Business Expenses
US Congress 117th Congress
Stop Subsidizing Multimillion Dollar Corporate Bonuses Act [HB-697]
[Taxes ]
[Finance ]
[Labor, Jobs, Employment ]
To amend the Internal Revenue Code of 1986 to expand the denial of deduction for certain excessive employee remuneration, and for other purposes.
Sponsored by: Rep. Raul Grijalva
Introduced In House on 02/02/2021
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RAM Act of 2021 Reshoring American Manufacturing Act of 2021 [HB-590]
[Manufacturing ]
[Taxes ]
[Trade ]
[Small Business ]
[Economic Development ]
To amend the Internal Revenue Code of 1986 to provide a tax credit for certain expenses of moving manufacturing equipment from China to the United States, and for other purposes.
Sponsored by: Rep. Bill Johnson
Introduced In House on 01/28/2021
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US Congress 117th Congress
End Taxpayer Subsidies for Drug Ads Act [S.141]
[Pharmaceuticals ]
[Taxes ]
[Healthcare ]
A bill to amend the Internal Revenue Code of 1986 to deny the deduction for advertising and promotional expenses for prescription drugs.
Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Finance. on 01/28/2021
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US Congress 117th Congress
Reopen Small Businesses Safely Act [HB-561]
[Small Business ]
[Disaster Relief ]
[Public Health ]
[Funding ]
[Grants ]
[Economic Development ]
[Labor, Jobs, Employment ]
To direct the Administrator of the Small Business Administration to issue rules or guidance on the ability of borrowers to use economic injury disaster loan proceeds for covered worker protection expenditures, and for other purposes.
Sponsored by: Rep. Ted Lieu
Introduced In House on 01/28/2021
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US Congress 117th Congress
Filtering and Retrofitting the Environment for Safe and Healthy Activities Indoors and Revenue (FRESH AIR) for Businesses Act [S.122]
[Air Quality ]
[Taxes ]
[Small Business ]
[Healthcare ]
[Public Health ]
[Economic Development ]
[Funding ]
[Grants ]
[Labor, Jobs, Employment ]
A bill to provide a credit against payroll taxes to businesses and nonprofit organizations that purchase or upgrade ventilation and air filtration systems to help prevent the spread of COVID-19 and other airborne communicable diseases.
Sponsored by: Sen. Kevin Cramer
Read Twice And Referred To The Committee On Finance. on 01/28/2021
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US Congress 117th Congress
No CFPB in the PPP Act [S.49]
[Finance ]
[Small Business ]
[Consumer Protection ]
[Budget and Spending ]
A bill to prohibit the Bureau of Consumer Financial Protection from overseeing lending institutions' participation in the Paycheck Protection Program.
Sponsored by: Sen. Mike Lee
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/26/2021
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US Congress 116th Congress
Enhancing the Security of the U.S. Pharmaceutical Supply Chain Act of 2020 [HB-8987]
[Healthcare ]
[Pharmaceuticals ]
[Public Health ]
[Manufacturing ]
[National Security ]
[Trade ]
[Consumer Protection ]
To amend the Public Health Service Act to incentivize the manufacture of certain medicines in the United States and to enhance the security of the United States pharmaceutical supply chain, and for other purposes.
Sponsored by: Rep. John Joyce
Introduced In House on 12/16/2020
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US Congress 116th Congress
HITS Act Help Independent Tracks Succeed Act [S.4955]
[Arts and Culture ]
[Finance ]
[Taxes ]
[Small Business ]
[Economic Development ]
Permits taxpayers to treat as currently deductible expenses the cost of qualified sound recording productions not exceeding $150,000 in a taxable year. The bill defines qualified sound recording production as certain sound recordings produced and recorded in the United States.
