Taxation

ABC Act of 2019

United States · United States Congress · 23 October 2019

Access Business Credit Act of 2019 or the ABC Act of 2019 This bill modifies the requirements for calculating taxable income to exclude from the gross income of certain banks interest received on small business loans of up to $5 million. The bill applies to loans that are (1) secured by land situated in the United States that is used or held by the small business in connection with the active conduct of a farming business, or (2) incurred in the ordinary course of the trade or business of the small business. To be eligible for the exclusion, the bank must have less than $50 billion in assets at the closing of the preceding taxable year.

Housing, Opportunity, Mobility, and Equity Act of 2019

United States · United States Congress · 23 October 2019

Housing, Opportunity, Mobility, and Equity Act of 2019 This bill addresses zoning policies, housing affordability, and economic security. Specifically, the bill requires each state or local government that receives a Community Development Block Grant from the Department of Housing and Urban Development or a Surface Transportation Block Grant from the Department of Transportation to develop and implement a strategy to support zoning policies or regulatory initiatives that create a more affordable, elastic, and diverse housing supply. Additionally, the bill establishes a tax credit for individuals who spend more than 30% of their adjusted gross income on rent and requires the Department of the Treasury to make advance payments of this credit to eligible taxpayers who elect that option. The bill also requires Treasury to establish a Rainy Day Savings Program to allow an eligible taxpayer to defer 20% of the amount that would otherwise be refunded to the taxpayer. Treasury must invest the deferred amount and later disburse that amount, along with any interest, to the taxpayer.

Better Education and Skills Training for America’s Workforce Act

United States · United States Congress · 23 October 2019

Better Education and Skills Training for America's Workforce Act This bill amends the Internal Revenue Code to allow tax credits for (1) qualified training expenses paid with respect to U.S.-based positions for job trainees who have been unemployed for at least 90 days before enrolling in a training program and have not been employed by the taxpayer during the two-year period before the trainee was hired, and (2) investment in a qualified job training partnership between a private business and an institution of higher education or a labor organization. The bill defines "qualified training expenses" as an eligible trainee's qualified tuition costs, which may include costs for books and enrollment in a training program at an institution of higher education that may include a single course, multiple courses, or a combination of work training and study and that is reasonably necessary for employment with the taxpayer. It terminates the credit for qualified training expenses of job trainees after December 31, 2030. The bill also (1) requires the Department of the Treasury to establish a Qualified Job Training Partnership program to consider and award certifications for qualified investments eligible for credits to qualified job training partnerships, and (2) authorizes Treasury to make grants to individuals who make an investment in a qualified job training partnership, in lieu of a tax credit.

Mobile Workforce State Income Tax Simplification Act of 2019

United States · United States Congress · 22 October 2019

Mobile Workforce State Income Tax Simplification Act of 201 9 This bill prohibits the wages or other remuneration earned by an employee who performs employment duties in more than one state from being subject to income tax in any state other than (1) the state of the employee's residence, and (2) the state within which the employee is present and performing employment duties for more than 30 days during the calendar year. The bill exempts employers from state income tax withholding and information reporting requirements for employees not subject to income tax in the state under this bill. For the purposes of determining penalties related to an employer's state income tax withholding or reporting requirements, an employer may rely on an employee's annual determination of the time expected to be spent working in a state in the absence of fraud or collusion by such employee. For the purposes of this bill, the term "employee" excludes professional athletes; professional entertainers; production employees who perform services in connection with certain film, television, or other commercial video productions; and public figures who are persons of prominence who perform services for wages or other remuneration on a per-event basis.

To amend the Department of the Interior, Environment, and Related Agencies Appropriations Act, 2008, to extend the authority to collect Shasta-Trinity Marina fees through fiscal year 2027.

United States · United States Congress · 22 October 2019

This bill extends through FY2027 the authority of the Department of Agriculture to collect fees for a marina on the Shasta-Trinity National Forest.

