Skip to content
PoliticalRepoPoliticalRepo

Subjects · US

Taxation

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

201 records in US in 2024

All countriesSearch this topic

Records

Resolution· SCONRESS.Con.Res. 41 (118th)failed

A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034.

United States · United States Congress · 12 September 2024

This concurrent resolution establishes the congressional budget for the federal government for FY2025 and sets forth budgetary levels for FY2026-FY2034. The resolution recommends levels and amounts for FY2025-FY2034 for federal revenues, new budget authority, budget outlays, deficits, public debt, debt held by the public, and the major functional categories of spending. It also recommends levels and amounts for Social Security and Postal Service discretionary administrative expenses for the purpose of budget enforcement in the Senate. In addition, the resolution establishes reserve funds that allow certain adjustments to committee allocations and other budgetary levels to accommodate legislation relating to (1) efficiencies, consolidations, and other savings; or (2) health savings accounts. The resolution also sets forth budget enforcement procedures that address issues such as budget points of order, emergency legislation, and Congressional Budget Office cost estimates.

Bill· SS. 5008 (118th)referred

A bill to amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.

United States · United States Congress · 10 September 2024

This bill increases the annual limit on the tax credit for qualified railroad track maintenance expenses (also referred to as the short line railroad tax credit) and expands eligibility for claiming the credit. Under current law, the tax credit is limited each tax year to $3,500 multiplied by the sum of the number of miles of railroad track owned or leased by the taxpayer (miles owned or leased) and the number of railroad track miles assigned to the taxpayer by a Class II or III railroad (miles assigned). This bill increases the annual limit to $6,100 multiplied by the sum of miles owned or leased and miles assigned. The $6,100 amount used in the calculation of the tax credit limit is adjusted for inflation for tax years beginning after 2025. The bill also expands eligibility for the tax credit to include gross expenses for maintaining railroad tracks owned or leased as of January 1, 2024. Under current law, the tax credit is limited to gross expenses for maintaining railroad tracks owned or leased as of January 1, 2015. 

Resolution· HRESH.Res. 1430 (118th)passed

Providing for consideration of the bill (H.R. 1398) to establish the CCP Initiative program, and for other purposes; providing for consideration of the bill (H.R. 1425) to require any convention, agreement, or other international instrument on pandemic prevention, preparedness, and response reached by the World Health Assembly to be subject to Senate ratification; providing for consideration of the bill (H.R. 1516) to establish Department of Homeland Security funding restrictions on institutions of higher education that have a relationship with Confucius Institutes, and for other purposes; providing for consideration of the bill (H.R. 7980) to amend the Internal Revenue Code of 1986 to exclude vehicles the batteries of which contain materials sourced from prohibited foreign entities from the clean vehicle credit; providing for consideration of the bill (H.R. 9456) to amend the Defense Production Act of 1950 with respect to foreign investments in United States agriculture, and for other purposes; and providing for consideration of the bill (H.R. 9494) making continuing appropriations for fiscal year 2025, and for other purposes.

United States · United States Congress · 10 September 2024

This resolution sets forth the rule for consideration of multiple bills: the bill (H.R. 1398) to establish the CCP Initiative program; the bill (H.R. 1425) to require any convention, agreement, or other international instrument on pandemic prevention, preparedness, and response reached by the World Health Assembly to be subject to Senate ratification; the bill (H.R. 1516) to establish Department of Homeland Security funding restrictions on institutions of higher education that have a relationship with Confucius Institutes; the bill (H.R. 7980) to amend the Internal Revenue Code of 1986 to exclude from the clean vehicle credit vehicles with batteries that contain materials sourced from prohibited foreign entities; the bill (H.R. 9456) to amend the Defense Production Act of 1950 with respect to foreign investments in United States agriculture; and the bill (H.R. 9494) making continuing appropriations for FY2025.

Bill· HRH.R. 9518 (118th)referred

BRAVE Act of 2024

United States · United States Congress · 10 September 2024

Burden Relief for Active-duty Vital Exemptions Act of 2024 or the BRAVE ACT of 2024 This bill excludes from taxable income compensation received by members of the Armed Forces who are deployed outside of the United States. Under current law, the exclusion is limited to compensation received by members of the Armed Forces who are deployed to a designated combat zone.

Bill· HRH.R. 9522 (118th)referred

To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.

