Taxation

Resources To Prevent Youth Vaping Act

United States · United States Congress · 22 July 2021

Resources to Prevent Youth Vaping Act This bill directs the Food and Drug Administration (FDA) to collect user fees on products that it deems by regulation to be tobacco products, including electronic nicotine delivery systems, and addresses related issues. Currently, the FDA is authorized to collect user fees only on specified classes of tobacco products. The bill increases the total amount of such fees to be collected for FY2022. For each fiscal year after, the total amount of such fees shall be adjusted according to changes in a price index.  Starting in FY2024, the FDA must assess user fees on classes of products that it has deemed by regulation to be tobacco products, unless the FDA fails to finalize a formula for assessing such fees on time. Once it is finalized, the FDA may only revise this formula by regulation. The bill also requires each tobacco manufacturer and importer to periodically submit certain information related to the tobacco products that it sells or distributes in the United States. The FDA must annually report to Congress about its use of such tobacco product fees.

Tax Credit Restoration Act of 2021

United States · United States Congress · 22 July 2021

Tax Credit Restoration Act of 2021 This bill requires the calculation of the base erosion minimum tax amount without regard to any offsetting credits. The base erosion and anti-abuse tax is levied on certain large corporations with deductions for amounts paid or accrued to foreign-related parties that are greater than 3% of their total deductions (2% in the case of certain banks or registered securities dealers).

Motorsports Fairness and Permanency Act of 2021

United States · United States Congress · 22 July 2021

Motorsports Fairness and Permanency Act of 2021 This bill modifies the requirements for calculating taxable income to make permanent the accelerated depreciation (seven-year recovery period) of motorsports entertainment complexes.

WRCR Act of 2021

United States · United States Congress · 22 July 2021

Worker Relief and Credit Reform Act of 2021 or the WRCR Act of 2021 This bill modifies the earned income tax credit to (1) make the credit available to certain students, (2) modify the age requirement for the credit, (3) include care-giving and learning as compensated work for purposes of the credit, (4) revise the definition of qualifying dependents eligible for the credit, (5) increase the credit for certain unmarried individuals with two or more qualifying children, and (6) require the Internal Revenue Service (IRS) to establish a program for making direct advance monthly payments of the credit to eligible taxpayers. The bill directs the IRS to establish a program to educate taxpayers about the availability of the earned income tax credit and the advance monthly payments of such credit.

To amend title VI of the Social Security Act to allow for the use of the Coronavirus State fiscal recovery fund to support mental and behavioral health programs, and for other purposes.

United States · United States Congress · 22 July 2021

This bill permits state, tribal, and territorial governments to use designated COVID-19 relief funding to support mental and behavioral health programs. Currently, this funding is available to eligible governments through December 31, 2024, for responding to the COVID-19 public health emergency or its negative economic impacts; supporting essential workers and businesses; maintaining government services; and investing in water, sewer, or broadband infrastructure.

ABLE Employment Flexibility Act

United States · United States Congress · 22 July 2021

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

Water Conservation Rebate Tax Parity Act

United States · United States Congress · 22 July 2021

Water Conservation Rebate Tax Parity Act This bill expands the tax exclusions for energy conservation subsidies to include subsidies provided (directly or indirectly) (1) by a public utility for the purchase or installation of any water conservation or efficiency measure; (2) by a storm water management provider for the purchase or installation of any storm water management measure; or (3) by a state or local government to a resident of such state or locality for the purchase or installation of any wastewater management measure, but only if such measure concerns the taxpayer's principal residence.

Disaster Mitigation and Tax Parity Act of 2021

United States · United States Congress · 22 July 2021

Disaster Mitigation and Tax Parity Act of 2021 This bill excludes from gross income, for income tax purposes, any qualified catastrophe mitigation payment made under a state-based catastrophe loss mitigation program. A qualified catastrophe mitigation payment means any amount received for making improvements to an individual's residence for the sole purpose of reducing the damage that would be done to such residence by a windstorm, earthquake, or wildfire.

