Taxation
Texas 85th Legislature Regular Session
Relating to the exemption from ad valorem taxation of real property leased to and used by certain schools. [HB-382]
[Property Tax ]
[Taxes ]
[Real Estate ]
[Education ]
Relating to the exemption from ad valorem taxation of real property leased to and used by certain schools.
Sponsored by: Rep. Richard Raymond
Committee Report Sent To Calendars on 04/26/2017
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Gettr Texas 85th Legislature Regular Session
Relating to a sales and use tax exemption for child and adult diapers. [HB-221]
[Taxes ]
[Consumer Protection ]
[Family-Related Legislation ]
[Children and Youth ]
[Senior Citizens ]
Relating to a sales and use tax exemption for child and adult diapers.
Sponsored by: Rep. Donna Howard
Read First Time on 02/13/2017
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Virginia 2017 Regular Session
Income tax, state; creates a deduction for small business owners. [SB-849]
[Taxes ]
[Small Business ]
[Labor, Jobs, Employment ]
[Economic Development ]
Virginia taxable income; deduction for small business owners. Creates an income tax deduction for taxable years beginning on and after January 1, 2017, for income attributable to the ownership and operation of a small business. For purposes of the deduction, a small business is defined as a business that has its primary place of business in the Commonwealth, generates less than $100,000 of taxable income in the taxable year, and has fewer than 50 employees. A small business owner would only be eligible to take the deduction for the first five years
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Sponsored by: Sen. Amanda Chase
Passed By Indefinitely In Finance (15-y 1-n) on 01/24/2017
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Texas 85th Legislature Regular Session
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of a residence homestead for ad valorem tax purposes to 105 percent or less of the appraised value of the property for the preceding tax year and to permit the voters of a county to establish a higher limitation not to exceed 110 percent on the maximum appraised value of a residence homestead in the county. [SJR-19]
[Property Tax ]
[Taxes ]
[Housing ]
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of a residence homestead for ad valorem tax purposes to 105 percent or less of the appraised value of the property for the preceding tax year and to permit the voters of a county to establish a higher limitation not to exceed 110 percent on the maximum appraised value of a residence homestead in the county.
Sponsored by: Sen. Robert Nichols
Read First Time on 01/30/2017
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West Virginia 2017 Regular Session
Establishing tax credit for certain physicians who locate in WV to practice [SB-250]
[Healthcare ]
[Taxes ]
[Economic Development ]
The purpose of this bill is to establish a tax credit for physicians who are new graduates and locate in West Virginia to practice medicine for at least six years.
Sponsored by: Sen. Ron Stollings
Filed For Introduction on 02/10/2017
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West Virginia 2017 Regular Session
Establishing procedures concerning delinquent personal income taxes [SB-232]
[Taxes ]
The purpose of this bill is to establish procedures concerning delinquent personal income taxes.
Sponsored by: Sen. Mike Hall
Filed For Introduction on 02/09/2017
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Texas 85th Legislature Regular Session
Relating to the exemption from ad valorem taxation of part of the appraised value of the residence homestead of a partially disabled veteran or the surviving spouse of a partially disabled veteran if the residence homestead was donated to the disabled veteran by a charitable organization for less than the market value of the residence homestead. [SB-240]
[Taxes ]
[Veterans ]
[Property Tax ]
[Housing ]
Relating to the exemption from ad valorem taxation of part of the appraised value of the residence homestead of a partially disabled veteran or the surviving spouse of a partially disabled veteran if the residence homestead was donated to the disabled veteran by a charitable organization for less than the market value of the residence homestead.
Sponsored by: Sen. Charles Creighton
Read First Time on 01/30/2017
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Texas 85th Legislature Regular Session
Relating to the calculation of the ad valorem rollback tax rate of a taxing unit. [HB-345]
[Property Tax ]
[Taxes ]
Relating to the calculation of the ad valorem rollback tax rate of a taxing unit.
Sponsored by: Rep. Terry Canales
Read First Time on 02/15/2017
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US Congress 115th Congress
Corporate EXIT Fairness Act Corporate EXpatriates and Inverters Tax Fairness Act [HB-1931]
[Taxes ]
[Trade ]
[International ]
[Finance ]
[Small Business ]
Corporate EXIT Fairness Act Corporate EXpatriates and Inverters Tax Fairness Act This bill amends the Internal Revenue Code to set forth rules governing corporate inversions (i.e., the practice of relocating a domestic corporation's legal domicile to a lower-tax nation while retaining its business activities in the higher-tax country of origin) and corporate expatriations. Specifically, the bill requires payment of tax on the deferred overseas profits of U.S. multinational corporations or partnerships before they reincorporate or organize in a foreign
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 04/05/2017
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Texas 85th Legislature Regular Session
Relating to the exemption from ad valorem taxation of mineral interests having a value of less than a certain amount. [HB-302]
[Taxes ]
[Mining ]
[Property Tax ]
Relating to the exemption from ad valorem taxation of mineral interests having a value of less than a certain amount.
