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201 records in US in 2022
United States · United States Congress · 15 September 2022
Saving Privacy Act This bill adjusts certain amounts for inflation, including reporting thresholds applicable to financial transactions, the threshold for the criminal offense of cash smuggling, and tax return thresholds for cash receipts.
United States · United States Congress · 13 September 2022
Increase Reliable Services Now Act This bill imposes limits on Internal Revenue Service (IRS) enforcement activities and hiring. The bill prohibits the IRS from hiring any person for enforcement activities until the end of a period in which the IRS has maintained for six consecutive months a level of service for accounts management phone lines of not less than 70%, and an average speed of answering phone calls in five minutes or less. The bill also requires that not less than 90% of regular IRS employees perform work in person at their job sites. The bill prohibits the IRS from auditing taxpayers with taxable incomes below $400,000 at a greater rate than before the enactment of this bill. Further, the IRS may not hire additional personnel (other than for return processing activities and call center operations) until its tax return processing backlog is not in excess of 1 million cases and it issues tax refunds within six weeks or less after receipt of a tax return.
United States · United States Congress · 12 September 2022
This bill prohibits the use of additional funds appropriated to the Internal Revenue Service under the Inflation Reduction Act of 2022 for audits of taxpayers with taxable incomes below $400,000.
United States · United States Congress · 9 September 2022
Wayne Ford Racial Impact Statement Act of 2022 This bill requires the Government Accountability Office (GAO) to prepare a minority impact assessment for each bill or joint resolution that establishes or modifies a crime, criminal penalties, or pretrial, sentencing, or probation procedures, or that could otherwise affect the number of people who are federally incarcerated, and that is under the jurisdiction of specified congressional subcommittees; GAO must also prepare assessments for similar proposed rules. Assessments must include information relating to the fiscal and demographic impact of proposed changes on prisons, prison populations, and the criminal justice system.
United States · United States Congress · 8 September 2022
Paperwork Reduction for Farmers and H-2A Modernization Act This bill expands the H-2A (temporary agricultural worker) visa program to cover additional types of labor, makes various changes to the program, and provides a safe harbor for errors in nonimmigrant worker visa applications in certain instances. The bill makes H-2A visas available to an alien providing temporary labor that falls within the federal government classification categories for (1) grounds maintenance workers; (2) farming, fishing, and forestry occupations; or (3) forest, conservation, and logging workers. The bill authorizes joint employers to file a joint petition for an H-2A alien. The bill allows (1) employers seeking to rehire an H-2A worker to submit a simplified petition, and (2) employers seeking to hire H-2A workers for different time periods during a fiscal year to submit a single petition for such workers. The Department of Labor shall establish an electronic filing and appeals system for H-2A petitions. U.S. Citizenship and Immigration Services (USCIS) shall communicate electronically with an H-2A employer when USCIS requests evidence from the employer, if the employer asks to do so. An employer who uses a third-party service to apply for a nonimmigrant worker visa shall not be civilly or criminally liable for errors in the application if the employer reasonably believed that the application was accurate and complied with statutory requirements.
United States · United States Congress · 8 September 2022
Enhancing American Retirement Now Act or the EARN Act This bill revises tax provisions relating to retirement plans for individuals, retirees, public safety officers and military personnel, and employer plans.
United States · United States Congress · 7 September 2022
This bill rescinds unobligated amounts appropriated to the Internal Revenue Service by the Inflation Reduction Act of 2022 for enforcement activities and operations support.
United States · United States Congress · 6 September 2022
Options for Ownership Act This bill directs the Department of Transportation to withhold 15% of federal highway funding from a state that prohibits the sale of motor vehicles that are not zero-emission vehicles. It does not apply to states that impose a fee on motor vehicles that is comparable in revenue to a gasoline tax.
United States · United States Congress · 6 September 2022
Budgetary Accuracy in Scoring Interest Costs Act of 2022 or the BASIC Act This bill requires cost estimates prepared by the Congressional Budget Office or the Joint Committee on Taxation to include the costs of servicing the public debt.
United States · United States Congress · 2 September 2022
IRS Reduction Act This bill rescinds all unobligated amounts appropriated by the Inflation Reduction Act of 2022 for the improvement of the Internal Revenue Service (IRS). The Department of the Treasury must report on how the IRS plans to improve the efficiency of its services, including the processing of tax returns.
