Income Tax Credits
US Congress 115th Congress
To amend the Internal Revenue Code of 1986 to provide a refundable credit against tax for landlords of veterans receiving rental assistance under the Veterans Affairs Supported Housing program. [HB-734]
[Taxes ]
[Veterans ]
[Housing ]
[Budget and Spending ]
To amend the Internal Revenue Code of 1986 to provide a refundable credit against tax for landlords of veterans receiving rental assistance under the Veterans Affairs Supported Housing program. This bill amends the Internal Revenue Code to allow a refundable tax credit for the owner of a dwelling unit that is occupied by a veteran on whose behalf rental assistance is provided by the Veterans Affairs Supported Housing program under the United States Housing Act of 1937. The credit is equal to 10% of the amount of rental assistance received by the
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Sponsored by: Rep. Julia Brownley
Introduced In House on 01/30/2017
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Bring Jobs Home Act [S.247]
[Labor, Jobs, Employment ]
[Taxes ]
[Trade ]
[Small Business ]
[Economic Development ]
[Manufacturing ]
Bring Jobs Home Act This bill amends the Internal Revenue Code to: (1) grant business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and relocating it within the United States, and (2) deny a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. The bill requires an increase in the taxpayer's employment of full-time employees in the United States in order to claim the tax credit for insourcing expenses.
Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Finance. on 01/30/2017
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US Congress 115th Congress
A resolution designating January 27, 2017, as "Earned Income Tax Credit Awareness Day". [SR-28]
[Taxes ]
[Nonprofit ]
[Poverty ]
[Human Services ]
A resolution designating January 27, 2017, as "Earned Income Tax Credit Awareness Day". Designates January 27, 2017, as Earned Income Tax Credit Awareness Day. Calls on federal, state, and local agencies; community organizations; nonprofit organizations; employers; and other partners to help increase awareness about the earned income tax credit and other refundable tax credits to ensure that all eligible workers have access to the full benefits of the credits.
Sponsored by: Sen. Jack Reed
Referred To The Committee On The Judiciary. on 01/30/2017
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US Congress 115th Congress
BRACE Act Building Rail Access for Customers and the Economy Act [HB-721]
[Taxes ]
[Transportation and Motor Vehicles ]
[Infrastructure ]
[Economic Development ]
BRACE Act 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: Rep. Alexander Mooney
Introduced In House on 01/30/2017
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US Congress 115th Congress
Capitalizing on American Methane Act of 2017 [S.230]
[Energy ]
[Taxes ]
[Technology and Innovation ]
[Manufacturing ]
[Air Quality ]
[Climate Change ]
Capitalizing on American Methane Act of 2017 This bill amends the Internal Revenue Code to: (1) include in the tax credit for investment in a qualifying gasification project any qualified methane conversion technology, and (2) allow an alternative fuel excise tax credit for liquid fuel produced through qualified methane conversion technology at a facility the construction of which begins before October 1, 2027. The bill defines "qualified methane conversion technology" as a process for the molecular conversion of a fuel consisting principally of
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Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Finance. on 01/24/2017
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US Congress 115th Congress
Obamacare Replacement Act [S.222]
[Healthcare ]
[Medicare and Medicaid ]
[Taxes ]
[Insurance ]
[Public Health ]
Obamacare Replacement Act This bill amends the Internal Revenue Code, the Public Health Service Act, the Employee Retirement Income Security Act of 1974 (ERISA), and the Social Security Act to repeal certain provisions regarding health insurance, including: the requirement for individuals to maintain minimum essential coverage, limitations on insurers varying premiums by age or health status, requirements for health insurance to cover preexisting conditions and the essential health benefits, and the prohibition on lifetime or annual limits on benefits.
