Taxation
Virginia 2017 Regular Session
Gas severance tax. [HB-1669]
[Taxes ]
[Energy ]
[Infrastructure ]
[Water ]
[Economic Development ]
Gas severance tax. Extends the sunset date from January 1, 2018, to January 1, 2020, for the local gas severance tax that is dedicated to (i) the local Coal and Gas Road Improvement Fund, (ii) the Virginia Coalfield Economic Development Fund, and (iii) water, sewer, and natural gas systems and lines.
Sponsored by: Rep. James W. Morefield
Left In Finance on 02/07/2017
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US Congress 115th Congress
Mortgage Insurance Tax Deduction Act of 2017 [HB-109]
[Housing ]
[Taxes ]
[Real Estate ]
Mortgage Insurance Tax Deduction Act of 2017 This bill amends the Internal Revenue Code to make permanent the tax deduction for mortgage insurance premiums.
Sponsored by: Rep. Julia Brownley
Introduced In House on 01/03/2017
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West Virginia 2017 Regular Session
Exempting military retirement benefits from personal income tax [SB-462]
[Taxes ]
[Military ]
[Retirement ]
[Veterans ]
Exempting military retirement benefits from personal income tax
Sponsored by: Sen. Roman W. Prezioso
Filed For Introduction on 02/28/2017
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Texas 85th Legislature Regular Session
Relating to a sales and use tax exemption for Texas state flags. [HB-660]
[Taxes ]
[Consumer Protection ]
Relating to a sales and use tax exemption for Texas state flags.
Sponsored by: Rep. Richard Pena Raymond
Scheduled For Public Hearing On . . . on 05/03/2017
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West Virginia 2017 Regular Session
Eliminating taxation on annuity consideration received by life insurer [SB-464]
[Insurance ]
[Taxes ]
Eliminating taxation on annuity consideration received by life insurer
Sponsored by: Sen. Robert H. Plymale
To Finance on 03/27/2017
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Virginia 2017 Regular Session
✔
Retail Sales and Use Tax; exempts legal tender coins. [HB-1668]
[Taxes ]
[Consumer Protection ]
Sales and use tax exemption; legal tender coins. Exempts legal tender coins whose total transaction sales price exceeds $1,000 from sales and use tax and extends from January 1, 2019, to June 30, 2022, the same exemption for gold, silver, or platinum bullion. The bill has a delayed effective date of January 1, 2018. The provisions of the bill expire on June 30, 2022. This bill is identical to SB 934.
Sponsored by: Rep. Mark L. Keam
Governor: Approved By Governor-chapter 48 (effective 1/1/18) on 02/20/2017
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US Congress 115th Congress
Farmers Against Crippling Taxes Act [HB-30]
[Agriculture ]
[Taxes ]
Farmers Against Crippling Taxes Act This bill repeals the federal estate, gift, and generation-skipping transfer taxes.
Sponsored by: Rep. Richard Hudson
Introduced In House on 01/03/2017
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US Congress 115th Congress
Emergency Citrus Disease Response Act of 2017 [HB-112]
[Agriculture ]
[Taxes ]
[Small Business ]
[Food ]
[Disaster Relief ]
Emergency Citrus Disease Response Act of 2017 This bill amends the Internal Revenue Code to allow a full deduction in the current taxable year of the cost of replanting lost or damaged citrus plants. The taxpayer must own an equity interest of at least 50% in such replanted plants and may deduct costs paid or incurred through 2026.
Sponsored by: Rep. Kathy Castor
Introduced In House on 01/03/2017
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US Congress 115th Congress
Tax Code Termination Act [HB-29]
[Taxes ]
[Budget and Spending ]
[Finance ]
[Small Business ]
[Labor, Jobs, Employment ]
[Economic Development ]
Tax Code Termination Act This bill terminates the Internal Revenue Code of 1986 after December 31, 2021, except for self-employment taxes, Federal Insurance Contributions Act (FICA) taxes, and railroad retirement taxes. A two-thirds majority vote in Congress is required to change such termination date. The bill declares that any new federal tax system should be a simple and fair system that: (1) applies a low rate to all Americans, (2) provides tax relief for working Americans, (3) protects the rights of taxpayers and reduces tax collection abuses,
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Sponsored by: Rep. Alexander Mooney
Introduced In House on 01/03/2017
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Virginia 2017 Regular Session
✔
Motion picture production; extends sunset date of tax credit. [HB-1665]
[Film Production ]
[Taxes ]
[Arts and Culture ]
[Economic Development ]
Motion picture production tax credit. Extends the sunset date of the motion picture production tax credit from January 1, 2019, to January 1, 2022. This bill is identical to SB 982.
