Income Tax Exclusion

Federal
US Congress 115th Congress

Student Security Act of 2017 [HB-1937] [Student Loans ] [Social Security ] [Taxes ] [Education ]
Student Security Act of 2017 This bill amends the Higher Education Act of 1965 to require the Department of Education and the Social Security Administration to jointly carry out a student loan forgiveness program that will forgive Federal Direct loans in exchange for delayed eligibility for old-age insurance benefits under the Social Security Act. In addition, the bill authorizes the transfer of amounts from the Federal Old-Age and Survivors Insurance Trust Fund into the Federal Disability Insurance Trust Fund if borrowing is necessary to pay full (continued...)

  

Sponsored by: Rep. Luke Messer Referred To The Subcommittee On Social Security. on 04/17/2017

Weigh In

Votes for: 0 Votes against: 3

Federal
US Congress 115th Congress

ABLE Financial Planning Act [S.816] [Taxes ] [Disabilities ]
ABLE Financial Planning Act This bill amends the Internal Revenue Code to allow tax-free rollovers of amounts in qualified tuition programs (529 plans) to qualified ABLE programs. (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.)

  

Sponsored by: Sen. Robert Casey Read Twice And Referred To The Committee On Finance. on 04/04/2017

Weigh In

Votes for: 0 Votes against: 1

Federal
US Congress 115th Congress

Clyde-Hirsch-Sowers RESPECT Act Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools Act [S.824] [Finance ] [Crime ] [Taxes ] [Consumer Protection ] [National Security ] [Public Safety ]
Clyde-Hirsch-Sowers RESPECT Act Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools Act This bill revises the authority and procedures that the Internal Revenue Service (IRS) uses to seize property that has been structured to avoid Bank Secrecy Act (BSA) reporting requirements. The IRS may only seize property it suspects has been structured to avoid BSA reporting requirements if the property was derived from an illegal source or the funds were structured for the purpose of concealing the violation of (continued...)

  

Sponsored by: Sen. Mark Warner Read Twice And Referred To The Committee On Finance. on 04/04/2017

Weigh In

No votes yet!
Cast yours now to be the first.

Votes for: 0 Votes against: 0

Federal
US Congress 115th Congress

ABLE Age Adjustment Act [S.817] [Taxes ] [Disabilities ] [Healthcare ] [Human Services ]
ABLE Age Adjustment Act This bill amends the Internal Revenue Code, with respect to qualified ABLE programs, to increase the age threshold for eligibility for such programs from 26 to 46. (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.)

  

Sponsored by: Sen. Robert Casey Read Twice And Referred To The Committee On Finance. on 04/04/2017

Weigh In

Votes for: 0 Votes against: 1

Federal
US Congress 115th Congress

ABLE Age Adjustment Act [HB-1874] [Disabilities ] [Taxes ] [Healthcare ] [Budget and Spending ]
ABLE Age Adjustment Act This bill amends the Internal Revenue Code, with respect to qualified ABLE programs, to increase the age threshold for eligibility for such programs from 26 to 46. (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.)

  

Sponsored by: Rep. Sean Maloney Introduced In House on 04/04/2017

Weigh In

Votes for: 0 Votes against: 1

Federal
US Congress 115th Congress

ABLE to Work Act of 2017 [HB-1896] [Taxes ] [Disabilities ] [Retirement ]
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.

  

Sponsored by: Rep. Sean Maloney Introduced In House on 04/04/2017

Weigh In

Votes for: 0 Votes against: 1

Federal
US Congress 115th Congress

ABLE Financial Planning Act [HB-1897] [Taxes ] [Disabilities ]
ABLE Financial Planning Act This bill amends the Internal Revenue Code to allow tax-free rollovers of amounts in qualified tuition programs (529 plans) to qualified ABLE programs. (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.)

  

Sponsored by: Rep. Sean Maloney Introduced In House on 04/04/2017

Weigh In

Votes for: 1 Votes against: 0

Federal
US Congress 115th Congress

Clyde-Hirsch-Sowers RESPECT Act Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools Act [HB-1843] [Finance ] [Taxes ] [Law Enforcement ] [Criminal Justice ] [National Security ] [Property Tax ] [Crime ]
Clyde-Hirsch-Sowers RESPECT Act Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools Act (Sec. 2) This bill revises the authority and procedures that the Internal Revenue Service (IRS) uses to seize property that has been structured to avoid Bank Secrecy Act (BSA) reporting requirements. The IRS may only seize property it suspects has been structured to avoid BSA reporting requirements if the property was derived from an illegal source or the funds were structured for the purpose of concealing the violation (continued...)

