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Taxation

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

251 records in US in 2024

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Records

Bill· SS. 4871 (118th)referred

Working Waterfront Disaster Mitigation Tax Credit Act

United States · United States Congress · 31 July 2024

Working Waterfront Disaster Mitigation Tax Credit Act  This bill allows a new tax credit equal to 30% of the amount of investment in a working waterfront mitigation project. A mitigation project is designed to prevent or mitigate damage to working waterfront property by using structural elevation, flood risk reduction, shoreline stabilization, floodproofing, retrofitting, and warning systems. 

Bill· SS. 4856 (118th)referred

Veterans Jobs Opportunity Act

United States · United States Congress · 30 July 2024

Veterans Jobs Opportunity Act  This bill allows a new business-related tax credit for the start-up expenses of a veteran-owned small business in an underserved community.  The allowable amount of such credit is 15% of start-up expenditures that do not exceed $50,000. To be eligible for the credit, the small business must (1) be owned and controlled by one or more veterans or their spouses, and (2) have its principal place of business in an underserved community.  An underserved community is any area located within (1) a HubZone (as defined by the Small Business Act), (2) an empowerment zone or an enterprise community, (3) an area of low income or moderate income (as recognized by the Federal Financial Institutions Examination Council), or (4) a county with persistent poverty (as classified by the Economic Research Service of the Department of Agriculture). 

Bill· HRH.R. 9183 (118th)referred

STAR Act of 2024

United States · United States Congress · 30 July 2024

Bill· HRH.R. 9189 (118th)referred

Feed the Community Act

United States · United States Congress · 30 July 2024

Feed the Community Act  This bill allows a tax exemption for charitable donations of food transportation vehicles and food storage equipment to tax-exempt charitable organizations for providing food to individuals and communities in need.  

Bill· SS. 4826 (118th)referred

Audit the IRS Act

United States · United States Congress · 29 July 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· SS. 4806 (118th)referred

Wildfire Victim Tax Relief and Recovery Act

United States · United States Congress · 25 July 2024

Wildfire Victim Tax Relief and Recovery Act This bill allows farmers to defer taxes on gain from the sale or exchange of livestock because of a fire. (Conditions apply.) The bill also allows individuals to exclude from gross income (for tax purposes) certain disaster relief payments received in connection with specific Texas wildfires. Currently, farmers may defer gain on the sale or exchange of livestock (other than poultry) held for draft, breeding, or dairy purposes due to drought, flood, or other weather-related conditions for two years (four years if attributable to a federally-declared disaster). Otherwise, under current law, gain on the sale of livestock (including poultry) due to such weather-related conditions attributable to a federally-declared disaster may be deferred for one year. (Conditions apply.) The bill adds fire to the list of circumstances for which the gain on the sale or exchange of livestock may be deferred, thus allowing farmers to defer such gains for up to four years (depending on the type of livestock and whether the sale is attributable to a federally-declared disaster). The bill also allows individuals to exclude from gross income payments received from federal, state, or local government agencies or Xcel Energy (or any subsidiary, insurer, or agent of Xcel Energy) as compensation for unreimbursed losses, damages, and certain expenses attributable to the Smokehouse Creek, 687 Reamer, and Roughneck Fires (Hutchinson County, Texas, February and March 2024); Windy Deuce Fire (Moore County, Texas, February 2024); and Grape Vine Creek Fire (Gray County, Texas, February 2024).

Bill· SS. 4809 (118th)referred

Angel Tax Credit Act

United States · United States Congress · 25 July 2024

Angel Tax Credit Act This bill allows a new business-related tax credit for 25% of equity investments of $25,000 or more in a domestic corporation or partnership that (1) has its headquarters in the United States, (2) has gross revenue for the taxable year of less than $1 million, (3) employs fewer than 25 full-time employees, (4) has been in existence for less than 7 years as of the date of the investment, (5) has more than 50% of its employees performing substantially all of their services in the United States, and (6) is engaged in a high technology trade or business. The bill limits the allowable amount of such credit to $250,000 in any taxable year and imposes an overall limitation on such credit of $500 million for each of calendar years 2025-2029. 

Bill· SS. 4801 (118th)referred

Tax Relief for Coerced Debt Act of 2024

United States · United States Congress · 25 July 2024

Tax Relief for Coerced Debt Act of 2024 This bill excludes from gross income, for income tax purposes, income resulting from the discharge of coerced indebtedness. Under the bill, indebtedness of an individual is treated as coerced indebtedness if it was incurred as the result of the unknowing and unauthorized use of the individual's personal indentifying information, or by reason of economic abuse, intimidation, force, fraud, or deception, and the individual debtor was relieved of personal liability for the debt by a court judgment.