To amend the Internal Revenue Code of 1986 to repeal the limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands, and for other purposes.

United States · United States Congress · 22 July 2021

This bill repeals the limitation on the amount of distilled spirits excise tax covered over (paid) to the treasuries of the U.S. Virgin Islands and the Commonwealth of Puerto Rico. The bill requires certain amounts of the excise tax paid to the treasury of Puerto Rico to be transferred to the Puerto Rico Conservation Trust Fund.

Modern, Clean, and Safe Trucks Act of 2021

United States · United States Congress · 22 July 2021

Modern, Clean, and Safe Trucks Act of 2021 This bill repeals the 12% excise tax on the retail sale of heavy trucks and trailers.

American Opportunity Tax Credit Enhancement Act of 2021

United States · United States Congress · 22 July 2021

American Opportunity Tax Credit Enhancement Act of 2021 This bill modifies the American Opportunity and Lifetime Learning tax credits to make the American Opportunity tax credit 100% refundable. It also modifies the provision denying the American Opportunity tax credit to students convicted of a federal or state felony relating to the possession or distribution of a controlled substance. Students may not be denied such credit unless the prison term for the drug offense is at least 15 years.

Broadcast VOICES Act

United States · United States Congress · 22 July 2021

Broadcast Varied Ownership Incentives for Community Expanded Service Act or the Broadcast VOICES Act This bill requires the Federal Communications Commission (FCC) to take certain actions to increase diversity of ownership in the broadcasting industry and establishes related tax incentives. Specifically, the bill requires the FCC to report to Congress regarding (1) recommendations for increasing the total number, and the value, of broadcast stations that are owned by socially disadvantaged individuals; (2) the total number of broadcast stations that are owned by socially disadvantaged individuals; and (3) whether there is a nexus between diversity of ownership or control of broadcast stations and the diversity of the viewpoints expressed on the stations. In addition, the bill allows companies engaged in the qualifying sale of a broadcast station to receive favorable tax treatment by electing nonrecognition of the gain or loss resulting from the sale. To qualify for this treatment, the sale must result in or preserve ownership of a broadcast station by socially disadvantaged individuals. Finally, the establishes a tax credit for certain contributions toward the training of socially disadvantaged individuals in the management and operation of broadcast stations.

Tax-Free Pell Grant Act

United States · United States Congress · 22 July 2021

Tax-Free Pell Grant Act This bill excludes from gross income, for income tax purposes, any amount received as a federal Pell Grant. It also expands the definition of qualified tuition and related expenses under the American Opportunity and Lifetime Learning tax credit to include computer or peripheral equipment (up to a maximum of $1,000), child and dependent care expenses, and course materials.

Resources To Prevent Youth Vaping Act

United States · United States Congress · 22 July 2021

Resources to Prevent Youth Vaping Act This bill directs the Food and Drug Administration (FDA) to collect user fees on products that it deems by regulation to be tobacco products, including electronic nicotine delivery systems, and addresses related issues. Currently, the FDA is authorized to collect user fees only on specified classes of tobacco products. The bill increases the total amount of such fees to be collected for FY2022. For each fiscal year after, the total amount of such fees shall be adjusted according to changes in a price index.  Starting in FY2024, the FDA must assess user fees on classes of products that it has deemed by regulation to be tobacco products, unless the FDA fails to finalize a formula for assessing such fees on time. Once it is finalized, the FDA may only revise this formula by regulation. The bill also requires each tobacco manufacturer and importer to periodically submit certain information related to the tobacco products that it sells or distributes in the United States. The FDA must annually report to Congress about its use of such tobacco product fees.

Encouraging Americans to Save Act

United States · United States Congress · 22 July 2021

Encouraging Americans to Save Act This bill sets forth provisions to provide matching payments for retirement savings and Individual Retirement Account (IRA) contributions for individuals who have attained the age of 18 years, excluding taxpayer dependents. Specifically, it allows an enhanced 50% tax credit, up to $2,000, for deductible retirement savings contributions and for IRA contributions. The bill also directs the Internal Revenue Service (IRS) to establish the R-Bond Program as a permanent program for the establishment and maintenance of individual retirement plans and directs the IRS to educate taxpayers on the benefits of the savings programs provided by this bill.

