Income Tax Credits

Federal
US Congress 115th Congress

Military Spouse Job Continuity Act of 2017 [HB-488] [Taxes ] [Military ] [Labor, Jobs, Employment ] [Veterans ]
Military Spouse Job Continuity Act of 2017 This bill amends the Internal Revenue Code to allow the spouse of a member of the Armed Forces (military spouse) who moves with such member to another state under a permanent change of station order a tax credit for up to $500 of qualified relicensing costs incurred by such spouse. The bill defines "qualified relicensing costs" as costs for a state license or certification to engage in the profession that such military spouse engaged in while residing in the former state.

  

Sponsored by: Rep. Steve Russell Introduced In House on 01/12/2017

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Federal
US Congress 115th Congress

Community Economic Assistance Act of 2017 [S.142] [Taxes ] [Economic Development ] [Community Development ] [Labor, Jobs, Employment ] [Small Business ] [Budget and Spending ] [Funding ] [Grants ]
Community Economic Assistance Act of 2017 This bill amends the Internal Revenue Code to provide for the establishment of community economic assistance zones that are eligible for certain tax deductions and credits. A zone must be nominated by the governor of the state where it is located and designated by the Department of the Treasury. A nominated area must: have received a Worker Adjustment and Retraining Notification Act notice after December 31, 2014, and met other criteria related to loss of employment; have been (or will be) seriously impacted (continued...)

  

Sponsored by: Sen. Robert Casey Read Twice And Referred To The Committee On Finance. on 01/12/2017

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US Congress 115th Congress

Military Spouse Job Continuity Act of 2017 [S.143] [Military ] [Taxes ] [Labor, Jobs, Employment ] [Veterans ]
Military Spouse Job Continuity Act of 2017 This bill amends the Internal Revenue Code to allow the spouse of a member of the Armed Forces (military spouse) who moves with such member to another state under a permanent change of station order a tax credit for up to $500 of qualified relicensing costs incurred by such spouse. The bill defines "qualified relicensing costs" as costs for a state license or certification to engage in the profession that such military spouse engaged in while residing in the former state.

  

Sponsored by: Sen. Robert Casey Read Twice And Referred To The Committee On Finance. on 01/12/2017

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US Congress 115th Congress

Small Business Tax Credit Accessibility Act [HB-432] [Healthcare ] [Small Business ] [Taxes ] [Insurance ] [Labor, Jobs, Employment ]
Small Business Tax Credit Accessibility Act This bill amends the Internal Revenue Code, with respect to the small employer health care insurance tax credit, to: (1) revise the definition of "eligible small employer" to mean an employer with not more than 50 (currently, 25) full-time employees; (2) modify the phaseout formula for such credit to base such phaseout on number of employees and average annual wages; (3) extend from two to three consecutive taxable years the period during which an employer may claim such credit; and (4) eliminate the requirement (continued...)

  

Sponsored by: Rep. Raul Grijalva Introduced In House on 01/11/2017

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US Congress 115th Congress

CORE Act Creating Opportunities for Rural Economies Act [S.76] [Taxes ] [Economic Development ] [Community Development ] [Energy ] [Finance ] [Labor, Jobs, Employment ] [Poverty ]
CORE Act Creating Opportunities for Rural Economies Act This bill amends the Internal Revenue Code to require at least 5% of the new markets tax credit limitation to be allocated to community development entities in connection with certain investments, financial counseling, and other services in distressed coal communities. A "distressed coal community" is any low-income community located in a county that: (1) was one of the 30 counties with the biggest employment decrease among coal operators over a specified time period; or (2) is contiguous to (continued...)

  

Sponsored by: Sen. Shelley Capito Read Twice And Referred To The Committee On Finance. on 01/10/2017

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US Congress 115th Congress

Promote Workforce Development for the Advancement of Manufacturers Act of 2017 [HB-419] [Manufacturing ] [Taxes ] [Labor, Jobs, Employment ] [Economic Development ] [Small Business ] [Education ]
Promote Workforce Development for the Advancement of Manufacturers Act of 2017 This bill amends the Internal Revenue Code to allow manufacturing employers located in the United States a business-related tax credit for the manufacturing training expenses of their employees. The definition of "manufacturing training expenses" includes related course work, certification testing, and essential skill acquisition.

  

Sponsored by: Rep. Brenda Lawrence Introduced In House on 01/10/2017

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US Congress 115th Congress

CORE Act Creating Opportunities for Rural Economies Act [HB-405] [Economic Development ] [Taxes ] [Community Development ] [Energy ] [Finance ] [Labor, Jobs, Employment ] [Poverty ]
CORE Act Creating Opportunities for Rural Economies Act This bill amends the Internal Revenue Code to require at least 5% of the new markets tax credit limitation to be allocated to community development entities in connection with certain investments, financial counseling, and other services in distressed coal communities. A "distressed coal community" is any low-income community located in a county that: (1) was one of the 30 counties with the biggest employment decrease among coal operators over a specified time period; or (2) is contiguous to (continued...)

