BillCam

Income Tax Credits

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Number	Legislature	Summary	Subjects
HB-2171	Federal	Taxpayer Protection Act of 2017 This bill amends the Internal Revenue Code to establish additional requirements and procedures for collecting taxes, regulating tax preparers, responding to identity theft, and assisting low-income taxpayers. The bill repeals the authority of the Internal Revenue Service (IRS) to contract with private companies to collect federal tax debts. It also excludes from the gross income of an individual up to $10,000 of income from the discharge of a debt over the individual's lifetime. The bill requires the statute of limitations for a taxpayer's case to continue to run during a pending application for assistance from the National Taxpayer Advocate. The bill also: establishes limitations on IRS levies of retirement accounts, suspends the time limit for returning wrongfully levied property if a taxpayer is financially disabled, increases the grace period for withdrawing a frivolous return, and repeals the requirement to submit a partial payment with an offer-in-compromise to settle a tax liability. The IRS must: (1) notify taxpayers regarding suspected identity theft and related criminal charges, (2) establish a single point of contact for identity theft victims, (3) permit its employees to refer taxpayers to low-income taxpayer clinics, and (4) notify taxpayers who are eligible for the Earned Income Tax Credit. The IRS may regulate paid tax return preparers and disclose returns or return information necessary to publish decisions related to tax return preparer misconduct. The bill provides additional funding to the IRS for Taxpayer Services and increases the funding that the IRS may allocate to low-income taxpayer clinics. Democrat: 100% (7) 100% Democrat support	Taxation Administrative Remedies Appropriations Computer Security And Identity Theft Crime Victims Department Of The Treasury Disability And Paralysis Employee Benefits And Pensions Executive Agency Funding And Structure Fraud Offenses And Financial Crimes
HB-2140	Federal	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 tax credit 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 of child care services in a taxable year; and (4) increase the tax exclusion for employer-provided dependent care assistance. Democrat: 100% (1) 100% Democrat support	Taxation Child Care And Development Employee Benefits And Pensions Income Tax Credits Income Tax Exclusion Teaching, Teachers, Curricula
S.937	Federal	Adoption Tax Credit Refundability Act of 2017 This bill amends the Internal Revenue Code to make the tax credit for adoption expenses refundable. Democrat: 58% (7) Republican: 41% (5) 58% Democrat support 41% Republican support	Taxation Adoption And Foster Care Income Tax Credits
HB-2110	Federal	Tax Fairness for All Families Act of 2017 This bill amends the Internal Revenue Code, with respect to the earned income tax credit, to provide for an increased credit percentage for taxpayers with more than three qualifying children. Democrat: 100% (1) 100% Democrat support	Taxation Income Tax Credits Poverty And Welfare Assistance Tax Treatment Of Families Wages And Earnings
S.893	Federal	SMART Act Simplified, Manageable, And Responsible Tax Act This bill amends the Internal Revenue Code to replace the marginal income tax rates with a single rate of 17% on individual taxable income. The bill redefines "taxable income" to mean the amount by which wages, retirement distributions, and unemployment compensation exceed the standard deduction. It also: increases the basic standard deduction, includes an additional standard deduction for dependents, and includes the taxable income of each dependent child under the age of 14 in an individual's taxable income. The bill revises the tax on corporations to: (1) replace it with a tax on every person engaged in a business activity equal to 17% of the business taxable income of such person; and (2) make the person engaged in the business activity liable for the tax, whether or not such person is an individual, a partnership, or a corporation. The bill imposes on employers a 17% tax on the value of excludable compensation provided during the year to employees. With respect to pension rules, the bill: (1) repeals rules relating to non-discrimination, contribution limits, and restrictions on distributions; and (2) revises rules relating to transfers of excess pension assets. The bill also repeals: the alternative minimum tax; all income tax credits; estate, gift, and generation-skipping transfer taxes; and income tax provisions, except certain provisions relating to retirement distributions and tax-exempt organizations. The bill prohibits Congress from considering legislation to make specified changes to tax policy unless Congress waives or suspends the prohibition with a three-fifths vote. Republican: 100% (1) 100% Republican support	Taxation Employee Benefits And Pensions Income Tax Credits Income Tax Deductions Income Tax Exclusion Income Tax Rates Legislative Rules And Procedure Tax Reform And Tax Simplification Transfer And Inheritance Taxes
