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51 records in US in 2016
United States · United States Congress · 9 December 2016
Budgetary Accuracy in Scoring Interest Costs Act of 2016 This bill amends the Congressional Budget and Impoundment Control Act of 1974 to require any cost estimates prepared by the Congressional Budget Office or the Joint Committee on Taxation to include debt servicing costs.
United States · United States Congress · 8 December 2016
Progressive Consumption Tax Act of 201 6 This bill amends the Internal Revenue Code to impose a consumption tax of 10% of the taxable amount of domestic goods and services. It exempts from such tax certain goods and services exported or used outside the United States. It also lowers individual and corporate income tax rates. The bill repeals specified income tax credits and deductions, except for the deductions for mortgage interest, charitable contributions, state and local income taxes, gambling losses, alimony payments, and investment interest. The bill: (1) provides for a family allowance of up to $100,000 for married individuals filing a joint tax return, (2) allows a rebate for U.S. taxpayers consisting of an earned income amount and a child benefit amount, and (3) provides for a refund of excess consumption tax revenue (net consumption tax revenues that exceed 10% of gross domestic product in a calendar year) to individual taxpayers.
United States · United States Congress · 8 December 2016
No Windfalls for Government Service Act This bill amends the Internal Revenue Code to establish a $1 million lifetime limitation on the nonrecognition of a taxpayer's gains from the sale of property pursuant to a certificate of divesture to comply with conflict-of-interest requirements for certain federal government positions.
United States · United States Congress · 8 December 2016
Students and Families Empowerment Act This bill amends the Internal Revenue Code, with respect to the deduction for interest on education loans, to replace the dollar limitation and the limitation based on modified adjusted gross income with a $1 million limit ($2 million in the case of a joint return) on the aggregate amount of qualified education loans that may be taken into account for the deduction. The bill excludes from gross income the discharge of any student loan debt pursuant to income contingent and income-based repayment plans under the Higher Education Act of 1965. The bill also amends the Higher Education Act of 1965 to extend from 6 months to 12 months: (1) the grace period before payment must begin on Federal Direct Stafford Loans and Federal Direct Unsubsidized Stafford Loans after the student ceases to carry at least one-half of the normal full-time academic workload, and (2) the deferment periods for parent borrowers and graduate or professional student borrowers with Federal Direct PLUS Loans. The bill prohibits interest from accruing on a Federal Direct Unsubsidized Stafford Loan or a Federal Direct PLUS Loan during the 12-month extension or deferral period.
United States · United States Congress · 8 December 2016
American Future Healthcare Act of 2016 This bill amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to: repeal the requirement that an individual making a tax deductible contribution to an HSA be covered by a high deductible health care plan; increase the maximum HSA contribution level; allow Medicare eligible individuals to contribute to an HSA; allow HSAs to be used to purchase health insurance; provide a cost-of-living adjustment for the limits on additional contributions for individuals 55 or older (catch-up contributions); require the cost-of-living adjustments to be indexed to the CPI medical care component (the medical care component for the Consumer Price Index for All Urban Consumers published by the Department of Labor); and allow a rollover of HSA amounts to a Medicare Advantage Medical Savings Account (MSA).
United States · United States Congress · 8 December 2016
This bill amends: (1) the Freedom of Information Act to require the Department of the Treasury to make available each federal income tax return filed by an individual serving as President upon request, and (2) the Internal Revenue Code to authorize Treasury to disclose such returns.
United States · United States Congress · 8 December 2016
Prescription Drug and Medical Device Price Review Board Act of 2016 This bill establishes the Prescription Drug and Medical Device Price Review Board within the Food and Drug Administration. Each manufacturer of a prescription drug or medical device that is sold in the United States must submit to the board: each type of prescription drug and medical device that it sells in the United States, or in a country that is a member of the Organization for Economic Co-operation and Development; the price charged by the manufacturer for the drug or device; and the costs of the manufacturer to produce them. The board must establish a formula for determining whether the average manufacturer price of a prescription drug or medical device over an annual quarter is an excessive price. Manufacturers may not charge excessive prices. Individuals may petition the board to determine whether the price for a prescription drug or medical device is excessive. The board may subject violators to reduced patent terms, civil penalties, and increased Medicaid rebates. The bill amends the Internal Revenue Code to impose a tax on the sale of prescription drugs or medical devices that have excessive prices. The board must allow individuals to import from approved counties prescription drugs and devices that are comparable to prescription drugs and devices with excessive prices.