Budgeting for Opioid Addiction Treatment Act

United States · United States Congress · 22 October 2019

Budgeting for Opioid Addiction Treatment Act This bill imposes a one cent per milligram fee on the sale of active opioids by the manufacturer, producer, or importer. The fee excludes prescription drugs used exclusively for the treatment of opioid addiction as part of a medically assisted treatment effort. The Department of Health and Human Services (HHS) must establish a program to provide rebates or discounts to cancer and hospice patients to ensure that they do not pay the fee. Any increase in federal revenues from the fee after rebates and discounts are subtracted must be distributed to states under the Substance Abuse Prevention and Treatment Block Grant program. The states must use the funds exclusively for substance abuse (including opioid abuse) efforts in the states, including (1) specified treatment programs, and (2) the recruitment and training of substance use disorder professionals to work in rural and medically underserved communities. HHS must report to Congress on the impact of this bill on the retail cost of opioids and patient access to opioid medication, the effectiveness of the discount or rebate for cancer and hospice patients, how the funds are being used to improve substance abuse treatment efforts, and suggestions for improving access to opioids for cancer and hospice patients and substance abuse treatment efforts.

STABLE Act

United States · United States Congress · 22 October 2019

Saving To Achieve a Better Life Experience Act of 2019 or the STABLE Act This bill treats any amount contributed by an employer to an employee's ABLE (Achieving a Better Life Experience) Account as employer-provided coverage for medical expenses under an accident or health plan, subject to certain contribution limits. Such contributions are excluded from an employee's gross income, for income tax purposes. It also imposes a tax on employers who fail to make required contributions.

Race Horse Cost Recovery Act of 2019

United States · United States Congress · 22 October 2019

Race Horse Cost Recovery Act of 2019 This bill amends the Internal Revenue Code to modify the accelerated depreciation allowance for race horses to allow a three-year recovery period for any race horse. (Current law limits the three-year recovery period to race horses placed in service before January 1, 2018, and race horses placed in service after December 31, 2017, that are more than two years old when placed in service by the purchaser.)

Protecting American Lungs Act of 2019

United States · United States Congress · 18 October 2019

This bill imposes an excise tax on "taxable nicotine" which is any nicotine that has been extracted, concentrated, or synthesized and is treated as a tobacco product. The tax does not apply to nicotine used in a product that has been approved by the Food and Drug Administration for sale as a nicotine replacement therapy.

GROWTH Act

United States · United States Congress · 18 October 2019

Generating Real Opportunities for Workforce Training and Hiring Act or the GROWTH Act This bill sets forth provisions to promote career and technical education and establish highway construction workforce development initiatives. Specifically the bill expands tax-exempt tuition programs (529 plans) to allow plans to pay transportation costs for attendance at workforce training programs and to repay student loan amounts, directs the Department of Transportation to make grants to establish highway construction workforce initiatives to attract, train, and place workers into highway construction careers, extends and expands the program for reimbursement of military spouses for professional relicensing costs due to a permanent change in duty station, and includes workforce development as an objective of the loan guaranty program of the Small Business Administration.

Tax Return Preparer Accountability Act of 2019

United States · United States Congress · 18 October 2019

Tax Return Preparer Accountability Act of 201 9 This bill requires the Department of the Treasury to regulate tax return preparers who are not otherwise subject to regulation. The bill authorizes Treasury to impose a $1,000 penalty for each federal tax return or other document prepared by a tax return preparer during a period in which such preparer (1) is not in compliance with applicable Treasury regulations, or (2) is suspended or disbarred from acting as a tax return preparer under such regulations.

Making College More Affordable Act

United States · United States Congress · 18 October 2019

Making College More Affordable Act This bill creates federal interest-free education loans for undergraduate students. The loans must have the same terms and conditions and benefits to borrowers as federal direct Stafford Loans. Interest on these loans may only accrue during periods when a borrower is not earning taxable income due to professional negligence, professional incompetence, or malicious action on the part of the borrower. The Department of Education (ED) must carry out a repayment plan program for the interest-free loans under which loans payments are automatically withheld from the pre-tax income of the borrower. ED must cancel any outstanding balance of principal or interest due on those interest-free loans made to a borrower who has made 300 monthly payments. The borrower must be taxed on the amount canceled. Those taxes must be applied to carry out the federal direct loan program.