Local Journalism Sustainability Act

United States · United States Congress · 22 July 2021

Local Journalism Sustainability Act This bill allows individual taxpayers a tax credit up to $250 in any taxable year for subscriptions to one or more local newspapers for the taxpayer's personal use. It also allows a local news journalist employer a payroll credit for wages paid to local news journalists. The bill allows certain small businesses a tax credit for amounts paid for advertising in a local newspaper or through a broadcast of a radio or television station serving a local community.

Water Conservation Rebate Tax Parity Act

United States · United States Congress · 22 July 2021

Water Conservation Rebate Tax Parity Act This bill expands the tax exclusion for energy conservation subsidies provided by public utilities to include certain subsidies for water conservation or efficiency measures and storm water management measures. The bill excludes from gross income subsidies provided (directly or indirectly) (1) by a public utility to a customer, or by a state or local government to a resident of such state or locality, for the purchase or installation of any water conservation or efficiency measure; and (2) by a storm water management provider to a customer, or by a state or local government to a resident of such state or locality, for the purchase or installation of any storm water management measure.

Agriculture Environmental Stewardship Act of 2021

United States · United States Congress · 22 July 2021

Agriculture Environmental Stewardship Act of 2021 This bill allows energy tax credits through 2023 for investments in (1) qualified biogas property, or (2) qualified manure resource recovery property. Qualified biogas property comprises a system that (1) uses anaerobic digesters or other specified processes to convert biomass into a gas which is at least 52% methane, and (2) captures the gas for use as a fuel. The term includes property that cleans and conditions the gas for use as a fuel. Qualified manure resource recovery property comprises a system that uses specified processes to recover the nutrients nitrogen and phosphorus from a non-treated digestate or animal manure by reducing or separating at least 50% of the nutrients, excluding any reductions during the incineration, storage, composting, or field application of the non-treated digestate or animal manure. The term also includes certain processing equipment. The Department of the Treasury must enter into an agreement with the National Renewable Energy Laboratory for a study of biogas and report to Congress on the study.

PLANE Act of 2021

United States · United States Congress · 22 July 2021

Promoting the Launch of Aviation's Next Era Act of 2021 or the PLANE Act of 2021 This bill revises provisions related to the Federal Aviation Administration (FAA), including provisions for air traffic controllers and protections for the aviation community. Among other things, the bill expands pilot protection to include that pilot facing an investigation by the FAA can appeal to a federal district court for de novo review, establishes a five-year public-private partnership for general aviation airports to attract private sector investments, designates certain general aviation airports as disaster relief airports, directs employees and staff of the FAA Academy responsible for training air traffic controllers to remain open during a government shutdown, provides practical experience for trainee air traffic control operators, and requires that all tax receipts from aviation fuel sources are deposited in the Airport and Airway Trust Fund.

REVIEW OF FISCAL YEAR 2022 BUDGET FOR THE COAST GUARD AND MARITIME TRANSPORTATION PROGRAMS

United States · United States House of Representatives · 21 July 2021

[ERRATA]- EXAMINING THE PRESIDENTS'FISCAL YEAR 2022 BUDGET PROPOSAL FOR THE U.S. BUREAU OF RECLAMATION..

United States · United States House of Representatives · 21 July 2021

EXAMINING THE PRESIDENT'S FISCAL YEAR 2022 BUDGET PROPOSAL FOR THE U.S. BUREAU OF RECLAMATION, U.S. GEOLOGICAL SURVEY, U.S. FISH AND WILDLIFE SERVICE, AND NATIONAL OCEANIC AND ATMOSPHERIC ASSOCIATION

United States · United States House of Representatives · 21 July 2021

DEPARTMENT OF DEFENSE APPROPRIATIONS FOR FISCAL YEAR 2022

United States · United States Senate · 21 July 2021

[H.A.S.C. No. 117-56] REVIEW OF THE FISCAL YEAR 2022 BUDGET REQUEST FOR U.S.SPECIAL OPERATIONS FORCES AND COMMAND

United States · United States House of Representatives · 21 July 2021

Growth and Opportunities Act of 2021

United States · United States Congress · 21 July 2021

Growth and Opportunities Act of 2021 This bill permits qualified opportunity zones to be designated every 10 years. A qualified opportunity zone is an economically distressed or low-income area in which tax incentives are available to promote investment. Under current law, the existing zone designations expire after 10 years, and no additional designations are allowed.