United States · United States Congress · 8 December 2016
Swine Waste Infrastructure and Natural Environment Act or the SWINE Act This bill establishes a program to certify environmentally sustainable swine waste disposal technologies and authorizes related tax credits and grants. The Department of Agriculture (USDA) must certify technologies that: eliminate animal discharge into surface waters and groundwater through direct discharge, seepage, or runoff; substantially eliminate atmospheric emissions of ammonia from swine waste; substantially eliminate the emission of odor from swine waste that is detectable beyond the boundaries of the parcel or tract of land on which the swine farm is located; substantially eliminate the release of disease-transmitting vectors and airborne pathogens from swine waste; substantially eliminate nutrient and heavy metal contamination of soil and groundwater from swine waste; and are cost-effective. States may not issue permits, pursuant to any federal law, to a swine farm that is a concentrated animal feeding operation unless the farm disposes of swine waste using a certified technology. The bill amends several agricultural laws to: require USDA to make competitive grants for activities to identify, evaluate, and demonstrate environmentally superior swine waste management technologies; permit the Pork Promotion Board to use its funding for activities related to the grants; and make the installation and maintenance of a certified technology on a swine farm eligible for the Environmental Quality Incentives Program. The bill amends the Internal Revenue Code to allow tax credits for: (1) the installation of a certified swine waste disposal technology, and (2) the disposal of swine waste using certified technology.
United States · United States Congress · 8 December 2016
Presidential Tax Disclosure Act of 2016 This bill requires any individual holding the office of President to submit federal tax returns to the Office of Government Ethics (OGE). The individual must submit: (1) each return filed with the Internal Revenue Service (IRS) for any year ending while the individual is President, and (2) each return filed with the IRS for the three years before the individual assumed office. After receiving the returns, the OGE must: (1) make the returns publicly available on the Internet, and (2) submit the returns to specified congressional committees. No information may be redacted from the disclosed returns except for: (1) Social Security, tax identification, and account identification numbers; and (2) the names of any dependent of the taxpayer. The bill establishes civil and criminal penalties to enforce the disclosure requirements. It also amends the Internal Revenue Code to permit the IRS to disclose to the OGE any federal tax return that is required to be disclosed by this bill, but has not been submitted to the OGE within a specified deadline.
United States · United States Congress · 8 December 2016
Service Members Financial Planning Assistance Act of 2016 This bill amends the National Defense Authorization Act for Fiscal Year 2016, effective as of January 1, 2018, to require the department concerned (Department of the Army, Navy, Air Force, Homeland Security, or Commerce) to ensure that certain members of the uniformed services who will be eligible to make an election of lump sum payment of certain military retired pay have access to retirement planning assistance with a certified financial planner, at no cost, by December 30, 2017, to help weigh the potential benefits and drawbacks of making such election and of selecting a particular payment percentage.
United States · United States Congress · 8 December 2016
Tax Benefit for Homeownership Clarification Act This bill amends the Internal Revenue Code to reduce the limitation on the mortgage interest deduction for the acquisition indebtedness of certain taxpayers. (Acquisition indebtedness is indebtedness that: (1) is incurred in acquiring, constructing, or substantially improving any qualified residence of the taxpayer; and (2) is secured by such residence. It also includes refinancing of the debt in certain situations.)
United States · United States Congress · 8 December 2016
Social Security Reform Act of 2016 This bill amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSAct) to: phase in (from 2023 to 2032) a new benefit formula for retired and disabled worker beneficiaries becoming eligible in 2023 and later; repeal the windfall elimination provision; raise the full retirement age; extend the maximum age for entitlement to delayed retirement credit; limit eligibility for the cost-of-living adjustment and tie increases in benefits to the Chained Consumer Price Index for All Urban Consumers; cap the nonworking spouse benefit and the child's benefit; lower the age requirement in or after 2019 for school attendance by child beneficiaries; provide a new minimum benefit for workers with more than 10 years of covered earnings; repeal the retirement earnings test; provide an option to split the delayed retirement credit to offer a lump sum benefit at initial entitlement for workers attaining age 62 in 2023 and later; increase after 2022 the monthly benefit of beneficiaries who have been eligible for at least 20 years; eliminate the seven year limitation on widow's and widower's benefits for disabled surviving spouses and the requirement that such spouses attain age 50 to be eligible for benefits; and waive the two-year duration of the divorce requirement for benefit eligibility in cases of remarriage to someone other than the claimant before the two-year period has elapsed. The bill amends the Internal Revenue Code to phaseout and eliminate after 2053 the tax that is credited to the Old Age, Survivors, Insurance (OASI) and Disability Income (DI) Trust Funds.
