Taxation

To amend the Internal Revenue Code of 1986 to permit expenditures from health savings accounts for gym memberships and costs of home gym equipment, to repeal the requirement that health plan be high deductible, and for other purposes.

United States · United States Congress · 18 June 2020

This bill modifies requirements for health savings accounts (HSAs) to allow payments from such accounts for gym memberships, home gym equipment, and dietary nutritional supplements. It also eliminates the prohibition against Medicare recipients participating in an HSA and the requirement that HSA participants be covered under a high deductible health plan.

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 · 18 June 2020

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.

National Security Innovation Pathway Act

United States · United States Congress · 18 June 2020

National Security Innovation Pathway Act This bill authorizes the Department of Homeland Security (DHS) to provide special immigrant status to a qualified alien involved with research critical to U.S. national security. Generally, a qualified alien is one who (1) is employed by a U.S. employer to work and protect the National Security Innovation Base, (2) is engaged in Department of Defense-funded research at a U.S. institution of higher education, or (3) possesses scientific or technical expertise that will advance the development of certain technologies critical to national security. In addition, the Department of Defense (DOD) must confirm to DHS that the alien's admission is essential to developing critical technologies or otherwise serves national security interests. The spouse and children of a qualified alien may also be admitted. (The National Security Innovation Base is a network of persons and organizations engaged in research and production of technologies that support U.S. national security.) DHS may admit up to 100 principal aliens for FY2021 as special immigrants under this bill. This number shall gradually increase until FY2025. For FY2025 and each subsequent fiscal year, DHS may admit 500 principal aliens. Aliens admitted under this bill shall not count against various annual numerical limits. The Government Accountability Office shall report to Congress on an evaluation of the program by October 1, 2025.

To amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.

United States · United States Congress · 18 June 2020

This bill amends the Internal Revenue Code to revise requirements for the tax exclusion for contributions to the capital of a corporation. Specifically, the bill allows an exclusion for certain amounts received by a regulated public utility that provides water or sewerage disposal services.

Community Development in Opportunity Zones Act of 2020

United States · United States Congress · 18 June 2020

Community Development in Opportunity Zones Act of 2020 This bill includes within the definition of qualified opportunity zone business any community development financial institution. This allows qualified opportunity funds to invest in such institutions.

To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain wastewater management subsidies.

United States · United States Congress · 18 June 2020

This bill excludes from gross income, for income tax purposes, a taxpayer subsidy provided by a state or local government to a resident for the purchase or installation of any wastewater management measure intended solely for the taxpayer's principal residence.

A bill to amend the Foreign Relations Authorization Act, Fiscal Year 1979, relating to the conduct of knowledge diplomacy.

United States · United States Congress · 18 June 2020

This bill modifies U.S. policy and establishes requirements with respect to knowledge diplomacy (i.e., the role of international science and technology agreements in foreign relations). Specifically, the bill declares it to be U.S. policy that federally supported international science and technology agreements should serve U.S. national security and economic interests. Further, it requires the Department of State to (1) identify vulnerabilities in international cooperation that may place federally funded research at risk, (2) strengthen the security and integrity of U.S. scientific and research collaborations with foreign partners, and (3) encourage the international scientific community to adopt and adhere to U.S. scientific values. The bill also requires the White House Office of Science and Technology Policy to submit a biennial report on compliance with U.S. policy across such science and technology agreements.