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Sponsored by: Sen. Rand Paul
Read Twice And Referred To The Committee On Finance. on 01/24/2017
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US Congress 115th Congress
End Outsourcing Act [S.234]
[Labor, Jobs, Employment ]
[Taxes ]
[Trade ]
[Small Business ]
[Manufacturing ]
[Economic Development ]
[Budget and Spending ]
End Outsourcing Act This bill modifies provisions of tax, labor, and federal contracting laws related to the outsourcing of jobs. The bill amends the Worker Adjustment and Retraining Notification Act to require employers to include an outsourcing statement in the notice that must be provided to employees, state dislocated worker units, and local governments prior to plant closings and mass layoffs. The statement must specify whether part or all of the positions held by affected employees will be moved outside of the United States, regardless of
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Sponsored by: Sen. Kirsten Gillibrand
Read Twice And Referred To The Committee On Finance. on 01/24/2017
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US Congress 115th Congress
Protection of Military Airfields from Wind Turbine Encroachment Act [HB-649]
[Defense ]
[Energy ]
[Taxes ]
[Military ]
[National Security ]
[Aerospace ]
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 enactment of this bill and are located within a 50-mile radius of: (1) an airfield or airbase that is under the jurisdiction of a military department
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Sponsored by: Rep. Steve Russell
Introduced In House on 01/24/2017
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US Congress 115th Congress
Government By the People Act of 2017 [HB-20]
[Elections ]
[Finance ]
[Taxes ]
[Media and Advertising ]
[Technology and Innovation ]
[Funding ]
[Ethics ]
Government By the People Act of 2017 This bill amends the Internal Revenue Code and the Federal Election Campaign Act of 1971 (FECA) to establish a program for small individual donations to campaigns for public office and make other changes to campaign finance law. The bill amends the Internal Revenue Code to allow: (1) individual taxpayers a refundable tax credit of 50% of qualified congressional House campaign contributions (i.e., cash contributions by an individual to a candidate for the House of Representatives or a political committee established
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Sponsored by: Rep. Sean Maloney
Introduced In House on 01/24/2017
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US Congress 115th Congress
Bring Jobs Home Act [HB-685]
[Labor, Jobs, Employment ]
[Taxes ]
[Trade ]
[Small Business ]
[Economic Development ]
[Manufacturing ]
Bring Jobs Home Act This bill amends the Internal Revenue Code to: (1) grant business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and relocating it within the United States, and (2) deny a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. The bill requires an increase in the taxpayer's employment of full-time employees in the United States in order to claim the tax credit for insourcing expenses.
Sponsored by: Rep. Barbara Lee
Introduced In House on 01/24/2017
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US Congress 115th Congress
PACE Act Promoting Affordable Childcare for Everyone Act [S.208]
[Taxes ]
[Family-Related Legislation ]
[Children and Youth ]
[Inflation ]
PACE Act Promoting Affordable Childcare for Everyone Act This bill amends the Internal Revenue Code, with respect to the tax credit for expenses for household and dependent care services necessary for gainful employment (known as the Child and Dependent Care Tax Credit), to: (1) make the credit refundable, (2) increase the rate for the credit, and (3) require the dollar amounts for such credit to be adjusted for inflation after 2017. The bill also increases the amount of employer-provided dependent care assistance which may be excluded from the
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Sponsored by: Sen. Susan Collins
Read Twice And Referred To The Committee On Finance. on 01/24/2017
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US Congress 115th Congress
Protection of Military Airfields from Wind Turbine Encroachment Act [S.201]
[Defense ]
[Energy ]
[Taxes ]
[Military ]
[National Security ]
[Aerospace ]
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 enactment of this bill and are located within a 30-mile radius of: (1) an airfield or airbase that is under the jurisdiction of a military department
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Sponsored by: Sen. John Cornyn
Read Twice And Referred To The Committee On Finance. (text Of Measure As Introduced: Cr S447) on 01/24/2017
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US Congress 115th Congress
Patient Freedom Act of 2017 [S.191]
[Healthcare ]
[Medicare and Medicaid ]
[Taxes ]
[Insurance ]
[Public Health ]
Patient Freedom Act of 2017 This bill provides states with three options regarding title I (provisions on health insurance reform, exchanges, and subsidies) of the Patient Protection and Affordable Care Act (PPACA): (1) continue implementing PPACA, with a limit on total premium and cost sharing subsidies provided in the state; (2) waive the requirements of title I of PPACA, with specified exceptions; or (3) the second option plus implementation of a Roth health savings account (HSA) deposit system. Only residents of states continuing to implement
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Sponsored by: Sen. Susan Collins
Read Twice And Referred To The Committee On Finance. (sponsor Introductory Remarks On Measure: Cr S400-402) on 01/23/2017
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US Congress 115th Congress
Student Loan Repayment Act of 2017 [HB-615]
[Student Loans ]
[Taxes ]
[Labor, Jobs, Employment ]
[Small Business ]
[Education ]
Student Loan Repayment Act of 2017 This bill amends the Internal Revenue Code to allow a work opportunity tax credit for employers who hire a qualified student loan repayer. A "qualified student loan repayer" is any individual who is certified by the designated local agency as: (1) having at least an associate's degree, and (2) having outstanding education loans of at least $10,000. The bill also allows a business tax credit equal to 50% of the student loan program startup costs paid by employers during the year, subject to a limit of $500 per employee
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Sponsored by: Rep. Dennis Ross
Introduced In House on 01/23/2017
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US Congress 115th Congress
No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2017 [S.184]
[Reproductive Rights / Abortion ]
[Healthcare ]
[Insurance ]
[Taxes ]
[Medicare and Medicaid ]
[Budget and Spending ]
No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2017 This bill makes permanent the prohibition on the use of federal funds, including funds in the budget of the District of Columbia, for abortion or health coverage that includes abortion. The prohibitions in this bill, and current prohibitions, do not apply to abortions in cases of rape or incest, or where a physical condition endangers a woman's life unless an abortion is performed. Abortions may not be provided in a federal health care facility or by a federal employee.
