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Bill· HRH.R. 6992 (116th)referred
United States · United States Congress · 22 May 2020
Bring Jobs Home Act This bill (1) grants business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and relocating it within the United States, and (2) denies a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. The bill requires an increase in the taxpayer's employment of full-time employees in the United States in order to claim the tax credit for insourcing expenses. The bill eliminates the temporary suspension (for taxable years 2018 through 2025) of the tax deduction for moving expenses.
Bill· HRH.R. 6958 (116th)referred
United States · United States Congress · 22 May 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.
Bill· HRH.R. 7008 (116th)referred
United States · United States Congress · 22 May 2020
Family Savings Flexibility Act This bill (1) increases to $2,750 the maximum amount of unused benefits or contributions remaining in a health flexible or dependent care spending arrangement that may be carried over from the 2020 to the 2021 plan year, (2) increases the maximum contribution amount for health savings accounts, and (3) increases for taxable years beginning in 2020, the exclusion from employee gross income of employer-paid dependent care assistance.
Bill· SS. 3799 (116th)referred
United States · United States Congress · 21 May 2020
Health Equity and Access under the Law for Immigrant Women and Families Act of 2020 or the HEAL Immigrant Women and Families Act of 2020 This bill extends Medicaid and Children's Health Insurance Program coverage to individuals lawfully present in the United States who otherwise meet eligibility requirements. Individuals granted federally authorized presence also are required to maintain minimum essential health insurance coverage and are eligible for health insurance exchanges, reduced cost sharing, premium subsidies, and premium tax credits.
Bill· SS. 3834 (116th)referred
United States · United States Congress · 21 May 2020
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.
Bill· SS. 3805 (116th)referred
United States · United States Congress · 21 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.
Bill· SS. 3793 (116th)referred
United States · United States Congress · 21 May 2020
Paycheck Security Act This bill modifies and increases the employee retention tax credit, allows a refundable payroll tax credit for the operating costs of employers, and provides a rebate in 2020 for certain small businesses and other business entities. The bill also authorizes additional appropriations to carry out the provisions of this bill and to provide for oversight by the Inspector General for Tax Administration of the Department of the Treasury. The Government Accountability Office must report on the effectiveness of the operative provisions of this bill.
Bill· SS. 3779 (116th)referred
United States · United States Congress · 20 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).
Bill· SS. 3784 (116th)referred
United States · United States Congress · 20 May 2020
Monthly Economic Crisis Support Act This bill provides for a monthly rebate to individuals and their dependents for the period beginning March 2020, and ending on the third month after the date on which the Department of Health and Human Services determines that the COVID-19 (i.e., coronavirus disease 2019) public health emergency has ended. The rebate is $2,000 per individual ($4,000 for individuals filing a joint tax return) plus $2,000 for each dependent of such individual, not exceeding three dependents. The rebate is reduced for individuals whose adjusted gross income exceeds specified levels. Rebates are not subject to garnishment or set offs by financial institutions.
Bill· SS. 3788 (116th)referred
United States · United States Congress · 20 May 2020
Veterans Cemetery Grants Improvement Act of 2020 This bill increases to $10 million (currently $5 million) the maximum amount the Department of Veterans Affairs may grant in a fiscal year to states and tribal organizations for operating and maintaining veterans' cemeteries.
Bill· HRH.R. 6920 (116th)referred
United States · United States Congress · 19 May 2020
Keep Employees' Earnings Protected Act of 2020 This bill allows employers to suspend payment of payroll taxes (i.e., employer and employee taxes and self-employment taxes) for the period beginning on the enactment of this bill and ending either 90 days later, or upon the termination of the COVID-19 (i.e., coronavirus disease 2019) emergency period, whichever is shorter. The bill authorizes transfers to specified Social Security trust funds to cover the loss of revenue to such funds resulting from this payroll tax suspension.
Bill· HRH.R. 6930 (116th)referred
United States · United States Congress · 19 May 2020
Manufacturing API, Drugs, and Excipients in America Act of 2020 or the MADE in America Act of 2020 This bill establishes a tax credit for taxpayers engaged in medical production activities in certain areas and contains other provisions related to pharmaceuticals. An eligible taxpayer may claim a tax credit equal to 30% of qualified expenditures related to the production of pharmaceuticals, medical devices, or other related items in a designated qualified opportunity zone with a poverty rate higher than 30%. In addition, the Food and Drug Administration shall continue a program to evaluate new drug manufacturing technologies included in an application for approval of a drug or biological product. The bill imposes various requirements on this program, including deadlines for evaluating such a technology. Furthermore, the Department of Health and Human Services shall establish or expand programs to promote regulatory consistency and cooperation with drug regulatory authorities in other countries.