Remote and Mobile Worker Relief Act of 2020

United States · United States Congress · 18 June 2020

Remote and Mobile Worker Relief Act of 2020 This bill prohibits the wages or other remuneration earned by an employee who performs employment duties in more than one taxing jurisdiction (i.e., states, localities, the District of Columbia, territories or possessions) from being subject to income tax in any other taxing jurisdiction other than (1) the taxing jurisdiction of the employee's residence, and (2) the taxing jurisdiction within which the employee is present and performing employment duties for more than 30 days during the calendar year in which the wages or remuneration are earned. The 30-day requirement is extended to 90 days in 2020 for employees performing duties outside the taxing jurisdiction of their residence during the COVID-19 (i.e., coronavirus disease 2019) pandemic. The bill exempts employers from income tax withholding and information reporting requirements for employees not subject to income tax in the taxing jurisdiction. For purposes of determining penalties related to withholding and information reporting requirements, an employer may rely on an employee's annual determination of the time expected to be spent in the taxing jurisdiction in the absence of the employer's actual knowledge of fraud or collusion between the employer and employee to evade tax. For the purposes of this bill, the term employee excludes professional athletes, professional entertainers, production employees who perform services in connection with certain film, television, or other commercial video productions, and public figures who are persons of prominence who perform services for wages or other remuneration on a per-event basis. The bill also sets forth a rule for the classification of wages earned by employees working remotely.

COVID–19 Dependent Care Flexible Spending Arrangement Rollover Act of 2020

United States · United States Congress · 17 June 2020

COVID-19 Dependent Care Flexible Spending Arrangement Rollover Act of 2020 This bill directs the Department of the Treasury to issue regulations or other guidance that permit the unused balance as of the end of plan year 2020 of any dependent care flexible spending arrangement to be rolled over to plan year 2021.

FINANCIAL SERVICES AND GENERAL GOVERNMENT APPROPRIATIONS FOR FISCAL YEAR 2021

United States · United States Senate · 16 June 2020

Work Safe Act

United States · United States Congress · 16 June 2020

Work Safe Act This bill allows employers a tax credit for providing testing for COVID-19 (i.e., coronavirus disease 2019). The bill also requires the Centers for Disease Control and Prevention to disclose the COVID-19 weekly positive case rate for each state and the United States for the most recent calendar week.

Safe Reopening Tax Credit

United States · United States Congress · 15 June 2020

Safe Reopening Tax Credit This bill allows an eligible employer a payroll tax credit for 30% of qualified virus transmission prevention expenses. The bill defines qualified virus transmission prevention expenses as expenses for reducing or preventing the transmission of communicable viruses, including the coronavirus (i.e., the virus that causes COVID-19). Such expenses include amounts paid for barriers erected to prevent virus spread between customers and employees, contactless point-of-sale systems, enhanced sanitation, ventilation or air filtration, and employee health education. The bill limits the amount of expenses that may be taken into account in computing the credit and the credit's period of applicability to calendar quarters beginning on or after the enactment of this bill and before January 1, 2021.

Child Care is Infrastructure Act

United States · United States Congress · 15 June 2020

Child Care is Infrastructure Act This bill establishes grants for child care facilities and higher education loan repayment and scholarship programs for child care educators, among other provisions. The Administration for Children and Families must conduct long- and short-term assessments of child care infrastructure, including the effect of the COVID-19 (i.e., coronavirus disease 2019) pandemic on such facilities. The bill provides grants to (1) states to acquire, construct, or improve child care facilities, and (2) intermediary organizations with demonstrated experience in child care facilities financing to develop or finance child care facilities. The bill further provides for education loan repayments of up to $6,000 per year for up to five years for early childhood educators who agree to work for certain child care providers. Additionally, the bill establishes a program for institutions of higher education to award grants of up to $3,000 per academic year to individuals who are enrolled in early childhood educator programs and agree to serve in a state-licensed early learning program. Finally, the bill modifies and reauthorizes through FY2026 supports for campus-based child care for low-income parents enrolled in institutions of higher education, requires the Government Accountability Office to report about the impact of the tax credit for employer-provided child care, and requires the Department of Housing and Urban Development to consider early learning facilities in planning and implementation grants under the Choice Neighborhoods Initiative.

