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Taxation

Records whose title is actually about this topic. Use a country filter if the list is still too broad.

1,501 records in US in 2023

Records

Bill· SS. 441 (118th)referred

American Opportunity Accounts Act

United States · United States Congress · 15 February 2023

American Opportunity Accounts Act This bill establishes tax-exempt American Opportunity Accounts to provide children at birth with a $1,000 savings account with annual contributions up to $2,000 depending on family income. The accounts are available to children at age 18 for specified purposes, including educational expenses, home ownership, and investment that provides long-term returns.

Bill· HRH.R. 1055 (118th)referred

Territorial Economic Recovery Act

United States · United States Congress · 14 February 2023

Territorial Economic Recovery Act This bill restores the favorable tax treatment of investment in U.S. territories and possessions. It treats such investment as domestic rather than foreign investment and requires investors to have an active trade or business in a U.S. territory or possession with a certain percentage of income derived from such territory or possession.

Bill· HRH.R. 1039 (118th)referred

Territorial Tax Parity and Fairness Act

United States · United States Congress · 14 February 2023

Territorial Tax Parity and Fairness Act This bill sets forth a tax rule with respect to certain bona fide residents of the U.S. Virgin Islands who are shareholders of corporations organized under the laws of the Virgin Islands. It provides that such residents shall not be treated as U.S. persons for purposes of determining inclusions in gross income with respect to such corporations.

Bill· HRH.R. 1046 (118th)referred

Social Security Expansion Act

United States · United States Congress · 14 February 2023

Social Security Expansion Act This bill increases benefits and certain taxes related to the Social Security program. Changes to benefits include (1) increasing the primary insurance amount for certain beneficiaries; (2) revising the method of calculating cost-of-living adjustments; (3) establishing a new minimum benefit for certain low earners; and (4) allowing certain children of retired, deceased, or disabled workers to receive benefits until age 22 if they are a full-time student. Changes to taxes include (1) increasing the net investment income tax and making active trade or business income subject to this tax; and (2) extending payroll taxes on wages, salaries, and self-employment earnings to income above $250,000 (the maximum amount subject to the Social Security payroll tax is currently $160,200 for 2023). The bill also combines the existing Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund into a single Social Security Trust Fund.

Bill· HRH.R. 1023 (118th)passed

Cutting Green Corruption and Taxes Act

United States · United States Congress · 14 February 2023

This bill repeals the Greenhouse Gas Reduction Fund. This fund provides financial and technical assistance to states, nonprofit organizations, and other eligible recipients to help communities carry out activities to reduce greenhouse gas emissions.

Bill· HRH.R. 1043 (118th)referred

To restore onshore energy production.

United States · United States Congress · 14 February 2023

This bill establishes requirements about conducting lease sales of onshore federal land for the development of oil and gas. The Department of the Interior must immediately resume quarterly lease sales as specified by the bill. Each fiscal year, Interior must conduct a minimum of four oil and gas lease sales in each state with land available for oil and gas leasing under mineral leasing law. If a lease sale is canceled, delayed, or deferred, then Interior must conduct a replacement sale. Interior must also conduct a replacement sale if during the original lease sale, no more than 25% of the area offered for leasing receives a bid.

Bill· HRH.R. 993 (118th)referred

No Tax Subsidies for Stadiums Act of 2023

United States · United States Congress · 14 February 2023

No Tax Subsidies for Stadiums Act of 2023 This bill denies an exclusion from tax of the interest on professional stadium bonds (i.e., bonds used to finance or refinance capital expenditures for a stadium or arena used for professional sports exhibitions, games, or training).

