Taxation

To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for attorney fees and costs in connection with civil claim awards.

United States · United States Congress · 28 July 2017

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).

Pell Grant Flexibility Act of 2017

United States · United States Congress · 28 July 2017

Pell Grant Flexibility Act of 201 7 This bill amends the Internal Revenue Code to exclude from gross income any amount received as a Federal Pell Grant awarded under the Higher Education Act of 1965.

Student Loan Interest Tax Deduction Expansion Act

United States · United States Congress · 28 July 2017

Student Loan Interest Tax Deduction Expansion Act This bill amends the Internal Revenue Code, with respect to the tax deduction for interest on qualified education loans, to increase: (1) the dollar limitation on the deduction to $7,500 ($15,000 in the case of a joint return); and (2) the limitation on modified adjusted gross income to $100,000 ($200,000 in the case of a joint return).

Making College More Affordable Act

United States · United States Congress · 28 July 2017

Making College More Affordable Act This bill amends the Higher Education Act of 1965 by creating 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.

To amend title 38, United States Code, to increase the number of health care professionals employed by the Department of Veterans Affairs by improving the Department of Veterans Affairs Education Debt Reduction Program.

United States · United States Congress · 28 July 2017

This bill makes a Veterans Health Administration employee who provides patient care services in a position for which recruitment or retention of qualified personnel is difficult eligible for undergraduate and graduate education loan reduction under the Education Debt Reduction Program. (Currently, such loan reduction is available only for a course or training leading to a degree that qualifies the individual for a patient care services position.) The bill increases the five-year amount of education debt reduction payments made to or for a program participant from $120,000 to $240,000, of which not more than $60,000 (currently, $24,000) may be made in each year. The VA shall select program locations pursuant to a process that is similar to the process used to determine public health professional shortage areas. For purposes of providing tax liability reimbursements resulting from payments on behalf of an individual, the Department of Veterans Affairs (VA): (1) shall, in addition to such payments, make payments in an amount equal to 39% of the total amount of loan repayments made for the taxable year; and (2) may make such additional payments as the VA determines appropriate.

Savannah Hope Stillbirth Child Tax Credit Act

United States · United States Congress · 28 July 2017

Savannah Hope Stillbirth Child Tax Credit Act This bill amends the Internal Revenue Code, with respect to the child tax credit, to allow an additional $2,000 refundable tax credit for each birth by the taxpayer of a stillborn child during the taxable year.

Expressing the sense of the Congress that the current Federal income tax deduction for interest paid on debt secured by a first or second home and for property taxes should not be further restricted.

United States · United States Congress · 28 July 2017

Expresses the sense of Congress that the federal income tax deductions for interest paid on debt secured by a first or second home and for property taxes should not be further restricted.

Ensuring Integrity in the IRS Workforce Act of 2018

United States · United States Congress · 27 July 2017

Ensuring Integrity in the IRS Workforce Act of 201 7 This bill amends the Internal Revenue Code to prohibit the Internal Revenue Service (IRS) from rehiring any individual who was previously employed by the IRS but was removed for misconduct or whose employment was terminated for cause. No additional funds are authorized to carry out this bill.

Of inquiry directing the Secretary of the Treasury to provide to the House of Representatives the tax return information of President Donald J. Trump as well as the tax returns of each business entity disclosed by Donald J. Trump on his Office of Government Ethics Form 278e.

United States · United States Congress · 27 July 2017

Directs the Department of the Treasury to furnish to the House of Representatives the tax returns for tax years 2006-2016 of Donald J. Trump and of each business entity disclosed on his Office of Government Ethics Form 278e and any supplemental information in his possession relating to: the amount of taxes paid by Trump and each such business entity for such taxable years, Trump's and such entities' debts held by foreign governments or companies, Trump's and such entities' investments in foreign countries or enterprises, Trump's personal and business profits received from foreign enterprises, the amount of charitable giving claimed by Trump for such taxable years, and any use of tax shelters or other loopholes to reduce the amount of taxes owed. Lists the 515 business entities disclosed on such form.

Canadian Snowbird Visa Act

United States · United States Congress · 27 July 2017

Canadian Snowbird Visa Act This bill amends the Immigration and Nationality Act to authorize the Department of Homeland Security to admit into the United States as a nonimmigrant visitor for a period not to exceed 240 days during any single 365-day period a Canadian citizen who: (1) is at least 50 years old, (2) maintains a Canadian residence and owns a U.S. residence or has rented a U.S. accommodation for the duration of such stay, (3) is not inadmissible or deportable, (4) will not engage in employment or labor for hire in the United States other than for a non U.S.-based person or entity by whom the Canadian citizen was employed in Canada or for whom the Canadian citizen performed services in Canada, and (5) will not seek any form of assistance or benefit under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996. The spouse of such person may be admitted under the same terms except that he or she is not required to separately satisfy the residence/housing requirements. The bill grants a person so admitted nonresident alien tax status.

