Income Tax Credits
US Congress 115th Congress
Exchange Inclusion for a Healthy America Act of 2017 [HB-1435]
[Healthcare ]
[Immigration ]
[Taxes ]
[Medicare and Medicaid ]
[Public Health ]
Exchange Inclusion for a Healthy America Act of 2017 This bill allows undocumented aliens to obtain health care coverage by amending: (1) the Internal Revenue Code to eliminate the restriction of the tax credit for health care insurance premium assistance to persons lawfully present in the United States; and (2) the Patient Protection and Affordable Care Act (PPACA) to eliminate restrictions of benefits under such Act, including cost-sharing reduction, pre-existing condition coverage, and minimum essential health care coverage, to persons lawfully
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Sponsored by: Rep. Raul Grijalva
Referred To The Subcommittee On Health. on 03/10/2017
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A bill to provide for reconciliation pursuant to section 2002 of the concurrent resolution on the budget for fiscal year 2017. [S.554]
[Healthcare ]
[Medicare and Medicaid ]
[Taxes ]
[Budget and Spending ]
[Funding ]
[Public Health ]
[Mental Health ]
[Social Security ]
A bill to provide for reconciliation pursuant to section 2002 of the concurrent resolution on the budget for fiscal year 2017. This bill amends the Patient Protection and Affordable Care Act (PPACA) to terminate the Prevention and Public Health Fund. The bill increases funding for community health centers. The Department of Health and Human Services may not make payments under the transitional reinsurance program. The bill makes appropriations for grants to states to address substance abuse or urgent mental health needs. This bill amends the Internal
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Sponsored by: Sen. Mike Lee
Read Twice And Referred To The Committee On Finance. on 03/07/2017
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FRAME Act of 2017 Farm Risk Abatement and Mitigation Election Act of 2017 [HB-1400]
[Agriculture ]
[Taxes ]
[Small Business ]
FRAME Act of 2017 Farm Risk Abatement and Mitigation Election Act of 2017 This bill amends the Internal Revenue Code to: (1) establish tax-exempt farm risk management accounts (FRAME accounts) and allow taxpayers actively engaged in the business of farming or ranching to use distributions from such accounts to protect the solvency of the farm to which the FRAME account relates and to procure revenue or crop insurance; (2) allow a deduction from gross income for cash contributions to such accounts; (3) specify minimum levels of contributions to,
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Sponsored by: Rep. Ralph Abraham
Introduced In House on 03/07/2017
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Affordable Housing Credit Improvement Act of 2017 [S.548]
[Housing ]
[Taxes ]
[Real Estate ]
[Community Development ]
[Native American Affairs ]
[Construction ]
[Funding ]
[Grants ]
Affordable Housing Credit Improvement Act of 2017 This bill amends the Internal Revenue Code, with respect to the low-income housing credit, to rename the credit "the affordable housing credit" and make several modifications to the credit. The bill increases state allocations for the credit and modifies the cost-of-living adjustments. It also revises tenant eligibility requirements, with respect to: the average income test, income eligibility for rural projects, increased tenant income, student occupancy rules, and tenant voucher payments that are
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Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Finance. on 03/07/2017
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World's Greatest Healthcare Plan of 2017 [HB-1275]
[Healthcare ]
[Medicare and Medicaid ]
[Taxes ]
[Budget and Spending ]
[Insurance ]
[Public Health ]
[Social Security ]
World's Greatest Healthcare Plan of 2017 This bill amends the Internal Revenue Code to repeal the requirements for individuals to maintain minimum essential coverage and for large employers to offer affordable coverage to full time employees. Health insurance is no longer required to cover preventive care at no cost or include the essential health benefits. Individuals enrolling in health insurance who have not maintained continuous coverage over the previous 12 months are charged an extra 20% on premiums for each consecutive year without coverage,
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Sponsored by: Sen. Kevin Cramer
Referred To The Subcommittee On Health. on 03/03/2017
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Child and Dependent Care Tax Credit Enhancement Act of 2017 [S.470]
[Taxes ]
[Family-Related Legislation ]
[Children and Youth ]
Child and Dependent Care Tax Credit Enhancement Act of 2017 This bill amends the Internal Revenue Code, with respect to the tax credit for employment-related expenses incurred for the care of a taxpayer's dependent, to: (1) increase to $120,000, the adjusted gross income threshold level above which such credit is incrementally reduced; (2) increase the dollar limit on the allowable amount of such credit; (3) allow an inflation adjustment to the adjusted gross income threshold and the maximum credit amounts, beginning after 2018; and (4) make such
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Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Finance. on 02/28/2017
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Domestic Research Enhancement Act of 2017 [HB-1234]
[Taxes ]
[Science ]
[Funding ]
[Grants ]
Domestic Research Enhancement Act of 2017 This bill amends the Internal Revenue Code to allow a research tax credit for 35% of in-house research expenses (contracted research expenses), including any research funded by any grant or contract or by another person or governmental entity.
