S Corporation Modernization Act of 2013 [HB-892]
[Taxes ]
[Small Business ]
[Retirement ]
S Corporation Modernization Act of 2013 - Amends the Internal Revenue Code to revise the tax treatment of S corporations by: (1) permanently reducing from 10 to 5 years the period during which S corporation built-in gains are subject to tax; (2) repealing mandatory termination of S corporation elections for excessive passive investment income; (3) allowing S corporations to increase passive investment income from 25 to 60% without incurring additional tax; (4) allowing nonresident aliens to be potential current beneficiaries of an electing small
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HB-892: S Corporation Modernization Act of 2013
Sponsored by: Rep. David Loebsack
Referred To The House Committee On Ways And Means. on 02/28/2013
Volunteer Emergency Responders Tax Deduction Act [HB-5811]
[Taxes ]
[Public Safety ]
[Veterans ]
[Healthcare ]
[Law Enforcement ]
[Budget and Spending ]
[Funding ]
Volunteer Emergency Responders Tax Deduction Act - Amends the Internal Revenue Code to treat firefighting and prevention services, emergency medical services, ambulance services, civil air patrol, and emergency rescue services rendered by a bona fide volunteer as a charitable contribution to the organization for which such services are rendered for purposes of the tax deduction for charitable contributions. Limits to 300 the amount of hours of services which a volunteer may render to an organization in a taxable year.
Supporting America's Charities Act [HB-5806]
[Taxes ]
[Food ]
[Nonprofit ]
Supporting America's Charities Act - Amends the Internal Revenue Code to make permanent: (1) the tax deduction for charitable contributions by individuals and corporations of real property interests for conservation purposes, and (2) tax-free distributions from individual retirement accounts (IRAs) for charitable purposes. Allows a tax deduction for charitable contributions for conservation purposes of property conveyed under the Alaska Native Claims Settlement Act by an Alaska Native Corporation. Modifies the tax deduction for charitiable contributions
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HB-5806: Supporting America's Charities Act
Sponsored by: Rep. Mike Kelly
Considered As Unfinished Business. (consideration: Cr H9075) on 12/11/2014
Tax Increase Prevention Act of 2014 [HB-5771]
[Taxes ]
[Budget and Spending ]
[Small Business ]
[Energy ]
[Pensions ]
[Healthcare ]
[Medicare and Medicaid ]
[Disabilities ]
[Social Security ]
[Transportation and Motor Vehicles ]
[Funding ]
(Although this measure has not been amended since it was passed by the House, the text was changed by H. Con. Res. 124, which made enrollment corrections, and the summary has been modified as necessary.) Division A: Tax Increase Prevention Act of 2014 - Tax Increase Prevention Act of 2014 - Title I: Certain Expiring Provisions - Subtitle A: Individual Tax Extenders - (Sec. 101) Extends through 2014: the tax deduction of expenses of elementary and secondary school teachers; the tax exclusion of imputed income from the discharge of indebtedness
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HB-5771: Tax Increase Prevention Act of 2014
Sponsored by: Rep. Dave Camp
Became Public Law No: 113-295. on 12/19/2014
To amend the Federal Election Campaign Act of 1971 to provide for a limitation on the time for the use of contributions or donations, and for other purposes. [HB-5660]
[Elections ]
Amends the Federal Election Campaign Act of 1971 to allow the use of contributions or donations only for the six years following the most recent federal election for a six-year office (e.g. the Senate) in which an individual was a candidate for the office if that individual is not a candidate for that office during those ensuing six years. Requires contributions or donations remaining available to to such an individual after such six-year period ends to be disposed of within 30 days, as follows: (1) to pay any debts or obligations owed in connection
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HB-5660: To amend the Federal Election Campaign Act of 1971 to provide for a limitation on the time for the use of contributions or donations, and for other purposes.
Sponsored by: Rep. Mark Takano
Referred To The House Committee On House Administration. on 09/18/2014
You have voted HB-5660: To amend the Federal Election Campaign Act of 1971 to provide for a limitation on the time for the use of contributions or donations, and for other purposes..