Julia Carson Responsible Fatherhood and Healthy Families Act of 2017

United States · United States Congress · 27 July 2017

Julia Carson Responsible Fatherhood and Healthy Families Act of 2017 This bill addresses issues related to child support and low-income families, including by reauthorizing the Temporary Assistance for Needy Families (TANF) program and revising the earned income tax credit.

Proposing an amendment to the Constitution of the United States which requires (except during time of war and subject to suspension by Congress) that the total amount of money expended by the United States during any fiscal year not exceed the amount of certain revenue received by the United States during such fiscal year and not exceed 20 percent of the gross domestic product of the United States during the previous calendar year.

United States · United States Congress · 27 July 2017

Constitutional Amendment This joint resolution proposes a constitutional amendment prohibiting the total amount of money expended by the United States during a fiscal year from exceeding total revenue received for that fiscal year, excluding revenue from the issuance of bonds, notes, or other obligations of the United States. The amendment also: (1) prohibits the total amount of money expended by the United States in any fiscal year from exceeding 20% of the gross domestic product of the United States, and (2) requires the President to submit to Congress an annual budget in which total outlays do not exceed total revenues received. The spending restrictions do not apply during a fiscal year in which a declaration of war is in effect, or if three-fifths of the Senate and two-thirds of the House of Representatives vote to suspend the restrictions.

Settlement Trust Improvement Act of 2017

United States · United States Congress · 27 July 2017

Settlement Trust Improvement Act of 2017 This bill amends the Internal Revenue Code, with respect to the tax treatment of Alaska Native Settlement Trusts, to: (1) allow an Alaska Native Corporation to assign certain payments referenced in the Alaska Native Claims Settlement Act to a trust without including the payments in the gross income of the corporation, (2) allow the corporation to elect annually to deduct contributions made to a trust, (3) allow a trust to elect to defer the recognition of gains related to contributions of property other than cash until the sale or exchange of the property, and (4) establish information reporting requirements for deductible contributions to a trust.

Food Recovery Act of 2017

United States · United States Congress · 27 July 2017

Food Recovery Act of 2017 This bill provides funding and establishes requirements to reduce food waste and standardize date labeling on food. The bill authorizes grants or loans for activities related to: raising awareness about wasted food and food recovery efforts to reduce the quantity of wasted food, reducing food waste at schools and farms, and installing facilities that include composting or anaerobic digesters that use food or crop waste to produce energy. The bill provides funds for: (1) state storage and distribution costs under the Emergency Food Assistance Program, and (2) national media campaigns to decrease food waste. The bill also: establishes a Food Recovery Liaison within the Department of Agriculture (USDA), specifies that composting is eligible for support under USDA's conservation programs, expands the tax deduction for charitable contributions to include contributions of food inventory for nonprofit retail sales, expands the liability protections for the donation of food, and requires companies that receive federal food service contracts to donate surplus food to nonprofit organizations that assist food-insecure people. The bill requires date labels on food packaging to include the phrases "best if used by" to indicate food quality and "use by" to warn of food that may be unsafe to eat after a specified date. Labelers may include a quality date on packaging, but must include a safety date on ready-to-eat products. No one may prohibit the sale, donation, or use of a product based on passage of the quality date of the product.

Providing for consideration of the bill (H.R. 3180) to authorize appropriations for fiscal year 2018 for intelligence and intelligence-related activities of the United States Government, the Community Management Account, and the Central Intelligence Agency Retirement and Disability System, and for other purposes; waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported from the Committee on Rules; and providing for proceedings during the period from July 31, 2017, through September 4, 2017.

United States · United States Congress · 27 July 2017

Sets forth the rule for consideration of the bill (H.R. 3180) to authorize appropriations for fiscal year 2018 for intelligence and intelligence-related activities of the United States Government, the Community Management Account, and the Central Intelligence Agency Retirement and Disability System, and for other purposes; waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported from the Committee on Rules; and providing for proceedings during the period from July 31, 2017, through September 4, 2017.