S.876	Federal	Tribal Adoption Parity Act This bill amends the Internal Revenue Code to allow Indian tribal governments to determine whether a child has special needs for the purposes of the adoption tax credit. Democrat: 50% (4) Republican: 50% (4) 50% Democrat support 50% Republican support	Taxation Adoption And Foster Care Child Safety And Welfare Disability And Paralysis Income Tax Credits Indian Social And Development Programs
S.885	Federal	Improved Employment Outcomes for Foster Youth Act of 2017 This bill amends the Internal Revenue Code to expand the Work Opportunity Tax Credit (WOTC) to include the hiring of qualified foster care transition youth. (The WOTC permits employers who hire individuals who are members of a targeted group [e.g., qualified veterans, ex-felons, SSI recipients] to claim a tax credit equal to a portion of the wages paid to those individuals.) A "qualified foster care transition youth" is any individual who is certified by the designated local agency as: (1) not having attained age 27 as of the hiring date, and (2) as having been in foster care after attaining the age specified in provisions of the Social Security Act related to the John H. Chafee Foster Care Independence Program (currently 16 years of age). Democrat: 66% (2) Republican: 33% (1) 66% Democrat support 33% Republican support	Taxation Adoption And Foster Care Employee Hiring Employment And Training Programs Income Tax Credits Wages And Earnings Youth Employment And Child Labor
HB-2035	Federal	Tribal Adoption Parity Act This bill amends the Internal Revenue Code to allow Indian tribal governments to determine whether a child has special needs for the purposes of the adoption tax credit. Democrat: 50% (3) Republican: 50% (3) 50% Democrat support 50% Republican support	Taxation Adoption And Foster Care Child Safety And Welfare Disability And Paralysis Income Tax Credits Indian Social And Development Programs
HB-2060	Federal	Improved Employment Outcomes for Foster Youth Act of 2017 This bill amends the Internal Revenue Code to expand the Work Opportunity Tax Credit (WOTC) to include the hiring of qualified foster care transition youth. (The WOTC permits employers who hire individuals who are members of a targeted group [e.g., qualified veterans, ex-felons, SSI recipients] to claim a tax credit equal to a portion of the wages paid to those individuals.) A "qualified foster care transition youth" is any individual who is certified by the designated local agency as: (1) not having attained age 27 as of the hiring date, and (2) as having been in foster care after attaining the age specified in provisions of the Social Security Act related to the John H. Chafee Foster Care Independence Program (currently 16 years of age). Republican: 50% (3) Democrat: 50% (3) 50% Republican support 50% Democrat support	Taxation Adoption And Foster Care Employee Hiring Employment And Training Programs Income Tax Credits Wages And Earnings Youth Employment And Child Labor
S.863	Federal	Offshoring Prevention Act This bill amends the Internal Revenue Code to include imported property income in foreign base company income, for purposes of determining the income of controlled foreign corporations. The bill defines "imported property income" as, with certain exceptions, income derived in connection with: manufacturing, producing, growing, or extracting imported property; the sale, exchange, or other disposition of imported property; or the lease, rental, or licensing of imported property. The bill also provides for a separate application of limitations on the foreign tax credit for imported property income. Democrat: 100% (1) 100% Democrat support	Taxation Foreign And International Corporations Income Tax Credits Taxation Of Foreign Income
HB-2010	Federal	CO2 Regulatory Certainty Act This bill amends the Internal Revenue Code to revise requirements for the secure geological storage of carbon dioxide for the purpose of the tax credit for carbon dioxide sequestration. The bill establishes a December 31, 2017, deadline and requirements for regulations that the Internal Revenue Service (IRS) is required, under current law, to establish for determining adequate security measures for the geological storage of the carbon dioxide such that carbon dioxide does not escape into the atmosphere. The IRS regulations must consider the carbon dioxide to be disposed of in secure geological storage if it is stored in compliance with specified rules promulgated by the Environmental Protection Agency under the Clean Air Act and the Safe Drinking Water Act for the geologic sequestration of carbon dioxide, the injection of carbon dioxide, and the criteria and standards for underground injection control programs that are applicable to Class II wells. Republican: 100% (7) 100% Republican support	Taxation Administrative Law And Regulatory Procedures Air Quality Climate Change And Greenhouse Gases Environmental Protection Agency (epa) Environmental Regulatory Procedures Income Tax Credits Oil And Gas Water Quality Water Use And Supply