Sponsored by: Rep. Mark L. Keam
Governor: Approved By Governor-chapter 108 (effective 7/1/17) on 02/21/2017
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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
ROSIE Act Realizing Opportunity for Spouses in Employment Act [HB-32]
[Healthcare ]
[Labor, Jobs, Employment ]
[Military ]
[Taxes ]
[Veterans ]
ROSIE Act Realizing Opportunity for Spouses in Employment Act This bill amends the Internal Revenue Code to exempt the spouses of active duty members of the Armed Forces from being counted as employees to determine if an employer is an applicable large employer, with respect to health coverage requirements under the Patient Protection and Affordable Care Act.
Sponsored by: Rep. Richard Hudson
Introduced In House on 01/03/2017
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US Congress 115th Congress
Support Our Start-Ups Act [HB-111]
[Taxes ]
[Small Business ]
[Economic Development ]
Support Our Start-Ups Act This bill amends the Internal Revenue Code to extend the tax deduction for new business expenditures to organizational expenditures, generally defined as expenditures incident to the creation of a corporation or a partnership. The bill also increases the maximum deduction amount for start-up and organizational expenditures from $5,000 to $20,000 and increases from $50,000 to $120,000 the threshold amount after which the maximum deduction amount for such expenditures is reduced.
Sponsored by: Rep. Carlos Curbelo
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
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Sponsored by: Rep. Madeleine Z. Bordallo
Introduced In House on 01/03/2017
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US Congress 115th Congress
To reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns. [HB-133]
[Budget and Spending ]
[Elections ]
[Taxes ]
[Funding ]
To reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns. This bill amends the Internal Revenue Code to terminate: (1) the taxpayer election to designate $3 of income tax liability for financing of presidential election campaigns, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account. The Department of the Treasury must transfer: (1) specified funds remaining in the Presidential Election Campaign Fund to the 10-Year Pediatric Research Initiative
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Sponsored by: Rep. Tom Cole
Committee Consideration And Mark-up Session Held. Markup Report Cq on 02/07/2017
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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
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Sponsored by: Sen. David Perdue
Read Twice And Referred To The Committee On Finance. on 01/03/2017
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West Virginia 2017 Regular Session
✔
Authorizing a method for the collection and remittance of property taxes related to dealers’ heavy equipment inventory [HB-2734]
[Property Tax ]
[Taxes ]
The purpose of this bill is to authorize a method for the collection and remittance of property taxes related to dealer’s heavy equipment inventory. Current law does not provide any special guidance in this regard.
Sponsored by: Rep. Brent Boggs
Chapter 228, Acts, Regular Session, 2017 on 05/23/2017
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Virginia 2017 Regular Session
Statewide Fire Prevention Code; State Fire Marshal; consumer fireworks; penalties. [SB-980]
[Public Safety ]
[Taxes ]
[Consumer Protection ]
[Firearms/Gun Control ]
Statewide Fire Prevention Code; State Fire Marshal; consumer fireworks; penalties. Authorizes the use of consumer fireworks in the Commonwealth and distinguishes by definition consumer fireworks from display fireworks and permissible fireworks. The bill defines "consumer fireworks" as small fireworks devices (i) containing restricted amounts of pyrotechnic composition designed primarily to produce visible or audible effects by combustion and (ii) complying with certain federal regulations regarding composition and labeling. The bill also provides
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Sponsored by: Sen. William M. Stanley
Passed By Indefinitely In General Laws And Technology (10-y 5-n) on 01/23/2017
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Texas 85th Legislature Regular Session
Relating to the eligibility of land for appraisal for ad valorem tax purposes as qualified open-space land on the basis of its use for wildlife management. [HB-643]
[Taxes ]
[Animals ]
[Property Tax ]
Relating to the eligibility of land for appraisal for ad valorem tax purposes as qualified open-space land on the basis of its use for wildlife management.
Sponsored by: Rep. Larry Phillips
Scheduled For Public Hearing On . . . on 04/12/2017
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US Congress 115th Congress
Shiloh National Military Park Boundary Adjustment and Parker's Crossroads Battlefield Designation Act [HB-88]
[Public Lands and National Parks ]
[Military ]
[Arts and Culture ]
[Recreation ]
[Community Development ]
[Funding ]
[Grants ]
[Tourism ]
Shiloh National Military Park Boundary Adjustment and Parker's Crossroads Battlefield Designation Act (Sec. 3) This bill modifies the boundary of Shiloh National Military Park in Tennessee and Mississippi to include the Fallen Timbers Battlefield, the Russell House Battlefield, and the Davis Bridge Battlefield. The Department of the Interior may acquire such lands, which shall be administered as part of the park. (Sec. 4) The bill establishes the Parker's Crossroads Battlefield in Tennessee as an affiliated area of the National Park System. The
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Sponsored by: Sen. Marsha Blackburn
Message On House Action Received In Senate And At Desk: House Amendment To Senate Amendment. on 12/21/2018