REVIVE the CCC Act

United States · United States Congress · 21 July 2021

Restore Environmental Vitality and Improve Volatile Economy by the Civilian Conservation Corps Act or the REVIVE the CCC Act This bill permits AmeriCorps to establish the Civilian Conservation Corps (CCC) to address unemployment and environmental conservation and requires the Department of Agriculture to establish an agricultural workforce development program to incentivize apprenticeships in agriculture. The CCC must make grants to local host entities to allow those entities to select applicants to participate in conservation-related service projects. Local entities eligible for grants include, among others, state and local offices, nonprofit organizations, sponsors of apprenticeship programs, and individual farmers. A prospective CCC member must apply for placement with an approved local host for a service position hosted by that local entity. Applicants selected are considered CCC members but are not considered employees of the local host. The local host must provide CCC members with an allowance of $15 per hour of service and must provide a basic healthcare plan to full-time members. A CCC member who completes a term of service with a local host may be eligible to receive an award of up to $5,000 from AmeriCorps towards the costs of an apprenticeship program. These awards and allowances are not considered income for purposes of federal income taxation. The bill also requires the Department of Agriculture to establish an agricultural workforce development program to encourage agricultural businesses to employ apprentices by reimbursing up to 50% of apprenticeship costs.

Long-Term Care Affordability Act

United States · United States Congress · 21 July 2021

Long-Term Care Affordability Act This bill allows the use of tax-exempt retirement plan distributions to pay for long-term health care insurance. Specifically, it excludes such distributions from the gross income of an insured individual up to $2,500 for per individual in a taxable year. It also imposes reporting requirements on plans and insured individuals and requires a description of long-term care insurance arrangements and facts sheets for employers and workers.

Fund the Police Act of 2021

United States · United States Congress · 21 July 2021

Fund the Police Act of 2021 The bill rescinds specified COVID-19 relief funds and makes the funding available to the Department of Justice (DOJ) for law enforcement grant programs. Specifically, the bill rescinds certain unobligated funds that were provided by the American Rescue Plan Act of 2021 for making payments to states, territories, and tribal governments to mitigate the fiscal effects stemming from the COVID-19 public health emergency. The bill makes the rescinded funds available to DOJ for (1) the Edward Byrne Memorial Justice Assistance Grant program, and the (2) Community Oriented Policing Services (COPS) grant program. It also makes a portion of the funds available to establish a Law Enforcement Assistance Trust Fund to ensure the long-term availability of federal support for state and local law enforcement activities.

E-BIKE Act

United States · United States Congress · 21 July 2021

Electric Bicycle Incentive Kickstart for the Environment Act or the E-BIKE Act This bill allows a refundable tax credit for 30% of the cost of a qualified electric bicycle. The credit is limited to $1,500 per taxpayer less all credits allowed for the two preceding taxable years. A qualified electric bicycle is a two- or three-wheeled vehicle that is, among other things, equipped with an electric motor of less than 750 watts that is capable of propelling such vehicle.

[H.A.S.C. NO. 117-54] NONGOVERNMENTAL VIEWS ON THE FISCAL YEAR 2022 DEPARTMENT OF DEFENSE BUDGET

United States · United States House of Representatives · 20 July 2021

Relief for Seasonal Businesses Act of 2021

United States · United States Congress · 20 July 2021

Relief for Seasonal Businesses Act of 2021 This bill raises the annual numerical limit on H-2B (temporary nonagricultural workers) nonimmigrant visas and provides an exemption to this cap for certain applicants. Specifically, the bill raises the annual cap on such visas from 66,000 to 350,000. Furthermore, if a worker seeking an H-2B visa had been counted toward the annual cap in one of the three preceding fiscal years, that worker shall not be counted against the cap again.