Bill· SS. 3757 (116th)referred
United States · United States Congress · 19 May 2020
Build Health Care Equipment in America Act This bill provides for certain tax incentives to combat COVID-19 (i.e., coronavirus disease 2019). Specifically, it (1) allows a bonus depreciation allowance for property used solely for the production or manufacturing of medical equipment to combat COVID-19, (2) a new payroll tax credit related to the employment of certain skilled health care workers who previously worked in a declining field, (3) requires the Department of the Treasury to publish a list of any occupation or field of work that qualifies as a medical short supply field, (4) increases education-related tax benefits for medical professionals in short supply, and (5) establishes the 21st Century Technology Fund for State and Local Governments Looking to Draw Businesses to Their Rural Regions.
Bill· SS. 3765 (116th)referred
United States · United States Congress · 19 May 2020
Working Families Childcare Access (WFCA) Act This bill increases to $15,000 the maximum amount of dependent care assistance that may be excluded from the gross income of an employee receiving such assistance. It also permits a carryforward to a succeeding year of unused balances in a dependent care assistance flexible spending arrangement.
Bill· SS. 3762 (116th)referred
United States · United States Congress · 19 May 2020
Veterans Cemetery Grants Improvement Act of 2020 This bill increases to $10 million (currently $5 million) the maximum amount the Department of Veterans Affairs may grant in a fiscal year to states and tribal organizations for operating and maintaining veterans' cemeteries.
Bill· SS. 3764 (116th)referred
United States · United States Congress · 19 May 2020
Young American Savers Act of 2020 This bill directs the Department of the Treasury to establish as a permanent program the Federal Child Savings Account Program not later than December 31, 2021. A program account shall be tax-exempt and distributions from an account shall be excludible from a child's gross income. The program allows the parent or guardian of a child under the age of 18 and a U.S. resident to make contributions to an account for the child's educational expenses. An account may also fund a Roth Individual Retirement account and an ABLE (i.e., Achieving a Better Life Experience) account for disabled individuals. Distributions from such accounts may begin on the earlier of the date such child attains the age of 26, receives an associate's or bachelor's degree, or enlists in active duty miliary service.
Bill· HRH.R. 6911 (116th)referred
United States · United States Congress · 15 May 2020
This bill allows a refundable income tax credit for state income taxes paid by individuals providing services as first responders, doctors, nurses, or other health or emergency services. This credit expires after the Department of the Treasury certifies that the COVID-19 (i.e., coronavirus disease 2019) emergency period has ended. The bill requires a reduction in federal highway funds paid to a state that corresponds to the credit amount allowed by this bill.
Bill· HRH.R. 6884 (116th)referred
United States · United States Congress · 15 May 2020
Fixing the Income Ramifications for Small Businesses and Tax Relief Act or the FIRST Act This bill amends the Coronavirus Aid, Relief, and Economic Security Act to provide that tax deductions for ordinary business expenses and other tax incidents shall not be affected by the exclusion from gross income of amounts related to loan forgiveness received in response to COVID-19 (i.e., coronavirus disease 2019).
Bill· HRH.R. 6903 (116th)referred
United States · United States Congress · 15 May 2020
This bill directs the Department of the Treasury to establish a program to treat amounts paid by U.S citizens or business entities to move their inventory, equipment, and supplies from China to the United States as items of expense, deductible in the year in which they are incurred. The cost of this expensing allowance shall be paid for with tariffs collected by the United States on goods manufactured in China.
Bill· HRH.R. 6914 (116th)referred
United States · United States Congress · 15 May 2020
New Jersey, New York, and Highly Impacted States COVID-19 Relief Fund Act This bill provides additional appropriations for the Department of the Treasury to make payments to states, territories, tribal governments, cities, counties, and other units of local government to mitigate the fiscal effects of the COVID-19 public health emergency.
Bill· HRH.R. 6912 (116th)referred
United States · United States Congress · 15 May 2020
COVID-19 Youth Sports and Working Families Relief Act This bill modifies the tax credit for household and dependent care expenses necessary for employment to include expenses for youth physical activities. Youth physical activities include organized individual and team sports, fitness and exercise, recreation, and other physical activities for youth who have attained age 4, but not age 18. The credit is refundable for taxable years beginning in 2020. The bill also increases the dollar amount of the election for dependent care flexible spending arrangements. The bill directs the Department of the Treasury to establish a relief fund for youth sport providers that directly serve youths age 18 and younger. The fund must disburse amounts to (1) alleviate losses sustained due to COVID-19 (i.e., coronavirus disease 2019), (2) sustain existing organizations that without assistance may fail or have to severely curtail operations, and (3) maintain youth participation capacity.