United States · United States Congress · 8 December 2016
Intelligence Authorization Act for Fiscal Year 2017 This bill authorizes FY2017 appropriations for the conduct of intelligence and intelligence-related activities of: the Office of the Director of National Intelligence (ODNI); the Central Intelligence Agency (CIA); the Department of Defense; the Defense Intelligence Agency (DIA); the National Security Agency (NSA); the Departments of the Army, Navy, and Air Force; the U.S. Coast Guard; the Departments of State, the Treasury, Energy, and Justice; the Federal Bureau of Investigation (FBI); the Drug Enforcement Administration; the National Reconnaissance Office (NRO); the National Geospatial-Intelligence Agency; and the Department of Homeland Security (DHS). The bill authorizes FY2017 appropriations for: (1) the Intelligence Community Management Account, and (2) the Central Intelligence Agency Retirement and Disability Fund. The ODNI must: (1) submit a five-year investment strategy for outreach and recruiting efforts in the fields of science, technology, engineering, and mathematics (STEM) that includes cybersecurity and computer literacy; (2) implement a multisector workforce initiative to enable the intelligence community to build and maintain an appropriate ratio of employees and core contractors; (3) issue guidance regarding the intelligence community's engagements with the entertainment industry; and (4) implement a uniform policy to ensure the independence of inspectors general of the intelligence community, the ODNI, the CIA, the NSA, the DIA, the NGA, and the NRO. For FY2017 and FY2018, personnel of the intelligence community must be managed solely on the basis of: (1) the workload required to carry out intelligence community functions, and (2) the funds made available for each such fiscal year. Management of intelligence personnel during this period shall not be subject to any constraint or limitation in terms of man years, end strength, positions, or maximum number of employees. DHS's national cybersecurity and communications integration center must carry out a program to provide assistance to certain critical infrastructure entities to reduce the risk of regional or national catastrophic harm caused by a cyber attack. The Office of the National Counterintelligence Executive is redesignated as the National Counterintelligence and Security Center with a director to be appointed by the President with the advice and consent of the Senate. The bill revises or sets forth requirements for: the ODNI to participate in fund-raising events for nonprofit organizations that support intelligence community employees and their families, CIA employee death and retirement benefits, publication of the logos of terrorist organizations, space-based environmental monitoring missions and acquisition programs to meet national security requirements for cloud characterization and theater weather imagery, an evaluation of aerial imagery technologies that can be used to share intelligence with other countries as a replacement for the current regime of observation flights, a declassification review of intelligence reports regarding past terrorist activities of detainees transferred or released from Guantanamo Bay, Cuba, and a concept for a combined interagency space operations center and an updated strategy for national security satellite systems. The bill establishes an executive branch interagency committee to counter active measures by the Russian Federation to exert covert influence over peoples and governments. The State Department must coordinate with the FBI and the ODNI to establish a mandatory advance notification regime governing all travel by accredited diplomatic and consular personnel of the Russian Federation in the United States.
United States · United States Congress · 7 December 2016
Federal Immigration Law Compliance Act of 2016 or the FILCA of 2016 This bill prohibits an entity (including a university, a state political subdivision, or other person) that receives federal funds in a fiscal year from receiving additional federal funds in that fiscal year or the succeeding fiscal year if it fails to comply with a lawful request for information or detainment of an alien made by any federal immigration officer or employee. Unobligated federal funds made available to a non-compliant entity are rescinded. A state or political subdivision that complies with a detainer is deemed to be an agent of the Department of Homeland Security (DHS), has authority available to DHS to take actions to comply with the detainer, and shall not be liable for such actions. DHS may issue a detainer for an alien who is in federal, state, or local custody requesting: (1) all relevant information collected pertaining to such alien and notification of his or her future release, or (2) continued detention until DHS assumes custody. DHS may request from any entity that receives federal funds other immigration-related information pertaining to an alien that is not otherwise precluded from disclosure.