Sponsored by: Rep. Patrick Meehan
Introduced In House on 02/27/2017
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Historic Tax Credit Improvement Act of 2017 [S.425]
[Taxes ]
[Real Estate ]
[Construction ]
[Small Business ]
[Economic Development ]
Historic Tax Credit Improvement Act of 2017 This bill amends the Internal Revenue Code, with respect to the tax credit for the rehabilitation of buildings and historic structures, to: (1) allow an increased 30% credit, up to $750,000, for projects with rehabilitation expenditures not exceeding $3.75 million, for which no credit was allowed in either of the two immediately preceding taxable years (small projects); (2) allow the transfer of tax credit amounts for small projects; (3) treat a building as substantially rehabilitated if rehabilitation
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Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Finance. on 02/16/2017
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Housing for Homeless Students Act of 2017 [S.434]
[Housing ]
[Veterans ]
[Taxes ]
[Children and Youth ]
[Education ]
[Funding ]
[Grants ]
[Poverty ]
[Community Development ]
[Human Services ]
Housing for Homeless Students Act of 2017 This bill amends the Internal Revenue Code, with respect to the low-income housing tax credit, to qualify low-income building units that provide housing for homeless children, youth, or veterans who are full-time students for the credit. To qualify for the credit, the full-time student must have been a homeless child or youth during any portion of the seven-year period prior to occupying the housing unit or a homeless veteran during any portion of the five-year period prior to occupying the unit.
Sponsored by: Sen. Angus King
Read Twice And Referred To The Committee On Finance. on 02/16/2017
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Building Rail Access for Customers and the Economy Act [S.407]
[Transportation and Motor Vehicles ]
[Taxes ]
[Infrastructure ]
[Economic Development ]
Building Rail Access for Customers and the Economy Act This bill amends the Internal Revenue Code to make permanent the tax credit for railroad track maintenance.
Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Finance. on 02/16/2017
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Workforce Development Tax Credit Act of 2017 [HB-1190]
[Taxes ]
[Labor, Jobs, Employment ]
[Small Business ]
[Education ]
[Budget and Spending ]
[Economic Development ]
Workforce Development Tax Credit Act of 2017 This bill amends the Internal Revenue Code to allow a business-related tax credit for: (1) 50% of wages (up to $2,000) paid to an apprenticeship employee during an apprenticeship period, and (2) 40% of wages (up to $6,000) paid to such an employee during a post-apprenticeship period. The bill defines "apprenticeship employee" as any employee employed by an employer pursuant to an apprentice agreement registered with the Office of Apprenticeship of the Employment and Training Administration of the Department
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Sponsored by: Rep. Gregory Meeks
Introduced In House on 02/16/2017
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Inclusive Prosperity Act of 2017 [HB-1144]
[Taxes ]
[Finance ]
[Budget and Spending ]
[Small Business ]
[Investments ]
Inclusive Prosperity Act of 2017 This bill amends the Internal Revenue Code to: (1) impose an excise tax on the transfer of ownership in certain securities (covered transaction), including any share of stock in a corporation, any partnership or beneficial interest in a partnership or trust, any note, bond, debenture, or other evidence of indebtedness (excluding tax-exempt municipal bonds), or derivative financial instruments; (2) impose a penalty on taxpayers who fail to include a covered transaction on their tax return or information statement;
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 02/16/2017
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Housing for Homeless Students Act of 2017 [HB-1145]
[Housing ]
[Veterans ]
[Taxes ]
[Children and Youth ]
[Education ]
[Funding ]
[Grants ]
Housing for Homeless Students Act of 2017 This bill amends the Internal Revenue Code, with respect to the low-income housing tax credit, to qualify low-income building units that provide housing for homeless children, youth, or veterans who are full-time students for the credit. To qualify for the credit, the full-time student must have been a homeless child or youth during any portion of the seven-year period prior to occupying the housing unit or a homeless veteran during any portion of the five-year period prior to occupying the unit.