Bill· HRH.R. 6886 (116th)referred
United States · United States Congress · 15 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 unable to rehire an employee and is able to demonstrate an inability to hire a similarly qualified employee. Lastly, the bill eliminates a provision that makes a paycheck protection loan recipient who has such indebtedness forgiven ineligible to defer payroll tax payments.
Bill· HRH.R. 6913 (116th)referred
United States · United States Congress · 15 May 2020
This bill requires a federal executive agency to expend 50% of funds obligated by such agency for the advertising and underwriting activities of local media for the period beginning on the enactment of this bill, and ending on December 31, 2020. It also requires such agencies to expend 25% of such funds for the period beginning on or after January 1, 2021. At least 45% of agency advertising and underwriting activities funding must be expended equally between newspapers, television stations, and radio stations that are local media. The bill (1) expands the payroll protection program to newspaper, radio, and Internet publishing businesses with not more than 500 employees; (2) allows a payroll tax credit for 30% of first-year newsroom wages paid by a local media company; and (3) treats the publication (including electronic publication) of written news articles by an independent or community-based publication as a tax-exempt purpose. The bill expresses the sense of Congress that the Corporation for Public Broadcasting must provide programming to preschool, elementary, and secondary school children that promotes digital literacy during the period that such children cannot attend school due to the COVID-19 (i.e., coronavirus disease 2019) pandemic.
Resolution· HRESH.Res. 967 (116th)passed
United States · United States Congress · 14 May 2020
Sets forth the rule for consideration of the resolution (H. Res. 965) authorizing remote voting by proxy in the House of Representatives and providing for official remote committee proceedings during a public health emergency due to a novel coronavirus, and for other purposes; providing for consideration of the bill (H.R. 6800) making emergency supplemental appropriations for the fiscal year ending September 30, 2020, and for other purposes; providing for proceedings during the period from May 19, 2020, through July 21, 2020.
Bill· HRH.R. 6863 (116th)referred
United States · United States Congress · 14 May 2020
COVID-19 Accountability Act This bill authorizes sanctions in relation to the Chinese government's response to the COVID-19 (i.e., coronavirus disease 2019) outbreak. It also increases the research tax credit and imposes requirements related to the acquisition of items for the Strategic National Stockpile. The President shall periodically certify to Congress that the Chinese government (1) is cooperating with efforts related to the COVID-19 outbreak, (2) has prohibited wet markets, and (3) has released and dropped all charges for anyone involved in protests in Hong Kong related to COVID-19. If the President cannot make such a certification, the President may (1) impose sanctions on Chinese government officials, entities owned or controlled by the Chinese government, and individuals affiliated with such entities; or (2) prohibit Chinese nationals from obtaining student visas (i.e., F and M visas) or exchange visitor visas (i.e., J visas). With respect to the research tax credit, the bill increases the alternative simplified credit from 14% to 20% of qualified research expenses above a certain threshold. The Department of Health and Human Services generally may not purchase personal protective equipment, critical medical supplies, or certain fabric products not produced in the United States for the Strategic National Stockpile. However, this restriction shall not apply if (1) there is not a sufficient amount of U.S.-produced items available at U.S. market prices when needed, or (2) the purchase is worth less than $150,000.
Bill· SS. 3735 (116th)referred
United States · United States Congress · 14 May 2020
Securing America's Clean Fuels Infrastructure This bill extends the tax credit for alternative fuel vehicle refueling property through 2028. It also increases the allowable amount of such credit from $30,000 to $200,000 for any single item of refueling property.
Bill· HRH.R. 6856 (116th)referred
United States · United States Congress · 13 May 2020
This bill allows a tax deduction for the investment advisory expenses of certain funeral trusts and cemetery perpetual care funds during the period in which the allowance of miscellaneous itemized deductions is suspended (i.e., 2018 through 2025).
