Business Expenses
US Congress 116th Congress
Protecting Taxpayer's Return on Investment Act of 2020 [S.3526]
[Taxes ]
[Budget and Spending ]
[Finance ]
[Small Business ]
[Healthcare ]
[Public Health ]
[Economic Development ]
Sets forth requirements for the purchase or guarantee of a company's assets by the Department of the Treasury in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic. Specifically, as a condition of such a transaction, companies must provide a warrant (i.e., the right to purchase company stock in the future at a specified exercise price) or a senior debt instrument to Treasury. The exercise price for a warrant must be set by Treasury for the primary benefit of taxpayers. Treasury is generally prohibited from purchasing or guaranteeing
(continued...)
Spread the world
Gettr US Congress 116th Congress
Cameron’s Law [HB-6238]
[Healthcare ]
[Taxes ]
[Pharmaceuticals ]
[Public Health ]
[Science ]
Increases the rate of the tax credit for clinical testing expenses for rare diseases or conditions from 25% to 50% (orphan drug tax credit). The bill also requires the Centers for Disease Control and Prevention to complete a study and report on enhancing and expanding the infrastructure to track the epidemiology of rare diseases or conditions.
Spread the world
US Congress 116th Congress
SAFE at Work Act of 2020 Safeguarding Americans From Epidemics at Work Act of 2020 [HB-6219]
[Taxes ]
[Labor, Jobs, Employment ]
[Small Business ]
[Healthcare ]
[Public Health ]
[Economic Development ]
Allows employers a tax credit through 2021 for their employees who telework at least 12 regularly scheduled business days during a month. It also reinstates in 2020 and 2021 the 2% floor on miscellaneous itemized tax deductions and the overall limitation on itemized deductions.
Spread the world
US Congress 116th Congress
State and National Guard Fairness Act of 2020 [HB-6041]
[Taxes ]
[Military ]
[Veterans ]
Allows a miscellaneous itemized deduction for unreimbursed expenses incurred by members of an Armed Forces reserve component or state defense forces.
Spread the world
US Congress 116th Congress
COAT Act Charter Oversight, Accountability, and Transparency Act [HB-5984]
[Education ]
To amend the Elementary and Secondary Education Act of 1965 to improve oversight of private charter management organizations, and for other purposes.
Spread the world
US Congress 116th Congress
Shareholder Political Transparency Act of 2020 [HB-5929]
[Finance ]
[Elections ]
[Ethics ]
[Funding ]
[Law Enforcement ]
Requires an issuer of securities to disclose information related to expenditures for political activities. Specifically, issuers must disclose quarterly any such expenditure, including by identifying any candidate the expenditure was made in relation to and any trade association or other tax exempt organization that received dues or other payments that may be used for political activities. Annually, issuers must report on expenditures for political activities made in the previous year over $10,000 and information related to anticipated expenditures
(continued...)
Spread the world
US Congress 116th Congress
Electric Power Infrastructure Improvement Act [S.3107]
[Energy ]
[Taxes ]
[Infrastructure ]
[Technology and Innovation ]
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
(continued...)
Spread the world
US Congress 116th Congress
Mechanical Insulation Installation Incentive Act of 2019 [HB-5166]
[Taxes ]
[Energy ]
[Construction ]
[Labor, Jobs, Employment ]
[Small Business ]
[Economic Development ]
Allows a tax credit for 10% of the labor costs of installing mechanical insulation property.
Spread the world
US Congress 116th Congress
Post-9/11 Veteran Business Acceleration Act [HB-4991]
[Veterans ]
[Small Business ]
[Economic Development ]
[Education ]
[Funding ]
Requires the Department of Veterans Affairs to collaborate with the Small Business Administration to implement a pilot program to provide financial assistance (in lieu of educational assistance) to eligible individuals under the Post-9/11 Educational Assistance Program for the purpose of (1) establishing and operating a new qualified business enterprise, or (2) operating an existing qualified business enterprise. Eligible individuals are those who (1) are entitled to 36 months of educational assistance under the Post-9/11 Educational Assistance
(continued...)
Spread the world
US Congress 116th Congress
Cyber Shield Act of 2019 [HB-4792]
[Cybersecurity ]
[Technology and Innovation ]
[Consumer Protection ]
[Data Privacy ]
[Public Safety ]
To establish a voluntary program to identify and promote internet-connected products that meet industry-leading cybersecurity and data security standards, guidelines, best practices, methodologies, procedures, and processes, and for other purposes.
Spread the world
US Congress 116th Congress
Cyber Shield Act of 2019 [S.2664]
[Cybersecurity ]
[Technology and Innovation ]
[Consumer Protection ]
[Data Privacy ]
[Public Safety ]
A bill to establish a voluntary program to identify and promote internet-connected products that meet industry-leading cybersecurity and data security standards, guidelines, best practices, methodologies, procedures, and processes, and for other purposes.