Bill· HRH.R. 1034 (118th)referred

Territorial Tax Equity and Economic Growth Act of 2023

United States · United States Congress · 14 February 2023

Territorial Tax Equity and Economic Growth Act of 2023 This bill modifies the residence and income source rules that apply with respect to the taxation of income from U.S. possessions (i.e., Guam, American Samoa, the Northern Mariana Islands, Puerto Rico, and the Virgin Islands). The bill specifies that a bona fide resident of a possession must have a substantial presence in the possession for at least 122 days during the year. Under current law, the person must be present for at least 183 days during the year. Under current law, income is not possession source income if it is treated as (1) income from sources within the United States, or (2) as effectively connected with the conduct of a trade or business within the United States. The bill amends this rule to specify that it applies only to the extent that the income is attributable to an office or fixed place of business within the United States, specify principles that must be used to determine whether income from sources without a possession is effectively connected with the conduct of a trade or business within the possession, and prohibit income from activities within the United States which are of a preparatory or auxiliary character from being treated as income from sources within the United States or as effectively connected with the conduct of a trade or business within the United States. The bill also modifies the income source rules that apply to certain personal property sales in the Virgin Islands.

Bill· HRH.R. 1036 (118th)referred

Territorial Tax Parity Act of 2023

United States · United States Congress · 14 February 2023

Territorial Tax Parity Act of 2023 This bill modifies the income source rules involving U.S. possessions, including Guam, American Samoa, the Northern Mariana Islands, Puerto Rico, and the Virgin Islands. Under current law, income is not considered to be possession source income if it is treated as income (1) from sources within the United States, or (2) effectively connected with the conduct of a trade or business within the United States. The bill amends this rule to specify that it applies to the extent that the income is attributable to an office or fixed place of business within the United States. The bill also modifies the income source rules that apply to certain personal property sales in the Virgin Islands.

Bill· HRH.R. 1037 (118th)referred

Territorial Tax Parity and Clarification Act

United States · United States Congress · 14 February 2023

Territorial Tax Parity and Clarification Act This bill modifies the income source rules that apply with respect to the taxation of capital gains from certain personal property sales in the U.S. Virgin Islands (USVI). Specifically, the bill requires capital gains income earned by a USVI resident to be considered USVI source income regardless of the tax rate imposed by the USVI government. (Under current law, a similar rule applies to other U.S. territories, including Guam, American Samoa, the Northern Mariana Islands, and Puerto Rico.)

Bill· HRH.R. 1052 (118th)referred

Uplifting First-Time Homebuyers Act of 2023

United States · United States Congress · 14 February 2023

Uplifting First-Time Homebuyers Act of 2023 This bill increases from $10,000 to $30,000 the maximum distribution amount from a tax-exempt pension plan allowed for a first-time home purchase without incurring a penalty.

Bill· HRH.R. 1040 (118th)referred

Flat Tax Act

United States · United States Congress · 14 February 2023

Flat Tax Act This bill authorizes an individual or a person engaged in business activity to make an irrevocable election to be subject to a flat tax (in lieu of the existing income tax provisions) of 19% for the first two years after an election is made, and 17% thereafter. The bill calculates taxable income for individual taxpayers by subtracting a basic standard deduction and an additional standard deduction for each dependent from the total of wages, retirement distributions, and unemployment compensation. Business taxable income is gross active income reduced by certain deductions for the cost of business inputs, wages, and retirement contributions. The bill imposes an employer tax on the value of excludable compensation provided to employees not engaged in business activity of 19% for the first two years after an election is made under this bill, and 17% thereafter. The bill also repeals the estate, gift, and generation-skipping transfer taxes. A two-thirds vote of the House of Representatives and the Senate is required to increase the flat tax rate proposed by this bill or to reduce the amount of the standard deduction or business-related deductions allowed by this bill.

Bill· HRH.R. 1014 (118th)referred

Big Oil Windfall Profits Tax Act

United States · United States Congress · 14 February 2023

Big Oil Windfall Profits Tax Act This bill imposes an excise tax on the windfall profits of crude oil on taxpayers who extracted and imported more than 300,000 barrels (a barrel equals 42 U.S. gallons) of taxable crude oil (i.e., crude oil, crude oil condensates, and natural gasoline) in 2019, or who extracted and imported that amount in the current calendar quarter. The bill requires rebates of the tax collected to be paid to individual taxpayers. The bill establishes the Protect Consumers from Gas Hikes Fund to finance such rebates.