United States · United States Congress · 10 September 2024

This bill increases the annual limit on the tax credit for qualified railroad track maintenance expenses (also referred to as the short line railroad tax credit) and expands eligibility for claiming the credit. Under current law, the tax credit is limited each tax year to $3,500 multiplied by the sum of the number of miles of railroad track owned or leased by the taxpayer (miles owned or leased) and the number of railroad track miles assigned to the taxpayer by a Class II or III railroad (miles assigned). This bill increases the annual limit to $6,100 multiplied by the sum of miles owned or leased and miles assigned. The $6,100 amount used in the calculation of the tax credit limit is adjusted for inflation for tax years beginning after 2025. The bill also expands eligibility for the tax credit to include gross expenses for maintaining railroad tracks owned or leased as of January 1, 2024. Under current law, the tax credit is limited to gross expenses for maintaining railroad tracks owned or leased as of January 1, 2015. 

Bill· HRH.R. 9495 (118th)open

Stop Terror-Financing and Tax Penalties on American Hostages Act

United States · United States Congress · 9 September 2024

Stop Terror-Financing and Tax Penalties on American Hostages Act  This bill postpones certain tax filing deadlines for U.S. nationals and their spouses who are unlawfully or wrongfully detained abroad or held hostage abroad. It also allows for a refund and abatement of tax penalties and fines paid by detained individuals.  The bill terminates the tax-exempt status of terrorist supporting organizations.   

Bill· HRH.R. 9508 (118th)referred

PAW Act of 2024

United States · United States Congress · 9 September 2024

People and Animals Well-being Act of 2024 or the PAW Act of 2024 This bill treats amounts paid for veterinary care or a pet health insurance plan of a service animal as medical care for purposes of the tax deduction for medical expenses.

Bill· HRH.R. 9461 (118th)open

USA Workforce Investment Act

United States · United States Congress · 6 September 2024

USA Workforce Investment Act  This bill allows a new tax credit for contributions to workforce development and apprenticeship training programs.

Bill· HRH.R. 9465 (118th)referred

Seniors in the Workforce Tax Relief Act

United States · United States Congress · 6 September 2024

Seniors in the Workforce Tax Relief Act This bill allows an above-the-line tax deduction through 2028 for individual taxpayers who have attained age 65 at the end of the taxable year. The deduction is equal to $25,000 reduced by a percentage of the taxpayer's adjusted gross income. 

Bill· HRH.R. 9464 (118th)referred

Supporting Transit Commutes Act

United States · United States Congress · 6 September 2024

Supporting Transit Commutes Act  This bill allows employers a tax deduction for certain transportation fringe benefits (e.g., commuter and parking costs, bicycle reimbursements) paid to their employees. It also gives employers a 50% tax deduction for the amount of benefits withheld from their employees' wages. 

Bill· HRH.R. 9431 (118th)referred

Hostage Private Debt Tax Freedom Act

United States · United States Congress · 30 August 2024

Hostage Private Debt Tax Freedom Act  This bill excludes from gross income, for income tax purposes, income resulting from the discharge of indebtedness of individuals wrongfully detained abroad.

Bill· HRH.R. 9425 (118th)referred

Tobacco User Fee Modernization Act of 2024

United States · United States Congress · 30 August 2024

Tobacco User Fee Modernization Act of 2024 This bill expands fees for tobacco product manufacturers and importers to apply to additional products, such as electronic cigarettes, and it increases the total amount of the fees collected annually. Under current law, the Food and Drug Administration (FDA) must assess and collect user fees from tobacco product manufacturers and importers for six product classes: (1) cigarettes, (2) cigars, (3) snuff, (4) chewing tobacco, (5) pipe tobacco, and (6) roll-your-own tobacco. The FDA must collect a specified total amount of user fees each fiscal year, which is allocated among the six classes based on volume and assessed based on each company’s market share for the class. The FDA has determined it does not currently have authority to assess user fees for other tobacco products outside of the six classes, such as electronic cigarettes, vape pens, or hookah tobacco. The bill expands the user fees to also apply to other tobacco products , which the bill defines as products that are made or derived from tobacco, or contain nicotine from any source, but do not fit within one of the current six product classes. In FY2028, the FDA must begin collecting user fees for these other tobacco products. Additionally, the bill increases the total annual amount of collected user fees, with increases after FY2025 based on inflation. The assessment of the total annual amount is allocated across both the six current classes and the bill’s new class of other tobacco products.