American Renaissance in Manufacturing Act [HB-5360]
[Manufacturing ]
[Finance ]
[Energy ]
[Environmental ]
[Taxes ]
[Trade ]
[Budget and Spending ]
[Law Enforcement ]
[Mining ]
[Construction ]
[Technology and Innovation ]
[Small Business ]
[Labor, Jobs, Employment ]
[Air Quality ]
American Renaissance in Manufacturing Act - Title I: Creating a More Competitive Tax Code - Amends the Internal Revenue Code to reduce to 25% of taxable income the income tax rate for corporations (currently, the maximum rate is 35%). Makes permanent: (1) the reduction in the recognition period for the built-in gains of S corporations, (2) the basis adjustments to the stock of S corporations making charitable contributions of appreciated property, (3) the expensing allowance for depreciable business assets, (4) the research tax credit, and (5) the
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HB-5360: American Renaissance in Manufacturing Act
Sponsored by: Rep. David Roe
Referred To The Subcommittee On Energy And Mineral Resources. on 09/15/2014
National Disaster Tax Relief Act of 2014 [HB-5082]
[Taxes ]
[Disaster Relief ]
[Housing ]
[Budget and Spending ]
[Funding ]
National Disaster Tax Relief Act of 2014 - Amends the Internal Revenue Code to provide tax relief for disasters declared in 2012, 2013, and 2014 by: extending through 2014 the election to expense qualified disaster expenses (i.e., for removal of debris, demolition, and repair of business-related property); increasing the tax deduction for charitable contributions for disaster relief for individual and corporate taxpayers; allowing through 2014 the deduction of losses attributable to disasters; allowing waivers of requirements relating to mortgage
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HB-5082: National Disaster Tax Relief Act of 2014
Sponsored by: Rep. Nita Lowey
Referred To The House Committee On Ways And Means. on 07/11/2014
CARS Act of 2014 [HB-4960]
[Taxes ]
[Transportation and Motor Vehicles ]
[Consumer Protection ]
Charitable Automobile Red-Tape Simplification Act of 2014 or the CARS Act of 2014 - Amends the Internal Revenue Code, with respect to the tax deduction for charitable contributions, to modify the substantiation rules for donations of qualified vehicles (i.e., motor vehicles manufactured primarily for use on public streets, roads, and highways and boats or airplanes) to require: (1) a statement with respect to such qualified vehicles and a good faith estimate of their value at the time of donation; and (2) a contemporaneous written acknowledgement
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HB-4960: CARS Act of 2014
Sponsored by: Rep. Raul Grijalva
Referred To The House Committee On Ways And Means. on 06/25/2014
Department of Defense Appropriations Act, 2015 [HB-4870]
[Defense ]
[Military ]
[National Security ]
[Budget and Spending ]
[International ]
[Trade ]
[Human Rights ]
[Cybersecurity ]
[Technology and Innovation ]
[Aerospace ]
[Healthcare ]
[Construction ]
[Energy ]
[Transportation and Motor Vehicles ]
[Law Enforcement ]
[Veterans ]
[Science ]
[Manufacturing ]
[Public Health ]
[Economic Development ]
[Funding ]
[Grants ]
[Elections ]
[Ethics ]
[Data Privacy ]
[Crime ]
Highlights: The Department of Defense Appropriations Act, 2015 provides regular annual appropriations for the military functions of the Department of Defense (DOD), including the pay, allowances, and support of military personnel; operation and maintenance of the forces; procurement of equipment and systems; and research, development, test and evaluation. The bill also includes funding for overseas contingency operations (OCO) to support the Global War on Terrorism. The bill increases funding above FY2014 levels for operation and maintenance.
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HB-4870: Department of Defense Appropriations Act, 2015
Sponsored by: Rep. Rodney Frelinghuysen
Committee On Appropriations. Ordered To Be Reported With An Amendment In The Nature Of A Substitute Favorably. on 07/17/2014
America Gives More Act of 2014 [HB-4719]
[Taxes ]
[Food ]
[Real Estate ]
[Nonprofit ]
[Budget and Spending ]
America Gives More Act of 2014 - Amends the Internal Revenue Code to: (1) make permanent the enhanced tax deduction for charitable contributions of food inventory; (2) increase from 10% to 15% of the aggregate net income of taxpayers other than C corporations the amount of deductible food inventory contributions which such taxpayers may make in any taxable year (for a C corporation, 15% of its taxable income); (3) permit a taxpayer who is not required to account for inventories or capitalize indirect costs, to elect, solely for purposes of computing
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HB-4719: America Gives More Act of 2014
Sponsored by: Rep. Steve Stivers
Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 477. on 07/23/2014
Permanent IRA Charitable Contribution Act of 2014 [HB-4619]
[Taxes ]
[Nonprofit ]
[Senior Citizens ]
[Retirement ]
Permanent IRA Charitable Contribution Act of 2014 - Amends the Internal Revenue Code to make permanent the exclusion from gross income of distributions from individual retirement accounts (IRAs) for charitable purposes.