CO2 Regulatory Certainty Act

United States · United States Congress · 27 July 2017

CO2 Regulatory Certainty Act This bill amends the Internal Revenue Code to revise requirements for the secure geological storage of carbon dioxide for the purpose of the tax credit for carbon dioxide sequestration. The bill establishes a December 31, 2017, deadline and requirements for regulations that the Internal Revenue Service (IRS) is required, under current law, to establish for determining adequate security measures for the geological storage of the carbon dioxide such that carbon dioxide does not escape into the atmosphere. The IRS regulations must consider the carbon dioxide to be disposed of in secure geological storage if it is stored in compliance with specified rules promulgated by the Environmental Protection Agency under the Clean Air Act and the Safe Drinking Water Act for the geologic sequestration of carbon dioxide, the injection of carbon dioxide, and the criteria and standards for underground injection control programs that are applicable to Class II wells. The bill also revises the definition of "qualified enhanced oil or natural gas recovery project" to exclude a requirement for the first injection of liquids, gases, or other matter to commence after December 31, 1990.

Legislative Branch Appropriations Act, 2018

United States · United States Congress · 27 July 2017

Legislative Branch Appropriations Act, 2018 Provides FY2018 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. Provides FY2018 appropriations for: the Capitol Police; the Office of Compliance; the Congressional Budget Office; the Architect of the Capitol; the Library of Congress, including the Congressional Research Service (CRS) and the Copyright Office; the Government Publishing Office (GPO); the Government Accountability Office; the Open World Leadership Center Trust Fund; and the John C. Stennis Center for Public Service Training and Development. Requires certain CRS reports to be made available to the public using a GPO website. (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.) Sets forth permissible and prohibited uses for funds provided by this bill.

Ensuring Integrity in the IRS Workforce Act of 2017

United States · United States Congress · 27 July 2017

Ensuring Integrity in the IRS Workforce Act of 201 7 This bill amends the Internal Revenue Code to prohibit the Internal Revenue Service (IRS) from rehiring any individual who was previously employed by the IRS but was removed for misconduct or whose employment was terminated for cause. The bill generally applies with respect to any employee removed from employment before, on, or after the date of enactment of this bill. It does not apply to any employee who is employed by the IRS as of the enactment of this bill with respect to any removal for misconduct which occurred prior to enactment.

Reduce Barriers to College Act

United States · United States Congress · 27 July 2017

Reduce Barriers to College Act This bill requires the Internal Revenue Service (IRS) to ensure that the implemented authentication processes used for all current and future online applications provide the level of assurance required by National Institute of Standards and Technology standards for the determined level of authentication risk. Within 90 days of the enactment of this bill, the IRS must establish an online portal for individuals to request that a verification of nonfiling for any taxable year be submitted to the Department of Education as part of the process of completing the individual's Free Application for Federal Student Aid. The portal must authenticate an individual's identity using a valid Social Security number and any one of several documents specified in the bill. The bill amends the Higher Education Act of 1965 to permit certain independent students applying for federal student aid using the simplified needs test to obtain a verification of nonfiling from the IRS in lieu of certifying that the student (and the student's spouse, if any) is not required to file a federal income tax return.

HEAT Act of 2017

United States · United States Congress · 27 July 2017

HVAC Expensing and Technology Act of 2017 or the HEAT Act of 2017 This bill amends the Internal Revenue Code to allow expensing and accelerated cost recovery for certain energy efficient heating and air-conditioning property. The bill applies to certain real property: (1) with respect to which depreciation (or amortization in lieu of depreciation) is allowable; (2) which is installed as part of the heating, cooling, ventilation, and hot water systems; and (3) which is within the scope of specified standards of the American Society of Heating, Refrigerating, and Air Conditioning Engineers and the Illuminating Engineering Society of North America.

Tax Filing Simplification Act of 2017

United States · United States Congress · 27 July 2017

Tax Filing Simplification Act of 2017 This bill amends the Internal Revenue Code to require the Internal Revenue Service (IRS) to establish and operate the following programs free of charge: online tax preparation and filing software, a program for taxpayers to download third-party provided return information relating to individual income tax returns, a program to permit individuals with simplified tax situations to elect to have the IRS prepare their returns, and a program to provide technical assistance and federal tax return information for states that provide or seek to provide state-level tax preparation and filing software. The IRS may not enter into any agreement that restricts its legal right to provide tax return preparation services, software, or tax return filing services. An individual participating in the programs established by this bill must verify their identity to the satisfaction of the IRS.

To amend the Internal Revenue Code of 1986 to provide for a small partnership exception from certain requirements.