Small Business PPE Tax Credit Act

United States · United States Congress · 15 June 2020

Small Business PPE Tax Credit Act This bill allows certain small businesses a tax credit for the cost of qualified personal protective equipment, up to $25,000 in a taxable year. The entities eligible for such credit include farms, nonprofit organizations, veterans organizations, and Tribal business concerns. The bill defines qualified personal protective equipment to include the cost of equipment for reducing the risk of coronavirus (i.e., the virus that causes COVID-19) transmission. including gloves, facial masks and protective gear, and cleaning supplies.

Territorial Economic Recovery Act

United States · United States Congress · 11 June 2020

Territorial Economic Recovery Act This bill restores the favorable tax treatment of investment in U.S. territories and possessions. It treats such investment as domestic rather than foreign investment and requires investors to have an active trade or business in a U.S. territory or possession with a certain percentage of income derived from such territory or possession.

Bring Entrepreneurial Advancements To Consumers Here In North America Act

United States · United States Congress · 11 June 2020

Bring Entrepreneurial Advancements To Consumers Here In North America Act This bill allows accelerated depreciation of nonresidential real property acquired to relocate facilities for the manufacture of pharmaceuticals and medical devices or supplies in the United States. It also allows an exclusion from gross income of gain from the sale or exchange of relocation property that was used to manufacture medical products in a foreign country.

Helping Parents Educate Children During the Coronavirus Pandemic

United States · United States Congress · 11 June 2020

Helping Parents Educate Children During the Coronavirus Pandemic This bill expands the types of educational expenses that may be paid from a qualified tuition program (commonly known as a 529 plan) for students enrolled at or attending an elementary or secondary public, private, or religious school. It also permits payments of certain education expenses for home schooling during the COVID-19 (i.e., coronavirus disease 2019) emergency period beginning on March 13, 2020, and ending on the date the emergency period has ended. The bill also permits penalty free distributions from tax-preferred retirement plans for the period after February 29, 2020, and before January 1, 2021, if contributed to a 529 plan.

National Defense Net Zero Review Act of 2020

United States · United States Congress · 11 June 2020

National Defense Net Zero Review Act of 2020 This bill requires the Government Accountability Office to report on (1) the progress of the Department of Defense (DOD) toward reaching net zero energy goals, and (2) DOD operational energy usage. The bill also requires DOD to (1) annually report on total emission levels for each of the ten preceding fiscal years, and (2) develop a master plan for achieving DOD-wide net zero for energy, water, waste management, and emissions.

Health Enterprise Zones Act of 2020

United States · United States Congress · 11 June 2020

Health Enterprise Zones Act of 2020 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.

End Double Taxation of Successful Consumer Claims Act

United States · United States Congress · 11 June 2020

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.

Collegiate Housing and Infrastructure Act of 2020

United States · United States Congress · 11 June 2020

Collegiate Housing and Infrastructure Act of 2020 This bill allows tax-exempt charitable or educational organizations to make collegiate housing and infrastructure grants to certain tax-exempt social clubs (e.g., college fraternities and sororities) that apply such grants to their collegiate housing property. A collegiate housing and infrastructure grant is a grant to provide, improve, operate, or maintain collegiate housing property that may involve more than incidental social, recreational, or private purposes. The grant must be for purposes that would be permissible for a dormitory or other residential facility of the college or university with which the collegiate housing property is associated. The grant may not be used to provide physical fitness facilities.

To amend the Internal Revenue Code of 1986 to provide special disposition rules for unused benefits in flexible spending arrangements of individuals for calendar year 2020.

United States · United States Congress · 11 June 2020

This bill requires flexible spending arrangements established for 2020 to provide for the rollover of unused benefits or contributions to 2021. It also permits plan participants to modify their election amount and extends the grace period for the 2020 plan year to 12 months after the end of such plan year.