Bill· HRH.R. 1041 (118th)referred

American Opportunity Accounts Act

United States · United States Congress · 14 February 2023

American Opportunity Accounts Act This bill establishes tax-exempt American Opportunity Accounts to provide children at birth with a $1,000 savings account with annual contributions up to $2,000 depending on family income. The accounts are available to children at age 18 for specified purposes, including educational expenses, home ownership, and investment that provides long-term returns.

Bill· HRH.R. 1044 (118th)referred

Maritime Fuel Tax Parity Act

United States · United States Congress · 14 February 2023

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.

Bill· SS. 423 (118th)referred

Easy Enrollment in Health Care Act

United States · United States Congress · 14 February 2023

Easy Enrollment in Health Care Act This bill revises the procedures related to enrollment in health insurance affordability programs, including Medicaid, the Children's Health Insurance Program (CHIP), and state-operated Basic Health Programs. The bill provides funding to support the changes. Specifically, the bill permits individuals who do not have minimum essential coverage to, in conjunction with filing their tax return, determine whether any members of their household are eligible for an insurance affordability program and enroll in minimum essential coverage. The bill makes individuals eligible for Medicaid or CHIP based on a prior finding of eligibility for the Temporary Assistance for Needy Families program or the Supplemental Nutrition Assistance Program. Additionally, the bill provides access to certain information to support enrollment in insurance affordability programs.

Bill· SS. 398 (118th)referred

A bill 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 · 14 February 2023

This bill prohibits the Internal Revenue Service from using the additional funding for enforcement activities provided by the Inflation Reduction Act of 2022 to conduct audits of taxpayers with taxable incomes below $400,000.

Bill· SS. 401 (118th)referred

Hearing Protection Act

United States · United States Congress · 14 February 2023

Hearing Protection Act This bill removes silencers from the definition of firearms for purposes of the National Firearms Act. It also treats persons acquiring or possessing a firearm silencer as meeting any registration and licensing requirements of such Act. The Department of Justice must destroy certain records relating to the registration, transfer, or making of a silencer. The bill also revises the definitions of firearm silencer and firearm muffler under the federal criminal code and includes such items in the 10% excise tax category.

Bill· SS. 408 (118th)referred

Big Oil Windfall Profits Tax Act

United States · United States Congress · 14 February 2023

Big Oil Windfall Profits Tax Act This bill imposes an excise tax on the windfall profits of crude oil on taxpayers who extracted and imported more than 300,000 barrels (a barrel equals 42 U.S. gallons) of taxable crude oil (i.e., crude oil, crude oil condensates, and natural gasoline) in 2019, or who extracted and imported that amount in the current calendar quarter. The bill requires rebates of the tax collected to be paid to individual taxpayers. The bill establishes the Protect Consumers from Gas Hikes Fund to finance such rebates.

Bill· SS. 413 (118th)referred

Stock Buyback Accountability Act of 2023

United States · United States Congress · 14 February 2023

Stock Buyback Accountability Act of 2023 This bill increases from 1% to 4% the rate of the excise tax on the repurchase of corporate stock.

Bill· SS. 392 (118th)referred

No Tax Subsidies for Stadiums Act of 2023

United States · United States Congress · 13 February 2023

No Tax Subsidies for Stadiums Act of 2023 This bill denies an exclusion from tax of the interest on professional stadium bonds (i.e., bonds used to finance or refinance capital expenditures for a stadium or arena used for professional sports exhibitions, games, or training).

Bill· SS. 393 (118th)referred

Social Security Expansion Act

United States · United States Congress · 13 February 2023

Social Security Expansion Act This bill increases benefits and certain taxes related to the Social Security program. Changes to benefits include (1) increasing the primary insurance amount for certain beneficiaries; (2) revising the method of calculating cost-of-living adjustments; (3) establishing a new minimum benefit for certain low earners; and (4) allowing certain children of retired, deceased, or disabled workers to receive benefits until age 22 if they are a full-time student. Changes to taxes include (1) increasing the net investment income tax and making active trade or business income subject to this tax; and (2) extending payroll taxes on wages, salaries, and self-employment earnings to income above $250,000 (the maximum amount subject to the Social Security payroll tax is currently $160,200 for 2023). The bill also combines the existing Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund into a single Social Security Trust Fund.