United States · United States Congress · 30 August 2022
This bill expands the E-3 visa program to cover Irish nationals. The E-3 visa is a nonimmigrant visa currently only available to Australian nationals coming to the United States for employment in a specialty occupation. For Irish E-3 initial applications, the Department of State may approve each fiscal year no more than 10,500 minus the number of Australian initial applications approved the previous fiscal year.
United States · United States Congress · 30 August 2022
This bill prohibits any officer or employee of the Internal Revenue Service (IRS) hired after the bill's enactment, from possessing a firearm while performing official duties and receiving training in the use of a firearm in connection with such duties. The bill further prohibits the IRS from acquiring any firearm or ammunition after the bill's enactment.
United States · United States Congress · 30 August 2022
Dismantling Investments in Violation of Ethical Standards through Trusts Act This bill prohibits a senior federal employee, his or her spouse, or dependent children from holding, purchasing, or selling certain financial instruments during the employee's term of service. Any profit made in violation of the prohibition must be disgorged to the Treasury and may subject the individual to a civil fine. The bill also requires the submission of an annual certification of compliance and requires the Government Accountability Office to conduct a compliance audit. A loss from a transaction or holding involving a covered financial instrument that is conducted in violation of this bill may not be deducted from the amount of income tax owed by the applicable senior federal employee, spouse, or dependent child. A senior federal employee who holds or conducts a transaction involving a covered financial instrument in violation of this bill may be subject to a civil fine assessed by the supervising ethics office.
United States · United States Congress · 23 August 2022
Firearm Industry Fairness Act This bill imposes a 20% surtax on the total revenue of each semi-automatic assault weapon manufacturer or importer. The bill defines semi-automatic assault weapon to include a semiautomatic rifle that has a fixed ammunition feeding device with the capacity to accept more than 15 rounds, semiautomatic pistols and shotguns, and other identified assault weapons. The bill establishes the Community Violence Intervention and Prevention Trust Fund to hold tax revenues generated by this bill to carry out the Bureau of Justice Assistance Community Violence Intervention and Prevention Initiative to prevent and reduce violent crime in communities.
United States · United States Congress · 23 August 2022
Require Employees To Uniformly Return Now Act or the RETURN Act This bill prohibits Internal Revenue Service (IRS) employees from teleworking during the period beginning five business days after the enactment of this bill and ending on the date on which the IRS certifies that the processing backlog for 2020 income tax returns has been eliminated. The Department of the Treasury may not obligate additional funds for the IRS until the date on which the IRS certifies the backlog has been eliminated.
United States · United States Congress · 19 August 2022
End Subsidies for Fossil Fuel Advertising Act This bill denies a tax deduction for the marketing, travel, promotion, and other related expenses incurred by any person involved in the manufacturing, production, extraction, refining, transportation, distribution, or marketing of any fossil fuel.
United States · United States Congress · 16 August 2022
You Earned It, You Keep It Act This bill excludes Social Security benefits from gross income for purposes of federal income taxes.
United States · United States Congress · 12 August 2022
This joint resolution proposes a constitutional amendment repealing the Sixteenth Amendment to the Constitution (authorizing taxation of income).
United States · United States Congress · 9 August 2022
Increased Transparency in 501(c)(4) Organizations Act of 2022 This bill expands public notice requirements for tax-exempt social welfare organizations [(i.e., 501(c)(4) organizations] to make a notice of intent to operate as such an organization publicly available in the same manner as an application for an exemption from tax.
United States · United States Congress · 5 August 2022
Rewarding American Investments to Support Employees Act of 2022 or the RAISE Act of 2022 This bill allows employers a tax credit for 10% of the excess of the aggregate amount of wages paid to specified employees (i.e., continuously-employed employees whose earned wages do not exceed $75,000 in a calendar year) in a taxable year, over the aggregate amount of wages paid to such employees during the immediately preceding calendar year. The amount of such credit may not exceed $500,000 for any employer in any taxable year.
United States · United States Congress · 4 August 2022
Taxing Big Oil Profiteers Act This bill imposes an additional 21% tax through 2025 on the excess profits (i.e., current profits over normal return) of oil and natural gas companies that have average annual gross receipts during a three-year period of over $1 billion. The bill imposes on publicly-traded domestic corporations a tax equal to 25% of the fair market value of the stock of the corporation repurchased during the taxable year. The tax does not apply to a repurchase made after 2025 or that is treated as dividend. It also does not apply if the total value of the stock repurchased during a taxable year does not exceed $1 million. The bill disqualifies certain large oil and natural gas companies from the use of the LIFO (last-in first-out) inventory accounting method.