Sponsored by: Rep. Craig Goldman
Read First Time on 02/15/2017
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West Virginia 2017 Regular Session
Increasing tax credits allowed for rehabilitation of certified historic structures [SB-238]
[Taxes ]
[Construction ]
[Real Estate ]
[Economic Development ]
[Property Tax ]
The purpose of this bill is to increase the tax credits allowed for rehabilitation of certified historic structures.
Sponsored by: Sen. Ryan Ferns
House Received Senate Message on 04/08/2017
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US Congress 115th Congress
President-Elect Release of Tax Return Act of 2017 [HB-1938]
[Taxes ]
[Elections ]
[Ethics ]
President-Elect Release of Tax Return Act of 2017 This bill requires the President-elect to submit a copy of each federal income tax return filed with the Internal Revenue Service (IRS) for the four most recent taxable years to the chairs and ranking minority members of: (1) the House Administration Committee, and (2) the Senate Rules Committee. The returns must be submitted no later than the date of the meeting of the Senate and House of Representatives to count the electoral votes for President and Vice President. The bill amends the Internal
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Sponsored by: Rep. Dan Newhouse
Introduced In House on 04/05/2017
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Virginia 2017 Regular Session
Income tax, individual and corporate; small business job creation tax credit. [HB-1439]
[Taxes ]
[Small Business ]
[Labor, Jobs, Employment ]
[Economic Development ]
Income tax; small business job creation tax credit. Provides a personal and corporate income tax credit in the amount of $1,500 for each job, as defined in the bill, created by a small business, for taxable years beginning on or after January 1, 2017, but before January 1, 2022.
Sponsored by: Sen. Chris Head
Left In Finance on 02/07/2017
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US Congress 115th Congress
ABLE to Work Act of 2017 [S.818]
[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: Sen. Robert Casey
Read Twice And Referred To The Committee On Finance. on 04/04/2017
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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
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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
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Sponsored by: Rep. Luke Messer
Referred To The Subcommittee On Social Security. on 04/17/2017
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Texas 85th Legislature Regular Session
Proposing a constitutional amendment prohibiting the taxation of the sale or use of certain prescription medicine. [HJR-19]
[Taxes ]
[Healthcare ]
[Pharmaceuticals ]
Proposing a constitutional amendment prohibiting the taxation of the sale or use of certain prescription medicine.
Sponsored by: Rep. Richard Raymond
Read First Time on 03/20/2017
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Texas 85th Legislature Regular Session
Relating to the authority of an appraisal district to increase the appraised value of property for ad valorem tax purposes in the tax year following a year in which the appraised value of the property is lowered as a result of an agreement, protest, or appeal. [HB-301]
[Property Tax ]
[Taxes ]
Relating to the authority of an appraisal district to increase the appraised value of property for ad valorem tax purposes in the tax year following a year in which the appraised value of the property is lowered as a result of an agreement, protest, or appeal.
Sponsored by: Rep. Lyle Larson
Scheduled For Public Hearing On . . . on 04/26/2017
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Virginia 2017 Regular Session
License taxes; if locality imposes tax upon business, tax shall be based upon Va. taxable income. [SB-836]
[Taxes ]
[Small Business ]
[Economic Development ]
License taxes; Virginia taxable income. Provides that if a locality imposes a license tax upon a business, the tax shall be based upon the Virginia taxable income of the business. Current law allows a locality to impose the tax upon gross receipts or Virginia taxable income.
Sponsored by: Sen. Richard Black
Passed By Indefinitely In Finance (15-y 1-n) on 01/24/2017
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Virginia 2017 Regular Session
Income tax, corporate; lowers tax rate to 2.5 percent. [SB-835]
[Taxes ]
[Finance ]
Corporate income tax; rate of taxation. Lowers the corporate income tax rate from six percent to 2.5 percent for taxable years beginning on or after January 1, 2017.
Sponsored by: Sen. Amanda Chase
Passed By Indefinitely In Finance (15-y 1-n) on 01/24/2017