Bill· HRH.R. 6800 (116th)open
United States · United States Congress · 12 May 2020
Health and Economic Recovery Omnibus Emergency Solutions Act or the HEROES Act This bill responds to the COVID-19 (i.e., coronavirus disease 2019) outbreak and its impact on the economy, public health, state and local governments, individuals, and businesses. Among other things, the bill provides FY2020 emergency supplemental appropriations to federal agencies; provides payments and other assistance to state, local, tribal, and territorial governments; provides additional direct payments of up to $1,200 per individual; expands paid sick days, family and medical leave, unemployment compensation, nutrition and food assistance programs, housing assistance, and payments to farmers; modifies and expands the Paycheck Protection Program, which provides loans and grants to small businesses and nonprofit organizations; establishes a fund to award grants for employers to provide pandemic premium pay for essential workers; expands several tax credits and deductions; provides funding and establishes requirements for COVID-19 testing and contact tracing; eliminates cost-sharing for COVID-19 treatments; extends and expands the moratorium on certain evictions and foreclosures; and requires employers to develop and implement infectious disease exposure control plans. The bill also modifies or expands a wide range of other programs and policies, including those regarding Medicare and Medicaid, health insurance, broadband service, medical product supplies, immigration, student loans and financial aid, the federal workforce, prisons, veterans benefits, consumer protection requirements, the U.S. Postal Service, federal elections, aviation and railroad workers, and pension and retirement plans.
Bill· HRH.R. 6824 (116th)referred
United States · United States Congress · 12 May 2020
This bill allows a participant in a health flexible spending arrangement to carry over any portion of the balance in such participant's account at the end of the 2020 plan year to the plan year beginning in 2021.
Bill· HRH.R. 6821 (116th)referred
United States · United States Congress · 12 May 2020
Small Business Expense Protection Act of 2020 This bill amends the Coronavirus Aid, Relief, and Economic Security Act to provide that tax deductions for ordinary business expenses and other tax incidents shall not be affected by the exclusion from gross income of amounts related to loan forgiveness received in response to COVID-19 (i.e., coronavirus disease 2019).
Bill· HRH.R. 6841 (116th)referred
United States · United States Congress · 12 May 2020
Assistance and Gratitude for Coronavirus Heroes in Agribusiness who are Invaluable to the Nation Act or the AG CHAIN Act This bill allows an exclusion from gross income, for income tax purposes, of wages and other income earned by certain qualified employees for the period between February 15, 2020, and June 15, 2020. The aggregate amount of such exclusion for any such employee may not exceed $25,000. A qualified employee is an essential food and agriculture employee who provides services at grocery stores, gasoline stations, restaurants, and other food service establishments that are located in a county that has at least one confirmed case of COVID-19 (i.e., coronavirus disease 2019). The Department of the Treasury may extend the exclusion period for an additional three months if it determines that the COVID-19 emergency is likely to be ongoing. The bill also suspends the payment of payroll taxes for employee wages not exceeding $75,000 for the same period.
Bill· HRH.R. 6810 (116th)referred
United States · United States Congress · 12 May 2020
Health Care Protection Act This bill creates a special health insurance enrollment period and provides premium assistance for the COBRA (Consolidated Omnibus Budget Reconciliation Act) continuation of health coverage program in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic. First, the bill establishes a 30-day special enrollment period for individuals who do not have coverage to enroll in a qualified health insurance plan through a health insurance exchange. Second, the bill provides premium assistance for individuals who have been terminated from employment and elected COBRA continuation coverage between March 1, 2020, and December 31, 2020. The bill treats 100% of the premium payments as paid for such individuals for not more than six months. Further, individuals who have not elected COBRA coverage but would be eligible for premium assistance under this bill if they had enrolled in COBRA may enroll in such coverage for 60 days after this bill is enacted. Premium assistance is phased out for individuals earning more than $125,000. Additionally, the bill requires employers to provide eligible individuals specified written notice about the premium assistance program, including, among other information, available health plan enrollment options and the date that such assistance expires. The Department of the Treasury must reimburse employers, group health plans, and insurance issuers through a payroll tax credit or refund, as applicable, for unpaid premiums that were treated as paid under this bill.
Bill· HRH.R. 6802 (116th)referred
United States · United States Congress · 12 May 2020
Accelerate Long-term Investment Growth Now Act or the ALIGN Act This bill makes permanent the expensing of certain new business equipment. Expensing allows the deduction of the full amount of an expense item in the same taxable year.