United States · United States Congress · 27 July 2017

This bill amends the Internal Revenue Code to exempt small partnerships from certain requirements relating to tax returns. The exception applies to any partnership having 10 or fewer partners, each of whom is an individual (other than a nonresident alien), a C corporation, or an estate of a deceased partner. For the purpose of the exception, a husband and wife (and their estates) must be treated as one partner. The bill allows a partnership to elect to have deficiency procedures apply to the assessment or collection of any underpayment of tax attributable to certain adjustments involving a change in a partner's distributive share of the amount of any partnership item shown on the partnership return.

To amend the Internal Revenue Code of 1986 to make permanent and modify the energy efficient commercial buildings deduction, and for other purposes.

United States · United States Congress · 27 July 2017

This bill amends the Internal Revenue Code, with respect to the deduction for energy efficient commercial buildings, to: (1) make the deduction permanent, (2) permit 501(c)(3) tax-exempt organizations and Indian tribal governments to allocate the deduction to the person primarily responsible for designing the property in lieu of the owner of the property, (3) allow partnerships and S corporations to receive the full benefit of a deduction allocated at the partner or shareholder level, and (4) exempt property placed in service in a qualified low-income building from the requirement to reduce the basis of the property by the amount of the deduction.

Automatic IRA Act of 2017

United States · United States Congress · 27 July 2017

Automatic IRA Act of 201 7 This bill amends the Internal Revenue Code to: (1) require certain employers who do not maintain qualifying retirement plans or arrangements to make available to their eligible employees a payroll deposit individual retirement account (IRA) arrangement (automatic IRA arrangement) which grants such employees the right to opt-out of participation; (2) require the Department of the Treasury to provide employers with a model notice for notifying employees of their opportunity to participate in an automatic IRA arrangement and for providing details regarding the election period; (3) impose a penalty on employers who fail to provide eligible employees access to an automatic IRA arrangement; (4) allow employers who do not have more than 100 employees a tax credit for costs associated with establishing an automatic IRA arrangement; and (5) increase the dollar limitation on the tax credit for small employer pension plan startup costs. The bill establishes an Automatic IRA Advisory Group to make recommendations regarding automatic IRA investment options. Treasury and the Department of Labor must jointly conduct feasibility studies on: (1) extending spousal consent requirements to automatic IRA arrangements; (2) automatically transferring amounts saved by employees in retirement bonds into alternative, private sector, diversified investments when employees' automatic IRA balances reach a certain dollar level; (3) using investment data to notify individuals with multiple small balance retirement accounts of consolidation options; and (4) using investment arrangements associated with automatic IRAs to assist in addressing the problem of abandoned accounts. Treasury and Labor must also prescribe administrative guidance for the use of multiple employer plans by December 31, 2018.

EITC Eligibility Verification Act

United States · United States Congress · 27 July 2017

EITC Eligibility Verification Act This bill amends the Internal Revenue Code, with respect to the earned income tax credit, to specify that the taxpayer identification number required to be included on the tax returns of eligible individuals is a Social Security number issued to an individual by the Social Security Administration, but only if the number is issued to: (1) a U.S. citizen, or (2) a noncitizen who is permitted to engage in employment in the United States.

To amend the Internal Revenue Code of 1986 to repeal the cover-over of rum excise tax revenue.

United States · United States Congress · 27 July 2017

This bill amends the Internal Revenue Code to repeal the provision that requires revenue from excise taxes on rum imported into the United States to be covered (paid) into the treasuries of Puerto Rico and the Virgin Islands.

Fairness for Agricultural Machinery and Equipment Act

United States · United States Congress · 27 July 2017

Fairness for Agricultural Machinery and Equipment Act This bill amends the Internal Revenue Code to: (1) make permanent the five-year recovery period for the depreciation of certain farming business machinery and equipment by eliminating the requirement that the property be placed in service before 2010; and (2) expand the machinery and equipment that qualifies as five-year property to include a grain bin, cotton ginning asset, or fence used in a farming business. The original use of the five-year property must commence with the taxpayer after the enactment of this bill.

Tax Relief for Artists Act of 2017

United States · United States Congress · 27 July 2017

Tax Relief for Artists Act of 2017 This bill amends the Internal Revenue Code to allow a standard deduction for the trade and business expenses of artists. The deduction is limited to the lesser of: (1) $2,500, or (2) the gross income of the taxpayer derived from one or more artistic trades or businesses carried on by the taxpayer (or, if less, taxable income). To be eligible for the deduction, a taxpayer must have: (1) household income for the taxable year that does not exceed 250% of the poverty line for a family of the size involved, and (2) gross income derived from one or more artistic trades or businesses carried on by the taxpayer. An "artistic trade or business" is any trade or business in the literary, graphic design, film, visual, media, musical, theatre, recording, or dance arts.