ENTRÉE Act

United States · United States Congress · 20 July 2021

Entrepreneurs Need Timely Replenishment (for) Eating Establishments Act or the ENTRÉE Act This bill provides FY2021 supplemental appropriations for the Restaurant Revitalization Fund and modifies requirements related to administration of the fund. The fund was established in response to COVID-19 to make grants to eligible food and beverage purveyors for covering specified costs such as payroll, operational expenses, and paid sick leave. The bill correspondingly rescinds unobligated amounts previously made available for the Economic Injury Disaster Loan Program and coronavirus state and local fiscal recovery funds. Further, the bill requires the Small Business Administration (SBA) to (1) review and process grant applications in the order in which they are received; (2) impose requirements on applicants that reduce waste, fraud, and abuse; and (3) submit and report monthly on an oversight and audit plan outlining the SBA's policies, procedures, and activities with respect to these grants.

Health Insurance Marketplace Affordability Act of 2021

United States · United States Congress · 20 July 2021

Health Insurance Marketplace Affordability Act of 2021 This bill modifies the refundable tax credit for health care premium assistance to require an age rate adjustment to the applicable percentage used to determine the amount of such credit. The age rate adjustment for any individual shall be determined using a single national age rating curve specified in guidance by the Department of Health and Human Services and shall reflect market patterns in the individual health care market.

Water and Agriculture Tax Reform Act of 2021

United States · United States Congress · 20 July 2021

Water and Agriculture Tax Reform Act of 2021 This bill permits tax-exempt mutual ditch or irrigation companies to earn income from dispositions of certain property and stock interests without affecting their tax-exempt status, but requires that such income be used to pay the costs of operations, maintenance, and capital improvements of such a company. The bill also establishes a rule regarding the organizational governance of mutual ditch or irrigation companies. Where state law provides that such a company may be organized in a manner that permits voting on a basis that is pro rata to share ownership on corporate governance matters, the tax-exempt status of the mutual ditch or irrigation company must be determined without taking into account whether its member shareholders have one vote on corporate governance matters per share held in the corporation.

Tax Fairness for the Self-Employed Act of 2021

United States · United States Congress · 20 July 2021

Tax Fairness for the Self-Employed Act of 2021 This bill allows the tax deduction for health insurance costs in determining net earnings from self-employment.

Everyday Philanthropist Act

United States · United States Congress · 20 July 2021

Everyday Philanthropist Act This bill allows employers to offer certain employees a tax-advantaged flexible giving account as a fringe benefit. Flexible giving accounts allow employees to set aside up to $2,700 of their annual pretax earnings to make tax-deductible charitable contributions without having to itemize tax deductions.

Small Business Tax Fairness Act

United States · United States Congress · 20 July 2021

Small Business Tax Fairness Act This bill revises the tax deduction for qualified business income to limit eligibility for such deduction to individual taxpayers. It also modifies rules for calculating the amount of such deduction and limitations on it.

Water and Agriculture Tax Reform Act of 2021

United States · United States Congress · 20 July 2021

Water and Agriculture Tax Reform Act of 2021 This bill permits tax-exempt mutual ditch or irrigation companies to earn income from dispositions of certain property and stock interests without affecting their tax-exempt status, but requires that such income be used to pay the costs of operations, maintenance, and capital improvements of such a company. The bill also establishes a rule regarding the organizational governance of mutual ditch or irrigation companies. Where state law provides that such a company may be organized in a manner that permits voting on a basis that is pro rata to share ownership on corporate governance matters, the tax-exempt status of the mutual ditch or irrigation company must be determined without taking into account whether its member shareholders have one vote on corporate governance matters per share held in the corporation.