Bill· SS. 4804 (118th)referred

Health Over Wealth Act

United States · United States Congress · 25 July 2024

Health Over Wealth Act This bill establishes a series of restrictions and requirements regarding for-profit corporations that own health care entities. Specifically, the bill requires for-profit corporations that are controlled by private equity funds to obtain a license from the Department of Health and Human Services (HHS) before purchasing or investing in a health care entity. Additionally, for-profit corporations that own or are affiliated with health care entities must report certain ownership and financial information to HHS, such as the corporation's debts, assets, and political spending. The bill establishes civil penalties for violations. HHS must require for-profit corporations that are controlled by private equity funds to take certain actions to mitigate the risk of health care disruptions (e.g., escrow accounts to cover closures). In addition, as a condition of Medicare participation, hospitals must notify HHS about expected closures or discontinuations of services at least 90 days in advance. The bill also prohibits transactions between for-profit corporations or their affiliated health care entities and real estate investment trusts (REITs) if the transaction would weaken the health care entity's financial status; HHS may collect civil penalties and bring civil actions for violations. The bill additionally excludes rent from health care entities from factoring into whether a corporation may be considered a REIT for tax purposes. Finally, the bill prohibits investment companies from stripping assets from health care entities, and it requires bankruptcy courts to give substantial weight to how a bankruptcy plan involving health care entities would preserve health care quality and access. 

Bill· HRH.R. 9155 (118th)referred

Wildfire Victim Tax Relief and Recovery Act

United States · United States Congress · 25 July 2024

Wildfire Victim Tax Relief and Recovery Act  This bill allows farmers to defer taxes on gain from the sale or exchange of livestock because of a fire. (Conditions apply.) The bill also allows individuals to exclude from gross income (for tax purposes) certain disaster relief payments received in connection with specific Texas wildfires. Currently, farmers may defer gain on the sale or exchange of livestock (other than poultry) held for draft, breeding, or dairy purposes due to drought, flood, or other weather-related conditions for two years (four years if attributable to a federally-declared disaster). Otherwise, under current law, gain on the sale of livestock (including poultry) due to such weather-related conditions attributable to a federally-declared disaster may be deferred for one year. (Conditions apply.) The bill adds fire to the list of circumstances for which the gain on the sale or exchange of livestock may be deferred, thus allowing farmers to defer such gains for up to four years (depending on the type of livestock and whether the sale is attributable to a federally-declared disaster). The bill also allows individuals to exclude from gross income payments received from federal, state, or local government agencies or Xcel Energy (or any subsidiary, insurer, or agent of Xcel Energy) as compensation for unreimbursed losses, damages, and certain expenses attributable to the Smokehouse Creek, 687 Reamer, and Roughneck Fires (Hutchinson County, Texas, February and March 2024); Windy Deuce Fire (Moore County, Texas, February 2024); and Grape Vine Creek Fire (Gray County, Texas, February 2024).

Bill· HRH.R. 9143 (118th)referred

Ensuring State Attorney General Accountability Act

United States · United States Congress · 25 July 2024

Ensuring State Attorney General Accountability Act  This bill prohibits a tax-exempt charitable organization from providing direct funding to state attorneys general for the purpose of a lawsuit, investigation, or remuneration of personnel.

Bill· SS. 4729 (118th)referred

Convenient Care for Caregivers Act

United States · United States Congress · 23 July 2024

Convenient Care for Caregivers Act This bill requires the Administration on Aging to establish a pilot program to support the health and wellbeing of individuals with Alzheimer’s disease, or a related disorder with neurological and organic brain dysfunction, and their family caregivers. Grant recipients shall report specific health data, including cholesterol, weight, and self-reported emotional status, for enrolled individuals and caregivers upon enrollment and each fiscal year thereafter during which the caregiver remains enrolled. 

Bill· SS. 4730 (118th)referred

Dynamic Glass 2.0 Act

United States · United States Congress · 23 July 2024

Bill· HRH.R. 9109 (118th)referred

IRS Overreach Prevention Act

United States · United States Congress · 23 July 2024

IRS Overreach Prevention Act  This bill prohibits the Internal Revenue Service from continuing its Direct File program or from developing or providing to taxpayers any successor program that provides a free, public electronic return-filing service option. 

Resolution· HRESH.Res. 1370 (118th)passed

Providing for consideration of the bill (H.R. 8997) making appropriations for energy and water development and related agencies for the fiscal year ending September 30, 2025, and for other purposes, and providing for consideration of the bill (H.R. 8998) making appropriations for the Department of the Interior, environment, and related agencies for the fiscal year ending September 30, 2025, and for other purposes.

United States · United States Congress · 22 July 2024

Bill· HRH.R. 9088 (118th)referred

Increased Transparency in 501(c)(4) Organizations Act of 2024

United States · United States Congress · 22 July 2024

Increased Transparency in 501(c)(4) Organizations Act of 2024 This bill requires tax-exempt social welfare organizations under Section 501(c)(4) of the Internal Revenue Code to make notices of intent to operate under that section publicly available in the same manner as applications for tax exemptions made by other nonprofit organizations.  

Bill· HRH.R. 9069 (118th)referred

Renewing Investment in American Workers and Supply Chains Act

United States · United States Congress · 18 July 2024

Renewing Investment in American Workers and Supply Chains Act This bill assigns a 20-year recovery period to nonresidential real property and residential rental property for tax depreciation purposes. 