HB-2005	Federal	Offshoring Prevention Act This bill amends the Internal Revenue Code to include imported property income in foreign base company income, for purposes of determining the income of controlled foreign corporations. The bill defines "imported property income" as, with certain exceptions, income derived in connection with: manufacturing, producing, growing, or extracting imported property; the sale, exchange, or other disposition of imported property; or the lease, rental, or licensing of imported property. The bill also provides for a separate application of limitations on the foreign tax credit for imported property income. Democrat: 100% (3) 100% Democrat support	Taxation Foreign And International Corporations Income Tax Credits Taxation Of Foreign Income
HB-1932	Federal	Stop Tax Haven Abuse Act This bill authorizes the Department of the Treasury to impose restrictions on foreign jurisdictions or financial institutions to counter money laundering and efforts to significantly impede U.S. tax enforcement. The bill amends the Internal Revenue Code to: expand reporting requirements for certain foreign investments and accounts held by U.S. persons, establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements under the Foreign Account Tax Compliance Act, treat certain foreign corporations managed and controlled primarily in the United States as domestic corporations for tax purposes, treat swap payments sent offshore as taxable U.S. source income, impose additional requirements for third party summonses used to obtain information in tax investigations that do not identify the person with respect to whose liability the summons is issued (i.e., John Doe summons), and modify the rules for the taxation of inverted corporations (U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States). The bill amends the Securities Exchange Act of 1934 to: (1) require corporations to disclose certain financial information on a country-by-country basis, and (2) impose penalties for failing to disclose offshore holdings. The bill makes investment advisers and persons engaged in forming new business entities subject to anti-money laundering requirements. The bill imposes new restrictions on U.S. corporations and other entities with foreign income with respect to: (1) tax deductions allocable to deferred foreign income, (2) the recalculation of foreign income taxes, (3) intangible property transferred overseas, (4) tax evasion activities by U.S. corporations reincorporating in a foreign country, and (5) the interest expense tax deduction of certain subsidiaries of foreign corporations. Democrat: 100% (61) 100% Democrat support	Taxation Accounting And Auditing Administrative Law And Regulatory Procedures Administrative Remedies Bank Accounts, Deposits, Capital Banking And Financial Institutions Regulation Business Investment And Capital Civil Actions And Liability Commodities Markets Commodity Futures Trading Commission
S.851	Federal	Stop Tax Haven Abuse Act This bill authorizes the Department of the Treasury to impose restrictions on foreign jurisdictions or financial institutions to counter money laundering and efforts to significantly impede U.S. tax enforcement. The bill amends the Internal Revenue Code to: expand reporting requirements for certain foreign investments and accounts held by U.S. persons, establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements under the Foreign Account Tax Compliance Act, treat certain foreign corporations managed and controlled primarily in the United States as domestic corporations for tax purposes, treat swap payments sent offshore as taxable U.S. source income, impose additional requirements for third party summonses used to obtain information in tax investigations that do not identify the person with respect to whose liability the summons is issued (i.e., John Doe summons), and modify the rules for the taxation of inverted corporations (U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States). The bill amends the Securities Exchange Act of 1934 to: (1) require corporations to disclose certain financial information on a country-by-country basis, and (2) impose penalties for failing to disclose offshore holdings. The bill makes investment advisers and persons engaged in forming new business entities subject to anti-money laundering requirements. The bill imposes new restrictions on U.S. corporations and other entities with foreign income with respect to: (1) tax deductions allocable to deferred foreign income, (2) the recalculation of foreign income taxes, (3) intangible property transferred overseas, (4) tax evasion activities by U.S. corporations reincorporating in a foreign country, and (5) the interest expense tax deduction of certain subsidiaries of foreign corporations. Democrat: 100% (2) 100% Democrat support	Taxation Accounting And Auditing Administrative Law And Regulatory Procedures Administrative Remedies Bank Accounts, Deposits, Capital Banking And Financial Institutions Regulation Business Investment And Capital Civil Actions And Liability Commodities Markets Commodity Futures Trading Commission