Uniting Families Act of 2021

United States · United States Congress · 19 July 2021

Uniting Families Act of 2021 This bill establishes a nonimmigrant visa category for the adult alien children of a U.S. citizen who served in the Armed Forces. To obtain a visa, the alien's citizen parent must petition and receive approval from the Department of Homeland Security. The petition shall include (1) DNA evidence establishing the parent-child relationship, (2) a written statement that the parent will provide financial support until the alien receives lawful permanent resident status, and (3) proof of the parent's U.S. citizenship and active duty with the Armed Forces abroad. If the parent is deceased, an adult sibling of the alien may file the petition if the sibling is capable of providing financial support until the alien receives lawful permanent status. Such a petition must include evidence that the petitioner and the alien are siblings, such as birth certificates showing at least one common parent. The period of authorized admission for aliens with the visa is five years, and 5,000 principal aliens may be admitted each fiscal year. Holders of such a visa may adjust to lawful permanent resident status after meeting various requirements, such as being admissible as an immigrant.

Health Enterprise Zones Act of 2021

United States · United States Congress · 19 July 2021

Health Enterprise Zones Act of 2021 This bill provides for the designation of Health Enterprise Zones in certain geographic areas with documented and measurable health disparities. This designation, which expires 10 fiscal years after the bill's enactment, confers eligibility for certain grants, student loan repayment programs, and tax credits for those working to reduce health disparities and improve health outcomes in these zones. Specifically, community-based nonprofits or local government agencies, in coalition with health care providers, social service organizations, and others, may apply to the Department of Health and Human Services (HHS) for the designation. The application must include a plan to reduce health disparities and achieve other outcomes. In implementing the program, HHS must consult with, among others, the Department of Housing and Urban Development. When approving applications, HHS shall consider factors including geographic diversity and the commitment of supporting funds from the private sector. HHS (1) may award grants to organizations or agencies that applied for the designation to support activities aligned with their plans, and (2) must carry out a student loan repayment program for health care providers who agree to provide services in a Health Enterprise Zone. In addition, the bill establishes tax credits for employers that hire, and individuals who work as, Health Enterprise Zone workers.

FAIR Transition and Competition Act

United States · United States Congress · 19 July 2021

Fair, Affordable, Innovative, and Resilient Transition and Competition Act or the FAIR Transition and Competition Act This bill requires the Department of the Treasury, not later than July 1, 2023, and annually thereafter, to determine the domestic environmental cost incurred for industrial facilities producing steel, aluminum, cement, iron, or other products (sectors), and for the production of natural gas, petroleum, or coal (covered fuels) that are or may be used to emit greenhouse gases. By that same date, the Environmental Protection Agency must determine and publish the average greenhouse gas emissions of each sector to determine progress in reducing such emissions. The bill imposes a fee (border carbon adjustment) on importers of covered fuels and products. Treasury must provide to each state a resilient communities grant to provide job training and worker transition assistance, assist certain governmental entities and frontline communities, alleviate historical burdens imposed on communities of color and other vulnerable populations, and to assist small businesses disproportionately impacted by the border carbon adjustment fee.

Religious Freedom Peace Tax Fund Act

United States · United States Congress · 19 July 2021

Religious Freedom Peace Tax Fund Act This bill directs the Department of the Treasury to establish the Religious Freedom Peace Tax Fund for the deposit of income, gift, and estate taxes paid by or on behalf of taxpayers (1) who are designated conscientious objectors opposed to participation in war in any form based upon their sincerely held moral, ethical, or religious beliefs or training (within the meaning of the Military Selective Service Act); and (2) who have certified their beliefs in writing. Amounts deposited in the fund shall be allocated annually to any appropriation not for a military purpose. Treasury shall report to the House and Senate Appropriations Committees on the total amount transferred into the fund during the preceding fiscal year and the purposes for which such amount was allocated. The privacy of individuals using the fund shall be protected.