Bill· HRH.R. 976 (118th)referred

TCJA Permanency Act

United States · United States Congress · 10 February 2023

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 2024 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.

Bill· HRH.R. 957 (118th)referred

Public Safety Retirees Healthcare Protection Act of 2023

United States · United States Congress · 9 February 2023

Public Safety Retirees Healthcare Protection Act of 2023 This bill amends the Internal Revenue Code to increase from $3,000 to $6,000 the amount excludible from the gross income of public safety officers for distributions from governmental retirement plans for health and long-term care insurance.

Bill· HRH.R. 885 (118th)referred

TRACK Act of 2023

United States · United States Congress · 9 February 2023

Taxpayer Research and Contributions Knowledge Act of 2023 or the TRACK Act of 2023 This bill requires the Department of Health and Human Services (HHS) to work with other federal entities to compile a public database of federal contracts, tax benefits, and other support for biomedical research and development. HHS must develop the database within one month and update it every two weeks. The bill sets out elements that must be in the database, including (1) the agency or other federal entity providing the support, (2) the entity receiving the support, (3) an itemized accounting of the support provided, (4) any associated clinical trial data, and (5) any medical products that were developed using the support and that are being brought to market.

Bill· HRH.R. 907 (118th)referred

Protecting Community Television Act

United States · United States Congress · 9 February 2023

Protecting Community Television Act This bill limits the scope of the franchise fee paid by cable operators to encompass only a tax, fee, or other monetary assessment. (This fee is charged by a state or local authority for a franchise that a cable operator must obtain in order to provide its services in a particular area.) Historically, the franchise fee, which is capped at 5% of the franchise holder's gross revenues from providing cable services, did not include certain in-kind contributions and other costs, including some costs that support public, educational, and governmental (PEG) access channels. However, under a rule adopted on August 1, 2019, the Federal Communications Commission included most cable-related in-kind contributions and costs for PEG channels (except for certain capital costs) paid by new entrants and incumbent cable operators as part of the franchise fee, and therefore subject to the cap. This bill excludes those contributions and costs from the cap.

Bill· HRH.R. 963 (118th)referred

FARM Act of 2023

United States · United States Congress · 9 February 2023

Future Agriculture Retention and Management Act of 2023 or FARM Act of 2023 This bill makes solar and wind electricity ineligible for certain renewable energy tax credits if the electricity was generated by facilities that a public utility placed on agricultural land.

Bill· HRH.R. 936 (118th)referred

Tanning Tax Repeal Act of 2023

United States · United States Congress · 9 February 2023

Tanning Tax Repeal Act of 2023 This bill repeals the excise tax on indoor tanning services.

Bill· HRH.R. 889 (118th)referred

Broadband Grant Tax Treatment Act

United States · United States Congress · 9 February 2023

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

Bill· HRH.R. 884 (118th)referred

No Tax Breaks for Outsourcing Act

United States · United States Congress · 9 February 2023

No Tax Breaks for Outsourcing Act This bill modifies the tax treatment of the foreign source income of domestic corporations. The bill includes provisions that modify calculations of the gross income of U.S. shareholders to include net controlled foreign corporation (CFC) tested income in the current taxable year; apply limitations on the foreign tax credit on a country-by-country basis; limit the tax deduction for the interest expense of a U.S. corporation that is a member of an international financial reporting group (i.e., a group that prepares consolidated financial statements according to generally accepted accounting principles or international financial reporting standards); modify the rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States); and treat certain foreign corporations managed and controlled primarily in the United States as domestic corporations for tax purposes.

Bill· HRH.R. 888 (118th)referred

IRS Funding Accountability Act

United States · United States Congress · 9 February 2023

IRS Funding Accountability Act This bill delays for a 60-day period funding for the Internal Revenue Service (IRS) enforcement activities enacted by the Inflation Reduction Act of 2022 (except for eliminating return processing backlogs and reducing call wait times) until an annual spending plan for such activities is submitted to the congressional tax and appropriation committees. Congress may enact a joint resolution of disapproval of the spending plan before the end of the 60-day period requiring the IRS to submit a new spending plan. The IRS and the Department of the Treasury must make quarterly reports to the committees on expenditures for enforcement activities. The bill requires reductions in IRS appropriations for any failure to submit required reports.

Bill· HRH.R. 908 (118th)referred

Presidential Tax Transparency Act

United States · United States Congress · 9 February 2023

Presidential Tax Transparency Act This bill requires the President, the Vice President, and certain candidates for President and Vice President to disclose federal income tax returns for the ten most recent taxable years. The returns must be disclosed to the Federal Election Commission (FEC), which must make the returns publicly available after redacting information that is necessary for protecting against identity theft, such as Social Security numbers. If the tax returns are not disclosed to the FEC as required by this bill, the Internal Revenue Service must provide the returns to the FEC upon receiving a written request from the FEC.

Bill· HRH.R. 947 (118th)referred

Bring Entrepreneurial Advancements To Consumers Here In North America Act

United States · United States Congress · 9 February 2023

Bring Entrepreneurial Advancements To Consumers Here In North America Act This bill provides tax incentives for relocating manufacturing facilities in the United States. Specifically, it allows accelerated depreciation (20-year recovery period) for nonresidential real property acquired in connection with the relocation of manufacturing facilities in the United States. It also excludes from gross income, for income tax purposes, gain on the sale or exchange of such relocated facilities. Finally, the bill allows permanent 100% expensing of manufacturing property relocated in the United States.

Bill· SS. 327 (118th)referred

A bill to make 5 percent across-the-board rescissions in non-defense, non-homeland-security, and non-veterans-affairs discretionary spending for each of fiscal years 2024 and 2025.

United States · United States Congress · 9 February 2023

This bill requires 5% across-the-board rescissions to FY2024 and FY2025 appropriations provided for any non-defense, non-homeland-security, and non-veterans-affairs discretionary account by any appropriations act. For the purpose of this bill, a non-defense, non-homeland-security, and non-veterans-affairs discretionary account is a discretionary spending account other than any account included in a Department of Defense Appropriations Act; included in a Department of Homeland Security Appropriations Act; of the Department of Defense or the Department of Veterans Affairs included in a Military Construction, Veterans Affairs, and Related Agencies Appropriations Act; or for Department of Energy defense activities included in an Energy and Water Development and Related Agencies Appropriations Act.

Bill· SS. 314 (118th)referred

CREATE JOBS Act

United States · United States Congress · 9 February 2023

Cost Recovery and Expensing Acceleration to Transform the Economy and Jumpstart Opportunities for Businesses and Startups Act or the CREATE JOBS Act This bill allows permanent expensing of qualified property (i.e., property with a recovery period of 20 years or less and that is computer software, water utility property, or film, television, or live theatrical production property). It also modifies depreciation provisions for residential rental property and nonresidential real property. The bill repeals provisions for the amortization of research and experimental expenditures, thus providing for direct expensing of such expenditures.

Bill· SS. 330 (118th)referred

A bill to make 2 percent across-the-board rescissions in non-defense, non-homeland-security, and non-veterans-affairs discretionary spending for each of fiscal years 2024 and 2025.

United States · United States Congress · 9 February 2023

This bill requires 2% across-the-board rescissions to FY2024 and FY2025 appropriations provided for any non-defense, non-homeland-security, and non-veterans-affairs discretionary account by any appropriations act. For the purpose of this bill, a non-defense, non-homeland-security, and non-veterans-affairs discretionary account is a discretionary spending account other than any account included in a Department of Defense Appropriations Act; included in a Department of Homeland Security Appropriations Act; of the Department of Defense or the Department of Veterans Affairs included in a Military Construction, Veterans Affairs, and Related Agencies Appropriations Act; or for Department of Energy defense activities included in an Energy and Water Development and Related Agencies Appropriations Act.

Bill· SS. 331 (118th)referred

A bill to make 1 percent across-the-board rescissions in non-defense, non-homeland-security, and non-veterans-affairs discretionary spending for each of fiscal years 2024 and 2025.

United States · United States Congress · 9 February 2023

This bill requires 1% across-the-board rescissions to FY2024 and FY2025 appropriations provided for any non-defense, non-homeland-security, and non-veterans-affairs discretionary account by any appropriations act. For the purpose of this bill, a non-defense, non-homeland-security, and non-veterans-affairs discretionary account is a discretionary spending account other than any account included in a Department of Defense Appropriations Act; included in a Department of Homeland Security Appropriations Act; of the Department of Defense or the Department of Veterans Affairs included in a Military Construction, Veterans Affairs, and Related Agencies Appropriations Act; or for Department of Energy defense activities included in an Energy and Water Development and Related Agencies Appropriations Act.

Bill· SS. 357 (118th)referred

No Tax Breaks for Outsourcing Act

United States · United States Congress · 9 February 2023

No Tax Breaks for Outsourcing Act This bill modifies the tax treatment of the foreign source income of domestic corporations. The bill includes provisions that modify calculations of the gross income of U.S. shareholders to include net controlled foreign corporation (CFC) tested income in the current taxable year; apply limitations on the foreign tax credit on a country-by-country basis; limit the tax deduction for the interest expense of a U.S. corporation that is a member of an international financial reporting group (i.e., a group that prepares consolidated financial statements according to generally accepted accounting principles or international financial reporting standards); modify the rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States); and treat certain foreign corporations managed and controlled primarily in the United States as domestic corporations for tax purposes.

Bill· SS. 332 (118th)referred

WALL Act of 2023

United States · United States Congress · 9 February 2023

WALL Act of 2023 This bill appropriates $25 billion for the construction of a wall on the U.S.-Mexico border and addresses other issues related to immigration. As offsets to this spending, the bill restricts the child tax credit, earned income credits, and lifetime learning credits to those with Social Security numbers and not prohibited from employment in the United States. Also, individuals who file taxes using an individual taxpayer identification number (ITIN) instead of a Social Security number must pay a fee ($300 for each individual on the tax return using an ITIN). The bill restricts eligibility for certain federally-funded benefits, including unemployment compensation, supplemental nutrition assistance, and housing benefits, to those eligible to work in the United States. Agencies administering such benefits must use the E-Verify program to confirm the eligibility of applicants for such benefits. This bill also sets fines for non-U.S. nationals ( aliens under federal law) who improperly enter the United States or overstay their visas.

Bill· SJRESS.J.Res. 13 (118th)referred

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

United States · United States Congress · 9 February 2023

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

Bill· SS. 340 (118th)referred

Protecting Community Television Act

United States · United States Congress · 9 February 2023

Protecting Community Television Act This bill limits the scope of the franchise fee paid by cable operators to encompass only a tax, fee, or other monetary assessment. (This fee is charged by a state or local authority for a franchise that a cable operator must obtain in order to provide its services in a particular area.) Historically, the franchise fee, which is capped at 5% of the franchise holder's gross revenues from providing cable services, did not include certain in-kind contributions and other costs, including some costs that support public, educational, and governmental (PEG) access channels. However, under a rule adopted on August 1, 2019, the Federal Communications Commission included most cable-related in-kind contributions and costs for PEG channels (except for certain capital costs) paid by new entrants and incumbent cable operators as part of the franchise fee, and therefore subject to the cap. This bill excludes those contributions and costs from the cap.

Bill· SS. 315 (118th)referred

TRACK Act of 2023

United States · United States Congress · 9 February 2023

Taxpayer Research and Contributions Knowledge Act of 2023 or the TRACK Act of 2023 This bill requires the Department of Health and Human Services (HHS) to work with other federal entities to compile a public database of federal contracts, tax benefits, and other support for biomedical research and development. HHS must develop the database within one month and update it every two weeks. The bill sets out elements that must be in the database, including (1) the agency or other federal entity providing the support, (2) the entity receiving the support, (3) an itemized accounting of the support provided, (4) any associated clinical trial data, and (5) any medical products that were developed using the support and that are being brought to market.