United States · United States Congress · 3 August 2022
This bill excludes certain persons from being considered a broker for tax reporting purposes. Under current law, the transfer of digital assets from a broker to a nonbroker requires the broker to file a return beginning on January 1, 2024. The bill provides that a broker does not include any person solely engaged in the business of (1) validating distributed ledger transactions, or (2) selling hardware or software for which the sole function is to permit access to digital assets on a distributed ledger.
United States · United States Congress · 2 August 2022
American Dream Down Payment Act of 2022 This bill establishes qualified down payment savings programs that allow taxpayers to establish tax-free accounts to save for down payments, including closing costs, on a principal residence. The Department of the Treasury, in coordination with the Securities and Exchange Commission, must report on matters relating to such accounts, including the number of states that have established down payment savings programs and information about beneficiaries of such programs.
United States · United States Congress · 2 August 2022
Housing Market Transparency Act This bill requires the Department of Housing and Urban Development (HUD) to collect and report certain information about buildings that receive low-income housing tax credits, including relevant development costs, ownership information, habitability standards, and related data. State agencies that administer the credit must also report such information to HUD.
United States · United States Congress · 2 August 2022
Rent Relief Act of 2022 This bill allows a refundable tax credit through 2024 for individuals who pay rent for a principal residence that exceeds 30% of their 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 100% of the small area 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 1/12th of the rent paid by the taxpayer (and not subsidized under the program) during the year with respect to the residence. The Department of the Treasury must establish a program for making advance payments of the credit on a monthly basis.
United States · United States Congress · 2 August 2022
Catch Up Our Kids Act of 2022 This bill provides tax benefits to compensate for learning losses due to school closures during the COVID-19 pandemic. The bill creates a new three-year learning loss tax credit of $1,200 per child that will allow parents or legal guardians to recoup actual expenses incurred for education-related activities, extends the employer allowance for certain tuition and education-related expenses to include educational expenses for children of employees, expands education savings accounts (ESAs) to include homeschool expenses for a three-year period, doubles the annual contribution limit for Coverdell ESAs from $2,000 to $4,000 for a three-year period, Exempts contributions to an ESA and a Coverdell ESA from the annual gift tax exclusion amount, and allows states to use unspent Elementary and Secondary School Emergency Relief (ESSER) funds to fund scholarship granting organizations.
United States · United States Congress · 2 August 2022
Legislative Branch Appropriations Act, 2023 This bill provides FY2023 appropriations for the legislative branch, including the Senate and joint items such as the Joint Economic Committee, the Joint Committee on Taxation, the Office of the Attending Physician, and the Office of Congressional Accessibility Services. In addition, the bill provides FY2023 appropriations for the Capitol Police; the Office of Congressional Workplace Rights; the Congressional Budget Office; the Architect of the Capitol; the Library of Congress, including the Congressional Research Service and the Copyright Office; the Government Publishing Office; the Government Accountability Office; Congressional Office for International Leadership Fund; and the John C. Stennis Center for Public Service Training and Development. (Pursuant to the longstanding practice of each chamber of Congress determining its own requirements, funds for the House of Representatives are not included in the Senate bill.) The bill also sets forth requirements and restrictions for using funds provided by this bill.
United States · United States Congress · 1 August 2022
Volunteer Driver Tax Parity Act of 2022 This bill increases the rate of the tax deduction for the charitable use of a passenger automobile to equal the standard business rate (i.e., 58.5 cents per mile in the first half of 2022, then 62.5 cents per mile for the rest of that year) for taxable years beginning after 2021 and before 2024. It then provides for a permanent 24 cents per mile rate, adjusted annually for inflation, for taxable years beginning after 2023.
United States · United States Congress · 29 July 2022
Special Needs Trust Improvement Act of 2022 This bill allows a nonprofit charitable organization to be named as the remainder beneficiary of a Special Needs Trust (i.e., a trust that preserves a beneficiary's eligibility for needs-based government benefits).
United States · United States Congress · 29 July 2022
No Tax Deductions for Workplace Harasser Buyouts Act This bill modifies the tax deduction for trade or business expenses to deny a deduction for payments made to any employee in connection with the termination of employment if a factor in the termination was sexual assault, sexual harassment, sexual misconduct, or workplace harassment based on race, color, national origin, religion, sex, disability, or other specified factors.