FINANCIAL SERVICES AND GENERAL GOVERNMENT APPROPRIATIONS FOR FISCAL YEAR 2018

United States · United States Senate · 26 July 2017

American Opportunity Carbon Fee Act of 2017

United States · United States Congress · 26 July 2017

American Opportunity Carbon Fee Act of 201 7 This bill amends the Internal Revenue Code to impose fees on: (1) fossil fuel products producing carbon dioxide emissions, including coal, petroleum products, and natural gas; (2) fluorinated greenhouse gases; (3) emissions of any greenhouse gas from any greenhouse gas emissions source; and (4) associated emissions (attributable to venting, flaring, and leakage across the supply chain). The bill directs the Department of the Treasury to: establish, implement, and report on a program to identify all major source categories of associated emissions and collect data on associated emissions from the coal, petroleum products, and natural gas supply chains; make specified adjustments to the new fees for importers and exporters of energy-intensive manufactured goods; make a specified payment each calendar year to certain Social Security beneficiaries, veterans, and disabled individuals; make cost mitigation grants to states to assist low-income and rural households and provide job training and worker transition assistance; and establish a website to make regular disclosures concerning revenue, tax savings, and benefits attributable to this bill. The bill also: (1) reduces the maximum income tax rate on corporations to 29% of taxable income over $75,000; and (2) allows a new carbon fee offset tax credit for the lesser of: 6.2% of earned income, or $550.

Stop Corporate Inversions Act of 2017

United States · United States Congress · 26 July 2017

Stop Corporate Inversions Act of 201 7 This bill amends the Internal Revenue Code to revise rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States). The bill provides that a foreign corporation that acquires the properties of a U.S. corporation or partnership after May 8, 2014, shall be treated as an inverted corporation and thus subject to U.S. taxation if, after such acquisition: (1) it holds more than 50% of the stock of the new entity (expanded affiliated group), or (2) the management or control of the new entity occurs primarily within the United States and the new entity has significant domestic business activities.  

To amend the Internal Revenue Code of 1986 to allow the volumetric excise tax credit for liquid fuel derived from natural gas through the Fischer-Tropsch process.

United States · United States Congress · 26 July 2017

This bill amends the Internal Revenue Code to allow an alternative fuel excise tax credit for liquid fuel derived from natural gas through the Fischer-Tropsch process. The Fischer-Tropsch process is a collection of chemical reactions that converts a mixture of carbon monoxide and hydrogen into liquid hydrocarbons.

Providing for further consideration of the bill (H.R. 3219) making appropriations for the Department of Defense for the fiscal year ending September 30, 2018, and for other purposes, and providing for consideration of motions to suspend the rules.

United States · United States Congress · 26 July 2017

Sets forth the rule for consideration of H.R. 3219 (Department of Defense Appropriations Act, 2018).

Fair Tax Treatment for Manufactured Housing Community Cooperatives Act

United States · United States Congress · 26 July 2017

Fair Tax Treatment for Manufactured Housing Community Cooperatives Act This bill amends the Internal Revenue Code to allow tenant-stockholders of a cooperative housing corporation to claim a deduction for real estate taxes and interest paid or incurred for land that is owned or leased by the corporation for dwelling purposes. (Under current law, the deduction applies to buildings and does not include land.)

Fair Elections Now Act

United States · United States Congress · 26 July 2017

Fair Elections Now Act This bill establishes the Fair Elections Fund, which shall provide funding to Senate candidates who meet specified conditions and agree to abide by certain requirements, such as limits on types of campaign funding sources and a minimum number of appearances in public debates. The bill also (1) revises provisions related to broadcasts of Senate campaign advertisements, (2) provides a tax credit for individuals who make certain types of Senate campaign contributions, and (3) imposes a tax on certain U.S. government contracts.

American Opportunity Carbon Fee Act of 2017

United States · United States Congress · 26 July 2017

American Opportunity Carbon Fee Act of 201 7 This bill amends the Internal Revenue Code to impose fees on: (1) fossil fuel products producing carbon dioxide emissions, including coal, petroleum products, and natural gas; (2) fluorinated greenhouse gases; (3) emissions of any greenhouse gas from any greenhouse gas emissions source; and (4) associated emissions (attributable to venting, flaring, and leakage across the supply chain). The bill directs the Department of the Treasury to: establish, implement, and report on a program to identify all major source categories of associated emissions and collect data on associated emissions from the coal, petroleum products, and natural gas supply chains; make specified adjustments to the new fees for importers and exporters of energy-intensive manufactured goods; make a specified payment each calendar year to certain Social Security beneficiaries, veterans, and disabled individuals; make cost mitigation grants to states to assist low-income and rural households and provide job training and worker transition assistance; and establish a website to make regular disclosures concerning revenue, tax savings, and benefits attributable to this bill. The bill also: (1) reduces the maximum income tax rate on corporations to 29% of taxable income over $75,000; and (2) allows a new carbon fee offset tax credit for the lesser of: 6.2% of earned income, or $550.

