses of members of a reserve component of the Armed Forces to decrease the distance from home requirement from 100 miles to 50 miles.

More Homes on the Market Act

United States · United States Congress · 28 September 2022

More Homes on the Market Act This bill increases the tax exclusion of gain from the sale of a principal residence and requires an annual inflation adjustment to such increased amount.

DIRECT Funds for Border Security Act

United States · United States Congress · 28 September 2022

Diverting IRS Resources to the Exigent Crisis Through Funds for Border Security Act or the DIRECT Funds for Border Security Act This bill rescinds unobligated amounts for Internal Revenue Service enforcement activities enacted by the Inflation Reduction Act of 2022 and redirects such amounts to the U.S. Customs and Border Protection for the hiring of new agents and officers for the security of the southern border of the United States.

SHORT Act

United States · United States Congress · 28 September 2022

Stop Harassing Owners of Rifles Today Act or the SHORT Act This bill removes certain short-barreled rifles, short-barreled shotguns, and other weapons from the definition of a firearm for purposes of regulation under the National Firearms Act (NFA). The bill also eliminates certain restrictions that apply to the sale or transportation of such rifles and shotguns in interstate commerce. If a state or local registration or licensing requirement is determined by reference to the NFA, the bill treats persons who acquire or possess a short-barreled rifle, short-barreled shotgun, or other weapon in accordance with the Gun Control Act of 1968 as meeting the registration and licensing requirements. The bill preempts certain state or local laws that tax or regulate these rifles, shotguns, and weapons. The Bureau of Alcohol, Tobacco, Firearms and Explosives must destroy records relating to the registration, transfer, or manufacture of applicable weapons described by this bill within one year after the enactment of this bill.

Athlete Opportunity and Taxpayer Integrity Act

United States · United States Congress · 28 September 2022

Athlete Opportunity and Taxpayer Integrity Act This bill denies a tax deduction for contributions (except contributions made directly to certain institutions of higher education) used to compensate one or more secondary or post-secondary school athletes for the use of their names, images, or likenesses by reason of their status as athletes.

Subcommittee in Financial Services and General Government. Fiscal Year 2022 Answers to Questions Submitted for the Record

United States · United States House of Representatives · 27 September 2022

DEPARTMENT OF LABOR, HEALTH AND HUMAN SERVICES, AND EDUCATION, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2020

United States · United States Senate · 27 September 2022

COMMERCE, JUSTICE, SCIENCE, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2020

United States · United States Senate · 27 September 2022

DEPARTMENT OF LABOR, HEALTH AND HUMAN SERVICES, AND EDUCATION, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2021

United States · United States Senate · 27 September 2022

DEPARTMENT OF DEFENSE APPROPRIATIONS FOR FISCAL YEAR 2022

United States · United States Senate · 27 September 2022

A bill to provide limits on the reduction of Internal Revenue Service user fees.

United States · United States Congress · 27 September 2022

This bill provides for a limit, through 2025, on the reduction of Internal Revenue Service user fees (e.g., fees for requests for ruling letters, opinion letters, and determination letters). Any reduced fee may not exceed 5% of the lowest fee charged for a taxpayer whose gross income is $5 million or more in a taxable year.

Medical Care Equity Act

United States · United States Congress · 26 September 2022

Medical Care Equity Act This bill allows a tax deduction for the unreimbursed Medicare-based value of qualified charity care (i.e., physicians' services furnished without expectation of reimbursement, including medical screenings and treatment for emergency medical conditions and labor-related treatments). The bill also specifies that a physician is not liable under federal or state law for harm caused by an act or omission of the physician, or attending medical personnel supporting the physician, if the act or omission (1) occurs in the course of furnishing charity care, and (2) was not grossly negligent. The bill preempts laws of a state or locality that are inconsistent with this exemption, unless the laws provide greater protection from liability for a defendant.

To rescind certain balances made available to the Internal Revenue Service and amend the Internal Revenue Code of 1986 to permanently increase the standard deduction.