FAIR Transition and Competition Act

United States · United States Congress · 19 July 2021

Fair, Affordable, Innovative, and Resilient Transition and Competition Act or the FAIR Transition and Competition Act This bill requires the Department of the Treasury, not later than July 1, 2023, and annually thereafter, to determine the domestic environmental cost incurred for industrial facilities producing steel, aluminum, cement, iron, or other products (sectors), and for the production of natural gas, petroleum, or coal (covered fuels) that are or may be used to emit greenhouse gases. By that same date, the Environmental Protection Agency must determine and publish the average greenhouse gas emissions of each sector to determine progress in reducing such emissions. The bill imposes a fee (border carbon adjustment) on importers of covered fuels and products. Treasury must provide to each state a resilient communities grant to provide job training and worker transition assistance, assist certain governmental entities and frontline communities, alleviate historical burdens imposed on communities of color and other vulnerable populations, and to assist small businesses disproportionately impacted by the border carbon adjustment fee.

Made in America Pandemic Preparedness Act

United States · United States Congress · 16 July 2021

Made in America Pandemic Preparedness Act This bill establishes a pandemic preparation tax credit and a requirement to maintain in the Strategic National Stockpile a specified amount of personal protective equipment (PPE). The pandemic preparation tax credit is an amount equal to 20% of the qualified expenses paid or incurred by the taxpayer for purposes of producing PPE that qualifies for addition to the Strategic National Stockpile. The bill requires, with some exceptions, that the PPE in the stockpile be produced domestically. If the Department of Health and Human Services (HHS) determines that the requirement is not satisfied, it shall (1) notify specified congressional committees on a quarterly basis, and (2) post each notification on a General Services Administration website. The Office of Management and Budget must work with HHS to report biannually on (1) the inventory of PPE in the Strategic National Stockpile and in stockpiles of other federal agencies and nonfederal entities, and (2) the quantities of PPE that would be required for an array of possible emergencies, including a pandemic or other public health emergency that could last at least a year.

National Infrastructure Investment Corporation Act of 2021

United States · United States Congress · 16 July 2021

National Infrastructure Investment Corporation Act of 20 21 This bill establishes the National Infrastructure Investment Corporation to finance infrastructure projects that are beyond the financing capabilities of states and cities, including to (1) prioritize projects in a fair and efficient manner, and (2) minimize financial costs to the federal government. The corporation must provide loans, loan guarantees, and bonds to eligible applicants for infrastructure projects in the United States. Every five years, the Government Accountability Office must evaluate the activities of the corporation from the previous five fiscal years and submit to Congress a report containing the results of the evaluation.

EITC and ACTC Eligibility Verification Act

United States · United States Congress · 16 July 2021

EITC and ACTC Eligibility Verification Act This bill denies the earned income tax credit and the refundable portion of the child tax credit to individuals who are not authorized to work in the United States.

No Tax on Social Security Act of 2021

United States · United States Congress · 16 July 2021

No Tax on Social Security Act of 2021 This bill excludes from gross income, for income tax purposes, social security benefits (i.e., title II retirement benefits and railroad retirement benefits).

End Double Taxation of Successful Consumer Claims Act

United States · United States Congress · 16 July 2021

End Double Taxation of Successful Consumer Claims Act This bill allows a deduction from gross income (above-the-line deduction) for attorney fees and court costs in connection with a claim of a consumer protection violation.

Tax Fairness for Tribal Youth Act of 2021

United States · United States Congress · 16 July 2021

Tax Fairness for Tribal Youth Act of 2021 This bill treats certain payments made by Indian tribal governments to children as earned income of the child for the purposes of the kiddie tax (the tax on the unearned income of children). This has the effect of exempting the payments from the tax. The bill applies to taxable years beginning after December 31, 2021.

Maintaining and Enhancing Hydroelectricity and River Restoration Act of 2021

United States · United States Congress · 16 July 2021

Maintaining and Enhancing Hydroelectricity and River Restoration Act of 2021 This bill allows a new tax credit for maintaining and enhancing hydroelectric dams that is equal to 30% of the basis of any qualified dam safety, environmental, and grid resilience enhancement property placed in service in a taxable year. It also allows a 30% credit for qualified obsolete river obstruction removal expenditures for demolishing and removing certain nonpowered or hydroelectric dams.