United States · United States Congress · 7 December 2016
End the Backlog Act This bill requires that if the total amount appropriated for the Executive Office for Immigration Review does not exceed $485.3 million for FY2017, the total amount authorized to be appropriated for FY2018 and each of the three succeeding fiscal years for: (1) U.S. Customs and Border Protection is $13,219,051; and (2) U.S. Immigration and Customs Enforcement is $6,151,579.
United States · United States Congress · 7 December 2016
Sets forth the rule for consideration of the Senate amendment to the bill (H.R. 2028) making appropriations for energy and water development and related agencies for the fiscal year ending September 30, 2016, and for other purposes, and providing for consideration of the bill (S. 612) to designate the Federal building and United States courthouse located at 1300 Victoria Street in Laredo, Texas, as the "George P. Kazen Federal Building and United States Courthouse".
United States · United States Congress · 7 December 2016
Promoting More American Manufacturing Jobs Act This bill amends the Internal Revenue Code to specify rules for applying the deduction for income from domestic production activities to contract manufacturing or production arrangements. In a contract manufacturing or production arrangement, a person contracts with one or more unrelated persons for the manufacture, production, growth, or extraction of an item of qualifying production property (tangible personal property, computer software, and sound recordings) or film. The qualifying production property must be manufactured, produced, grown, or extracted in whole or significant part within the United States. In an arrangement in which any person makes a substantial contribution through the activities of its employees within the United States to the manufacture, production, growth, or extraction of qualifying production property: (1) the person shall be treated as engaging in the activity, and (2) the domestic production gross receipts of the person shall include the gross receipts received under the arrangement for the activities. The Internal Revenue Service must prescribe regulations that include specified factors for determining a substantial contribution. A person with an economic risk of loss of more than 50% of the direct material costs necessary to the manufacture, production, growth, or extraction of the qualifying production is deemed to make a substantial contribution. The parties to an arrangement may agree in writing to: (1) make only one person eligible for the deduction, or (2) apply the rules retroactively to tax years in which only one person claimed the deduction.
United States · United States Congress · 7 December 2016
Graduate Student Savings Act of 2016 This bill amends the Internal Revenue Code to allow funds paid to an individual to aid in the pursuit of graduate or postdoctoral study or research to be saved in an Individual Retirement Account (IRA). The bill permits the funds to be considered compensation for purposes of current law provisions that limit annual deductible IRA contributions to the lesser of: (1) the deductible amount permitted under current law, or (2) the compensation includible in the individual's gross income for the year.
United States · United States Congress · 7 December 2016
Help Our Neediest Families Act of 2016 This bill amends part A (Temporary Assistance for Needy Families) (TANF) of title IV of the Social Security Act to prohibit a state to which a TANF grant is made from using any part of such grant for drug testing of TANF applicants or recipients. If the Department of Health and Human Services (HHS) determines that a state has violated such prohibition, it shall reduce the family assistance grant amount payable to the state for the immediately succeeding fiscal year by not more than 1%. This bill amends the United States Housing Act of 1937 to prohibit drug testing of aid recipients under the housing choice voucher program.
United States · United States Congress · 6 December 2016
Veterans Health Care Trust Fund Act This bill requires the Department of Veterans Affairs (VA), upon the commencement of any war, to establish a trust fund to be named for that war. Amounts collected pursuant to a war tax (required by this bill) shall be deposited into such fund and may be used by the VA to provide for veterans who serve on active duty during that war programs and benefits directly related to their health care. For any fiscal year during which the VA makes a withdrawal from such a fund, the Government Accountability Office shall conduct an audit of the consolidated financial statements relating to the fund. The bill amends the Internal Revenue Code to provide for the imposition upon individuals who have not served on active duty in the Armed Forces of a graduated income tax with respect to each war occurring at any time during the taxable year.