HB-1933	Federal	Health Care Options Act of 2017 This bill amends the Internal Revenue Code to temporarily permit certain individuals to use the premium assistance tax credit to purchase health insurance outside of an exchange established under the Patient Protection and Affordable Care (PPACA). The bill applies to individuals who reside in a rating area or county that the Department of Health and Human Services has certified has no qualified health plans offered through an exchange established under PPACA. Individuals residing in the areas or counties may use the premium assistance tax credit through 2019 to enroll in a plan outside of an exchange if the plan is: (1) authorized by the state in which the taxpayer resides to be offered in the individual market, or (2) is a not-for-profit membership organization that is organized and authorized under state law to accept member contributions to fund health care benefits for members and their families. The bill prohibits advance payments of the credit from being made with respect to the off-exchange plans and specifies reporting requirements for the plans. Through 2019, the bill also exempts the individuals residing in the counties or areas from the requirement to maintain minimum essential health coverage (commonly referred to as the individual mandate). Republican: 100% (8) 100% Republican support	Taxation Health Care Costs And Insurance Health Care Coverage And Access Income Tax Credits Sales And Excise Taxes
S.818	Federal	ABLE to Work Act of 2017 This bill amends the Internal Revenue Code, with respect to ABLE accounts (tax-exempt savings accounts for persons with a disability), to allow: (1) an ABLE account beneficiary to make additional contributions to an ABLE account equal to the lesser of such beneficiary's compensation or an amount equal to the federal poverty line for a one-person household, and (2) a retirement savings tax credit for contributions to an ABLE account. Republican: 50% (4) Democrat: 50% (4) 50% Republican support 50% Democrat support	Taxation Bank Accounts, Deposits, Capital Disability And Paralysis Employee Benefits And Pensions Income Tax Credits Income Tax Exclusion
HB-1896	Federal	ABLE to Work Act of 2017 This bill amends the Internal Revenue Code, with respect to ABLE accounts (tax-exempt savings accounts for persons with a disability), to allow: (1) an ABLE account beneficiary to make additional contributions to an ABLE account equal to the lesser of such beneficiary's compensation or an amount equal to the federal poverty line for a one-person household, and (2) a retirement savings tax credit for contributions to an ABLE account. Republican: 64% (32) Democrat: 36% (18) 64% Republican support 36% Democrat support	Taxation Bank Accounts, Deposits, Capital Disability And Paralysis Employee Benefits And Pensions Income Tax Credits Income Tax Exclusion
S.805	Federal	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; and (3) allow an individual taxpayer whose modified adjusted gross income does not exceed $50,000 ($75,000 for married taxpayers filing joint returns) a tax credit for the amount of tax paid on covered transactions. Independent: 50% (1) Democrat: 50% (1) 50% Independent support 50% Democrat support	Taxation Financial Services And Investments Government Information And Archives Income Tax Credits Sales And Excise Taxes Securities Tax Administration And Collection, Taxpayers
HB-1866	Federal	Stop Animal Fat Tax Credits Act of 2017 This bill amends the Internal Revenue Code to make fuels derived from animal fats ineligible for the tax credits for: (1) biodiesel and renewable diesel, and (2) alternative fuels. Republican: 100% (1) 100% Republican support	Taxation Alternative And Renewable Resources Income Tax Credits Motor Fuels
S.780	Federal	Responsibly Addressing the Marijuana Policy Gap Act of 2017 Democrat: 100% (1) 100% Democrat support	Crime And Law Enforcement Alternative Treatments Bank Accounts, Deposits, Capital Banking And Financial Institutions Regulation Bankruptcy Broadcasting, Cable, Digital Technologies Business Expenses Business Records Criminal Justice Information And Records Criminal Procedure And Sentencing