CHIPS for America Act

United States · United States Congress · 11 June 2020

Creating Helpful Incentives to Produce Semiconductors for America Act or the CHIPS for America Act This bill establishes investments and incentives to support U.S. semiconductor manufacturing, research and development, and supply chain security. Specifically, the bill provides an income tax credit for semiconductor equipment or manufacturing facility investment through 2026. The bill also establishes a trust fund to be allocated upon reaching an agreement with foreign government partners to promote (1) consistency in policies related to microelectronics, (2) transparency in microelectronic supply chains, and (3) alignment in policies towards nonmarket economies. The Department of Commerce shall, through the National Institute of Standards and Technology (NIST), carry out a program of research and development investment to accelerate the design, development, and manufacturability of next generation microelectronics, including through the creation of a Manufacturing USA institute for semiconductor manufacturing. Commerce shall also establish a program to match state and local government incentives offered to private entities for the purposes of building fabrication facilities relating to semiconductor manufacturing. Further, Commerce shall assess the capabilities of the U.S. industrial base to support the national defense in light of the global nature of supply chains and interdependencies between the industrial bases of the U.S. and foreign countries with respect to the manufacture and design of semiconductors. The Department of Defense shall prioritize the use of specified available amounts for programs, projects, and activities in connection with semiconductor and related technologies. The President shall establish within NIST a subcommittee on matters relating to U.S. leadership in semiconductor technology and innovation, which shall develop a national strategy on semiconductor research.

Electric Power Infrastructure Improvement Act

United States · United States Congress · 11 June 2020

Electric Power Infrastructure Improvement Act This bill allows a tax credit for investment in a qualifying electric power transmission line property. The bill defines qualifying electric power transmission line property as (1) any overhead, submarine, or underground transmission facility that is capable of transmitting electricity at a voltage of not less than 345 kilovolts, has a transmission capacity of not less than 1,000 megawatts, is an alternating current or direct transmission line, and delivers power produced in either a rural area or offshore; and (2) conductors or cables, or other specified equipment, necessary for the proper operation of the facility.

CHIPS for America Act

United States · United States Congress · 10 June 2020

Creating Helpful Incentives to Produce Semiconductors for America Act or the CHIPS for America Act This bill establishes investments and incentives to support U.S. semiconductor manufacturing, research and development, and supply chain security. Specifically, the bill provides an income tax credit for semiconductor equipment or manufacturing facility investment through 2026. The bill also establishes a trust fund to be allocated upon reaching an agreement with foreign government partners to promote (1) consistency in policies related to microelectronics, (2) transparency in microelectronic supply chains, and (3) alignment in policies towards nonmarket economies. The Department of Commerce shall, through the National Institute of Standards and Technology (NIST), carry out a program of research and development investment to accelerate the design, development, and manufacturability of next generation microelectronics, including through the creation of a Manufacturing USA institute for semiconductor manufacturing. Commerce shall also establish a program to match state and local government incentives offered to private entities for the purposes of building fabrication facilities relating to semiconductor manufacturing. Further, Commerce shall assess the capabilities of the U.S. industrial base to support the national defense in light of the global nature of supply chains and interdependencies between the industrial bases of the U.S. and foreign countries with respect to the manufacture and design of semiconductors. The Department of Defense shall prioritize the use of specified available amounts for programs, projects, and activities in connection with semiconductor and related technologies. The President shall establish within NIST a subcommittee on matters relating to U.S. leadership in semiconductor technology and innovation, which shall develop a national strategy on semiconductor research.

Computer and Internet Access Equity Act

United States · United States Congress · 9 June 2020

Computer and Internet Access Equity Act This bill increases broadband service support for low-income consumers, establishes a grant program to provide internet safety education or training, and provides a tax credit for certain computer and education costs. Specifically, the bill modifies the broadband service support program known as Lifeline, which assists low-income consumers with access to telecommunications and broadband services, to (1) give up to $83.33 per month to a provider of Lifeline services for each low-income consumer to whom the provider supplies such services, (2) allow consumers with household incomes that are at or below 435% (rather than 135%) of the Federal Poverty Guidelines to qualify for participation in the program, and (3) allow a broadband service provider to receive Lifeline support for providing such service to a low-income consumer without being designated an eligible telecommunications carrier. The bill also requires the Federal Communications Commission to establish a grant program to develop and implement internet safety education or training programs for low-income individuals. Further, the bill provides a tax credit, not to exceed $2,000 in a taxable year or $10,000 in a lifetime, for amounts paid or incurred for technology such as computers and printers and for education on how to use such technology. The Department of the Treasury must establish a program for making advance payments of this credit.