United States · United States Congress · 6 December 2016
This joint resolution approves the location within Washington, D.C. and the surrounding area of the National Desert Storm and Desert Shield Memorial authorized to be established under the Carl Levin and Howard P. `Buck' McKeon National Defense Authorization Act for Fiscal Year 2015.
United States · United States Congress · 6 December 2016
Attracting and Retaining Entrepreneurs Act This bill: (1) amends the Immigration and Nationality Act to establish a three-year nonimmigrant entrepreneur W-visa for an alien meeting specified investment, or job creation and revenue, requirements; and (2) establishes a $1,000 visa fee. Additional three-year periods of admission are allowed if the individual meets specified job creation and revenue or investment requirements. An individual who has not met such admission renewal requirements may be granted up to two one-year renewals if: (1) he or she has made substantial progress in meeting such criteria, and (2) such renewal is economically beneficial to the United States. The bill establishes an employment-based entrepreneur immigrant visa for an individual who: (1) has a significant ownership interest in a U.S. business entity, (2) is employed in a senior executive position at such entity, (3) submits a business plan to U.S. Citizenship and Immigration Services, and (4) had a substantial role in the founding or early-stage growth and development of such entity. The bill sets forth visa criteria, which shall include qualifying: (1) nonimmigrant U.S. residency, (2) job creation, (3) investment and revenue amounts, (4) education levels, and (5) ownership in a U.S. entity. Up to 10,000 entrepreneur immigrant visas shall be made available each fiscal year.
United States · United States Congress · 6 December 2016
This bill amends the Protecting Americans from Tax Hikes Act of 2015 to extend the waiver of limitations on credits or refunds related to the exclusion from gross income of certain civil damages, restitution, or other monetary awards received by wrongfully incarcerated individuals.
United States · United States Congress · 6 December 2016
Tax Technical Corrections Act of 2016 This bill makes technical and clerical amendments to: the Protecting Americans From Tax Hikes Act of 2015; the Consolidated Appropriations Act, 2016; the Fixing America's Surface Transportation Act; the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015; the Stephen Beck, Jr., ABLE Act of 2014; the American Taxpayer Relief Act of 2012; the United States-Korea Free Trade Agreement Implementation Act; the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU); the American Jobs Creation Act of 2004; provisions of the Internal Revenue Code related to partnership audit rules; the Bipartisan Budget Act of 2015; the Energy Policy Act of 2005; and other specified provisions of the Internal Revenue Code. The bill also amends various provisions in the Internal Revenue Code that are not used in computing current tax liabilities (referred to as deadwood provisions).
United States · United States Congress · 6 December 2016
Economic Mobility for Productive Livelihoods and Expanding Opportunity Act of 2016 or the EMPLEO Act This bill amends the Fair Labor Standards Act of 1938 to require every employer to pay to each of his or her eligible Puerto Rican employees who in any workweek are engaged in commerce and who receive qualified wage subsidy payments minimum wages of $5.00 an hour, determined without regard to those wage subsidy payments. The bill amends the Internal Revenue Code to treat certain employers who make qualified wage subsidy payments to eligible Puerto Rico employees as having paid payroll taxes in an amount equal to the wage subsidy payment. An “eligible Puerto Rico employee” is any individual who: (1) is a U.S. citizen, (2) has a Social Security number, and (3) certifies to the employer that he or she is a resident of Puerto Rico and intends to remain a resident for at least the next six months. A “qualified wage subsidy payment” is a payment equal to 50% of the excess (if any) of: (1) the median hourly wage for Puerto Rico ($10 for 2017 and 2018), over (2) the hourly wage paid to the eligible Puerto Rico employee. The bill sets forth reporting requirements for participating employers and requirements for determining the median hourly wage for Puerto Rico after 2018.
United States · United States Congress · 6 December 2016
Student Borrower Higher Education Lending Protection Act of 2016 or the Student Borrower HELP Act of 2016 This bill amends the Truth in Lending Act to provide to student borrowers of private education loans: (1) loan payment deferments without interest accruing during any period in which the student borrower is temporarily disabled, and (2) loan discharges if a student borrower dies or becomes totally or permanently disabled. If a student borrower dies or becomes totally or permanently disabled, the student borrower, any cosigner on the loan, or the estate of either the student borrower or the cosigner shall not be obligated to make any additional loan payments. The Internal Revenue Code is amended to exclude from an individual's gross income (which would otherwise include cancellation of debt as income) amounts based on the discharge of a student loan under this bill. An individual is therefore not subject to tax liability for the discharge of student loan debt under this bill. Private educational lenders must disclose to borrowers the number of private education loans they offer and the number and rate of defaults on such loans.