United States · United States Congress · 28 July 2022
This bill imposes a 5% transfer fee on remittances sent to recipients outside of the United States, to be paid by the sender. The bill also establishes for U.S. citizens a tax credit equal to the amount that the citizen taxpayer paid in such transfer fees for any taxable year. The bill also provides funding for various border-related activities, such as to build a barrier along the U.S.-Mexico barrier. The funding shall be equal to the amount collected by the transfer fee minus the tax credits allowed.
United States · United States Congress · 28 July 2022
Fair Care Act of 202 2 This bill addresses the health care system, including Medicare, Medicaid, the private health insurance market, and the prescription drug approval process. The bill also revises tax provisions related to certain health care costs and establishes requirements for lawsuits involving health care provided, at least in part, through a federal program or with federal funds.
United States · United States Congress · 28 July 2022
Small Business Owner Tax Relief Act of 2022 This bill increases the tax deduction for the payroll taxes of small businesses and imposes an excise tax on corporations for their stock repurchases. The bill allows self-employed taxpayers earning less than $400,000 in a taxable year to deduct three-quarters (currently, one-half) of their payroll taxes. The bill also imposes an excise tax of 0.8% on the fair market value of any stock of a publicly traded domestic corporation that is repurchased by the corporation during the taxable year.
United States · United States Congress · 28 July 2022
This bill imposes a 100% excise tax on the purchase of a single-family home by a specified large investor (i.e., any person, other than a tax-exempt charitable organization or a governmental entity, with assets having a fair market value exceeding $20 million). The tax does not apply if the home is used as the principal residence of the investor or the sale to the investor is pursuant to a governmental program for providing housing to low-income individuals.
United States · United States Congress · 28 July 2022
Carbon Reduction and Tax Credit Act This bill imposes an excise tax on coal mines or oil or gas wells equal to $50 per ton of carbon contained in fuel produced at such mines or wells located in the United States, or entered into the United States for consumption, use, or warehousing. It also allows an individual taxpayer (other than a nonresident alien) a refundable income tax credit equal to $1,000, subject to a phaseout if the taxpayer's adjusted gross income exceeds a certain threshold amount. The dollar amounts in this bill are subject to a inflation adjustment in calendar years after 2023.
United States · United States Congress · 28 July 2022
This bill denies a tax exclusion for qualified parking fringe benefits unless employers providing such benefits offer their employees the option to receive, in lieu of the parking benefit, the fair market value of the parking (e.g., an equivalent cash benefit or alternative tax-exempt fringe benefit).
United States · United States Congress · 28 July 2022
Retirement Protection Act of 2022 This bill temporarily increases the contribution limits for certain retirement accounts. It also modifies the tax credit for contributions to certain retirement accounts (i.e., the Saver's Credit).
United States · United States Congress · 28 July 2022
Billionaire Minimum Income Tax Act This bill imposes a minimum tax on individual taxpayers whose net worth for the taxable year exceeds $100 million. The tax is equal to 20% of the sum of a taxpayer's taxable income, plus net unrealized gains for the taxable year. The tax may not exceed 40% of the amount by which the taxpayer's net worth exceeds $100 million.
United States · United States Congress · 28 July 2022
Financial Services and General Government Appropriations Act, 2023 This bill provides FY2023 appropriations for several federal departments and agencies, including the Department of the Treasury, the Executive Office of the President, the judiciary, the District of Columbia, and several independent agencies. The independent agencies funded in the bill include the Administrative Conference of the United States, the Barry Goldwater Scholarship and Excellence in Education Foundation, the Commodity Futures Trading Commission, the Consumer Product Safety Commission, the Election Assistance Commission, the Federal Communications Commission, the Federal Deposit Insurance Corporation, the Federal Election Commission, the Federal Labor Relations Authority, the Federal Permitting Improvement Steering Council, the Federal Trade Commission, the General Services Administration, the Harry S. Truman Scholarship Foundation, the Merit Systems Protection Board, the Morris K. Udall and Stewart L. Udall Foundation, the National Archives and Records Administration, the National Credit Union Administration, the Office of Government Ethics, the Office of Personnel Management, the Office of Special Counsel, the Privacy and Civil Liberties Oversight Board, the Public Buildings Reform Board, the Securities and Exchange Commission, the Selective Service System, the Small Business Administration, the U.S. Postal Service, and the U.S. Tax Court. The bill also sets forth requirements and restrictions for using funds provided by this and other appropriations acts.