  

Sponsored by: Rep. Evan Jenkins Introduced In House on 01/10/2017

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US Congress 115th Congress

Child Tax Credit Integrity Preservation Act of 2017 [HB-363] [Taxes ] [Children and Youth ]
Child Tax Credit Integrity Preservation Act of 2017 This bill amends the Internal Revenue Code to expand the identification requirement for the child tax credit to require taxpayers to provide a valid identification number (i.e., a Social Security account number issued by the Social Security Administration) on their tax returns in addition to the name and identification number of each qualifying child.

  

Sponsored by: Rep. Luke Messer Introduced In House on 01/06/2017

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US Congress 115th Congress

Next Generation American Manufacturing Act of 2017 [HB-340] [Manufacturing ] [Taxes ] [Small Business ] [Economic Development ]
Next Generation American Manufacturing Act of 2017 This bill amends the Internal Revenue Code to allow a tax credit for the purchase (during a specified period of between 5 and 10 years based on the incentive needed with respect to each product) of new products certified as assembled in the United States and consisting of at least 60% of components assembled or otherwise arising in the United States. The bill also establishes the 21st Century American Manufacturing Commission to conduct research to designate products eligible for such tax credit. (continued...)

  

Sponsored by: Rep. Jose Serrano Introduced In House on 01/05/2017

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US Congress 115th Congress

INVEST Act Incentives for our Nation's Veterans in Energy Sustainability Technologies [HB-328] [Energy ] [Taxes ] [Veterans ] [Labor, Jobs, Employment ] [Small Business ] [Environmental ] [Manufacturing ]
INVEST Act Incentives for our Nation's Veterans in Energy Sustainability Technologies This bill amends the Internal Revenue Code to allow the work opportunity tax credit for the hiring of a specified veteran who works in a field of renewable energy. A "specified veteran" means any veteran who is certified as: (1) having received a credential or certification from the Department of Defense of a military occupational specialty or skill in a field of renewable energy or with respect to advanced manufacturing, machinist or welding, or engineering; (2) (continued...)

  

Sponsored by: Rep. Barbara Lee Introduced In House on 01/05/2017

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Federal
US Congress 115th Congress

To amend the Internal Revenue Code of 1986 to provide a tax credit for expenses for household and elder care services necessary for gainful employment. [HB-329] [Taxes ] [Senior Citizens ] [Healthcare ] [Labor, Jobs, Employment ] [Family-Related Legislation ]
To amend the Internal Revenue Code of 1986 to provide a tax credit for expenses for household and elder care services necessary for gainful employment. This bill amends the Internal Revenue Code to allow a new tax credit for a taxpayer's employment-related expenses necessary to care for a dependent who has attained age 50. Employment-related expenses include: (1) expenses for household services; and (2) expenses for the care of the dependent, including respite care and hospice care. The expenses must be incurred to enable the taxpayer to be gainfully (continued...)

  

Sponsored by: Rep. Raul Grijalva Introduced In House on 01/05/2017

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US Congress 115th Congress

Hearing Aid Assistance Tax Credit Act [S.48] [Taxes ] [Healthcare ] [Senior Citizens ] [Consumer Protection ] [Pharmaceuticals ] [Public Health ]
Hearing Aid Assistance Tax Credit Act This bill amends the Internal Revenue Code to allow a tax credit of up to $500 once every five years for the purchase of a hearing aid that is authorized under the Federal Food, Drug, and Cosmetic Act for commercial distribution and is intended for use by the taxpayer or a dependent of the taxpayer.

  

Sponsored by: Sen. Amy Klobuchar Read Twice And Referred To The Committee On Finance. on 01/05/2017

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US Congress 115th Congress

Right Start Child Care and Education Act of 2017 [S.25] [Taxes ] [Labor, Jobs, Employment ] [Children and Youth ] [Education ]
Right Start Child Care and Education Act of 2017 This bill amends the Internal Revenue Code to: (1) increase the rates and maximum allowable amount of the tax credit for employer-provided child care facilities; (2) increase the eligibility threshold amount and rate of the household and dependent care tax credit and make such credit refundable; (3) allow a new $2,000 annual tax credit for three years for child care providers who hold a bachelor's degree in early childhood education, child care, or a related degree and who provide at least 1,200 hours (continued...)

  

Sponsored by: Sen. Amy Klobuchar Read Twice And Referred To The Committee On Finance. on 01/04/2017

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Federal
US Congress 115th Congress

Family Act of 2017 [HB-273] [Healthcare ] [Taxes ] [Family-Related Legislation ]
Family Act of 2017 This bill amends the Internal Revenue Code to allow a tax credit for 50% of an individual's qualified infertility treatment expenses, subject to specified limits based on dollar amounts and the taxpayer's adjusted gross income. Qualified infertility treatment expenses are amounts paid for the treatment of infertility via in vitro fertilization if such treatment is provided by a licensed physician, surgeon, or other medical practitioner and is administered with respect to a diagnosis of infertility by a physician licensed in the (continued...)