United States · United States Congress · 6 December 2016
Heroin and Opioid Abuse Prevention and Treatment Act of 2016 This bill amends the Internal Revenue Code to require manufacturers, producers, and importers of active opioids to pay an excise tax of one cent per milligram of opioid. The bill also amends the Public Health Service Act to require the Department of Health and Human Services (HHS) to provide grants to states for: (1) research on opioids (including heroin), and (2) opioid abuse prevention and treatment. The Department of the Treasury must transfer an amount equal to the revenue collected from the tax to HHS to carry out this bill. The bill makes the funds available without further appropriation and designates the funding as an emergency requirement under the Statutory Pay-As-You-Go Act of 2010 (PAYGO).
United States · United States Congress · 6 December 2016
Tax Technical Corrections Act of 2016 This bill makes technical and clerical amendments to: the Protecting Americans From Tax Hikes Act of 2015; the Consolidated Appropriations Act, 2016; the Fixing America's Surface Transportation Act; the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015; the Stephen Beck, Jr., ABLE Act of 2014; the American Taxpayer Relief Act of 2012; the United States-Korea Free Trade Agreement Implementation Act; the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU); the American Jobs Creation Act of 2004; provisions of the Internal Revenue Code related to partnership audit rules; the Bipartisan Budget Act of 2015; the Energy Policy Act of 2005; and other specified provisions of the Internal Revenue Code. The bill also amends various provisions in the Internal Revenue Code that are not used in computing current tax liabilities (referred to as deadwood provisions).
United States · United States Congress · 5 December 2016
Directs the Secretary of the Senate to make specified technical corrections in the enrollment of S. 2943 (National Defense Authorization Act for Fiscal Year 2017).
United States · United States Congress · 5 December 2016
This bill amends the Protecting Americans from Tax Hikes Act of 2015 to extend the waiver of limitations on credits or refunds related to the exclusion from gross income of certain civil damages, restitution, or other monetary awards received by wrongfully incarcerated individuals.
United States · United States Congress · 5 December 2016
Daniel Webster Congressional Clerkship Act of 2016 This bill establishes the Daniel Webster Congressional Clerkship Program for the appointment of individuals who are graduates of accredited law schools to serve as congressional clerks in the Senate or House of Representatives. The Senate Committee on Rules and Administration and the House Committee on House Administration must each select at least six individuals for a one-year term to serve for a clerkship with an office in their respective chambers. The committees shall ensure that congressional clerks selected under this bill are apportioned equally between majority and minority party offices. The bill expresses the sense of the Senate that: (1) the amount of financial assistance provided to a congressional clerk should, if practicable, be comparable to the compensation and benefits provided for similar clerkships offered through the federal judiciary and executive branches; and (2) any financial assistance provided to a clerk should not result in a net increase in the amounts appropriated for the legislative branch for any fiscal year.
United States · United States Congress · 5 December 2016
Servicemember Retirement Improvement Act This bill amends the Internal Revenue Code to allow members of the Ready Reserve of a reserve component of the Armed Forces to make the maximum allowable contribution ($18,000 in 2016) to their Thrift Savings Plans without limiting the amount such members may contribute to a retirement plan based upon other employment. The bill also doubles the maximum allowable contribution amount to the Thrift Savings Plans of federal employees in the Ready Reserve.
United States · United States Senate · 2 December 2016
United States · United States Congress · 1 December 2016
Commuter Access Reform Act This bill amends the Internal Revenue Code to treat transportation provided by an employer's qualified alternative commuter program as a qualified transportation fringe benefit that is excluded from an employee's gross income. A "qualified alternative commuter program" reimburses an employee for the cost of certain ride-share commuting transportation between the employee's residence, place of employment, or a mass transit facility. The benefit applies to ride-sharing commuting transportation in a commuter vehicle provided by a transportation network company if: (1) it is designed to provide service to multiple passengers with fully or partially overlapping journeys, and (2) the fare for each passenger is determined at the beginning of the trip and is based on the transportation having multiple riders. The benefit is subject to a limit on the aggregate amount of transportation fringe benefits for parking and an alternative commuter program that may be excluded from gross income.