HB-4619: Permanent IRA Charitable Contribution Act of 2014
Sponsored by: Rep. Earl Blumenauer
Reported (amended) By The Committee On Ways And Means. H. Rept. 113-496. on 06/26/2014
To amend the Internal Revenue Code of 1986 to provide tax relief for damages relating to federally declared disasters during September 2013, and for other purposes. [HB-4497]
[Taxes ]
[Disaster Relief ]
[Budget and Spending ]
[Funding ]
Amends the Internal Revenue Code, with respect to tax relief for federally-declared disasters, to: (1) allow the expensing of qualified disaster expenses (i.e., for removal of debris, demolition, and repair of business-related property) for a disaster occurring during September 2013; (2) allow individual taxpayers an increased tax deduction for charitable contributions made for relief efforts related to a federally-declared disaster which occurs after August 31, 2013, if such contributions are made by December 31, 2014; and (3) allow corporations
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HB-4497: To amend the Internal Revenue Code of 1986 to provide tax relief for damages relating to federally declared disasters during September 2013, and for other purposes.
Sponsored by: Sen. Cory Gardner
Referred To The House Committee On Ways And Means. on 04/28/2014
You have voted HB-4497: To amend the Internal Revenue Code of 1986 to provide tax relief for damages relating to federally declared disasters during September 2013, and for other purposes..
Permanent S Corporation Charitable Contributions Act of 2014 [HB-4454]
[Taxes ]
[Nonprofit ]
Permanent S Corporation Charitable Contributions Act of 2014 - Amends the Internal Revenue Code to make permanent the tax rule requiring an adjustment to the basis of a shareholder's stock in an S corporation that makes tax deductible charitable contributions of appreciated property in taxable years beginning after 2013.
HB-4454: Permanent S Corporation Charitable Contributions Act of 2014
Sponsored by: Rep. David Reichert
Reported (amended) By The Committee On Ways And Means. H. Rept. 113-430. on 05/02/2014
Children's Hope Act of 2013 [HB-422]
[Education ]
[Taxes ]
[Children and Youth ]
[Funding ]
[Grants ]
Children's Hope Act of 2013 - Amends the Internal Revenue Code to allow a tax credit of up to $100 ($200 for joint returns) for charitable contributions to an education investment organization that disburses 90% of its contributions to provide grants to students for elementary and secondary education expenses, if at least 50% of such disbursements go to students who qualify for free or reduced-cost school lunches. Requires a taxpayer claiming such credit, as a condition of eligibility to receive it, to first claim a state qualified scholarship tax
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HB-422: Children's Hope Act of 2013
Sponsored by: Rep. Steve King
Referred To The House Committee On Ways And Means. on 01/25/2013
You have voted HB-3949: To amend the Internal Revenue Code of 1986 to extend for one year the enhanced charitable deduction for contributions of food inventory..
HB-3944: To amend the Internal Revenue Code of 1986 to extend for one year tax-free distributions from individual retirement plans for charitable purposes.
Sponsored by: Rep. Alan Grayson
Referred To The House Committee On Ways And Means. on 01/28/2014
You have voted HB-3944: To amend the Internal Revenue Code of 1986 to extend for one year tax-free distributions from individual retirement plans for charitable purposes..
Philippines Charitable Giving Assistance Act [HB-3771]
[Taxes ]
[Disaster Relief ]
[Funding ]
[Grants ]
[International ]
Philippines Charitable Giving Assistance Act - Treats cash contributions made after the enactment of this Act and before April 15, 2014, for the relief of victims in areas affected by Typhoon Haiyan as having been made on December 31, 2013, for purposes of the tax deduction for charitable contributions. Deems such a contribution as meeting the recordkeeping requirements of the Internal Revenue Code if the taxpayer produces a telephone bill showing the name of the donee organization and the date and amount of the contribution.
Sponsored by: Rep. Raul Grijalva
Received In The Senate, Read Twice, Considered, Read The Third Time, And Passed, Pursuant To The Order Of March 6, 2014, Without Amendment By Unanimous Consent. (consideration: Cr S1706) on 03/25/2014
Wild Game Donation Act of 2013 [HB-3728]
[Agriculture ]
[Food ]
[Taxes ]
[Animals ]
Wild Game Donation Act of 2013 - Amends the Internal Revenue Code to: (1) increase the tax deduction for charitable contributions of qualified wild game meat by the processing fees paid with respect to such contributions, and (2) exclude from the gross income of meat processors processing fees paid by a charitable organization for the processing of donated wild game meat. Defines "qualified wild game meat" as the meat of any animal typically used for human consumption but only if: (1) such animal is killed in the wild by the individual making the
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HB-3728: Wild Game Donation Act of 2013
Sponsored by: Rep. Ted Poe
Referred To The House Committee On Ways And Means. on 12/12/2013