Mobile Mammography Promotion Act of 2019

United States · United States Congress · 18 October 2019

Mobile Mammography Promotion Act of 201 9 This bill amends the Internal Revenue Code to exempt from the motor fuel excise tax fuel used in any highway vehicle designed exclusively to provide mobile mammography services.

Mine Affected Community Energy and Environment Act

United States · United States Congress · 18 October 2019

Mine Affected Community Energy and Environment Act This bill allows a new tax credit for the production of electricity from a coal refuse facility. A "coal refuse facility" means any facility (1) that was originally placed in service prior to January 1, 2019, and combusts coal refuse or fuel composed of at least 75 percent coal refuse by BTU energy value; and (2) uses at a minimum, a circulating fluidized bed combustion unit or a pressurized fluidized bed combustion unit, equipped with a limestone injection system for control of acid gases, and a fabric filter particulate emission control system.

I CAN Act

United States · United States Congress · 17 October 2019

Inhaler Coverage and Access Now Act or the I CAN Act This bill provides for coverage under a high deductible health plan not requiring a deductible of inhalers for treatment of any chronic lung disease, including asthma (and any medicine or drug which is delivered through such inhalers for treatment of such diseases).

Youth Tax Fairness Act of 2019

United States · United States Congress · 17 October 2019

Youth Tax Fairness Act of 2019 This bill amends the Internal Revenue Code to treat certain income as earned income for purposes of the taxation of the unearned income of certain children (i.e., the kiddie tax). Such income includes (1) distributions from qualified disability trusts, (2) certain military survivor benefits, (3) certain first responder survivor benefits, (4) certain Indian tribal payments, (5) certain scholarships or fellowship grants, (6) Alaska permanent fund dividends, and (7) Social Security benefits. Treating such income as earned income allows it to be taxed at lower rates.

Support UNFPA Funding Act

United States · United States Congress · 17 October 2019

Support UNFPA Funding Act This bill authorizes annual contributions to support the core functions and programs of the United Nations Population Fund for the five fiscal years following the bill's enactment.

No Tax Breaks for Drug Ads Act

United States · United States Congress · 17 October 2019

No Tax Breaks for Drug Ads Act This bill denies a tax deduction for the costs of advertising prescription drugs.

Mind Your Own Business Act of 2019

United States · United States Congress · 17 October 2019

Mind Your Own Business Act of 2019 This bill requires assessments, periodic reporting, and the development of an opt-out process for specified commercial entities that operate high-risk information systems or automated-decision systems, such as those that use artificial intelligence or machine learning. An automated-decision system or information system is considered high risk if it (1) raises security or privacy concerns; (2) involves the personal information of a significant number of people; or (3) systematically monitors a large, publicly-accessible physical location. An automated-decision system is also considered high risk if it (1) may contribute to inaccuracy, bias, or discrimination or (2) facilitates decision-making about sensitive aspects of consumers' lives by evaluating their behavior. Covered commercial entities must assess such high-risk systems and evaluate the extent to which they protect against the risk of exposing personal information. The bill further requires certain larger commercial entities to submit an annual report for which corporate officers must certify that the entity is in compliance with the Federal Trade Commission's (FTC) implementing regulations. A failure to comply with the reporting requirements is subject to criminal penalties and excise tax. Among other provisions, the bill requires the FTC to create a web portal for consumers to opt out of data sharing and view their opt-out status. Opting out prevents covered commercial entities from sharing personal information with third parties. The bill increases the civil penalties for unfair trade practices, which the bill modifies to include practices that involve noneconomic impacts or create a significant risk of exposing personal information.

Small Business Tax Fairness and Compliance Simplification Act

United States · United States Congress · 17 October 2019

Small Business Tax Fairness and Compliance Simplification Act This bill expands the tax credit for a portion of the employer-paid Social Security taxes for employee cash tips to include beauty service establishments. (Under current law, the credit is limited to tips received for providing, serving, or delivering food or beverages.) The credit applies to tips received in connection with providing beauty services to a customer or client if tipping employees who provide the service is customary. "Beauty services" include barbering and hair care, nail care, esthetics, and body and spa treatments. The bill also (1) establishes an employer tip reporting safe harbor, and (2) specifies reporting requirements for income received from renting space to individuals who provide beauty services. The employer tip reporting safe harbor provides an exemption from certain Internal Revenue Service tip examinations for employers who meet certain requirements for educational programs, reporting procedures, compliance with tax law, and recordkeeping.