Title: Taxpayer Protection Act of 2017

Session: US Congress 2017-2018 115th Congress

Number: HB-2171

Subjects: Taxation, Administrative Remedies, Appropriations, Computer Security And Identity Theft, Crime Victims, Department Of The Treasury, Disability And Paralysis, Employee Benefits And Pensions, Executive Agency Funding And Structure, Fraud Offenses And Financial Crimes

Democrat: 100% (7)

Title: Right Start Child Care and Education Act of 2017

Session: US Congress 2017-2018 115th Congress

Number: HB-2140

Subjects: Taxation, Child Care And Development, Employee Benefits And Pensions, Income Tax Credits, Income Tax Exclusion, Teaching, Teachers, Curricula

Democrat: 100% (1)

Title: Adoption Tax Credit Refundability Act of 2017

Session: US Congress 2017-2018 115th Congress

Number: S.937

Subjects: Taxation, Adoption And Foster Care, Income Tax Credits

Democrat: 58% (7) Republican: 41% (5)

Title: Tax Fairness for All Families Act of 2017

Session: US Congress 2017-2018 115th Congress

Number: HB-2110

Subjects: Taxation, Income Tax Credits, Poverty And Welfare Assistance, Tax Treatment Of Families, Wages And Earnings

Democrat: 100% (1)

Title: SMART Act Simplified, Manageable, And Responsible Tax Act

Session: US Congress 2017-2018 115th Congress

Number: S.893

Subjects: Taxation, Employee Benefits And Pensions, Income Tax Credits, Income Tax Deductions, Income Tax Exclusion, Income Tax Rates, Legislative Rules And Procedure, Tax Reform And Tax Simplification, Transfer And Inheritance Taxes

Republican: 100% (1)

Title: Tribal Adoption Parity Act

Session: US Congress 2017-2018 115th Congress

Number: S.876

Subjects: Taxation, Adoption And Foster Care, Child Safety And Welfare, Disability And Paralysis, Income Tax Credits, Indian Social And Development Programs

Democrat: 50% (4) Republican: 50% (4)

Title: Improved Employment Outcomes for Foster Youth Act of 2017

Session: US Congress 2017-2018 115th Congress

Number: S.885

Subjects: Taxation, Adoption And Foster Care, Employee Hiring, Employment And Training Programs, Income Tax Credits, Wages And Earnings, Youth Employment And Child Labor

Democrat: 66% (2) Republican: 33% (1)

Title: Tribal Adoption Parity Act

Session: US Congress 2017-2018 115th Congress

Number: HB-2035

Subjects: Taxation, Adoption And Foster Care, Child Safety And Welfare, Disability And Paralysis, Income Tax Credits, Indian Social And Development Programs

Democrat: 50% (3) Republican: 50% (3)

Title: Improved Employment Outcomes for Foster Youth Act of 2017

Session: US Congress 2017-2018 115th Congress

Number: HB-2060

Subjects: Taxation, Adoption And Foster Care, Employee Hiring, Employment And Training Programs, Income Tax Credits, Wages And Earnings, Youth Employment And Child Labor

Republican: 50% (3) Democrat: 50% (3)