Stop Corporate Inversions Act of 2017

United States · United States Congress · 26 July 2017

Stop Corporate Inversions Act of 201 7 This bill amends the Internal Revenue Code to revise rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States). The bill provides that a foreign corporation that acquires the properties of a U.S. corporation or partnership after May 8, 2014, shall be treated as an inverted corporation and thus subject to U.S. taxation if, after such acquisition: (1) it holds more than 50% of the stock of the new entity (expanded affiliated group), or (2) the management or control of the new entity occurs primarily within the United States and the new entity has significant domestic business activities.  

New Collar Jobs Act of 2017

United States · United States Congress · 25 July 2017

New Collar Jobs Act of 2017 This bill amends the Internal Revenue Code to establish an employee cybersecurity education tax credit, not to exceed $5,000 a year per employee, for an employer who incurs costs for an employee who earns a certificate or degree at the undergraduate or graduate level or an industry-recognized certification listed in the National Initiative for Cybersecurity Education's Cybersecurity Workforce Framework. The Federal Acquisition Regulation is amended to provide a business that utilizes the employee cybersecurity education tax credit and submits a bid for a competitive federal contract valued at more than $5 million a 5% increase in the business's bid score. The bill amends the Higher Education Act of 1965 to authorize the Department of Education to cancel eligible Federal Direct Loans for borrowers who have: (1) made 36 consecutive monthly payments, and (2) held a cybersecurity job in an economically distressed area during at least 12 months of payments. The program will cancel up to $25,000 in loans. The Cybersecurity Enhancement Act of 2014 is amended to include teaching cybersecurity as an acceptable employment option to satisfy post-award obligations for recipients of a CyberCorps Scholarship-for-Service award.

529 OPTIONS Act

United States · United States Congress · 25 July 2017

529 Opening Paths To Invest in Our Nation's Students Act or the 529 OPTIONS Act This bill amends the Internal Revenue Code to allow distributions from qualified tuition programs (known as 529 plans) to be used for certain expenses associated with registered apprenticeship programs. The bill expands the definition of "qualified higher education expenses" for which tax-free distributions are allowed to include: (1) books, supplies, and equipment required for the enrollment or attendance of a designated beneficiary in an apprenticeship program registered and certified with the Department of Labor; (2) child care at a licensed day care center, and transportation, in connection with such enrollment or attendance; and (3) costs associated with obtaining an industry certification or other credential in connection with an apprenticeship program.

Department of State Authorities Act, Fiscal Year 2018

United States · United States Congress · 25 July 2017

Department of State Authorities Act, Fiscal Year 2018 This bill directs the Department of State to report to Congress regarding State Department and U.S. Agency for International Development reorganization plans. The State Department is urged to establish an Office of Global Women's Issues. The bill calls for establishment in the State Department of: (1) a Bureau of Democracy, Human Rights, and Labor; (2) an Assistant Secretary for International Narcotics and Law Enforcement Affairs; and (3) an Office of International Disability Rights. The State Department shall: (1) consult semiannually with appropriate federal agencies regarding the security of U.S. government and nongovernmental information systems used by the State Department, and (2) develop a Bureau of Diplomatic Security training program for detecting classified information spillage. The State Department shall: (1) periodically report to Congress regarding ongoing overseas capital construction and major embassy security upgrade projects, and (2) report annually to Congress on security violations. The bill sets forth State Department personnel and staffing provisions, including workplace diversity provisions. The State Department may make grants or enter into cooperative agreements for science and technology fellowships. The State Department shall appoint a Director of Research and Evaluation to evaluate public diplomacy programs. The bill sets forth public anti-corruption provisions, including requiring the State Department to: (1) designate an anti-corruption point of contact at appropriate U.S. missions; and (2) manage a whole-of-government effort to improve coordination among U.S. agencies that have a role in promoting good governance in foreign countries. Each U.S. government agency that enters into any international agreement, other than a treaty, on behalf of the United States shall designate a Chief International Agreements Officer who shall transmit the agreement to the State Department.

Providing for consideration of the bill (H.R. 3219) making appropriations for the Department of Defense for the fiscal year ending September 30, 2018, and for other purposes.