United States · United States Congress · 30 November 2016
Sets forth the rule for consideration of the conference report to accompany the bill (S. 2943) to authorize appropriations for fiscal year 2017 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year.
United States · United States Congress · 30 November 2016
Building Efficiently Act of 2016 This bill amends the Internal Revenue Code to expand the new energy efficient home tax credit to allow, in lieu of the existing credit, a credit for 3.3% of the cost of constructing a new energy efficient home that is a qualified energy efficient residential rental property. An energy efficient residential rental property must be certified as being constructed, reconstructed, or retrofitted under a plan designed to reduce energy and power consumption of the building by at least 40% compared to: (1) the baseline annual energy and power consumption of the building in the case of a retrofit made to an existing building, or (2) a reference building which meets the minimum requirements of the International Energy Conservation Code 2004 in any other case. The bill also eliminates the basis reduction requirements for low-income housing properties receiving: (1) the new energy efficient home credit, (2) the energy efficient commercial buildings deduction, or (3) the credit for investments in energy property.
United States · United States Congress · 30 November 2016
This bill amends the Internal Revenue Code to extend until January 1, 2019, the exclusion from gross income of the discharge of qualified principal residence indebtedness.
United States · United States Congress · 30 November 2016
This bill amends the Internal Revenue Code to extend until January 1, 2018, the exclusion from gross income of the discharge of qualified principal residence indebtedness.
United States · United States Congress · 30 November 2016
Creating Opportunities for Rural Economies Act or the CORE Act This bill amends the Internal Revenue Code to require at least 5% of the new markets tax credit limitation to be allocated to community development entities in connection with certain investments, financial counseling, and other services in distressed coal communities. A "distressed coal community" is any low-income community located in a county that: (1) was one of the 30 counties with the biggest employment decrease among coal operators over a specified time period; or (2) is contiguous to a county that has the required decrease in employment, is located in the same state, and contains at least one low-income community.
United States · United States Congress · 29 November 2016
This bill requires the Department of the Treasury and the Department of Labor to cooperate to modify specified returns required for deferred compensation plans and other employee benefit plans to permit all members of a group of plans to file a single aggregated annual return or report satisfying the requirements of both the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA). The requirement applies to a group in which all of the plans: are individual account plans or defined contribution plans; have the same trustee, the same one or more named fiduciaries, the same administrator, and plan years beginning on the same date; and provide the same investments or investment options to participants and beneficiaries. The bill also specifies that, for the purposes of applying the numerical limitations related to the electronic filing of returns for deferred compensation plans, each plan for which information is provided on the return must be treated as a separate return.
United States · United States Congress · 29 November 2016
Protection of Military Airfields from Wind Turbine Encroachment Act This bill amends the Internal Revenue Code to make new wind facilities located near certain military installations ineligible for the tax credits for: (1) electricity produced from renewable resources, and (2) investments in qualified small wind energy property. The bill applies to facilities that are originally placed in service after the date of enactment of this bill and are located within a 40-mile radius of: (1) an airfield or airbase that is under the jurisdiction of a military department and in active use; or (2) an air traffic control radar site, weather radar site, or aircraft navigation aid that is owned or operated by the Department of Defense and is a permanent land-based structure at a fixed location.
United States · United States Congress · 29 November 2016
Retirement Security for American Workers Act This bill amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to modify the qualification requirements for certain multiple employer retirement plans. A multiple employer plan that meets certain criteria may not be disqualified or otherwise lose its tax-favored status because one or more participating employers fail to take actions required with respect to the plan. The bill applies to a multiple employer defined contribution plan or a plan that consists of Individual Retirement Accounts that either: (1) is sponsored by employers that both have a common interest other than having adopted the plan and control the plan, or (2) have a pooled plan provider. The bill does not apply unless the terms of the plan require a noncompliant employer to, subject to the discretion of the Internal Revenue Service, (1) transfer assets of the plan attributable to the employees of the noncompliant employer to other specified retirement plans, and (2) be liable for plan liabilities attributable to employees of the noncompliant employer. For the purposes of this bill, a defined contribution plan that is established or maintained for the purpose of providing benefits to the employees of two or more employers and that meets certain requirements (a pooled employer plan) is treated for the purposes of ERISA as a single plan that is a multiple employer plan. The bill modifies reporting requirements under ERISA that apply to pooled employer and multiple employer plans.