Title: Offshoring Prevention Act

Session: US Congress 2017-2018 115th Congress

Number: S.863

Subjects: Taxation, Foreign And International Corporations, Income Tax Credits, Taxation Of Foreign Income

Democrat: 100% (1)

Title: CO2 Regulatory Certainty Act

Session: US Congress 2017-2018 115th Congress

Number: HB-2010

Subjects: Taxation, Administrative Law And Regulatory Procedures, Air Quality, Climate Change And Greenhouse Gases, Environmental Protection Agency (epa), Environmental Regulatory Procedures, Income Tax Credits, Oil And Gas, Water Quality, Water Use And Supply

Republican: 100% (7)

Title: Offshoring Prevention Act

Session: US Congress 2017-2018 115th Congress

Number: HB-2005

Subjects: Taxation, Foreign And International Corporations, Income Tax Credits, Taxation Of Foreign Income

Democrat: 100% (3)

Title: Stop Tax Haven Abuse Act

Session: US Congress 2017-2018 115th Congress

Number: HB-1932

Subjects: Taxation, Accounting And Auditing, Administrative Law And Regulatory Procedures, Administrative Remedies, Bank Accounts, Deposits, Capital, Banking And Financial Institutions Regulation, Business Investment And Capital, Civil Actions And Liability, Commodities Markets, Commodity Futures Trading Commission

Democrat: 100% (61)

Title: Stop Tax Haven Abuse Act

Session: US Congress 2017-2018 115th Congress

Number: S.851

Subjects: Taxation, Accounting And Auditing, Administrative Law And Regulatory Procedures, Administrative Remedies, Bank Accounts, Deposits, Capital, Banking And Financial Institutions Regulation, Business Investment And Capital, Civil Actions And Liability, Commodities Markets, Commodity Futures Trading Commission

Democrat: 100% (2)

Title: Health Care Options Act of 2017

Session: US Congress 2017-2018 115th Congress

Number: HB-1933

Subjects: Taxation, Health Care Costs And Insurance, Health Care Coverage And Access, Income Tax Credits, Sales And Excise Taxes

Republican: 100% (8)

Title: ABLE to Work Act of 2017

Session: US Congress 2017-2018 115th Congress

Number: S.818

Subjects: Taxation, Bank Accounts, Deposits, Capital, Disability And Paralysis, Employee Benefits And Pensions, Income Tax Credits, Income Tax Exclusion

Republican: 50% (4) Democrat: 50% (4)

Title: ABLE to Work Act of 2017

Session: US Congress 2017-2018 115th Congress

Number: HB-1896

Subjects: Taxation, Bank Accounts, Deposits, Capital, Disability And Paralysis, Employee Benefits And Pensions, Income Tax Credits, Income Tax Exclusion

Republican: 64% (32) Democrat: 36% (18)

Title: Inclusive Prosperity Act of 2017

Session: US Congress 2017-2018 115th Congress

Number: S.805

Subjects: Taxation, Financial Services And Investments, Government Information And Archives, Income Tax Credits, Sales And Excise Taxes, Securities, Tax Administration And Collection, Taxpayers

Independent: 50% (1) Democrat: 50% (1)

Title: Stop Animal Fat Tax Credits Act of 2017

Session: US Congress 2017-2018 115th Congress

Number: HB-1866

Subjects: Taxation, Alternative And Renewable Resources, Income Tax Credits, Motor Fuels

Republican: 100% (1)

Title: Responsibly Addressing the Marijuana Policy Gap Act of 2017

Session: US Congress 2017-2018 115th Congress

Number: S.780

Subjects: Crime And Law Enforcement, Alternative Treatments, Bank Accounts, Deposits, Capital, Banking And Financial Institutions Regulation, Bankruptcy, Broadcasting, Cable, Digital Technologies, Business Expenses, Business Records, Criminal Justice Information And Records, Criminal Procedure And Sentencing

Democrat: 100% (1)

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