United States · United States Congress · 25 July 2017

Sets forth the rule for consideration of the bill (H.R. 3219) making appropriations for the Department of Defense for the fiscal year ending September 30, 2018.

To amend the Internal Revenue Code of 1986 to change the classification of employers and employees for services providers.

United States · United States Congress · 25 July 2017

This bill amends the Internal Revenue Code to establish a test for determining if a service provider should be classified as an independent contractor rather than as an employee for tax purposes. If the requirements of the test are met, the provider may not be treated as an employee, the recipient or any payor may not be treated as an employer, and compensation for the service may not be treated as paid or received with respect to employment. The factors of the test include: the relationship between the parties (i.e., the provider incurs expenses or risks income fluctuations; does not work exclusively for a single recipient; performs the service for a particular amount of time, to achieve a specific result, or to complete a specific task; or is a sales person compensated primarily on a commission basis); the place of business or ownership of the equipment (i.e., the provider has a principal place of business, which can be home or mobile-based, or bears financial responsibility for the equipment used to provide the service); and the services are performed under a written contract that meets certain requirements (i.e., specifies that the provider is not an employee, the recipient will satisfy reporting requirements, and that the provider is responsible for taxes on the compensation). The bill also sets forth: (1) reporting requirements for service recipients who meet the requirements of the test, and (2) procedures for the reclassification of employment status by the Internal Revenue Service.

Housing Homeless Veterans Act of 2017

United States · United States Congress · 25 July 2017

Housing Homeless Veterans Act of 201 7 This bill amends the United States Housing Act of 1937 to require the Department of Housing and Urban Development (HUD), in making Veterans Affairs-Supported Housing (VASH) program funds available among public-housing agencies (PHAs) for rental voucher assistance for homeless veterans who have chronic mental illnesses or chronic substance-use disorders, to give priority to PHAs that: (1) serve areas having the highest numbers of homeless veterans, and (2) have fully utilized their available HUD-VASH funds for the preceding fiscal year and have demonstrated need for such incremental assistance. HUD shall: (1) recapture from a PHA certain unused HUD-VASH assistance, and (2) reallocate recaptured amounts to PHAs that have used their entire allocations of HUD-VASH assistance.

EARN IT Act

United States · United States Congress · 25 July 2017

Enhancing Advancement, Reducing Noncompliance, and Improving Trust Act or the EARN IT Act This bill amends the Internal Revenue Code to increase the Earned Income Tax Credit (EITC) for individuals with no qualifying children and to establish additional requirements for claiming the EITC and the child tax credit. The bill modifies the EITC for individuals with no qualifying children by: increasing the credit and phaseout percentages, increasing the earned income and phaseout amounts, reducing the minimum age to claim the credit, and modifying the formula for inflation adjustments. For a qualifying child to be taken into account for the EITC, a tax return must include a certification of the child's residency. The bill prohibits the refundable portion of the child tax credit (commonly referred to as the additional child tax credit) from being claimed for a qualifying child unless the tax return includes a valid Social Security number for the child. The bill increases from two to five years the disallowance period for taxpayers who improperly claim the EITC due to reckless or intentional disregard of rules and regulations.

DEPSCoR Reauthorization Act of 2017

United States · United States Congress · 25 July 2017

DEPSCoR Reauthorization Act of 2017 This bill amends the National Defense Authorization Act for Fiscal Year 1995 to rename the Defense Experimental Program to Stimulate Competitive Research as the Defense Established Program to Stimulate Competitive Research. It modifies program objectives and activities to increase the number of researchers capable of performing science and engineering research responsive to Department of Defense (DOD) needs and to provide assistance to science and engineering researchers at institutions of higher education through collaboration between DOD and such researchers.

Senior Housing IRA Act of 2017

United States · United States Congress · 24 July 2017

Senior Housing Improvement and Retirement Accounts Act of 2017 or the Senior Housing IRA Act of 2017 This bill amends the Internal Revenue Code, with respect to the tax treatment of gains from the sale or exchange of a principal residence, to: (1) allow a qualified individual to contribute the gains from the sale or exchange to a Roth Individual Retirement Arrangement (IRA) as a qualified rollover contribution which is exempt from contribution limits, and (2) increase the $250,000 limit on the exclusion from gross income for gains from the sale of a principal residence by the amount of the rollover contribution. The bill applies to individuals who: (1) have attained the age of 55 before the date of the sale or exchange, (2) have owned and used the property as a principal residence for at least 20 years, and (3) have not previously elected to treat a contribution to a Roth IRA as a qualified rollover contribution under the authority provided by this bill.