Sponsored by: Sen. Dianne Feinstein
Read Twice And Referred To The Committee On Finance. on 12/03/2020
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US Congress 114th Congress
Promotion and Expansion of Private Employee Ownership Act of 2015 Short Titles as Introduced for portions of this bill: Promotion and Expansion of Private Employee Ownership Act of 2015 Official Titles: Official Titles - Senate Official Titles as Introduced: An original resolution expressing the sense of the Committee on Small Business and Entrepreneurship of the Senate relating to easing the burden of Federal tax compliance on small businesses. [SR-252]
[Finance ]
[Taxes ]
[Small Business ]
[Labor, Jobs, Employment ]
[Economic Development ]
Promotion and Expansion of Private Employee Ownership Act of 2015 Short Titles as Introduced for portions of this bill: Promotion and Expansion of Private Employee Ownership Act of 2015 Official Titles: Official Titles - Senate Official Titles as Introduced: An original resolution expressing the sense of the Committee on Small Business and Entrepreneurship of the Senate relating to easing the burden of Federal tax compliance on small businesses. This bill amends provisions of the Internal Revenue Code relating to the taxation of small
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Sponsored by: Sen. David Vitter
By Senator Vitter From Committee On Small Business And Entrepreneurship Filed Written Report Under Authority Of The Order Of The Senate Of 12/10/2016. Report No. 114-424. on 12/20/2016
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US Congress 114th Congress
Government Settlement Transparency and Reform Act [S.413]
[Taxes ]
[Finance ]
[Law Enforcement ]
[Budget and Spending ]
Government Settlement Transparency and Reform Act Amends the Internal Revenue Code to expand provisions relating to the nondeductibility of fines and penalties to prohibit a tax deduction for any amount paid or incurred to any governmental entity relating to the violation of any law or the investigation or inquiry into a potential violation of law. Exempts from such prohibition: (1) restitution or amounts paid to come into compliance with any law that was violated or otherwise involved in the investigation or inquiry, (2) amounts paid pursuant to
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Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Finance. (sponsor Introductory Remarks On Measure: Cr S860) on 02/09/2015
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US Congress 114th Congress
STAGE Act Support Theaters in America Growth and Expansion Act [S.364]
[Arts and Culture ]
[Film Production ]
[Taxes ]
[Small Business ]
[Economic Development ]
STAGE Act Support Theaters in America Growth and Expansion Act Amends the Internal Revenue Code, with respect to the expensing of the costs of qualified film and television productions, to: (1) extend through 2016 provisions allowing such expensing, (2) allow such expensing for the costs of certain live theatrical productions, and (3) provide for the tax treatment of dispositions of an interest in a live theatrical production as a passive activity.
Sponsored by: Sen. Roy Blunt
Read Twice And Referred To The Committee On Finance. on 02/04/2015
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US Congress 114th Congress
Stop Subsidizing Childhood Obesity Act [S.2936]
[Food ]
[Taxes ]
[Children and Youth ]
[Public Health ]
[Education ]
Stop Subsidizing Childhood Obesity Act This bill amends the Internal Revenue Code to deny a tax deduction for: (1) advertising or marketing directed at children (age 14 or under) for food of poor nutritional quality or a brand primarily associated with food of poor nutritional quality; and (2) for related expenses, including for travel, goods or services constituting entertainment, amusement, or recreation, gifts, or other promotion expenses. The Department of the Treasury must enter into a contract with the National Academy of Medicine to develop
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Sponsored by: Sen. Richard Blumenthal
Read Twice And Referred To The Committee On Finance. on 05/17/2016
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US Congress 114th Congress
Steel Industry Preservation Act [S.2823]
[Taxes ]
[Energy ]
[Manufacturing ]
[Trade ]
[Small Business ]
[Economic Development ]
Steel Industry Preservation Act This bill amends the Internal Revenue Code to extend and modify the production tax credit for steel industry fuel. (Under current law, steel industry fuel is a fuel which is: (1) produced through a process of liquefying coal waste sludge and distributing it on coal, and (2) used as a feedstock for the manufacture of coke.) The bill modifies the tax credit for steel industry fuel to: extend the credit period and the placed-in-service date, revise the definition of "steel industry fuel" to allow blends of coal and petroleum
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Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Finance. on 04/20/2016
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US Congress 114th Congress
Protecting Americans from Drug Marketing Act [S.2623]
[Pharmaceuticals ]