End Double Taxation of Successful Civil Claims Act

United States · United States Congress · 17 October 2019

End Double Taxation of Successful Civil Claims Act This bill amends the Internal Revenue Code to expand the deduction from gross income (above-the-line deduction) for attorney fees and court costs to include such fees and costs paid in connection with any legal action involving a civil claim (currently, limited to actions involving unlawful discrimination, the False Claims Act, and Medicare payments).

Syrian Allies Protection Act

United States · United States Congress · 17 October 2019

Syrian Allies Protection Act This bill authorizes the Department of Homeland Security (DHS) to provide certain Syrian nationals with special immigrant status. To qualify, a Syrian national must (1) have worked directly with the Armed Forces in a role that was vital to the success of the U.S. military mission in Syria for at least six months during a specified time period, (2) have a favorable written recommendation from a general or flag officer in the chain of command of the unit that the alien was supporting, and (3) pass a background check. The spouse or child of a qualifying alien shall also qualify if accompanying the qualifying alien. To receive special immigrant status, a qualified alien must apply to DHS and be otherwise eligible for an immigrant visa and admissible for permanent residence, except that an alien shall not be inadmissible on the grounds that the alien will likely become a public charge. Aliens granted special immigrant status under this bill shall qualify for benefits available to refugees for six months. Up to 250 principal aliens may receive special immigrant status each fiscal year under this bill. For applicants whose lives are at risk while awaiting background checks, the Department of Defense shall implement a framework to temporarily resettle such applicants in a safe third country or grant them humanitarian parole. DHS may provide lawful permanent resident status to an alien paroled or admitted as a nonimmigrant and who otherwise qualifies for special immigrant status under this bill.

GROWTH Act

United States · United States Congress · 17 October 2019

Generating Real Opportunities for Workforce Training and Hiring Act or the GROWTH Act This bill sets forth provisions to promote career and technical education and establish highway construction workforce development initiatives. Specifically the bill expands tax-exempt tuition programs (529 plans) to allow plans to pay transportation costs for attendance at workforce training programs and to repay student loan amounts, directs the Department of Transportation to make grants to establish highway construction workforce initiatives to attract, train, and place workers into highway construction careers, extends and expands the program for reimbursement of military spouses for professional relicensing costs due to a permanent change in duty station, and includes workforce development as an objective of the loan guaranty program of the Small Business Administration.

STRENGTHENING OUR FISCAL TOOLKIT: POLICY OPTIONS TO IMPROVE ECONOMIC RESILIENCY

United States · United States House of Representatives · 16 October 2019

Tribal Energy Reauthorization Act

United States · United States Congress · 16 October 2019

Tribal Energy Reauthorization Act This bill reauthorizes through FY2030 certain energy grant programs and otherwise revises the activities of the Office of Indian Energy Policy and Programs within the Department of Energy. Specifically, the office must consider the fiscal ability of an Indian tribe, intertribal organization, or tribal energy development organization to meet cost-sharing requirements for energy projects; give priority to partnering with state and local organizations when providing technical assistance to tribes; designate a liaison to ensure that tribes are aware of federal grants and funding opportunities; and develop an energy strategy for tribes in the Arctic to address climate change. The bill also authorizes the office to provide grants for providing or expanding electricity to the homes of members of tribes that are acquired, constructed, or improved with federal funds. Currently, such grants may only be used to provide electricity on Indian land.

HEAL for Immigrant Women and Families Act of 2019

United States · United States Congress · 16 October 2019

Health Equity and Access under the Law for Immigrant Women and Families Act of 2019 or the HEAL Immigrant Women and Families Act of 2019 This bill extends Medicaid and Children's Health Insurance Program coverage to individuals lawfully present in the United States who otherwise meet eligibility requirements. Individuals granted federally authorized presence also are required to maintain minimum essential health insurance coverage and are eligible for health insurance exchanges, reduced cost sharing, premium subsidies, and premium tax credits.