A bill to amend the Internal Revenue Code of 1986 for purposes of the tax on private foundation excess business holdings to treat as outstanding any employee-owned stock purchased by a business enterprise pursuant to certain employee stock ownership retirement plans.

United States · United States Congress · 24 July 2017

This bill amends the Internal Revenue Code to exclude certain purchases of employee-owned stock from being considered as outstanding voting stock for the purpose of the tax on excess business holdings of a private foundation in a business enterprise. The bill applies to any voting stock that is: (1) not readily tradable on an established securities market; (2) purchased by the business enterprise on or after January 1, 2005, from an employee stock ownership plan in which employees of the business enterprise participate, in connection with a distribution from the plan; and (3) held by the business enterprise as treasury stock, cancelled, or retired.

Establishing the congressional budget for the United States Government for fiscal year 2018 and setting forth the appropriate budgetary levels for fiscal years 2019 through 2027.

United States · United States Congress · 21 July 2017

Establishes the congressional budget for the federal government for FY2018 and sets forth budgetary levels for FY2019-FY2027. Recommends levels and amounts for FY2018-FY2027 for: federal revenues, new budget authority, budget outlays, deficits (on-budget), debt subject to limit, debt held by the public, and the major functional categories of spending. Includes reconciliation instructions directing 11 specified House authorizing committees to submit deficit reduction legislation to the House Budget Committee by October 6, 2017. Sets forth budget enforcement procedures addressing: long-term direct spending; allocations for Overseas Contingency Operations/ Global War on Terrorism; changes in mandatory programs; estimates of debt service costs, credit programs, macroeconomic effects, and energy saving performance contracts; adjustments to spending levels; advance appropriations; transfers from the general fund of the Treasury to the Highway Trust Fund; Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) guarantee fees; and Federal Reserve System surpluses. Establishes reserve funds for legislation relating to: the commercialization of air traffic control, investments in national infrastructure, comprehensive tax reform, or the State Children's Health Insurance Program (CHIP). Sets forth policy statements on several fiscal and domestic policy issues.

Make America Secure and Prosperous Appropriations Act, 2018

United States · United States Congress · 21 July 2017

Department of the Interior, Environment, and Related Agencies Appropriations Act, 2018 Provides FY2018 appropriations for the Department of the Interior, the Environmental Protection Agency (EPA), and related agencies. Provides appropriations to Interior for: the Bureau of Land Management, the U.S. Fish and Wildlife Service, the National Park Service, the U.S. Geological Survey, the Bureau of Ocean Energy Management, the Bureau of Safety and Environmental Enforcement, the Office of Surface Mining Reclamation and Enforcement, and the Bureau of Indian Affairs and Bureau of Indian Education. Provides appropriations to Interior for Departmental Offices, including: the Office of the Secretary, Insular Affairs, the Office of the Solicitor, the Office of Inspector General, and the Office of the Special Trustee for American Indians. Provides appropriations to Interior for Department-Wide Programs, including: Wildland Fire Management, the Central Hazardous Materials Fund, the Natural Resources Damage Assessment Fund, the Working Capital Fund, the Office of Natural Resources Revenue, and Payments In Lieu of Taxes (PILT). Provides appropriations to the EPA. Provides appropriations to the Department of Agriculture for the Forest Service. Provides appropriations to the Department of Health and Human Services for: the Indian Health Service, the National Institute of Environmental Health Sciences, and the Agency for Toxic Substances and Disease Registry. Provides appropriations to other related agencies, including: the Executive Office of the President for the Council on Environmental Quality and the Office of Environmental Quality; the Chemical Safety and Hazard Investigation Board; the Office of Navajo and Hopi Indian Relocation; the Institute of American Indian and Alaska Native Culture and Arts Development; the Smithsonian Institution; the National Gallery of Art; the John F. Kennedy Center for the Performing Arts; the Woodrow Wilson International Center for Scholars; the National Foundation on the Arts and Humanities, including the National Endowment for the Arts and the National Endowment for the Humanities; the Commission of Fine Arts; the Advisory Council on Historic Preservation; the National Capital Planning Commission; the U.S. Holocaust Memorial Museum; the Dwight D. Eisenhower Memorial Commission; the Women's Suffrage Centennial Commission; and the World War I Centennial Commission. Sets forth permissible and prohibited uses for funds provided by this and other appropriations Acts.

MONETARY POLICY V. FISCAL POLICY: RISKS TO PRICE STABILITY AND THE ECONOMY

United States · United States House of Representatives · 20 July 2017