Intelligence Authorization Act for Fiscal Year 2021

United States · United States Congress · 8 June 2020

Intelligence Authorization Act for Fiscal Year 2021 This bill authorizes various intelligence-related activities for FY2021 and contains other related provisions. The bill's provisions include requiring the Office of the Director of National Intelligence (ODNI), the Central Intelligence Agency (CIA), and other intelligence agencies to establish continuity of operations plans; requiring the ODNI to establish the Social Media Data and Threat Analysis Center; establishing that disclosure of a whistleblower's personally identifiable information may constitute a personnel action and giving the whistleblower a right to sue if such a personnel action was a reprisal against whistleblowing activity; establishing that it is unlawful for a federal government employee to share a whistleblower complaint submitted to the intelligence community inspector general with the subject of the complaint, with limited exceptions; establishing that a qualifying individual shall have a statutory right to appeal a decision related to that individual's access to classified information; establishing funds for grants to promote U.S. competitiveness in fifth-generation wireless technology supply chains and to support the adoption of secure and trusted telecommunications technologies in key markets globally; and requiring a presidential campaign to notify the Federal Bureau of Investigation of certain foreign contacts. The bill also requires reports on topics including (1) signals intelligence collection priorities, (2) use of student loan repayment benefits by intelligence community personnel, (3) a plan for establishing an intelligence community element in the U.S. Space Force, (4) the corrupt activities of Chinese Communist Party officials and Eastern European oligarchs, and (5) the effect of lifting the United Nations arms embargo on Iran.

Taxpayer Receipt Act

United States · United States Congress · 8 June 2020

Taxpayer Receipt Act This bill requires the Department of the Treasury to provide to each taxpayer a one-page estimate of how such taxpayer's money was spent by the government during the immediately preceding calendar year.

American Workforce Development Act

United States · United States Congress · 8 June 2020

American Workforce Development Act This bill increases to $11,500 the exclusion from employee gross income of employer-provided educational assistance.

End Double Taxation of Successful Consumer Claims Act

United States · United States Congress · 8 June 2020

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.

Coronavirus County Relief and Stability Act

United States · United States Congress · 4 June 2020

Coronavirus County Relief and Stability Act This bill appropriates $36 billion for a Coronavirus County Relief Fund to make payments to counties to compensate for revenue lost and costs incurred as a result of the COVID-19 (i.e., coronavirus disease 2019) public health emergency. Specifically, a county shall use the funds to compensate for direct loss of revenue due to the public health emergency or to cover its costs that are necessary expenditures incurred due to the public health emergency, were not accounted for in the budget most recently approved as of February 29, 2020, and were incurred from March 1, 2020-December 30, 2020. Each county shall receive a flat payment plus an amount based on its population. The bill provides funding for the Office of Inspector General of the Department of the Treasury to conduct monitoring and oversight of the receipt, disbursement, and use of such funds. The bill reauthorizes the payments in lieu of taxes program, which compensates local governments for tax revenue lost due to tax-exempt federal lands within their boundaries.

Warren Cowles Grade Crossing Safety Act

United States · United States Congress · 4 June 2020

Warren Cowles Grade Crossing Safety Act This bill authorizes appropriations for FY2021 to carry out highway-rail grade crossing improvement projects, specifically projects for commuter rail and operators in high-ridership corridors. The authorization level shall be adjusted for FY2022 and each subsequent fiscal year to account for changes in the Consumer Price Index.