Spread the world
US Congress 116th Congress
AICA Act of 2019 American Innovation and Competitiveness Act of 2019 [HB-4549]
[Taxes ]
[Technology and Innovation ]
[Small Business ]
[Science ]
[Economic Development ]
Eliminates the five-year amortization requirement for research and experimental expenditures scheduled to begin in 2022, thus allowing continued expensing of such expenditures in the taxable years in which they are incurred.
Spread the world
US Congress 116th Congress
Exercise and Fitness for All Act [HB-4561]
[Disabilities ]
[Public Health ]
[Healthcare ]
[Consumer Protection ]
Requires the Architectural and Transportation Barriers Compliance Board (Access Board) to develop guidelines for exercise or fitness service providers regarding the provision of accessible exercise or fitness equipment. The Access Board must subsequently promulgate regulations, consistent with the guidelines, requiring that exercise or fitness classes and instruction provided by fitness providers are accessible to people with disabilities. The regulations also must require that each provider make at least one employee available to assist people
(continued...)
Spread the world
US Congress 116th Congress
Virtual Apprenticeship Tax Credit Act of 2019 [HB-4286]
[Taxes ]
[Education ]
[Labor, Jobs, Employment ]
[Small Business ]
[Technology and Innovation ]
Allows employers a business-related tax credit for 30% of the qualified virtual training expenses paid during a taxable year, up to a maximum amount of $2,500. The bill defines "qualified virtual training expenses" as expenses related to developing or expanding an industry-recognized virtual apprenticeship program for elementary and secondary school students.
Spread the world
US Congress 116th Congress
Disabled Access Credit Expansion Act [S.2290]
[Small Business ]
[Taxes ]
[Disabilities ]
[Law Enforcement ]
[Human Services ]
Amends the Internal Revenue Code, with respect to the tax credit for expenditures by an eligible small business to provide access to disabled individuals, to (1) increase from $10,250 to $20,500 the annual dollar limitation for eligible access expenditures, (2) require the $20,500 limit to be adjusted for inflation after 2020, and (3) increase from $1 million to $2.5 million the gross receipts limitation for an eligible small business. The bill also requires the Department of Justice (DOJ) to carry out an ADA Mediation Program to (1) facilitate
(continued...)
Spread the world
US Congress 116th Congress
Disabled Access Credit Expansion Act [HB-4045]
[Small Business ]
[Taxes ]
[Disabilities ]
[Law Enforcement ]
[Human Services ]
Amends the Internal Revenue Code, with respect to the tax credit for expenditures by an eligible small business to provide access to disabled individuals, to (1) increase from $10,250 to $20,500 the annual dollar limitation for eligible access expenditures, (2) require the $20,500 limit to be adjusted for inflation after 2020, and (3) increase from $1 million to $2.5 million the gross receipts limitation for an eligible small business. The bill also requires the Department of Justice (DOJ) to carry out an ADA Mediation Program to (1) facilitate
(continued...)
Spread the world
US Congress 116th Congress
Stop Subsidizing Multimillion Dollar Corporate Bonuses Act [HB-3970]
[Taxes ]
[Finance ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Small Business ]
Extends the $1 million limit on the deductibility of executive compensation to all employees of publicly traded corporations.
Spread the world
US Congress 116th Congress
Stop Subsidizing Multimillion Dollar Corporate Bonuses Act [S.2268]
[Taxes ]
[Finance ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Small Business ]
Extends the $1 million limit on the deductibility of executive compensation to all employees of publicly traded corporations.
Spread the world
US Congress 116th Congress
To amend the Internal Revenue Code of 1986 to modify the effective date for the modification to net operating loss deductions in Public Law 115-97. [HB-3587]
[Taxes ]
Amends the Tax Cuts and Jobs Act of 2017 (P.L. 115-97) to provide that the net operating carryforward and carryback modifications in that Act are effective for net operating losses arising in taxable years beginning after December 31, 2017 (instead of tax years ending after December 31, 2017). The bill also allows an extension of the deadline for filing an application for a tentative carryback adjustment for net operating losses arising before January 1, 2018, and ending after December 31, 2017.
Spread the world
US Congress 116th Congress
Taxpayer Certainty and Disaster Tax Relief Act of 2019 [HB-3301]
[Taxes ]
[Energy ]
[Disaster Relief ]
[Budget and Spending ]
[Small Business ]
Extends certain individual and business-related tax provisions, provides tax incentives for energy production and green economy jobs, eliminates the increase in the estate and gift tax unified credit after 2022, and provides disaster tax relief.