United States · United States Congress · 26 September 2022

This bill rescinds amounts made available to the Internal Revenue Service for enforcement and other activities under the Inflation Reduction Act of 2022. It also permanently increases the standard deduction for individual taxpayers.

State and Local Corrections Officer Retirement Fairness Act of 2022

United States · United States Congress · 26 September 2022

State and Local Corrections Officer Retirement Fairness Act of 2022 This bill extends the exemption from the penalty for early withdrawals from tax-exempt retirement plans currently allowed to federal public safety officers to certain state and local government corrections officers.

Gun Violence Prevention and Safe Communities Act of 2022

United States · United States Congress · 22 September 2022

Gun Violence Prevention and Safe Communities Act of 2022 This bill increases by .5% the excise tax on firearms, including pistols, revolvers, and shells and cartridges. The bill establishes the Gun Violence Prevention Trust Fund into which the increased tax revenues are deposited to fund gun violence prevention programs. The Trust Fund creates separate accounts for violence prevention, gun violence research, hate crimes data collection and enforcement, and firearm forensics. The bill also requires an inflation adjustment to the amount of the special tax on importers, manufacturers, and dealers in firearms and the transfer tax on firearms.

Financing Lead Out of Water Act of 2022

United States · United States Congress · 22 September 2022

Financing Lead Out of Water Act of 2022 This bill allows the issuance of tax-exempt private activity bonds to finance the replacement of any privately-owned portion of a lead service line in a public water system. Specifically, the bill provides that the use of proceeds from such bonds for replacement of a lead service line does not constitute private business use.

CVV Act

United States · United States Congress · 22 September 2022

Codification of Verified Values Act or the CVV Act This bill requires a contributor to political organizations who uses a credit card to make online contributions to such organizations to disclose the credit verification value of such credit card at the time a contribution is made. A credit verification value is a series of numbers on a credit card (usually on the back of the card) that provides additional security for a transaction by credit card.

Ending Duplicative Subsidies for Electric Vehicles Act

United States · United States Congress · 22 September 2022

Ending Duplicative Subsidies for Electric Vehicles Act This bill prohibits duplicative subsidies (i.e., loans, grants, or tax credits) for manufacturers of new clean electric vehicles.

Know Before You Owe Federal Student Loan Act of 2022

United States · United States Congress · 20 September 2022

Know Before You Owe Federal Student Loan Act of 2022 This bill expands lender disclosure requirements and revises loan counseling requirements. First, the bill requires a lender to provide a quarterly statement to a Federal Family Education Loan or Direct Loan borrower during a period when loan payments are not required. The statement must include specified information on the loan and interest amounts and explain the option to pay accrued interest while in deferment or forbearance. In addition, the bill requires an institution of higher education (IHE) that participates in federal student-aid programs to provide pre-loan counseling to a student borrower of a federal student loan upon or prior to the first disbursement of each new loan. Currently, an IHE must provide one-time entrance counseling to a student who is a first-time federal student loan borrower. The bill also revises and expands required elements of pre-loan counseling to include an estimate of the borrower's monthly payment amount compared to the borrower's estimated monthly income after taxes and other expenses, a statement to borrow the minimum necessary amount, a warning that a high debt-to-income ratio makes repayment more difficult, options to reduce borrowing, and an explanation of the importance of on-time graduation. Prior to certifying a Federal Direct Loan disbursement to a student, an IHE must ensure that the student manually enters the exact dollar amount of the loan.

To amend the Internal Revenue Code of 1986 to clarify that expenses for blood storage qualify as expenses for medical care.

United States · United States Congress · 20 September 2022

This bill expands the tax deduction for medical expenses to include expenses for storage of blood or biomaterial derived from blood.