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Sponsored by: Sen. Chuck Grassley
Read Twice And Referred To The Committee On Finance. on 01/20/2017
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US Congress 115th Congress
Educational Opportunities Act [S.148]
[Education ]
[Taxes ]
[Funding ]
[Budget and Spending ]
[Children and Youth ]
Educational Opportunities Act This bill amends the Internal Revenue Code to allow individual taxpayers a tax credit for charitable contributions to a scholarship granting organization. The bill allows a maximum credit amount of $4,500 ($2,250 for a married individual filing a separate return). A "scholarship granting organization" is a tax-exempt entity whose exclusive purpose is to provide scholarships for the tuition and other education expenses of elementary and secondary school students from low income households (i.e., household income not
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Sponsored by: Sen. Marco Rubio
Read Twice And Referred To The Committee On Finance. on 01/17/2017
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US Congress 115th Congress
No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2017 [HB-7]
[Reproductive Rights / Abortion ]
[Healthcare ]
[Insurance ]
[Taxes ]
[Public Health ]
No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2017 TITLE I--PROHIBITING FEDERALLY FUNDED ABORTIONS (Sec. 101) This bill makes permanent the prohibition on the use of federal funds, including funds in the budget of the District of Columbia, for abortion or health coverage that includes abortion. The prohibitions in this bill, and current prohibitions, do not apply to abortions in cases of rape or incest, or where a physical condition endangers a woman's life unless an abortion is performed. Abortions may not be provided
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Sponsored by: Rep. Alexander Mooney
Received In The Senate And Read Twice And Referred To The Committee On Finance. on 01/30/2017
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US Congress 115th Congress
Cuba Reconciliation Act [HB-574]
[International ]
[Telecommunications ]
[Taxes ]
[Trade ]
Cuba Reconciliation Act This bill amends: (1) the Foreign Assistance Act of 1961 to repeal the embargo placed upon all trade with Cuba, and (2)the Internal Revenue Code to declare the denial of foreign tax credit inapplicable to Cuba. The bill permits: (1) installation and maintenance of telecommunications equipment and facilities in Cuba, including telecommunications services between the United States and Cuba; and (2) travel to and from Cuba by U.S. citizens or residents. The U.S. Postal Service shall provide direct mail service to and from Cuba.
Sponsored by: Rep. Steve Cohen
Referred To The Subcommittee On Immigration And Border Security. on 02/08/2017
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US Congress 115th Congress
529 and ABLE Account Improvement Act of 2017 [HB-529]
[Taxes ]
[Education ]
[Disabilities ]
[Small Business ]
[Student Loans ]
[Children and Youth ]
529 and ABLE Account Improvement Act of 2017 This bill amends the Internal Revenue Code to modify the tax treatment of qualified tuition programs (known as 529 plans) and ABLE accounts. (Tax-favored ABLE [Achieving a Better Life Experience] accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses.) The bill excludes from gross income a fringe benefit consisting of up to $100 per year (adjusted for inflation after 2017) of employer contributions to an employee's 529 or ABLE account. The employer
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Sponsored by: Rep. Robert Wittman
Introduced In House on 01/13/2017
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US Congress 115th Congress
Promise Zone Job Creation Act of 2017 [S.144]
[Labor, Jobs, Employment ]
[Community Development ]
[Poverty ]
[Taxes ]
[Small Business ]
[Agriculture ]
[Economic Development ]
[Funding ]
[Grants ]
[Housing ]
Promise Zone Job Creation Act of 2017 This bill amends the Internal Revenue Code to direct the Departments of Housing and Urban Development and Agriculture, acting jointly, to designate, before January 1, 2019, not more than 40 areas as Promise Zones for purposes of priority consideration in federal grant programs and initiatives. Twelve of such areas shall be outside of a metropolitan statistical area or shall be determined to be rural areas. A "Promise Zone" is any area with a continuous boundary and a population of not more than 200,000 that
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Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Finance. on 01/12/2017