Smoke Free Affordable Housing Act

United States · United States Congress · 16 October 2019

Smoke Free Affordable Housing Act This bill amends the Internal Revenue Code, with respect to the low-income housing tax credit, to require state allocation plans to include a preference for allocating dollar amounts of the credit to projects consisting only of buildings in which smoking is not permitted.

Historic Tax Credit Growth and Opportunity Act of 2019

United States · United States Congress · 16 October 2019

Historic Tax Credit Growth and Opportunity Act of  2019 This bill increases the rehabilitation tax credit and modifies certain requirements for the credit. The bill increases the rate of the credit to 30%  for small projects (rehabilitation expenditures not exceeding $3.75 million) and caps the credit for such projects at $750,000 for all taxable years. The bill also expands the types of buildings eligible for rehabilitation by decreasing the rehabilitation threshold from 100% to 50% of project expenses. It also eliminates the basis adjustment requirement for the credit and modifies rules relating to the eligibility of tax-exempt use property for the credit.

Ending Homelessness Act of 2019

United States · United States Congress · 16 October 2019

Ending Homelessness Act of 2019 This bill provides additional funding for, and otherwise addresses, assistance to homeless individuals and families. The funding provided by the bill is designated as emergency spending, which is exempt from discretionary spending limits. Specifically, the bill provides additional FY2020-FY2024 funding for the Department of Housing and Urban Development (HUD) to (1) award emergency relief grants to address unmet needs of homeless populations in jurisdictions with the highest need, and (2) provide additional incremental rental voucher assistance for individuals and families who are homeless. The bill also provides FY2022-FY2024 funding for HUD to award grants to provide outreach and coordinate services for individuals and families who are homeless or formerly homeless. Further, the bill provides additional annual funding beginning in FY2020 for the Housing Trust Fund (dedicated to affordable housing for extremely low-income and very low-income families) and incremental project-based voucher and rental assistance. During the first five fiscal years in which such additional funding is available, HUD must ensure that priority for occupancy in assisted units is given to individuals and families who are homeless. Further, units receiving such assistance may not require families to contribute more than 30% of their adjusted income towards rent. Additionally, the bill provides FY2020 funding for HUD to provide technical assistance to states, local governments, and nonprofit organizations to integrate and coordinate homeless assistance with federal health care programs. Finally, the bill permanently reauthorizes certain homeless assistance grants and makes permanent the U.S. Interagency Council on Homelessness.

High Rise Fire Sprinkler Incentive Act of 2019

United States · United States Congress · 15 October 2019

High Rise Fire Sprinkler Incentive Act of 2019 This bill amends the Internal Revenue Code to classify any automatic fire sprinkler system retrofit property as 15-year property for purposes of accelerated depreciation.

Equitable Student Aid Access Act

United States · United States Congress · 15 October 2019

Equitable Student Aid Access Act This bill revises certain income requirements for calculating federal student financial aid amounts, and it requires the Department of Education (ED) to publish certain requirements for financial aid offers. Specifically, the bill eliminates the simplified needs test in financial aid applications for families with income below a specified threshold, and it increases the income threshold that automatically qualifies a student for certain financial aid. When determining the total income of an applicant or an applicant's household, ED shall provide for the use of data from the second preceding tax year to simplify applications used for the estimation and determination of financial aid eligibility. ED must also conduct consumer testing to serve as the basis for determining requirements for financial aid offers. A financial aid offer must contain information such as cost of attendance and sources of available financial aid, as well as a standardized quick reference box to enable comparison of information on college costs and financial aid.

New Home Energy Efficiency Act

United States · United States Congress · 15 October 2019

New Home Energy Efficiency Act This bill reinstates and extends the new home energy efficiency tax credit through 2022. It also increases to $2,500 in 2021 and through 2022, the amount of such credit for new homes meeting the revised energy efficiency standards set forth in the bill.

Guam Cigarette Tax Enforcement Act

United States · United States Congress · 11 October 2019

Guam Cigarette Tax Enforcement Act This bill extends the existing prohibition on trafficking in contraband cigarettes and contraband smokeless tobacco to Guam.