[Healthcare ]
[Taxes ]
[Consumer Protection ]
[Media and Advertising ]
Protecting Americans from Drug Marketing Act This bill amends the Internal Revenue Code to deny a tax deduction for the cost of direct-to-consumer advertising of prescription drugs. The bill defines "direct-to-consumer advertising" as any dissemination by or on behalf of a sponsor of a prescription drug product of a prescription drug advertisement that is primarily targeted to the general public through: (1) publication in journals, magazines, other periodicals, and newspapers; (2) broadcasting through media such as radio, television, and telephone
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Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On Finance. on 03/03/2016
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US Congress 114th Congress
Small Business Tax Compliance Relief Act of 2015 [S.1827]
[Taxes ]
[Small Business ]
[Pensions ]
[Retirement ]
[Healthcare ]
[Budget and Spending ]
[Finance ]
Small Business Tax Compliance Relief Act of 2015 This bill amends provisions of the the Internal Revenue Code relating to the taxation of small businesses to: allow small business entities with gross receipts not exceeding $10 million (currently, $5 million) to use the cash method of accounting and an exemption from the requirement to use inventories; eliminate restrictions on the depreciation of computers or peripheral equipment; extend the tax deduction for the health insurance costs of self-employed individuals; allow small business entities
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Sponsored by: Sen. David Vitter
Read Twice And Referred To The Committee On Finance. on 07/22/2015
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US Congress 114th Congress
A bill to amend the Internal Revenue Code to provide a refundable credit for costs associated with Information Sharing and Analysis Organizations. [S.1023]
[Cybersecurity ]
[Taxes ]
[Technology and Innovation ]
[Small Business ]
A bill to amend the Internal Revenue Code to provide a refundable credit for costs associated with Information Sharing and Analysis Organizations. Amends the Internal Revenue Code to allow a refundable tax credit for qualified cybersecurity information sharing organization costs (defined as the sum of dues for membership in the organization, personnel participation costs, product and service costs directly related to the sharing of information with the oganization, and other amounts [not including amounts for travel] relating to participation in
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Sponsored by: Sen. Kirsten Gillibrand
Read Twice And Referred To The Committee On Finance. on 04/21/2015
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US Congress 114th Congress
American Research and Competitiveness Act of 2015 [HB-880]
[Taxes ]
[Small Business ]
[Technology and Innovation ]
[Energy ]
[Budget and Spending ]
[Science ]
[Economic Development ]
American Research and Competitiveness Act of 2015 (Sec. 2) This bill revises and makes permanent after 2014 the research tax credit. The rate of such credit is modified to equal the sum of 20% of so much of the qualified research expenses for the taxable year as exceeds 50% of the average qualified research expenses for the three preceding taxable years, 20% of so much of the basic research payments for the taxable year as exceeds 50% of the average basic research payments for the three preceding taxable years, plus 20% of amounts paid by a business
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Sponsored by: Rep. Alexander Mooney
Received In The Senate. on 05/21/2015
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US Congress 114th Congress
Infrastructure 2.0 Act [HB-625]
[Infrastructure ]
[Taxes ]
[Transportation and Motor Vehicles ]
[Budget and Spending ]
[Construction ]
[Economic Development ]
[Funding ]
Infrastructure 2.0 Act Amends the Internal Revenue Code, with respect to the taxation of earnings and profits of a deferred foreign income corporation, to: (1) make such earnings and profit subject to taxation in the last taxable year that ends before the enactment of this Act; (2) reduce the rate of tax on such earnings and profits by allowing an exemption of 75% (equal to a tax of 8.75% of repatriated earnings and profits); and (3) allow such corporations to elect to pay such tax in eight installments. Establishes the American Infrastructure Fund
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Sponsored by: Rep. James Langevin
Referred To The Subcommittee On Highways And Transit. on 02/02/2015
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US Congress 114th Congress
Mandated Expenses Tax Relief Act [HB-5818]
[Taxes ]
Mandated Expenses Tax Relief Act
Sponsored by: Rep. Rod Blum
Introduced In House on 07/14/2016
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US Congress 114th Congress
SAVE UP Act Secure, Accessible, Valuable, Efficient Universal Pension Accounts Act [HB-5731]
[Finance ]
[Pensions ]
[Retirement ]
SAVE UP Act Secure, Accessible, Valuable, Efficient Universal Pension Accounts Act
Sponsored by: Rep. Joseph Crowley
Introduced In House on 07/12/2016