Sponsored by: Rep. Pramila Jayapal
Introduced In House on 02/16/2017
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Historic Tax Credit Improvement Act of 2017 [HB-1158]
[Taxes ]
[Real Estate ]
[Construction ]
[Small Business ]
Historic Tax Credit Improvement Act of 2017 This bill amends the Internal Revenue Code, with respect to the tax credit for the rehabilitation of buildings and historic structures, to: (1) allow an increased 30% credit, up to $750,000, for projects with rehabilitation expenditures not exceeding $3.75 million, for which no credit was allowed in either of the two prior taxable years (smaller projects); (2) allow the transfer of tax credit amounts for smaller projects; (3) treat a building as substantially rehabilitated if rehabilitation expenditures
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Sponsored by: Rep. Ted Poe
Introduced In House on 02/16/2017
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New Markets Tax Credit Extension Act of 2017 [S.384]
[Taxes ]
[Economic Development ]
[Finance ]
[Small Business ]
New Markets Tax Credit Extension Act of 2017 This bill amends the Internal Revenue Code to: (1) make permanent the new markets tax credit, (2) provide for an inflation adjustment to the limitation amount for such credit after 2016, and (3) allow an offset against the alternative minimum tax for such credit (determined with respect to qualified equity investments initially made after 2016).
Sponsored by: Sen. Susan Collins
Read Twice And Referred To The Committee On Finance. on 02/15/2017
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LEAP Act Leveraging and Energizing America's Apprenticeship Programs Act [S.393]
[Labor, Jobs, Employment ]
[Taxes ]
[Budget and Spending ]
[Small Business ]
[Education ]
LEAP Act Leveraging and Energizing America's Apprenticeship Programs Act This bill amends the Internal Revenue Code to allow employers a business-related tax credit of $1,500 for hiring an apprentice who has not attained age 25 at the close of the taxable year or $1,000 for an apprentice who has attained age 25. The bill allows such credit for no more than two taxable years with respect to any apprentice. An "apprentice" is an employee who is employed in an officially-recognized apprenticeable occupation pursuant to an apprentice agreement registered
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Sponsored by: Sen. Cory Booker
Read Twice And Referred To The Committee On Finance. on 02/15/2017
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Chief Manufacturing Officer Act [S.399]
[Manufacturing ]
[Labor, Jobs, Employment ]
[Economic Development ]
[Trade ]
[Technology and Innovation ]
[Small Business ]
Chief Manufacturing Officer Act This bill: (1) expresses the sense of Congress that a well-designed national manufacturing strategy would benefit the U.S. economy, and (2) directs the President to appoint a United States Chief Manufacturing Officer, which shall be a member of the National Economic Council. The Officer's duties shall include developing, by May 1, 2018, a national manufacturing strategy, which shall incorporate: (1) the national strategic plan for advanced manufacturing developed under the America COMPETES Reauthorization Act of 2010,
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Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Commerce, Science, And Transportation. on 02/15/2017
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Chief Manufacturing Officer Act [HB-1092]
[Manufacturing ]
[Labor, Jobs, Employment ]
[Economic Development ]
[Technology and Innovation ]
[Trade ]
[Small Business ]
Chief Manufacturing Officer Act This bill: (1) expresses the sense of Congress that a well-designed national manufacturing strategy would benefit the U.S. economy, and (2) directs the President to appoint a United States Chief Manufacturing Officer, which shall be a member of the National Economic Council. The Officer's duties shall include developing, by May 1, 2018, a national manufacturing strategy, which shall incorporate: (1) the national strategic plan for advanced manufacturing developed under the America COMPETES Reauthorization Act of 2010,
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Sponsored by: Rep. James McGovern
Referred To The Subcommittee On Digital Commerce And Consumer Protection. on 02/17/2017
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New Markets Tax Credit Extension Act of 2017 [HB-1098]
[Taxes ]
[Economic Development ]
[Finance ]
[Small Business ]
New Markets Tax Credit Extension Act of 2017 This bill amends the Internal Revenue Code to: (1) make permanent the new markets tax credit, (2) provide for an inflation adjustment to the limitation amount for such credit after 2016, and (3) allow an offset against the alternative minimum tax for such credit (determined with respect to qualified equity investments initially made after 2016).
Sponsored by: Rep. David Valadao
Assuming First Sponsorship - Mr. Reed Asked Unanimous Consent That He May Hereafter Be Considered As The First Sponsor Of H.r. 1098, A Bill Originally Introduced By Representative Tiberi, For The Purpose Of Adding Cosponsors And Requesting Reprintings Pursuant To Clause 7 Of Rule Xii. Agreed To Without Objection. on 01/30/2018
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Technologies for Energy Security Act of 2017 [HB-1090]
[Energy ]
[Taxes ]
[Technology and Innovation ]
[Budget and Spending ]
[Environmental ]
Technologies for Energy Security Act of 2017 This bill amends the Internal Revenue Code to extend and modify the tax credits for residential energy efficient property and investments in energy property. The bill modifies the tax credit for residential energy efficient property to extend through 2021 the credits for expenditures for fuel cell property, small wind energy property, and geothermal heat pump property. For each extended credit, the bill phases out the current credit rate of 30% of expenditures by reducing it to 26% or 22%, depending on
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Sponsored by: Rep. Alexander Mooney
Introduced In House on 02/15/2017