TCJA Permanency Act

United States · United States Congress · 20 September 2022

TCJA Permanency Act This bill makes permanent provisions affecting individual and business taxpayers that were enacted in 2017 by the Tax Cuts and Jobs Act and are scheduled to expire at the end of 2025. The bill makes permanent reductions in individual and capital gain tax rates. The bill increases the standard tax deduction for individual taxpayers. It also increases and modifies the child tax credit and raises the contribution base for the tax deduction for charitable contributions. The bill allows additional contributions to ABLE accounts (tax-exempt accounts designed to enable individuals with disabilities to save and pay for disability-related expenses). It exempts from taxation combat zone benefits of members of the Armed Forces serving in the Sinai Peninsula of Egypt and limits the deduction for moving expenses to active duty members of the Armed Forces. Additionally, the bill expands the types of elementary and secondary school expenses eligible for payment from qualified tuition programs (529 programs); lowers to $750,000 the amount of mortgage debt eligible for an interest expense tax deduction; reinstates after 2023 the exclusion of income from the gross income of student loan borrowers for loan debt discharged due to death or total and permanent disability; makes permanent the limitation on the tax deduction for state and local taxes and denies a deduction for foreign real property taxes; makes permanent the tax deduction of the income of certain pass-through business entities; repeals the tax deduction for personal tax exemptions and the exclusion of employer-provided bicycle commuter fringe benefits; terminates certain miscellaneous itemized tax deductions; doubles the estate and gift tax exemption amount; and makes permanent the increase of the alternative minimum tax exemption amount for individual taxpayers.

To amend the National Defense Authorization Act for Fiscal Year 2021, to authorize certain prizes for the development of non-PFAS-containing turnout gear, and for other purposes.

United States · United States Congress · 19 September 2022

This bill authorizes the Department of Defense to award cash and other prizes to recognize outstanding achievements in the development of personal protective firefighting equipment (e.g., turnout gear pants) that does not contain an intentionally added perfluoroalkyl or polyfluoroalkyl substance, commonly known as PFAS. These substances are man-made and may have adverse human health effects. A variety of products contain the compounds, such as nonstick cookware or weatherproof clothing.

To direct the Secretary of Defense to submit to Congress a report on congressional increases to the budget of the Department of Defense for fiscal year 2023, and for other purposes.

United States · United States Congress · 19 September 2022

This bill requires the Department of Defense (DOD) to submit, at the same time the President submits the budget to Congress, a report containing specified elements on the programs and activities of DOD that received funding through the National Defense Authorization Act for FY2023 or the Defense Appropriations Act, FY2023, in an amount that exceeded the amount requested for the activity or program in the budget submitted by the President for FY2023.

Higher Education Accountability Tax Act

United States · United States Congress · 19 September 2022

Higher Education Accountability Tax Act This bill increases from 1.4% to 10% the rate of the excise tax on the net investment income of applicable educational institutions (i.e., certain private colleges and universities). It further increases to 20% the rate of such tax on net-price-increase institutions (i.e., educational institutions whose net price increased at a rate exceeding the rate of increase in the Consumer Price Index during a specified three-year period). The bill also modifies the definition of applicable educational institution to lower the per student threshold in that definition from $500,000 to $250,000 (thus making more such institutions subject to the excise tax).

Providing for Life Act

United States · United States Congress · 15 September 2022

Providing for Life Act This bill revises various programs and supports for families and children related to taxes, health, and other benefits. First, the bill increases the child tax credit to a maximum of $3,500 per child ($4,500 per child under the age of six) and makes permanent the increased income threshold over which the credit phases out. The bill further eliminates the federal deduction for certain state and local taxes (SALT deduction) and makes the adoption tax credit refundable. The bill allows parents to use a portion of their Social Security benefits for up to three months of paid parental leave after the birth or adoption of a child. Additionally, the bill requires Supplemental Nutrition Assistance Program (SNAP) recipients to cooperate with states in establishing child support orders. It also provides additional workforce training for noncustodial parents with child support obligations. States must establish requirements for the biological father of a child to pay, at the mother's request, at least 50% of reasonable out-of-pocket medical expenses associated with the mother's pregnancy and delivery. The bill requires institutions of higher education to provide students with certain information about the resources and services (excluding abortion services) available to pregnant students. Additionally, the bill provides grants for community-based maternal mentoring programs and for pregnancy resource centers that do not provide abortions; requires the Department of Health and Human Services to publish a website with specified pregnancy-related information; and extends from one to two years the postpartum benefit eligibility period under the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC).