United States · United States Congress · 28 July 2022
Rare Earth Magnet Manufacturing Production Tax Credit Act of 2022 This bill allows a new tax credit for the domestic production of rare earth magnets manufactured in the ordinary course of a taxpayer's trade or business. The bill defines rare earth magnet as a permanent magnet comprised of (1) an alloy of neodymium, iron, and boron, which may also include praseodymium, terbium, or dysprosium; or (2) an alloy of samarium and cobalt, which may also include gadolinium or any associated host mineral of a component rare earth material.
United States · United States Congress · 28 July 2022
This bill allows a deduction from gross income (above the line deduction) for attorney fees and court costs awarded with respect to a qualifying wildfire disaster (i.e., any forest or range fire that is a federally declared disaster, occurs in a disaster area, and occurs in 2015 or later). The bill excludes from the gross income of a taxpayer, for income tax purposes, amounts paid to compensate victims for losses or damages in connection with a qualifying wildfire disaster.
United States · United States Congress · 28 July 2022
Investor Justice Act of 2022 This bill establishes grants for investor advocacy clinics. To qualify, clinics associated with a law school or a tax-exempt organization must provide free legal representation to investors with securities arbitration and mediation claims pending before a registered national securities association.
United States · United States Senate · 27 July 2022
United States · United States Congress · 27 July 2022
Sets forth the rule for consideration of the Senate amendment to the House amendment to the Senate amendment to the bill (H.R. 4346) making appropriations for the Legislative Branch for the fiscal year ending September 30, 2022, and for other purposes, and providing for proceedings during the period from August 1, 2022, through September 12, 2022.
United States · United States Congress · 27 July 2022
Property Tax Reduction Act of 2022 This bill reduces federal Medicaid funding beginning in FY2025 for certain states that require political subdivisions to contribute funds towards medical assistance. Specifically, the bill applies to states that received, for FY2022, disproportionate share hospital (DSH) allotments greater than six times the national average. (DSHs are hospitals that receive additional payment under Medicaid for treating a large share of low-income patients.) Excepted from the bill are contributions that: (1) are required from a political subdivision that has a population greater than 5 million and imposes a local income tax upon its residents, or (2) were required for administrative expenses as of January 1, 2022.
United States · United States Congress · 26 July 2022
This resolution directs the Department of the Treasury to transmit to the House of Representatives, not later than 14 days after the adoption of this resolution, copies of any document, memo, correspondence, or other communication that refers or relates to (1) United States Pillar One tax revenue modeling data and reports estimating the impact of the OECD Pillar One agreement on reallocating taxing rights from the United States to foreign jurisdictions, or (2) the economic effects of the OECD Pillar One agreement on the U.S. Treasury. The OECD Pillar One agreement expands a country's authority to tax profits from companies that make sales into their country but don't have a physical location there.
United States · United States Congress · 26 July 2022
This resolution requires the Department of Health and Human Services (HHS) to provide to the House of Representatives, not later than 14 days after the adoption of this resolution, a copy of each document, memo, correspondence, or other communication between the White House and HHS that refers or relates to the reinterpretation of the tax credit for coverage under a qualified health plan and the requirement to maintain minimum essential health care coverage (commonly known as the fix to the family glitch ).
United States · United States Congress · 26 July 2022
Virtual Currency Tax Fairness Act This bill excludes from gross income, for income tax purposes, a limited amount of gain from the sale or exchange of virtual currency, unless such sale or exchange is for cash or cash equivalents, property used in the active conduct of a trade or business, or property held for the production of income. The exclusion does not apply if the total value of the sale or exchange exceeds $50, or the total gain exceeds $50 (both amounts adjusted annually for inflation). The bill defines virtual currency as a digital representation of value that functions as a unit of account, a store of value, or a medium of exchange, and is not a representation of the U.S. dollar or any foreign currency.
United States · United States Congress · 26 July 2022
National Advisory Council on Unpaid Meal Debt Act of 2022 This bill establishes the National Advisory Council on Unpaid Meal Debt in Child Nutrition Programs to provide recommendations to the Food and Nutrition Service with respect to addressing unpaid school meal fees by ensuring that students are not stigmatized and school food authorities can maintain fiscal solvency in order to ensure the long-term viability of school meal programs.
United States · United States Congress · 26 July 2022
This resolution directs the Small Business Administration (SBA) to provide the House of Representatives with any documents and communications during the period beginning on January 1, 2021, and ending on the date of adoption of this resolution that relate to the SBA's role in determining federal taxation of small businesses.