United States · United States Congress · 29 November 2016
Realizing Opportunity for Spouses in Employment Act or the ROSIE Act This bill amends the Internal Revenue Code to exempt the spouses of active duty members of the Armed Forces from being counted as employees to determine if an employer is an applicable large employer, with respect to health coverage requirements under the Patient Protection and Affordable Care Act.
United States · United States Congress · 29 November 2016
Recognizes that the United States needs a strong and vibrant charitable and philanthropic sector to enable communities to meet local needs. Expresses support for: (1) the designation of #GivingTuesday as a way to encourage charitable giving; and (2) strong incentives that encourage all Americans to give generously to charitable organizations by protecting the existing charitable deduction and reinstating incentives that encourage philanthropy, volunteering, and innovation.
United States · United States Congress · 22 November 2016
Intelligence Authorization Act for Fiscal Year 2017 This bill authorizes FY2017 appropriations for the conduct of intelligence and intelligence-related activities of: the Office of the Director of National Intelligence (ODNI); the Central Intelligence Agency (CIA); the Department of Defense; the Defense Intelligence Agency (DIA); the National Security Agency (NSA); the Departments of the Army, Navy, and Air Force; the U.S. Coast Guard; the Departments of State, the Treasury, Energy, and Justice; the Federal Bureau of Investigation; the Drug Enforcement Administration; the National Reconnaissance Office (NRO); the National Geospatial-Intelligence Agency (NGA); and the Department of Homeland Security. The bill also authorizes FY2017 appropriations for: (1) the Intelligence Community Management Account, (2) the Central Intelligence Agency Retirement and Disability Fund, and (3) the Privacy and Civil Liberties Oversight Board. The ODNI must submit a five-year investment strategy for outreach and recruiting efforts in the fields of science, technology, engineering, and mathematics (STEM) that includes cybersecurity and computer literacy. Higher minimum pay rates may be established for positions that require STEM expertise. The bill establishes an executive branch interagency committee to counter active measures by the Russian Federation to exert covert influence over peoples and governments. It places travel restrictions on personnel and consulars of the Russian Federation in the United States. The ODNI must implement a uniform policy to ensure the independence of inspectors general of the intelligence community, the ODNI, the CIA, the NSA, the DIA, the NGA, and the NRO. Inspectors general must report directly to Congress when an employee's urgent concern involving classified information or false statements appears credible. The Office of the National Counterintelligence Executive is redesignated as the National Counterintelligence and Security Center, with a director to be appointed by the President with the advice and consent of the Senate. The bill also revises or sets forth requirements for: the ODNI to participate in fundraising events for nonprofit organizations that support intelligence community employees and their families; CIA employee death and retirement benefits; publication of the logos of terrorist organizations; space-based environmental monitoring missions and acquisition programs to meet national security requirements for cloud characterization and theater weather imagery; an evaluation of aerial imagery technologies that can be used to share intelligence with other countries as a replacement for the current regime of observation flights; a declassification review of intelligence reports regarding past terrorist activities of detainees transferred from Guantanamo Bay, Cuba; and a concept for a combined interagency space operations center and an updated strategy for national security satellite systems.
United States · United States Congress · 18 November 2016
This bill amends the Internal Revenue Code to extend through December 31, 2018, the tax deduction for mortgage insurance premiums treated as interest.
United States · United States Congress · 18 November 2016
This bill amends the Internal Revenue Code to extend through December 31, 2017, the tax deduction for mortgage insurance premiums treated as interest.
United States · United States Congress · 18 November 2016
This bill amends the Internal Revenue Code to extend through December 31, 2017, the tax credit for qualified fuel cell property.
United States · United States Congress · 18 November 2016
This bill amends the Internal Revenue Code to extend through December 31, 2018, the tax credit for qualified fuel cell property.
United States · United States Congress · 18 November 2016
This bill amends the Internal Revenue Code to extend through December 31, 2017, the tax credit for qualified microturbine property.