PRO–LIFE Act of 2022

United States · United States Congress · 15 September 2022

Providing Real Opportunities and Lifelong Investments For Everyone Act of 2022 or the PRO-LIFE Act of 2022 This bill establishes new, and modifies existing, programs related to maternal and child health, tax credits and other benefits for parents and caregivers, and support for childcare infrastructure. The bill requires multi-agency efforts to improve maternal health and reduce maternal mortality, particularly among racial and ethnic minority groups, veterans, and other vulnerable populations, by addressing both health-related factors and the social determinants of health (i.e., nonmedical factors that influence health outcomes, such as housing, food security, transportation, and environmental conditions). Additionally, the bill permanently extends the Children's Health Insurance Program (CHIP) and related measures. Further, the bill (1) sets up a family medical leave insurance benefit that entitles employees to a monthly benefit payment for a period of qualified caregiving; and (2) imposes a tax on employers, employees, and self-employed individuals to fund the benefits. The bill also increases the amount of the child tax credit and makes the credit fully refundable and payable in advance on a monthly basis. In addition, the Department of Labor must carry out a program to certify and recognize employers that implement family-friendly workplace programs (e.g., providing paid family and sick leave or subsidizing childcare). The bill also requires support for childcare infrastructure, for example by establishing grants for childcare facilities and scholarship and loan repayment programs for childcare educators.

Expanded Student Saver’s Tax Credit Act

United States · United States Congress · 15 September 2022

Expanded Student Saver's Tax Credit Act This bill revises the tax credit for retirement savings contributions to allow full-time students to qualify for such credit.

SAFES Act

United States · United States Congress · 15 September 2022

Storing All Firearms Effectively and Safely Act or the SAFES Act This bill allows individual taxpayers a refundable tax credit for 90% of the aggregate amount paid for (1) any gun safe, for taxable years beginning before 2030; and (2) any gun safe, for taxable years beginning after 2029, determined to be highly effective in preventing unauthorized access. The bill limits the amount of the credit and denies the credit for any used safes.

Protecting American Savers and Retirees Act

United States · United States Congress · 15 September 2022

Protecting American Savers and Retirees Act This bill repeals the 1% excise tax on the repurchase of corporate stock enacted by the Inflation Reduction Act of 2022.

Employee Business Expense Deduction Reinstatement Act of 2022

United States · United States Congress · 15 September 2022

Employee Business Expense Deduction Reinstatement Act of 2022 This bill allows an individual taxpayer to take into account 85% of any miscellaneous itemized deductions for the taxable year that are unreimbursed expenses paid or incurred by the individual in connection with the performance of services as an employee.

Providing for Life Act

United States · United States Congress · 15 September 2022

Providing for Life Act This bill revises various programs and supports for families and children related to taxes, health, and other benefits. First, the bill increases the child tax credit to a maximum of $3,500 per child ($4,500 per child under the age of six) and makes permanent the increased income threshold over which the credit phases out. The bill further eliminates the federal deduction for certain state and local taxes (SALT deduction) and makes the adoption tax credit refundable. The bill allows parents to use a portion of their Social Security benefits for up to three months of paid parental leave after the birth or adoption of a child. Additionally, the bill requires Supplemental Nutrition Assistance Program (SNAP) recipients to cooperate with states in establishing child support orders. It also provides additional workforce training for noncustodial parents with child support obligations. States must establish requirements for the biological father of a child to pay, at the mother's request, at least 50% of reasonable out-of-pocket medical expenses associated with the mother's pregnancy and delivery. The bill requires institutions of higher education to provide students with certain information about the resources and services (excluding abortion services) available to pregnant students. Additionally, the bill provides grants for community-based maternal mentoring programs and for pregnancy resource centers that do not provide abortions; requires the Department of Health and Human Services to publish a website with specified pregnancy-related information; and extends from one to two years the postpartum benefit eligibility period under the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC).