Taxation

First-Time Homebuyer Credit Act of 2018

United States · United States Congress · 22 August 2018

First-Time Homebuyer Credit Act of 2018 This bill amends the Internal Revenue Code to extend and modify the first-time homebuyer tax credit, which expired in 2010. The bill allows a refundable tax credit for first-time homebuyers of a principal residence in the United States who are at least 18 years of age and not claimed as a dependent by another taxpayer. The credit is equal to 2.5% of the purchase price of the residence, subject to a $10,000 limitation and limits based on the purchase price of the home and the adjusted gross income of the taxpayer. A taxpayer that purchases and disposes of a residence in the same taxable year is not eligible for the credit. Taxpayers that dispose of the residence within five years of claiming the credit are liable for additional taxes based on a specified recapture percentage of the amount of the credit that was allowed. The bill includes several exceptions for a disposal that occurs after circumstances such as a death, divorce, involuntary conversion of the residence, relocation of a military duty station, or changes in employment or health status.

Amending the Rules of the House of Representatives to prohibit with limited exceptions the participation of any Member, Delegate, Resident Commissioner, officer, or employee of the House on the board of any publicly held or publicly regulated corporation, financial institution, or business entity.

United States · United States Congress · 21 August 2018

Amends Rule XXV (Limitations on Outside Earned Income and Acceptance of Gifts) of the Rules of the House of Representatives to prohibit a Member, Delegate, Resident Commissioner, officer, or employee of the House from serving as an officer or member of the board of any publicly held or publicly regulated corporation, financial institution, or business entity. Specifies that this prohibition shall not apply, however, to uncompensated service as an officer or member of the board of an organization that is either tax-exempt or principally available to Members or employees of the House.

Fair Trade with China Enforcement Act

United States · United States Congress · 21 August 2018

Fair Trade with China Enforcement Act This bill revises trade, finance, and tax provisions with respect to China. The bill directs the Department of Commerce to prohibit the export of certain U.S. technology and intellectual property to China. The bill amends the Securities Exchange Act of 1934 to place a shareholder cap on Chinese investments in certain U.S. corporations. Federal agencies are prohibited from using or procuring telecommunications equipment or services from Huawei Technologies Company, ZTE Corporation, or any other entity reasonably believed to be owned or controlled by China. The bill amends the Trade Act of 1974 to require the U.S. Trade Representative to list certain Chinese products that receive support pursuant to China's Made in China 2025 policy. The bill amends the Tariff Act of 1930 to expedite the countervailing duty process (i.e., the imposition of duties to offset a subsidy by a foreign government) for products on such a list. The bill amends the Internal Revenue Code to: (1) repeal certain reduced withholding rates for residents of China, and (2) tax income received by China from certain U.S. investments.

Sustainable Water Infrastructure Investment Act of 2018

United States · United States Congress · 21 August 2018

Sustainable Water Infrastructure Investment Act of 201 8 This bill amends the Internal Revenue Code to exempt tax-exempt facility bonds for sewage and water supply facilities from the state volume caps on private activity bonds.

Student Empowerment Act

United States · United States Congress · 17 August 2018

Student Empowerment Act This bill amends the Internal Revenue Code to allow tax-exempt distributions from qualified tuition programs (known as 529 plans) to be used for additional educational expenses in connection with enrollment or attendance at an elementary or secondary school. (Under current law, distributions in connection with an elementary or secondary school are limited to tuition for a public, private, or religious school.) The bill allows the distributions to be used for additional educational expenses, including: curriculum and curricular materials, books or other instructional materials, online educational materials, tutoring or educational classes outside the home, testing fees, fees for dual enrollment in an institution of higher education, and educational therapies for students with disabilities. Distributions may also be used for the purposes above in connection with a homeschool (whether treated as a homeschool or a private school under state law).

Rent Relief Act of 2018

United States · United States Congress · 14 August 2018

Rent Relief Act of 2018 This bill amends the Internal Revenue Code to allow a refundable tax credit for individuals who pay rent for a principal residence that exceeds 30% of the individual's gross income for the taxable year. The amount of the credit ranges from 25% to 100% of the excess rent, depending on the gross income of the taxpayer. The credit is not available for taxpayers with gross income that exceeds $100,000 ($125,000 for a taxpayer whose principal residence is located in a high-cost area, as defined by the bill). Rent that exceeds 150% of the fair market rent (including the utility allowance) for the residence may not be taken into account for the purpose of determining the amount of the credit. For individuals who reside in government-subsidized housing, the bill allows a credit equal to 1/12 of the rent paid by the taxpayer (and not subsidized under the program) during the year with respect to the residence.

Charitable Equity for Veterans Act of 2018

United States · United States Congress · 10 August 2018

Charitable Equity for Veterans Act of 2018 This bill amends the Internal Revenue Code to allow a tax deduction for charitable contributions to certain federally chartered organizations of past or present members of the Armed Forces. (Under current law, donations to such an organization are only deductible if at least 90% of the organization's membership consists of war veterans. The bill expands the deduction to include organizations that do not meet the wartime service requirement and are federally chartered.)

Offending Oil Polluters Act

United States · United States Congress · 7 August 2018

Offending Oil Polluters Act This bill amends the Internal Revenue Code to deny certain tax credits or deductions to an offending oil polluter. The bill defines "offending oil polluter" as any person who is responsible for a vessel or facility from which oil or a hazardous substance is discharged and any person who is a member of the same expanded affiliated group as the offending oil polluter. Specifically, the bill denies a deduction or a credit for any amount paid or incurred: in connection with a discharge of oil or a hazardous substance, for attorney fees and court costs in connection with any legal action involving such discharge, as a payment or restitution related to such discharge, and for costs or penalties certified in a settlement by a federal court or required by federal law or regulations. The Department of the Treasury must report to Congress regarding: (1) the revenue loss as a result of tax deductions allowed for cleaning up oil that is discharged after April 19, 2010, and (2) the amount of revenue savings resulting from this bill.

Don't Break Up the T-Band Act of 2018

United States · United States Congress · 1 August 2018

Don't Break Up the T-Band Act of 2018 This bill repeals the provision of the Middle Class Tax Relief and Job Creation Act of 2012 that directs the Federal Communications Commission to reallocate and auction the 470-512 MHz band (referred to as the "T-Band spectrum").

Housing, Opportunity, Mobility, and Equity Act of 2018

United States · United States Congress · 1 August 2018

Housing, Opportunity, Mobility, and Equity Act of 2018 This bill (1) requires a recipient of a Community Development Block Grant to develop strategies to support new, inclusive zoning policies and programs; (2) establishes a tax credit based on the rental costs of an eligible individual; and (3) establishes a savings program to allow a taxpayer to defer payment on a portion of the amount that would otherwise be refunded to the taxpayer as overpayment.

Protecting Access to the Courts for Taxpayers Act

United States · United States Congress · 1 August 2018

Protecting Access to the Courts for Taxpayers Act This bill amends the federal judicial code to authorize a U.S. district court, a U.S. court of appeals, the U.S. Court of Federal Claims, or the Court of International Trade to transfer to the U.S. Tax Court a misfiled case within the Tax Court's jurisdiction.

LIFT for Charities Act

United States · United States Congress · 1 August 2018

Lessen Impediments From Taxes for Charities Act or the LIFT for Charities Act This bill amends the Internal Revenue Code to modify the requirements for determining the unrelated business taxable income of tax-exempt organizations. The bill repeals a provision that requires unrelated business taxable income to be increased by the amount of expenses paid or incurred by a tax-exempt organization for certain fringe benefits for which a tax deduction is not allowed, including benefits relating to transportation, parking, or an on-premises athletic facility.

Tax Fairness for Disabled Workers Act

United States · United States Congress · 1 August 2018

Tax Fairness for Disabled Workers Act This bill amends the Internal Revenue Code to prohibit certain lump-sum payments of Social Security Disability Insurance (SSDI) benefits from being included as income to determine if a taxpayer meets the income requirements for the premium assistance tax credit. The bill applies to lump-sum SSDI payments that are: (1) received during the taxable year, and (2) attributable to prior taxable years. (The premium assistance tax credit is provided to eligible individuals and families to subsidize the purchase of health insurance plans on an exchange established under the Patient Protection and Affordable Care Act.)

American Cars, American Jobs Act of 2018

United States · United States Congress · 1 August 2018

American Cars, American Jobs Act of 2018 This bill establishes in the National Highway Traffic Safety Administration the American Cars, American Jobs Program. Under the program, the Department of Transportation must issue vouchers of $3,500 to offset the purchase or lease price of a new automobile made in the United States if at least 45% of the automobile's parts come from the United States or Canada and assembly of the automobile occurs in the United States. The bill amends the Internal Revenue Code to disallow a tax deduction for the global low-tax income of certain foreign subsidiaries of U.S. automakers whose profits exceed a specified percentage of their value.

Protect Charities and Houses of Worship Act

United States · United States Congress · 1 August 2018

Protect Charities and Houses of Worship Act This bill amends the Internal Revenue Code to modify the requirements for determining the unrelated business taxable income of tax-exempt organizations. The bill repeals provisions that: (1) require organizations with more than one unrelated trade or business to compute unrelated business taxable income separately for each trade or business; and (2) increase unrelated business taxable income by the amount of expenses paid or incurred by an organization for certain fringe benefits for which a tax deduction is not allowed, including benefits relating to transportation, parking, or an on-premises athletic facility.

RAISE Act of 2018

United States · United States Congress · 31 July 2018

Rewarding American Investments to Support Employees Act of 2018 or the RAISE Act of 2018 This bill allows employers a tax credit for a portion of the raises given to certain employees who earn $75,000 or less per year. The credit is equal to 10% of the increase in wages compared to the previous year and may not exceed $500,000 per year. The limitations on the amount of the credit and employee earnings must be adjusted for inflation after 2018.

COMMERCE, JUSTICE, SCIENCE, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2019

United States · United States Senate · 26 July 2018

Protecting Taxpayers Act

United States · United States Congress · 26 July 2018

Protecting Taxpayers Act This bill modifies the organizational structure, management practices, and enforcement procedures of the Internal Revenue Service (IRS). The bill modifies policies regarding: the IRS Oversight Board, employee training procedures, tax enforcement procedures, various tax requirements that affect small businesses, the correction of errors by retirement plan administrators, programs that assist low-income taxpayers, the IRS appeals process for taxpayers, and information technology.

FILE Act

United States · United States Congress · 26 July 2018

Funds In Legal Evaluation Act of 2018 or the FILE Act This bill prohibits an entity from receiving a federal family planning grant unless the Department of Health and Human Services determines that the entity did not, during the previous two fiscal years, use any such funds for abortions.

Rural Jobs Act

United States · United States Congress · 26 July 2018

Rural Jobs Act This bill amends the Internal Revenue Code to allow additional new markets tax credits for investments in the Rural Jobs Zone. The "Rural Jobs Zone" is the area comprised of low-income communities that do not include: (1) a city or town with a population that exceeds 50,000, or (2) any urbanized area contiguous and adjacent to such a city or town. At least 25% of the investments made pursuant to the tax credits allocated by this bill must be in persistent poverty counties, high migration rural counties, or both.

Everyday Philanthropist Act

United States · United States Congress · 26 July 2018

Everyday Philanthropist Act This bill allows employers to offer certain employees a tax-advantaged flexible giving account as a fringe benefit. Flexible giving accounts allow employees to set aside up to $5,000 of their annual pretax earnings to make tax-deductible charitable contributions without having to itemize tax deductions.

Carbon Reduction and Tax Credit Act

United States · United States Congress · 26 July 2018

Carbon Reduction and Tax Credit Act This bill amends the Internal Revenue Code to impose an excise tax based on the carbon content of fuel. The tax is equal to $40 per ton of carbon contained in fuel: (1) produced at a coal mine or an oil or gas well located in the United States; or (2) entered into the United States for consumption, use, or warehousing. The bill requires the tax rate to be adjusted for inflation. The bill also allows a refundable tax credit of up to $1,000 for each individual taxpayer and each dependent of the taxpayer. The credit must be reduced by a specified amount if the taxpayer's adjusted gross income exceeds $314,000 ($157,000 in the case of a return other than a joint return). The bill requires the dollar amounts for the credit to be adjusted for inflation and specifies that nonresident aliens are ineligible for the credit.

To amend the Internal Revenue Code of 1986 to allow deductions for amounts contributed to a health savings account by individuals enrolled in qualified health plans.

United States · United States Congress · 26 July 2018

This bill amends the Internal Revenue Code to modify the type of health insurance that is required for an individual to be eligible for a health savings account (HSA). The bill changes the required insurance from a high deductible health plan to a qualified health plan offered through an exchange established under the Patient Protection and Affordable Care Act.

Emerging Business Encouragement Act of 2018

United States · United States Congress · 26 July 2018

Emerging Business Encouragement Act of 2018 This bill directs the Small Business Administration (SBA) to establish criteria and procedures for small businesses to be designated as emerging business enterprises. The bill provides for various benefits to such enterprises, such as by authorizing the SBA to waive various loan fees, and requires federal agencies to award at least 3% of contracts in each fiscal year to such enterprises.

Restoring Tax Credits for Affordable Housing Act

United States · United States Congress · 26 July 2018

Restoring Tax Credits for Affordable Housing Act This bill amends the Internal Revenue Code, with respect to the low-income housing credit, to increase: (1) the state housing credit ceiling used to allocate credits to states, and (2) the credit percentage.

Spotlight Act

United States · United States Congress · 26 July 2018

Spotlight Act This bill repeals an Internal Revenue Service (IRS) revenue procedure (Rev. Proc. 2018-38) that exempts certain tax-exempt organizations that are not 501(c)(3) organizations from the requirement to report the names and addresses of substantial contributors (persons who contribute more than $5,000 per year) on information returns that are filed with the IRS. The bill requires tax-exempt organizations that fall under sections 501(c)(4), 501(c)(5), and 501(c)(6) of the Internal Revenue Code (e.g., social welfare organizations, labor organizations, business leagues) to disclose the names and addresses of all substantial contributors on their returns. The information must also be made available to the public. The bill also eliminates the authority of the IRS to provide exceptions to the disclosure requirements for tax-exempt organizations. This provision does not apply to determinations made by the IRS before July 16, 2018.

Restore Our Parks and Public Lands Act

United States · United States Congress · 25 July 2018

Restore Our Parks and Public Lands Act This bill establishes the National Park Service and Public Lands Legacy Restoration Fund and requires 50% of all energy development revenues for FY2019-FY2023 to be deposited into such fund. Amounts deposited in the fund must not exceed $1.3 billion for any fiscal year and must be used for meeting high-priority deferred maintenance needs of the National Park Service.

Providing for consideration of the conference report to accompany the bill (H.R. 5515) to authorize appropriations for fiscal year 2019 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes.

United States · United States Congress · 25 July 2018

Sets forth the rule for consideration of the conference report to accompany the bill (H.R. 5515) to authorize appropriations for fiscal year 2019 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year.

RURAL Act

United States · United States Congress · 25 July 2018

Restructuring Underutilized Resources for Advancing Learning Act or the RURAL Act This bill amends the Internal Revenue Code to allow a refundable tax credit of: (1) $1,000 for teachers in schools in rural or high-poverty areas; (2) $2,000 for such teachers who are certified by the National Board for Professional Teaching Standards; or (3) $2,000 for eligible school administrators in rural schools. This bill also amends the Department of Education Organization Act to establish the Office of Rural Education Policy to, among other activities: (1) advise the Department of Education (ED) on matters related to the characteristics and needs of rural schools; (2) establish and maintain a clearinghouse for information related to rural schools; and (3) provide technical assistance to support activities related to improving education in rural areas. ED must prepare, and make publicly available, impact analyses of rules and regulations significantly affecting rural schools. In addition, the bill amends the Consolidated Farm and Rural Development Act to establish and authorize through FY2023 a competitive grant program for eligible entities to establish, expand, or improve expanded learning time and after-school programs in rural areas. The bill amends the Elementary and Secondary Education Act of 1965 to require ED to provide outreach and technical assistance for grant programs under that Act.

Stop the Tax Hike on Charities and Places of Worship Act

United States · United States Congress · 25 July 2018

Stop the Tax Hike on Charities and Places of Worship Act This bill amends the Internal Revenue Code to modify the requirements for determining the unrelated business taxable income of tax-exempt organizations. The bill repeals a provision that requires unrelated business taxable income to be increased by the amount of expenses paid or incurred by a tax-exempt organization for certain fringe benefits for which a tax deduction is not allowed, including benefits relating to transportation, parking, or an on-premises athletic facility. The bill also increases the corporate tax rate from 21% to 22%.

Workforce Development Through Post-Graduation Scholarships Act of 2018

United States · United States Congress · 24 July 2018

Workforce Development Through Post-Graduation Scholarships Act of 2018 This bill amends the Internal Revenue Code to exclude post-graduation scholarship grants from gross income in the same manner as scholarships are currently excluded. A "post-graduation scholarship grant" is a grant provided by a program that: (1) is established by certain tax-exempt organizations; (2) is designed to encourage individuals to serve in occupations of unmet needs or in areas of unmet needs; and (3) under which, in accordance with the conditions of a grant, the organization repays any portion of an education loan incurred by an individual to pay higher education expenses.

National Public Health Act of 2018

United States · United States Congress · 24 July 2018

National Public Health Act of 2018 This bill requires the Department of Health and Human Services to: (1) contract with the National Academy of Medicine, or a similar entity, to develop a list of public health crises; (2) develop a list of products that have a specified fiscal impact on the national public health system; and (3) require manufacturers of such products to develop and implement a plan to mitigate the effects of the products on public health.

Raising a question of the privileges of the House pursuant to article I, section 7, of the United States Constitution.

United States · United States Congress · 24 July 2018

Recommits to the committee of conference H.R. 5515 (John S. McCain National Defense Authorization Act for Fiscal Year 2019) because, in the opinion of the House of Representatives, the conference report contravenes the clause of the Constitution requiring bills raising revenue to originate in the House and is an infringement of the privileges of the House.

Disability Employment Incentive Act

United States · United States Congress · 24 July 2018

Disability Employment Incentive Act This bill expands tax credits and deductions that are available for employers who hire and retain employees with disabilities. The bill expands the work opportunity tax credit to include the hiring of employees who receive Social Security Disability Insurance (SSDI) benefits. For employers that hire vocational rehabilitation referrals, Supplemental Security Income recipients, or SSDI recipients, the bill also (1) increases the amount of wages that may be taken into account for the credit, and (2) allows an additional credit for second-year wages. With respect to the tax credit for expenditures by eligible small businesses to provide access to disabled individuals, the bill increases the limits that apply to (1) the amount of expenditures that are eligible for the credit, and (2) the gross receipts and full-time employees of eligible small businesses. The bill also expands the tax deduction for expenditures to remove architectural and transportation barriers to the handicapped and elderly. The bill modifies the deduction to (1) increase limitation on the amount of the deduction, and (2) allow the deduction to be used for certain improvements in the accessibility of Internet or telecommunications services to handicapped and elderly individuals.

Puerto Rico Economic Empowerment Act of 2018

United States · United States Congress · 24 July 2018

Puerto Rico Economic Empowerment Act of 2018 This bill provides for various support for Puerto Rico, including by (1) establishing tax benefits for Puerto Rico, such as a tax credit for employment payroll taxes and an expansion of the child tax credit; (2) relaxing certain requirements related to Small Business Administration loan programs for certain Puerto Rico businesses; (3) prioritizing the transfer of surplus U.S. government property to qualified Puerto Rico businesses; and (4) establishing the Federal and State Technology Partnership Program in Puerto Rico.

MARKET CHOICE Act

United States · United States Congress · 23 July 2018

Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act or the MARKET CHOICE Act This bill imposes a tax on the greenhouse gas emissions of fossil fuels, certain industrial processes, and certain product uses. The bill appropriates and transfers specified revenue from the tax to a Rebuilding Infrastructure and Solutions for the Environment Trust Fund established by the bill. Specified amounts in the trust fund shall be available, as provided by appropriations Acts, for the federal Highway Trust Fund, grants to low-income households; and other specified energy, environmental, infrastructure, and research and development priorities. The bill also eliminates the federal gas tax, imposes a moratorium on finalizing and enforcing certain Clean Air Act regulations on greenhouse gas emissions, and establishes a National Climate Commission to review policies to reduce greenhouse gas emissions. The moratorium on regulations expires in 2033 if specified emission targets are not reached.

Expressing the sense of the House of Representatives that not fully resourcing the United States Army in a timely manner erodes the Army's ability to maintain readiness and poses risk to the Army's ability to conduct military operations.

United States · United States Congress · 23 July 2018

Finds that not resourcing the U.S. Army in a timely manner erodes readiness and puts the U.S. Army at a disadvantage. Affirms that Congress should resource all U.S. warfighters prior to the beginning of a new fiscal year.

Providing for consideration of the bill (H.R. 184) to amend the Internal Revenue Code of 1986 to repeal the excise tax on medical devices, and providing for consideration of the bill (H.R. 6311) to amend the Internal Revenue Code of 1986 and the Patient Protection and Affordable Care Act to modify the definition of qualified health plan for purposes of the health insurance premium tax credit and to allow individuals purchasing health insurance in the individual market to purchase a lower premium copper plan.

United States · United States Congress · 23 July 2018

Sets forth the rule for consideration of the bill (H.R. 184) to amend the Internal Revenue Code of 1986 to repeal the excise tax on medical devices, and providing for consideration of the bill (H.R. 6311) to amend the Internal Revenue Code of 1986 and the Patient Protection and Affordable Care Act to modify the definition of qualified health plan for purposes of the health insurance premium tax credit and to allow individuals purchasing health insurance in the individual market to purchase a lower premium copper plan.

LIFT for Charities Act

United States · United States Congress · 19 July 2018

Lessen Impediments from Taxes for Charities Act or the LIFT for Charities Act This bill amends the Internal Revenue Code to modify the requirements for determining the unrelated business taxable income of tax-exempt organizations. The bill repeals a provision that requires unrelated business taxable income to be increased by the amount of expenses paid or incurred by a tax-exempt organization for certain fringe benefits for which a tax deduction is not allowed, including benefits relating to transportation, parking, or an on-premises athletic facility.

Capital Gains Inflation Relief Act

United States · United States Congress · 19 July 2018

Capital Gains Inflation Relief Act This bill amends the Internal Revenue Code to allow the adjusted basis of certain assets (including common stock in a C corporation and tangible property used in a trade or business) to be indexed for inflation for the purpose of determining the gain or loss of a taxpayer (other than a corporation) who has held the asset for more than three years. The bill sets forth rules for applying the inflation adjustment to: short sales; regulated investment companies; real estate investment trusts; other pass-through entities, including partnerships, S corporations, and common trust funds; dispositions between related persons; and improvements to property or contributions of capital. The Internal Revenue Service may disallow an adjustment if any person transfers cash, debt, or any other property to another person for the principal purpose of securing or increasing the adjustment allowed by this bill.

Broadband for All Act of 2018

United States · United States Congress · 19 July 2018

Broadband for All Act of 2018 This bill amends the Internal Revenue Code to allow a refundable tax credit of up to $10,000 per year for 75% of a taxpayer's payments for broadband infrastructure in certain areas (limited broadband districts) that are not served by a provider of qualified broadband service (other than providers using satellite technology). "Qualified broadband service" is Internet access service at download speeds of at least 25 megabits per second and upload speeds of at least 3 megabits per second.

Vaccine Access Improvement Act of 2018

United States · United States Congress · 19 July 2018

Vaccine Access Improvement Act of 2018 This bill modifies the excise tax on certain vaccines to (1) automatically impose the tax on vaccines that the Department of Health and Human Services (HHS) adds to the Vaccine Injury Table, and (2) require HHS to notify the Department of the Treasury and Congress when new vaccines are added to the table. (The excise tax funds the National Vaccine Injury Program, which compensates people who have been injured by vaccines listed on the table.)

Rent Relief Act of 2018

United States · United States Congress · 19 July 2018

Rent Relief Act of 2018 This bill amends the Internal Revenue Code to allow a refundable tax credit for individuals who pay rent for a principal residence that exceeds 30% of the individual's gross income for the taxable year. The amount of the credit ranges from 25% to 100% of the excess rent, depending on the gross income of the taxpayer. The credit is not available for taxpayers with gross income that exceeds $100,000 ($125,000 for a taxpayer whose principal residence is located in a high-cost area, as defined by the bill). Rent that exceeds 150% of the fair market rent (including the utility allowance) for the residence may not be taken into account for the purpose of determining the amount of the credit. For individuals who reside in government-subsidized housing, the bill allows a credit equal to 1/12 of the rent paid by the taxpayer (and not subsidized under the program) during the year with respect to the residence.

Taxpayer First Act of 2018

United States · United States Congress · 19 July 2018

Taxpayer First Act of 2018 This bill modifies several administrative procedures and policies of the Internal Revenue Service (IRS). The bill includes provisions regarding programs that assist taxpayers in filing returns; relief from joint and several liability for a joint tax return; whistle-blower protections; the retention of electronic records; rehiring, removing, or transferring IRS employees; limitations on the access of non-IRS employees to tax returns and return information; the filing requirements for tax-exempt organizations; IRS audit criteria; protections against identity theft and tax refund fraud; penalties for the improper disclosure or use of information by preparers of tax returns; transferring appropriations between IRS accounts to combat tax fraud; streamlined critical pay authority for certain IRS information technology positions; an Internet platform for Form 1099 filings; and the electronic filing of tax returns.

American Savings Act

United States · United States Congress · 19 July 2018

American Savings Act This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to establish a new retirement option for all employees and self-employed individuals to be known as the American Savings Account Fund. This fund operates in a manner similar to the Thrift Savings Fund, which is available to federal employees. The bill establishes an American Savings Account Board of Directors to establish policies for fund investment and management. The board shall select or establish a list of investment funds and options similar to those in the Thrift Savings Fund, among which participants may choose. The board shall establish an American Savings Account Fund Advisory Council to advise the board on matters relating to investment policies. The American Savings Account Fund is tax-exempt and contributions to, or distributions from, it are excludible from gross income.

Advancing Youth Enrollment Act

United States · United States Congress · 18 July 2018

Advancing Youth Enrollment Act This bill amends the Internal Revenue Code to increase the premium assistance tax credits that are available to taxpayers with household members who are 18-34 years old. (The credit is available to eligible individuals and families to subsidize the purchase of health insurance plans on an exchange established under the Patient Protection and Affordable Care Act.) The bill allows increased tax credits for the taxpayers by reducing the maximum percentage of income that the taxpayers are required to pay for health insurance premiums. This percentage is used to calculate the amount of the credit.

9-1-1 Fee Integrity Act

United States · United States Congress · 18 July 2018

9-1-1 Fee Integrity Act This bill directs the Federal Communications Commission, after consulting with public safety organizations and governmental entities, to issue final rules to prevent states from diverting 9-1-1 taxes, fees, or charges from purposes and functions related to 9-1-1 services and operational expenses.

Relocation Expense Parity Act

United States · United States Congress · 18 July 2018

Relocation Expense Parity Act This bill authorizes an agency to reimburse federal, state, and local income taxes incurred by an individual for travel, transportation, or relocation expenses. (Current law provides for reimbursement for moving and storage expenses of an employee.)

United States Ports of Entry Threat and Operational Review Act

United States · United States Congress · 17 July 2018

United States Ports of Entry Threat and Operational Review Act This bill directs U.S. Customs and Border Protection to submit to the congressional homeland security and tax committees a threat and operational analysis of U.S. air, land, and sea ports of entry.

Providing for consideration of the concurrent resolution (H. Con. Res. 119) expressing the sense of Congress that a carbon tax would be detrimental to the United States economy.

United States · United States Congress · 17 July 2018

Sets forth the rule for consideration of the concurrent resolution (H. Con. Res. 119) expressing the sense of Congress that a carbon tax would be detrimental to the United States economy.