Bill· HRH.R. 6799 (116th)referred
United States · United States Congress · 12 May 2020
Keeping the Lights On Act of 2020 This bill allows an eligible employer a payroll tax credit equal to 50% of a limited amount of qualified fixed expenses paid by such employer in a calendar quarter. Qualified fixed expenses include a mortgage, rent, or a utility payment. An employer is eligible for such payroll credit if the employer was carrying on a trade or business in 2020 which had not more than 1,500 full-time employees or not more than $41.5 million in gross receipts in 2019. The employer's business must have been suspended in a calendar quarter due to COVID-19 (i.e., coronavirus disease 2019) and have experienced a significant decline in gross receipts due to that pandemic.. The credit may not be claimed by the federal government or by any state or tribal government, or by U.S. possessions, but may be claimed by tax-exempt organizations.
Bill· SS. 3694 (116th)referred
United States · United States Congress · 12 May 2020
Onshoring Rare Earths Act of 2020 or the ORE Act This bill allows permanent expensing of property used in the extraction of certain critical minerals and metals within the United States and of nonresidential real property used in extracting such minerals and metals. Expensing is the treatment of expenditures as operating costs deductible in full in the current taxable year. The bill allows a new tax deduction for 200% of the cost of purchasing or acquiring such critical minerals and metals extracted from deposits in the United States. The bill requires the Department of Defense (DOD) to establish a pilot project grant program for the development of critical minerals and metals in the United States. A grant awarded under such program may not exceed $10 million. In awarding grants, DOD must give priority to projects determined to be economically viable over the long term and must allot 30% of grants funds to the secondary recovery of critical minerals and metals.
Bill· SS. 3696 (116th)referred
United States · United States Congress · 12 May 2020
Health Insurance Relief for Unemployed Individuals and Families This bill requires the disregard of additional unemployment insurance paid under the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act in determining eligibility for and the amount of the tax credit for health care premium assistance and for means tested federal benefit programs.
Bill· SS. 3675 (116th)referred
United States · United States Congress · 11 May 2020
Intelligence Community Workforce Agility Protection Act of 2020 This bill allows a current tax deduction for the moving expenses of an employee or new appointee of the intelligence community who moves due to a change in assignment that requires relocation. It also allows a current tax exclusion for such employees or appointees for moving expense reimbursements. Under current law, the tax deduction and exclusion for the moving expenses of other taxpayers are suspended for the period beginning in 2018 through 2025.
Bill· SS. 3683 (116th)referred
United States · United States Congress · 11 May 2020
COVID-19 Accountability Act This bill authorizes sanctions in relation to the Chinese government's response to the COVID-19 (i.e., coronavirus disease 2019) outbreak. It also increases the research tax credit and imposes requirements related to the acquisition of items for the Strategic National Stockpile. The President shall periodically certify to Congress that the Chinese government (1) is cooperating with efforts related to the COVID-19 outbreak, (2) has prohibited wet markets, and (3) has released and dropped all charges for anyone involved in protests in Hong Kong related to COVID-19. If the President cannot make such a certification, the President may (1) impose sanctions on Chinese government officials, entities owned or controlled by the Chinese government, and individuals affiliated with such entities; or (2) prohibit Chinese nationals from obtaining student visas (i.e., F and M visas) or exchange visitor visas (i.e., J visas). With respect to the research tax credit, the bill increases the alternative simplified credit from 14% to 20% of qualified research expenses above a certain threshold. The Department of Health and Human Services generally may not purchase personal protective equipment, critical medical supplies, or certain fabric products not produced in the United States for the Strategic National Stockpile. However, this restriction shall not apply if (1) there is not a sufficient amount of U.S.-produced items available at U.S. market prices when needed, or (2) the purchase is worth less than $150,000.
Bill· SS. 3679 (116th)referred
United States · United States Congress · 11 May 2020
Newborn CARES Act This bill treats children of a taxpayer born in 2020 as born in calendar year 2019 for purposes of the advance recovery rebate allowed by the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act. The Internal Revenue Service must establish a procedure to allow a taxpayer to file a claim for such rebate during calendar year 2020.
Bill· HRH.R. 6737 (116th)referred
United States · United States Congress · 8 May 2020
This bill modifies the excise tax on distilled spirits to exempt distilled spirits plants from requirements relating to the denaturing of such spirits with respect to hand sanitizers used to eliminate the corornavirus (i.e., the virus that causes COVID-19). Denaturing is the process of making distilled spirits unfit for consumption.