Bill· HRH.R. 9045 (118th)referred

Community Association Reporting Exemption Act

United States · United States Congress · 15 July 2024

Community Association Reporting Exemption Act This bill exempts certain tax-exempt homeowners associations from beneficial ownership information reporting requirements. 

Bill· SS. 4685 (118th)referred

Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024

United States · United States Congress · 11 July 2024

Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024 This bill allows a new tax credit through 2027 for truck fleet retreaded tires. The amount of the credit shall be equal to the lesser of 30% of the basis of each qualified retreaded tire or the amount incurred by a taxpayer to purchase such tires not to exceed $30 per tire.  A qualified retreaded tire is a retreaded truck tire that is retreaded and purchased in the United States.  The bill requires agency heads to purchase retreadable tires of certain sizes, load ranges, and desired tread designation instead of new non retreadable tires. 

Bill· SS. 4691 (118th)referred

No Tax Breaks for Drug Ads Act

United States · United States Congress · 11 July 2024

No Tax Breaks for Drug Ads Act This bill disallows any tax deduction for expenses relating to direct-to-consumer advertising of prescription drugs.

Bill· SS. 4678 (118th)open

Legislative Branch Appropriations Act, 2025

United States · United States Congress · 11 July 2024

Legislative Branch Appropriations Act, 2025 This bill provides FY2025 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 FY2025 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; the 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 are not included in the Senate bill.) The bill also sets forth requirements and restrictions for using funds provided by this bill.

Bill· HRH.R. 9000 (118th)referred

Airborne Act of 2024

United States · United States Congress · 11 July 2024

Bill· HRH.R. 9021 (118th)referred

No Tax Breaks for Drug Ads Act

United States · United States Congress · 11 July 2024

No Tax Breaks for Drug Ads Act This bill disallows any tax deduction for expenses relating to direct-to-consumer advertising of prescription drugs.

Bill· HRH.R. 9009 (118th)referred

Gas Prices Relief Act of 2024

United States · United States Congress · 11 July 2024

Gas Prices Relief Act of 2024 This bill eliminates the excise tax on gasoline from the enactment date of this bill until December 31, 2024 (gasoline tax holiday). The bill states that it is the policy of Congress that consumers immediately receive the benefit of this tax reduction.

Bill· HRH.R. 9010 (118th)referred

Universal Savings Account Act of 2024

United States · United States Congress · 11 July 2024

Universal Savings Account Act of 2024 This bill creates a new tax-exempt savings account to be known as a Universal Savings Account (USA). The bill allows eligible taxpayers to open an account and contribute up to $10,000 (adjusted for inflation) to an account each year. Contributions must be in cash and the allowable amount of contributions is subject to a phaseout based upon the taxpayer's modified adjusted gross income.  Distributions from a USA are excludible from gross income, for income tax purposes, and may be transferred to a taxpayer's spouse or child upon the death of the taxpayer. 

Bill· SS. 4642 (118th)referred

Ending Corporate Greed Act

United States · United States Congress · 9 July 2024

Ending Corporate Greed Act This bill imposes a tax through 2026 on certain corporations (corporations other than regulated investment companies, real estate investment trusts, or S corporations) that have average annual gross receipts for a three-year period of at least $500 million. The tax is 95% of what are deemed excess profits for a taxable year. 

Bill· HRH.R. 8971 (118th)referred

INFANT Tax Credit Act

United States · United States Congress · 9 July 2024

Resolution· HRESH.Res. 1341 (118th)passed

Providing for consideration of the bill (H.R. 8281) to amend the National Voter Registration Act of 1993 to require proof of United States citizenship to register an individual to vote in elections for Federal office, and for other purposes; providing for consideration of the joint resolution (H.J. Res. 165) providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to "Nondiscrimination on the Basis of Sex in Education Programs or Activities Receiving Federal Financial Assistance"; providing for consideration of the bill (H.R. 8772) making appropriations for the Legislative Branch for the fiscal year ending September 30, 2025, and for other purposes; providing for consideration of the bill (H.R. 7700) to prohibit the Secretary of Energy from prescribing or enforcing energy conservation standards for dishwashers that are not cost-effective or technologically feasible, and for other purposes; and providing for consideration of the bill (H.R. 7637) to prohibit the Secretary of Energy from prescribing or enforcing energy conservation standards for refrigerators, refrigerator-freezers, and freezers that are not cost-effective or technologically feasible, and for other purposes.

United States · United States Congress · 9 July 2024

This resolution provides for the House of Representatives to consider H.R. 8281 (requiring certain documentary proof of U.S. citizenship in order to register to vote in federal elections), H.J. Res. 165 (nullifying the final rule issued by the Department of Education titled Nondiscrimination on the Basis of Sex in Education Programs or Activities Receiving Federal Financial Assistance ), and H.R. 8772 (providing FY2025 appropriations for the legislative branch).

Bill· HRH.R. 8941 (118th)referred

No Tax on Tips Act

United States · United States Congress · 8 July 2024

No Tax on Tips Act This bill allows a deduction from gross income (above-the-line tax deduction) for cash tips received by a taxpayer. 

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