END the Epidemic Act of 2019

United States · United States Congress · 11 October 2019

Excise Narcotics Distribution in the Epidemic Act of 2019 or the END the Epidemic Act of 2019 This bill imposes an excise tax on opioid manufacturers, producers, or importers and provides for grants to states for research on opioids (including heroin) and for opioid abuse prevention and treatment.

American Future Healthcare Act of 2019

United States · United States Congress · 11 October 2019

American Future Healthcare Act of 2019 This bill amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to repeal the requirement that an individual making a tax deductible contribution to an HSA be covered by a high deductible health care plan; increase the maximum HSA contribution level; allow Medicare eligible individuals to contribute to an HSA; allow HSAs to be used to purchase health insurance; provide a cost-of-living adjustment for the limits on additional contributions for individuals 55 or older (catch-up contributions); require the cost-of-living adjustments to be indexed to the CPI medical care component (the medical care component for the Consumer Price Index for All Urban Consumers published by the Department of Labor); allow a rollover of HSA amounts to a Medicare Advantage Medical Savings Account (MSA); and treat direct primary care service arrangement fees as deductible medical expenses. This bill also allows an individual with alternative health coverage to opt out of Medicare hospital services benefits without also having to opt out of Old Age, Survivors, and Disability Insurance benefits and without having to repay Medicare hospital services benefits already received.

New Home Energy Efficiency Act

United States · United States Congress · 11 October 2019

New Home Energy Efficiency Act This bill reinstates and extends the new home energy efficiency tax credit through 2022. It also increases to $2,500 in 2021 and through 2022, the amount of such credit for new homes meeting the revised energy efficiency standards set forth in the bill.

Degrees Not Debt Act of 2019

United States · United States Congress · 11 October 2019

Degrees Not Debt Act of 2019 This bill sets forth provisions to increase the availability of need-based federal student aid and require an institution of higher education (IHE) to disclose performance indicators. The bill repeals the alternative minimum tax exemption and the increased estate and gift tax exemption and uses the tax revenue to increase need-based federal student aid. Specifically, the bill increases (1) the maximum amount of the federal Pell Grant, and (2) the income threshold that triggers an automatic zero for an expected family contribution. In addition, the bill eliminates Pell Grant funding for an institution of higher education in a state that does not maintain its funding levels for IHEs. Finally, an IHE must disclose performance indicators (e.g., graduation rates and employment outcomes).

LOAN Act of 2019

United States · United States Congress · 4 October 2019

Leveraging Opportunities for Americans Now Act of 2019 or the LOAN Act of 2019 This bill revises interest rates and repayment plans for federal student loans. Specifically, the bill directs the Department of Education (ED) to set the interest rate on federal student loans made on or after July 1, 2021, at 0% and replace the interest with a one-time financing fee. The bill permits ED to credit or refund borrowers who pay the balance of their loan earlier than required by their repayment plan with the amount of the financing fee. The bill establishes an income-dependent education assistance repayment plan as the default repayment plan for federal student loans. A borrower may select either this new plan or a 10-year fixed repayment plan. ED must calculate annual repayment amounts and provide annual statements to borrowers. The Department of the Treasury must transmit tax information to ED as necessary to determine a borrower's repayment obligations and financing fee adjustments.

To amend the FAA Modernization and Reform Act of 2012 and title 49, United States Code, with respect to disadvantaged business enterprises, and for other purposes.

United States · United States Congress · 1 October 2019

This bill revises Federal Aviation Administration (FAA) program requirements to address small businesses that are controlled and owned by socially and economically disadvantaged individuals, including those owned by veterans. Among other things, the bill directs the Department of Transportation to develop a training program for FAA employees who provide guidance and training to entities that certify a small business as a small business concern owned and controlled by socially and economically disadvantaged individuals; revises application requirements for certain airports to impose passenger facility charges, including by requiring such airports to include a detailed description of good faith efforts to contract with disadvantaged businesses; and requires certain airports to report annually on the number of new disadvantaged businesses that were awarded a contract or concession during the previous fiscal year.