  

Sponsored by: Rep. Tom Rice Received In The Senate And Read Twice And Referred To The Committee On Finance. on 09/06/2017

Weigh In

Votes for: 2 Votes against: 1

Federal
US Congress 115th Congress

Employer Participation in Repayment Act of 2017 [S.796] [Student Loans ] [Taxes ] [Labor, Jobs, Employment ] [Education ]
Employer Participation in Repayment Act of 2017 This bill amends the Internal Revenue Code to expand the tax exclusion for employer-provided educational assistance to include an employer's payments to an employee or lender for the principal or interest on any qualified education loan incurred by an employee.

  

Sponsored by: Sen. Robert Casey Read Twice And Referred To The Committee On Finance. on 03/30/2017

Weigh In

Votes for: 0 Votes against: 1

Federal
US Congress 115th Congress

Dynamic Repayment Act of 2017 [S.799] [Student Loans ]
Dynamic Repayment Act of 2017

  

Sponsored by: Sen. Mark Warner Read Twice And Referred To The Committee On Finance. on 03/30/2017

Weigh In

No votes yet!
Cast yours now to be the first.

Votes for: 0 Votes against: 0

Federal
US Congress 115th Congress

Expanding Employee Ownership Act of 2017 [HB-1792] [Labor, Jobs, Employment ] [Taxes ] [Small Business ]
Expanding Employee Ownership Act of 2017 This bill amends the Internal Revenue Code to exclude from the gross income of an employee: (1) shares of employer securities received in a qualified employee stock distribution as compensation for services that do not exceed the lowest number of employer securities received by any employee in such distribution; (2) any gain on such securities if held by an employee for not less than 10 years; and (3) in the case of any qualified disposition of an employer security that meets such 10-year holding requirement, (continued...)

  

Sponsored by: Rep. Collin Peterson Introduced In House on 03/29/2017

Weigh In

Votes for: 1 Votes against: 0

Federal
US Congress 115th Congress

Modernizing American Manufacturing Bonds Act [S.773] [Manufacturing ] [Small Business ] [Taxes ] [Economic Development ]
Modernizing American Manufacturing Bonds Act This bill amends the Internal Revenue Code, with respect to qualified small issue bonds for manufacturing purposes, to expand the definition of "manufacturing facility" to include a facility that: (1) is used in the creation or production of intangible property; or (2) is functionally related, subordinate to, and located on the same site as a facility used in the manufacturing or production of tangible personal property or in the creation or production of intangible property. The bill also increases from (continued...)

  

Sponsored by: Sen. David Perdue Read Twice And Referred To The Committee On Finance. on 03/29/2017

Weigh In

No votes yet!
Cast yours now to be the first.

Votes for: 0 Votes against: 0

Federal
US Congress 115th Congress

Fair Treatment of Scholarships and Pell Grants Act of 2017 [HB-1764] [Education ] [Student Loans ] [Taxes ]
Fair Treatment of Scholarships and Pell Grants Act of 2017 This bill amends the Internal Revenue Code to modify the provision which excludes from the gross income of a student any amount that is received as a qualified scholarship used for qualified tuition and related expenses. The bill expands the exclusion to: (1) permit the scholarship to be used for room and board costs for which there is an allowance under the Higher Education Act of 1965; and (2) to specify that "qualified tuition and related expenses" include fees, books, supplies, and equipment (continued...)

  

Sponsored by: Rep. Luke Messer Introduced In House on 03/28/2017

Weigh In

No votes yet!
Cast yours now to be the first.

Votes for: 0 Votes against: 0

Federal
US Congress 115th Congress

Facilitating Farmers' Access to Resources and Machinery Act [HB-1750] [Agriculture ] [Taxes ] [Small Business ] [Inflation ]
Facilitating Farmers' Access to Resources and Machinery Act This bill amends the Internal Revenue Code, with respect to private activity bond financing for first-time farmers, to: (1) increase from $450,000 to $524,200 (adjusted annually for inflation) the amount of bond proceeds that may be used by a first-time farmer to acquire land for farming purposes, (2) repeal the separate dollar limitation on the use of bond proceeds for used farm equipment, and (3) modify the definition of "substantial farmland" to determine farm size by reference to the (continued...)

  

Sponsored by: Rep. David Young Introduced In House on 03/28/2017

Weigh In

No votes yet!
Cast yours now to be the first.

Votes for: 0 Votes against: 0