Fiscal State of the Union Act

United States · United States Congress · 4 June 2020

Fiscal State of the Union Act This bill requires both chambers of Congress to assemble each year in the Hall of the House of Representatives to receive a presentation reviewing the Government Accountability Office's audit of the financial statement of accounts and associated activities of the executive branch, together with an analysis of the financial position and condition of the federal government.

To rescind certain amounts appropriated to the Department of Justice for fiscal year 2020, and for other purposes.

United States · United States Congress · 4 June 2020

This bill rescinds $50 million from the FY2020 appropriations for the Department of Justice's General Administration account.

Essential Pay for Essential Workers Act

United States · United States Congress · 4 June 2020

Essential Pay for Essential Workers Act This bill requires employers to pay essential health care employees a premium amount in addition to their regular rate of pay during an emergency period. It also allows employers a payroll tax credit for the payment of such enhanced wages to essential employees.

Great American Outdoors Act

United States · United States Congress · 4 June 2020

Great American Outdoors Act This bill establishes the National Parks and Public Land Legacy Restoration Fund to support deferred maintenance projects on federal lands. For FY2021-FY2025, there shall be deposited into the fund an amount equal to 50% of all federal revenues from the development of oil, gas, coal, or alternative or renewable energy on federal lands and waters. Deposited amounts must not exceed $1.9 billion for any fiscal year. The fund must be used for priority deferred maintenance projects in specified systems that are administered by the National Park Service, the Forest Service, the U.S. Fish and Wildlife Service, the Bureau of Land Management, and the Bureau of Indian Education. The Government Accountability Office must report on the effect of the fund in reducing the backlog of priority deferred maintenance projects for the specified agencies. Additionally, the bill makes funding for the Land and Water Conservation Fund (LWCF) permanent. The President shall annually report to Congress specified details regarding the allocation of funds to the LWCF. Congress may provide for alternate allocations using specified procedures.

Economic and Student Loan Debt Relief Act of 2020

United States · United States Congress · 4 June 2020

Economic and Student Loan Debt Relief Act of 2020 This bill extends the suspension of payments on student loans held by the Department of Education (ED). It also generally allows for an exclusion from taxable income of employer payments of student loans. Specifically, the bill requires ED to suspend all payments due on Federal Direct Loans and Federal Family Education Loans held by ED through December 31, 2020. (Currently, this suspension period ends on September 30, 2020). Normal payment obligations and interest accrual resume at the end of this period. Additionally, ED must carry out a program, beginning on November 1, 2020, to provide at least six notices to borrowers that normal payment obligations will resume. (Currently, this program begins on August 1, 2020.) The bill also generally provides a permanent exclusion from employee income, for income tax purposes, of employer payments of student loans. (Currently, this exclusion from income is only for payments of student loans made before January 1, 2021.)

A bill to amend the Internal Revenue Code of 1986 to make the earned income tax credit available to residents of possessions of the United States.

United States · United States Congress · 3 June 2020

This bill directs the Department of the Treasury to make payments to Puerto Rico for expenditures by its taxpayer relating to the earned income tax credit (EITC). The bill also requires payments to U.S. possessions with mirror code tax systems (i.e., the Virgin Islands, Guam, and the Commonwealth of the Northern Mariana Islands) for a specified percentage of the cost of the EITC in calendar years 2020-2024.

American Space Commerce Act of 2020

United States · United States Congress · 3 June 2020

American Space Commerce Act of 2020 This bill allows a special allowance for bonus depreciation for qualified domestic space launch property and extends the termination of such allowance until the end of 2032. The bill defines qualified domestic space launch property as property placed in service before January 1, 2023, that is (1) a space transportation vehicle or payload that is launched from the United States, or (2) other property or equipment placed in service to facilitate a space launch from the United States.