  

Sponsored by: Rep. John Lewis Introduced In House on 01/04/2017

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US Congress 115th Congress

Hire A Hero Act of 2017 [HB-191] [Taxes ] [Small Business ] [Veterans ] [Labor, Jobs, Employment ] [Military ]
Hire A Hero Act of 2017 This bill amends the Internal Revenue Code to: (1) allow small businesses a work opportunity tax credit for hiring a member of the Ready Reserve or the National Guard, and (2) make such credit with respect to the hiring of qualified veterans and members of the Ready Reserve and National Guard permanent.

  

Sponsored by: Rep. Steve Cohen Introduced In House on 01/03/2017

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US Congress 115th Congress

Landlord Accountability Act of 2017 [HB-202] [Housing ] [Real Estate ] [Funding ] [Grants ] [Human Services ] [Consumer Protection ] [Property Tax ]
Landlord Accountability Act of 2017 This bill amends the Fair Housing Act to make it unlawful to discriminate in connection with the rental of a dwelling because the current or prospective tenant holds a housing voucher for rental assistance under section 8 of the United States Housing Act of 1937. An owner of a dwelling unit available for rental may not take any action, or fail to take any action, with the intent to make the unit insufficiently decent, safe, sanitary, or inhabitable so that the dwelling fails to qualify for assistance within the (continued...)

  

Sponsored by: Rep. Raul Grijalva Introduced In House on 01/03/2017

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US Congress 115th Congress

HERO Transition from Battlespace to Workplace Act of 2017 Helping to Encourage Real Opportunity for Veterans Transitioning from Battlespace to Workplace Act of 2017 [HB-63] [Taxes ] [Veterans ] [Labor, Jobs, Employment ] [Small Business ] [Military ] [Economic Development ]
HERO Transition from Battlespace to Workplace Act of 2017 Helping to Encourage Real Opportunity for Veterans Transitioning from Battlespace to Workplace Act of 2017 This bill amends the Internal Revenue Code to allow employers a business-related tax credit for $1,000 times the number of veterans (not more than 25 in a taxable year) who begin work resulting from the efforts of a military relations manager. The bill: (1) deems as a reasonable effort of an employer to employ veterans, for purposes of veteran employment and reemployment programs, the (continued...)

  

Sponsored by: Rep. Sheila Jackson-Lee Referred To The Subcommittee On Economic Opportunity. on 01/19/2017

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US Congress 115th Congress

Student Loan Repayment Assistance Act of 2017 [HB-108] [Student Loans ] [Taxes ] [Small Business ] [Education ] [Labor, Jobs, Employment ]
Student Loan Repayment Assistance Act of 2017 This bill amends the Internal Revenue Code to allow a business-related tax credit for an employer's payments for employees under a student loan repayment program. The credit is equal to 10% of the amounts that an employer pays on behalf of any employee under a program and is refundable for certain small businesses and tax-exempt organizations. The payments for an employee may not exceed $500 per month.

  

Sponsored by: Rep. Julia Brownley Introduced In House on 01/03/2017

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US Congress 115th Congress

Territorial Economic Growth and Recovery Act of 2017 [HB-185] [Taxes ] [Economic Development ] [Pensions ] [Children and Youth ]
Territorial Economic Growth and Recovery Act of 2017 This bill amends the Internal Revenue Code to repeal the limitation on the amount of distilled spirits excise taxes covered over (paid into) to the treasuries of the Virgin Islands and Puerto Rico. If Puerto Rico or the Northern Mariana Islands has a tax system that mirrors federal tax law (mirror code tax system), the Department of the Treasury must pay each possession amounts equal to the loss to the possession due to the application of the Earned Income Tax Credit (EITC). If the possession (continued...)

  

Sponsored by: Rep. Madeleine Bordallo Introduced In House on 01/03/2017

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US Congress 115th Congress

Fair Tax Act of 2017 [S.18] [Taxes ] [Budget and Spending ] [Medicare and Medicaid ] [Social Security ] [Healthcare ] [Poverty ]
Fair Tax Act of 2017 This bill is a tax reform proposal that imposes a national sales tax on the use or consumption in the United States of taxable property or services in lieu of the current income and corporate income tax, employment and self-employment taxes, and estate and gift taxes. The rate of the sales tax will be 23% in 2019, with adjustments to the rate in subsequent years. There are exemptions from the tax for used and intangible property, for property or services purchased for business, export, or investment purposes, and for state government (continued...)

  

Sponsored by: Sen. David Perdue Read Twice And Referred To The Committee On Finance. on 01/03/2017

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