Bill· HRH.R. 6787 (116th)referred
United States · United States Congress · 8 May 2020
Providing Essentials for Frontline Workers Act This bill allows an employer a payroll tax credit for certain pandemic-related employee benefit expenses paid by such employer after March 12, 2020, and before January 1, 2021. The amount of such credit is 50% of the pandemic-related expenses of essential employees and 30% for other employees. The amount of expenses taken into account for purposes of the credit for any employee may not exceed $5,000 in any calendar quarter. The bill defines qualified pandemic-related employee benefit expenses as amounts paid to an employee that are excludible from gross income as disaster relief payments related to COVID-19 (i.e., coronavirus disease 2019) and that the employee has elected to treat as a pandemic-related expense. The credit is not allowed to the federal government or its agencies, except for tax-exempt organizations.
Bill· HRH.R. 6743 (116th)referred
United States · United States Congress · 8 May 2020
Protect Vulnerable Students from Surprise Tax Bills Act This bill excludes from gross income, for income tax purposes, any qualified emergency financial aid grant. A qualified emergency financial aid grant is any amount received by a degree candidate at an institution of higher education for expenses related to the disruption of campus operations due to COVID-19 (i.e., coronavirus disease 2019).
Bill· HRH.R. 6744 (116th)referred
United States · United States Congress · 8 May 2020
Computer and Internet 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 an additional $1,000 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% (currently 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.
Bill· HRH.R. 6781 (116th)referred
United States · United States Congress · 8 May 2020
Paycheck Protection Program Improved Coordination Act of 2020 This bill coordinates the Paycheck Protection Program (PPP), established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), with the employee retention tax credit for employers subject to closure due to COVID-19, by allowing loan amounts not forgiven under the PPP to be taken into account for purposes of the retention tax credit.
Bill· HRH.R. 6776 (116th)referred
United States · United States Congress · 8 May 2020
Jumpstarting Our Businesses' Success Credit Act of 2020 or the JOBS Credit Act of 2020 This bill increases the employer tax credit for the retention of employees and coordinates such credit with the Payroll Protection Program. Specifically, it increases the rate of the employee retention credit to 80% of up to $15,000 in employee wages per calendar quarter with an increased annual wage cap of $45,000 for all calendar quarters. The bill increases the maximum credit amount to $36,000. The bill expands the definition of large employer, for credit eligibility purposes, to include employers with more than 1,500 employees and more than $41.5 million in gross receipts in 2019, and requires employers to show a significant decline in gross receipts. It also extends eligibility for the credit to state governmental agencies and Indian tribal governments. The bill also coordinates the credit with the Paycheck Protection Program to allow employers to claim both programs subject to certain restrictions.
Bill· HRH.R. 6783 (116th)referred
United States · United States Congress · 8 May 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, 2033, 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.
Bill· HRH.R. 6762 (116th)referred
United States · United States Congress · 8 May 2020
COVID-19 Earned Income Act This bill sets forth a special rule for determining the amount of the earned income tax credit and the refundable portion of the child tax credit. Specifically, the bill allows a taxpayer to use the earned income of the preceding taxable year in computing such credits if such income is greater than the income for the current taxable year (i..e., 2020).
Bill· HRH.R. 6742 (116th)referred
United States · United States Congress · 8 May 2020
Protecting Life in Crisis Act This bill specifies that federal funds allocated for COVID-19 (i.e., coronavirus disease 2019) response efforts may not, in general, be used for abortions. Current law (specifically, language that has historically been included in certain appropriations bills, commonly referred to as the Hyde Amendment) generally prohibits the use of federal funds for abortions. The bill also restricts the use of federal tax credits or other federal funding for health insurance coverage if the coverage includes abortions.
Bill· HRH.R. 6773 (116th)referred
United States · United States Congress · 8 May 2020
This bill allows a new tax credit for qualifying health care workers for $7,500 in a taxable year. A qualifying health care worker is an individual who (1) worked at any time as a doctor of medicine or osteopathy or any other person capable of providing health care services, (2) provided health care services that treated patients with COVID-19 (i.e., coronavirus disease 2019), and (3) has an income of less than $100,000 ($200,000 for joint returns). The bill also excludes from gross income, for income tax purposes, income of an essential employee that does not exceed $100,000 for the duration of the COVID-19 national emergency. An essential employee is an employee who performs work involving the safety of human life or the protection of property, or who is determined to be an essential employee under state or local law.
Bill· HRH.R. 6754 (116th)referred
United States · United States Congress · 8 May 2020
Protecting the Paycheck Protection Program Act of 2020 This bill amends the Coronavirus Aid, Relief, and Economic Security Act to provide that otherwise deductible expenses and other tax incidents shall not be affected by the exclusion from gross income for loan foregiveness under the Paycheck Protection Program of such Act.