Bill· HRH.R. 9411 (118th)referred

Homeowners Premium Tax Reduction Act of 2024

United States · United States Congress · 27 August 2024

Homeowners Premium Tax Reduction Act of 2024  This bill allows a deduction from gross income (above-the-line tax deduction) for up to $10,000 of annual policy premiums paid or incurred for homeowners insurance for an individual's principal residence. 

Bill· HRH.R. 9394 (118th)referred

HOPE Act of 2024

United States · United States Congress · 23 August 2024

Bill· HRH.R. 9361 (118th)referred

EITC for Older Workers Act of 2024

United States · United States Congress · 16 August 2024

EITC for Older Workers Act of 2024  This bill repeals the upper age limit (i.e., age 65) on eligibility for the earned income tax credit. 

Bill· HRH.R. 9354 (118th)referred

Single Parent Penalty Elimination Act of 2024

United States · United States Congress · 13 August 2024

Single Parent Penalty Elimination Act of 2024 This bill revises the child tax credit by increasing its allowable amount from $1,000 to $2,000. It also repeals income eligibility limits for such credit and makes the credit fully refundable.  As an offset to this bill's revenue effect, the corporate income tax rate is increased from 21% to 28%. 

Bill· HRH.R. 9353 (118th)referred

Proposing a balanced budget amendment to the Constitution of the United States.

United States · United States Congress · 13 August 2024

This bill proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year unless Congress authorizes the excess by a three-fifths roll call vote of each chamber. The prohibition excludes outlays for repayment of debt principal, receipts derived from borrowing, receipts or outlays of the Social Security and Medicare trust funds, and outlays relating to a natural disaster if the act providing the funds explicitly exempts the funds from the requirement and is agreed to by a majority of each chamber of Congress. The amendment requires the President to annually submit to Congress a budget in which total outlays do not exceed total receipts. The amendment specifies exceptions to the requirements if a declaration of war is in effect, the United States is engaged in military conflict that causes an imminent and serious military threat to national security, economic growth is less than 0%, or the unemployment rate is more than 7%. The amendment prohibits a court from enforcing the requirements by ordering reductions to Social Security or Medicare payments unless the funds available to the trust fund for a program are not sufficient to cover the outlays that would occur during the year if the fund were fully solvent.

Bill· HRH.R. 9346 (118th)referred

Audit the IRS Act

United States · United States Congress · 13 August 2024

Audit the IRS Act This bill prohibits an individual who has a seriously delinquent tax debt from being appointed, or continue serving, as an officer or employee of the Internal Revenue Service. 

Bill· HRH.R. 9333 (118th)referred

IVF for Families Act

United States · United States Congress · 9 August 2024

IVF for Families Act This bill establishes a nonrefundable tax credit of up to $15,000 for qualified fertility treatment expenses paid or incurred during the tax year. Expenses that qualify for the tax credit include any amounts paid or incurred for procedures intended to facilitate pregnancy, including those that involve the handling of human egg, sperm, or embryo outside of the body (e.g., in vitro fertilization), and those that do not involve the handling of human egg, sperm, or embryo outside of the body (e.g., ovulation induction). The tax credit may not be claimed for any fertility treatment expenses that were reimbursed by insurance or that are used to claim another tax credit or deduction. Taxpayers who are married at the end of the tax year must file a joint return to claim the tax credit. The requirement to file a joint return does not apply to individuals legally separated, divorced, and some married individuals living apart.

Bill· HRH.R. 9275 (118th)referred

End Kidney Deaths Act

United States · United States Congress · 2 August 2024

Bill· HRH.R. 9254 (118th)referred

Tax Fairness for Survivors Act

United States · United States Congress · 2 August 2024

Tax Fairness for Survivors Act  This bill excludes from gross income, for income and payroll tax purposes, amounts received in connection with a claim of unlawful discrimination  as judgments, awards, or settlements with respect to assault or sexual harassment claims. 

Bill· HRH.R. 9298 (118th)referred

SWIM Act of 2024

United States · United States Congress · 2 August 2024

Safe Water Instruction for Minors Act of 2024 or the SWIM Act of 2024 This bill allows a new tax deduction for qualified water competency and water safety lesson expenses, up to $500 for each taxpayer ($1,000 for married taxpayers filing a joint return). Such expenses include amounts paid to participate in basic water safety and basic swimming instruction or for equipment necessary for such participation  

Bill· HRH.R. 9256 (118th)referred

To amend the Internal Revenue Code of 1986 to increase and adjust for inflation the above-the-line deduction for teachers.