To amend the Internal Revenue Code of 1986 to provide an exemption from FIRPTA for interests held by certain foreign insurance companies.

United States · United States Congress · 1 October 2019

This bill exempts interests held by certain foreign insurance companies from provisions of the Foreign Investment in Real Property Tax Act of 1980 that tax foreign individuals or corporations on dispositions of investments in U.S. real property interests.

Private Loan Disability Discharge Act of 2019

United States · United States Congress · 27 September 2019

Private Loan Disability Discharge Act of 2019 This bill directs the holder of a private education loan to discharge the loan in the event of the borrower's death or total and permanent disability. The obligation of a cosigner for a private education loan is also discharged in the event of total and permanent disability of the borrower. The bill also extends indefinitely the exclusion of student loan debt discharge from gross income for federal income tax purposes.

Virginia Beach Strong Act

United States · United States Congress · 27 September 2019

Virginia Beach Strong Act This bill confirms that cash contributions made for the exclusive benefit of the families of the dead or wounded victims of the mass shooting in Virginia Beach, Virginia, on May 31, 2019, shall be treated as tax deductible contributions.

Improving Provider Directories Act

United States · United States Congress · 27 September 2019

Improving Provider Directories Act This bill requires private health insurance plans, including self-funded employer health plans, to display in online provider directories a method for notifying the plan about inaccurate provider information. Upon such notification, plans must correct and update the provider information in each directory within 30 days and submit an annual report to the state insurance commissioners in each state where the plan is available that contains the all corrective actions taken during the previous year. Plans that do not comply with this requirement are subject to a tax penalty.

Health Savings for Families Act of 2019

United States · United States Congress · 27 September 2019

Health Savings for Families Act of 2019 This bill amends the Internal Revenue Code to permit contributions to health savings accounts by individuals whose spouses have health flexible spending accounts.

End-of-Year Fiscal Responsibility Act

United States · United States Congress · 27 September 2019

End-of-Year Fiscal Responsibility Act This bill prohibits an executive agency from spending more in each of the last 2 months of a fiscal year than the agency's average monthly spending for the previous 10 months. The bill applies to obligations of discretionary appropriations and includes exceptions for spending that is (1) for national security-related activities, or (2) designated by Congress as emergency spending.

AICA Act of 2019

United States · United States Congress · 27 September 2019

American Innovation and Competitiveness Act of 2019 or the AICA Act of 2019 This bill eliminates the five-year amortization requirement for research and experimental expenditures scheduled to begin in 2022, thus allowing continued expensing of such expenditures in the taxable years in which they are incurred.

Public Servants Protection and Fairness Act

United States · United States Congress · 27 September 2019

Public Servants Protection and Fairness Act This bill establishes an alternative formula to calculate Old-Age, Survivors, and Disability Insurance benefits for those who receive pensions for certain non-covered employment. (The existing formula is known as the windfall elimination provision.) The alternative formula adjusts an individual's total lifetime earnings based on the proportion of covered earnings (i.e., earnings subject to Social Security payroll taxes). It applies to individuals who (1) first become eligible for benefits after 2021, (2) have earnings from non-covered service performed after 1977 and (3) have less than 30 years of coverage (i.e., years in which a beneficiary is considered to have contributed a substantial amount into the Social Security trust funds). Beneficiaries receive the higher benefit amount as calculated under the alternative method or the existing formula. In addition, the bill provides rebates for certain beneficiaries currently impacted by the existing formula. The Social Security Administration must include non-covered earnings in Social Security account statements, and the Government Accountability Office must study the availability of certain information related to retirement plans maintained by state and local governments.

U.S. NONPROLIFERATION POLICY AND THE FISCAL YEAR BUDGET

United States · United States House of Representatives · 26 September 2019

MARKET CHOICE Act

United States · United States Congress · 26 September 2019

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 (RISE 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 motor vehicle and aviation fuel taxes, modifies the tax credit for carbon capture and storage and the qualifying advanced coal project tax credit, 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.

End Government Shutdowns Act

United States · United States Congress · 26 September 2019

End Government Shutdowns Act 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 or a joint resolution making continuing appropriations is not in effect.