Promoting Equitable Transit-Oriented Development and Mobility Corridors Act

United States · United States Congress · 1 June 2020

Promoting Equitable Transit-Oriented Development and Mobility Corridors Act This bill addresses equitable transit-oriented development designed to create and support communities of opportunity that enable all residents regardless of income, race, age, and ethnicity to benefit from living in connected, healthy, vibrant places connected by public transportation. Additionally, such development is designed to promote a mixture of housing (including a significant level of affordable housing), office, retail, and other amenities as part of a walkable neighborhood generally located within a half mile of quality public transportation. The Department of Transportation must establish an Office of Equitable Transit-Oriented Development and Mobility to carry out an equitable transit-oriented development and mobility competitive grant program to provide technical assistance grants for states carrying out equitable transit-oriented development and mobility projects. To be eligible for assistance states must develop a plan for equitable transit-oriented development and mobility corridors that includes identifying priority investment areas with a need for a comprehensive investment strategy to keep and revitalize existing neighborhoods and corridors while maintaining and enhancing housing and transportation affordability and creating equal opportunity for existing residents and businesses. The bill also modifies provisions relating to the rehabilitation tax credit, including allowing a 15% credit for non-historic buildings within a half-mile of public transportation facilities.

Clean Start: Back to Work Tax Credit Act

United States · United States Congress · 1 June 2020

Clean Start: Back to Work Tax Credit Act This bill allows business taxpayers a tax credit for 50% of their qualified clearing expenses in carrying on any trade or business, or with respect to owning or operating commercial real estate through March 31, 2021 (clean start back to work credit). The bill defines qualified cleaning expenses as amounts paid for cleaning services and products, tools, machinery, personal protective equipment, and other sanitary-related equipment needed to help ensure a safe and sanitary environment, and to obtain a certification in cleaning. Such expenses do not include the cost of manufacturing, producing, or importing such items, or their acquisition for resale purposes.

PPP TIME Act

United States · United States Congress · 1 June 2020

Paycheck Protection Program Timeframe Modification and Extension Act or the PPP TIME Act This bill modifies the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill extends the program through August 15, 2020, and it allows a loan recipient to select any eight-week period within the program's duration to use their loan. The bill also prohibits the Small Business Administration from requiring a paycheck protection loan recipient to use at least 50% of loan amounts for payroll costs. Further, the bill defers payment of applicable employment taxes for a paycheck protection loan recipient that has had loan amounts forgiven. Currently, a taxpayer that has had loan amounts forgiven is ineligible for such deferral.

Lessening Regulatory Costs and Establishing a Federal Regulatory Budget Act of 2020

United States · United States Congress · 1 June 2020

Lessening Regulatory Costs and Establishing a Federal Regulatory Budget Act of 2020 This bill establishes procedures and provides statutory authority to reduce the number of federal regulations. Specifically, it requires each agency to establish a regulatory reform task force chaired by a designated regulatory reform officer. Each task force must, among other duties (1) review each existing agency regulation; (2) estimate the potential cost savings of repealing or modifying each regulation; and (3) identify regulations that are appropriate for repeal, replacement, or modification based on cost, effectiveness, and impact on employment. The bill further provides statutory authority for the executive order prohibiting agencies from issuing a new regulation with an economic impact of at least $100 million without identifying two regulations for repeal that will offset the cost of the proposed new regulation. Agencies also must submit a list of all planned regulatory actions for inclusion in the semiannual Unified Agenda of Federal Regulatory and Deregulatory Actions, including (1) the estimated economic effect of each action, and (2) proposed deregulatory actions to offset the cost of each proposed new regulation. Additionally, the Office of Management and Budget must establish an annual regulatory budget for each federal agency that specifies the net allowable increase in regulatory costs for each agency during the next fiscal year.

Rewarding American Workers Act of 2020

United States · United States Congress · 28 May 2020

Rewarding American Workers Act of 2020 This bill allows employers a payroll tax credit for bonuses paid to employees whose wages did not exceed specified levels during the period beginning on March 13, 2020, and ending on the earlier of July 31, 2020, or the end of the COVID-19 (i.e., coronavirus disease 2019) emergency, and who worked for the entire period.