Bill· SS. 341 (118th)referred

Broadband Grant Tax Treatment Act

United States · United States Congress · 9 February 2023

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

Bill· SS. 338 (118th)referred

IRS Funding Accountability Act

United States · United States Congress · 9 February 2023

IRS Funding Accountability Act This bill delays for a 60-day period funding for the Internal Revenue Service (IRS) enforcement activities enacted by the Inflation Reduction Act of 2022 (except for eliminating return processing backlogs and reducing call wait times) until an annual spending plan for such activities is submitted to the congressional tax and appropriation committees. Congress may enact a joint resolution of disapproval of the spending plan before the end of the 60-day period requiring the IRS to submit a new spending plan. The IRS and the Department of the Treasury must make quarterly reports to the committees on expenditures for enforcement activities. The bill requires reductions in IRS appropriations for any failure to submit required reports.

Bill· HRH.R. 873 (118th)referred

Water Quality and Environmental Innovation Act

United States · United States Congress · 8 February 2023

Water Quality and Environmental Innovation Act This bill establishes and transfers funds to the Water Quality and Environmental Innovation Fund. Until September 30, 2028, the Environmental Protection Agency (EPA) may use the fund to award grants and contracts to carry out projects (1) that use emerging technologies (e.g., artificial intelligence or quantum information science) to address threats to water quality; or (2) for the research, development, or design of such technologies. Threats to water quality that may be addressed under a project carried out using a grant or contract may include acidification; the accumulation of plastics, trash, and microplastics; hydrologic alterations, such as restricting tidal flow; nutrient release and eutrophication, including harmful algal blooms; sea-level rise; waste carbon dioxide accumulations; adverse soil health conditions; erosion and sedimentation; and karst, sinkholes, and land subsidence. At the start of each fiscal year from FY2024 through FY2028, an amount of funding must be transferred to the fund that is equal to the amount that the EPA determines will be collected in such fiscal year from fees and charges under the Motor Vehicle and Engine Compliance Program of the EPA.

Bill· HRH.R. 877 (118th)referred

Preventing Improper Payments Act

United States · United States Congress · 8 February 2023

Preventing Improper Payments Act This bill designates any program or activity making more than $100 million in payments in a fiscal year as susceptible to significant improper payments. Under current law, programs designated as susceptible to significant improper payments are subject to additional assessments and reporting requirements. The bill requires each agency to submit to Congress, as part of the annual financial report of the agency, a report on implementing financial and administrative controls and certain other practices with respect to fraud risk; identifying risks and vulnerabilities to fraud; and establishing strategies, procedures, and other steps to curb fraud.

Bill· SS. 299 (118th)open

Government Shutdown Prevention Act of 2023

United States · United States Congress · 7 February 2023

Government Shutdown Prevention Act of 2023 This bill 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 and continuing appropriations are not in effect. For an initial 90-day period, the bill provides continuing appropriations at 99% of the rate for the preceding year to continue programs, projects, and activities for which funds were provided in the preceding fiscal year. The bill reduces the continuing appropriations by 1% after the first 90-day period and by an additional 1% for each subsequent 90-day period until the applicable appropriations legislation is enacted.

Bill· SS. 290 (118th)referred

Preserving Our Commitment to Homeless Veterans Act

United States · United States Congress · 7 February 2023

Preserving Our Commitment to Homeless Veterans Act This bill requires the Department of Veterans Affairs (VA) to provide case management support to local housing authorities under the VA-supported housing program. The program assists veterans who are homeless and their families in finding and sustaining permanent housing. The VA must ensure that no case manager is concurrently assigned to more than 35 veterans in each fiscal year, but may waive the requirement for a particular case manager in a particular fiscal year if it determines such a waiver is appropriate. The VA must also ensure that each veteran to whom a case manager is assigned is located within a reasonable distance of the case manager. If a case manager position within the Veterans Health Administration is vacant for a period of 180 days or more, the VA must seek to enter a contract with a qualified local service provider to furnish case management services until the position is filled.

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