United States · United States Congress · 2 August 2024

This bill increases from $250 to $1,000 the tax deduction for certain expenses (e.g., books, supplies, computer equipment and software) of eligible educators (i.e., a kindergarten through grade 12 teacher, instructor, counselor, principal, or aide in a school for at least 900 hours during a school year).  

Bill· HRH.R. 9281 (118th)referred

Helping Young Americans Save for Retirement Act

United States · United States Congress · 2 August 2024

Helping Young Americans Save for Retirement Act  This bill lowers the age for participation in tax-exempt pension plans from 21 to 18. 

Bill· HRH.R. 9263 (118th)referred

Supporting Innovation in Agriculture Act of 2024

United States · United States Congress · 2 August 2024

Supporting Innovation in Agriculture Act of 2024 This bill establishes a new tax credit for investment in any innovative agricultural technology project. The amount of the credit is 30% of such investment. The bill defines innovative agricultural technology project as an agricultural technology or system placed in service before December 31, 2035, and for which the primary purpose is to produce, store, process, and package specialty crops using precision agriculture or controlled environment agriculture. 

Bill· HRH.R. 9260 (118th)referred

Freedom from Unfair Gun Taxes Act of 2024

United States · United States Congress · 2 August 2024

Freedom from Unfair Gun Taxes Act of 2024 This bill prohibits states or localities from imposing a levy or collecting an excise tax on the sale of a firearm, ammunition, or any part or component thereof, by a manufacture or retailer. 

Bill· SS. 4924 (118th)referred

Renewing Investment in American Workers and Supply Chains Act

United States · United States Congress · 1 August 2024

Renewing Investment in American Workers and Supply Chains Act This bill classifies nonresidential real property and residential rental property as 20-year property for depreciation purposes. 

Bill· SS. 4931 (118th)referred

Renewable Chemicals Act of 2024

United States · United States Congress · 1 August 2024

Renewable Chemicals Act of 2024 This bill allows a new tax credit for the production of renewable chemicals. Specifically, it allows a credit for u p to 15% of the sales price of each pound of a renewable chemical. A renewable chemical is any chemical that is produced in the United States from renewable biomass and is not less than 95% biobased content.  The bill also allows a 30% tax credit for investment in renewable chemical production facilities. 

Bill· SS. 4934 (118th)referred

Homeowners Premium Tax Reduction Act of 2024

United States · United States Congress · 1 August 2024

Homeowners Premium Tax Reduction Act of 2024 This bill allows a deduction from gross income (above-the-line tax deduction) for up to $10,000 of annual policy premiums paid or incurred for homeowners insurance for an individual's principal residence. 

Bill· SS. 4928 (118th)open

Financial Services and General Government Appropriations Act, 2025

United States · United States Congress · 1 August 2024

Financial Services and General Government Appropriations Act, 2025 This bill provides FY2025 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 Commodity Futures Trading Commission, the Consumer Product Safety Commission, the Council of the Inspectors General on Integrity and Efficiency, the Election Assistance Commission, the Federal Communications Commission, the Federal Deposit Insurance Corporation, the Federal Election Commission, the Federal Labor Relations Authority, 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.

Bill· SS. 4960 (118th)referred

Freedom from Unfair Gun Taxes Act

United States · United States Congress · 1 August 2024

Freedom from Unfair Gun Taxes Act  This bill prohibits states or localities from imposing a levy or collecting an excise tax on the sale of a firearm, ammunition, or any part or component thereof, by a manufacturer or dealer in interstate or foreign commerce. 

Bill· SS. 4911 (118th)referred

ABLE Employment Flexibility Act

United States · United States Congress · 31 July 2024

ABLE Employment Flexibility Act   This bill permits employers to make tax-exempt contributions to ABLE (Achieving Better Life Experience) accounts in lieu of making contributions to existing tax-exempt defined contribution retirement plans. An ABLE account pays the expenses (e.g., food, education, housing, transportation, employment training and support, and health care expenses) of a designated beneficiary who is disabled. 

PreviousPage 4 of 5Next