Skills Renewal Act

United States · United States Congress · 27 May 2020

Skills Renewal Act This bill allows eligible individuals a refundable tax credit, up to $4,000 in a taxable year, for expenses paid for qualified training services. The bill defines qualified training service as a course or program of study that is listed in provisions of the Workforce Innovation and Opportunity Act or that relates to computer science, technology, or another high-need area, such as a coding boot camp, that have been precertified by the Department of Labor; and eligible individual as an individual who became unemployed or furloughed in 2020 but was otherwise able to work and was available for work and has applied for or is receiving pandemic emergency unemployment compensation related to COVID-19 (i.e., coronavirus disease 2019).

Paycheck Protection Program Flexibility Act of 2020

United States · United States Congress · 26 May 2020

Paycheck Protection Program Flexibility Act of 2020 This bill modifies provisions related to the forgiveness of loans made to small businesses under the Paycheck Protection Program implemented in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill establishes a minimum maturity of five years for a paycheck protection loan that has a remaining balance after the application of forgiveness. The bill also extends the covered period during which the recipient of a paycheck protection loan may use such funds for certain expenses while remaining eligible for forgiveness of the loan. Further, the bill prohibits the Small Business Administration from limiting the non-payroll portion of a forgivable covered loan amount. Currently, only 25% of a paycheck protection loan may be allocated to non-payroll expenses such as rent and utilities. The bill extends the period of time in which an employer may rehire or eliminate a reduction in employment, salary, or wages that would otherwise reduce the forgivable amount of a paycheck protection loan. However, the forgivable amount must be determined without regard to a reduction in the number of employees if the recipient is (1) unable to rehire an employee, (2) able to demonstrate an inability to hire a similarly qualified employee, or (3) able to demonstrate an inability to return to the same level of business activity. Lastly, the bill eliminates a provision that makes a paycheck protection loan recipient who has such indebtedness forgiven ineligible to defer payroll tax payments.

Fairness for Early Withdrawers Act

United States · United States Congress · 26 May 2020

Fairness for Early Withdrawers Act This bill allows tax-preferred pension plan participants to recontribute distributions from such plans made prior to December 1, 2020, without regard to the 60-day rule that requires a rollover of distributions to another plan within 60 days after receipt of such distributions.

Work for Warriors Act of 2020

United States · United States Congress · 22 May 2020

Work for Warriors Act of 2020 This bill authorizes the Department of Defense (DOD) to carry out a pilot program to enhance DOD's efforts to provide job placement assistance and related employment services to members of the National Guard and Reserves and veterans of the Armed Forces. DOD must (1) develop outcome measurements to evaluate the success of the program, and (2) report on program results. The bill terminates the authority to carry out the program on September 30, 2023, with an authorized extension for up to two additional fiscal years.

PROVIDE Act

United States · United States Congress · 22 May 2020

Prevent Restrictions On Volunteers' Incomes During Emergencies Act or the PROVIDE Act This bill provides that, beginning with FY2020, any state or local government that taxes the income of an out-of-state individual who has traveled to such state for the purpose of volunteering or otherwise providing assistance in response to a federally declared disaster or emergency shall be ineligible to receive federal financial assistance.

Fiscal Responsibility and Long-Term Economic Security Act

United States · United States Congress · 22 May 2020

Fiscal Responsibility and Long-Term Economic Security Act This bill establishes within the legislative branch the Joint Select Committee on Fiscal Responsibility and Long-Term Economic Security. The committee must (1) review the fiscal imbalance of the government, (2) identify factors affecting that imbalance, (3) analyze potential courses of action, and (4) submit a report containing recommendations and proposed legislative language to carry out the recommendations. The required report must be approved by at least 10 of the committee's 16 members, including at least 5 members from the political party of the Speaker of the House and 5 members of the opposing political party. The bill also establishes procedures for expedited consideration of the proposed legislative language that the committee must submit as part of its report and recommendations.