Taxation
West Virginia 2017 Regular Session
Reducing state income tax liability for certain retired public employees [SB-404]
[Taxes ]
[Retirement ]
[Senior Citizens ]
[Budget and Spending ]
[Pensions ]
The purpose of this bill is to add the $2,000 exemption granted beginning after December 31, 1986, to the $8,000 exemption granted to all WV citizens over the age of 65 bringing the total for retired public employees exemption to a total of $10,000.
Sponsored by: Sen. Robert H. Plymale
Filed For Introduction on 02/22/2017
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Gettr
US Congress 115th Congress
To amend the Internal Revenue Code of 1986 to provide for tax preferred savings accounts for individuals under age 26, and for other purposes. [HB-2420]
[Taxes ]
[Retirement ]
[Finance ]
[Budget and Spending ]
To amend the Internal Revenue Code of 1986 to provide for tax preferred savings accounts for individuals under age 26, and for other purposes. This bill amends the Internal Revenue Code to establish a tax-preferred individual retirement account for taxpayers under age 26, to be known as a young savers account. The bill treats such accounts as Roth individual retirement accounts for income tax purposes, with the exception of specified modifications to the rules regarding contribution limits.
Sponsored by: Rep. David Rouzer
Introduced In House on 05/11/2017
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US Congress 115th Congress
Offshore WIND Act Offshore Wind Incentives for New Development Act [S.1102]
[Energy ]
[Taxes ]
[Environmental ]
[Climate Change ]
Offshore WIND Act Offshore Wind Incentives for New Development Act This bill amends the Internal Revenue Code to expand the tax credit for investment in energy property to include a qualified offshore wind property with construction that begins before January 1, 2026. A "qualified offshore wind property" is a facility that: (1) uses wind to produce electricity; and (2) is located in the inland navigable waters of the United States including the Great Lakes, or in the coastal waters of the United States, including the territorial seas of the United
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Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Finance. on 05/11/2017
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Virginia 2017 Regular Session
Constitutional amendment; reducing assessed value of real property (first reference). [HJR-577]
[Real Estate ]
[Property Tax ]
[Taxes ]
Constitutional amendment (first resolution); real property tax; assessed value. Provides that the General Assembly may authorize any locality to reduce the assessed value of real property, until the property is sold or the owner dies, whose fair market value has increased significantly as a result of public improvements abutting the property.
Sponsored by: Rep. Mark L. Cole
Left In Privileges And Elections on 02/08/2017
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US Congress 115th Congress
Water and Agriculture Tax Reform Act of 2017 [S.1090]
[Agriculture ]
[Taxes ]
[Water ]
Water and Agriculture Tax Reform Act of 2017 This bill amends the Internal Revenue Code to permit tax-exempt mutual ditch or irrigation companies to earn income from dispositions of certain real property and stock interests without affecting their tax-exempt status, but requires that such income be used to pay the costs of operations, maintenance, and capital improvements of such a company. The bill also establishes a rule regarding the organizational governance of mutual ditch or irrigation companies. Where state law provides that such a company
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Sponsored by: Sen. Michael B. Enzi
Read Twice And Referred To The Committee On Finance. on 05/10/2017
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US Congress 115th Congress
Vested Employee Pension Benefit Protection Act [S.1080]
[Labor, Jobs, Employment ]
[Pensions ]
[Construction ]
[Retirement ]
Vested Employee Pension Benefit Protection Act This bill amends the Internal Revenue Code to allow employees in the building and construction industry who have attained age 55 and are not separated from employment to make distributions from certain tax-exempt multiemployer pension plans if they were participants in such plan on or before April 30, 2013.
Sponsored by: Sen. Claire McCaskill
Read Twice And Referred To The Committee On Finance. on 05/09/2017
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US Congress 115th Congress
Electronic Signature Standards Act of 2017 [S.1074]
[Taxes ]
[Technology and Innovation ]
Electronic Signature Standards Act of 2017 This bill amends the Internal Revenue Code to require the Internal Revenue Service to publish guidance to establish uniform standards and procedures for the acceptance of practitioner signatures in digital or other electronic form for the purposes of: (1) disclosures of tax returns and return information to a designee of the taxpayer, and (2) any power of attorney executed by the taxpayer.
Sponsored by: Sen. Rob Portman
Read Twice And Referred To The Committee On Finance. on 05/09/2017
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US Congress 115th Congress
Clean Energy for America Act [S.1068]
[Energy ]
[Taxes ]
[Climate Change ]
[Budget and Spending ]
[Environmental ]
Clean Energy for America Act This bill amends the Internal Revenue Code to modify or replace several existing energy-related tax incentives to provide consolidated tax deductions and credits for the production of or investment in clean electricity, the production of clean transportation fuels, and energy efficient homes and commercial buildings. The new tax incentives are technology-neutral and the amounts of the credits or deductions vary based on the levels of carbon emissions for the incentives for electricity and fuels or energy efficiency in
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Sponsored by: Sen. Cory A. Booker
Read Twice And Referred To The Committee On Finance. on 05/08/2017
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Texas 85th Legislature Regular Session
Relating to the selection of the board of directors of an appraisal district; authorizing the imposition of a fee. [HB-495]
[Property Tax ]
[Taxes ]
Relating to the selection of the board of directors of an appraisal district; authorizing the imposition of a fee.
Sponsored by: Rep. Dade Phelan
Read First Time on 02/16/2017
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US Congress 115th Congress
LEAP Act Leveraging and Energizing America's Apprenticeship Programs Act [HB-2399]
[Labor, Jobs, Employment ]
[Taxes ]
[Budget and Spending ]
[Small Business ]
[Education ]
LEAP Act Leveraging and Energizing America's Apprenticeship Programs Act This bill amends the Internal Revenue Code to allow employers a business-related tax credit of $1,500 for hiring an apprenticeship employee who has not attained age 25 at the close of the taxable year or $1,000 for an apprenticeship employee who has attained age 25. The bill allows such credit for no more than two taxable years with respect to any apprenticeship employee. An "apprenticeship employee" is an employee who is employed in an officially-recognized apprenticeable
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Sponsored by: Rep. Raja Krishnamoorthi
Introduced In House on 05/08/2017
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West Virginia 2017 Regular Session
Increasing amount of retirement income excluded from certain retired public employees' state personal income taxes [SB-403]
[Taxes ]
[Retirement ]
[Pensions ]
[Senior Citizens ]
[Budget and Spending ]
[Labor, Jobs, Employment ]
The purpose of this bill is to increase the amount of retirement income from public employee pensions, from $2,000 to $20,000, that is excluded from the calculation of income subject to state personal income taxes.
Sponsored by: Sen. Gregory Boso
Filed For Introduction on 02/22/2017
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Virginia 2017 Regular Session
✔
Land preservation tax credit; per taxpayer limitation. [SB-963]
[Taxes ]
[Property Tax ]
Land preservation tax credit; per taxpayer limitation. Extends to taxable year 2017 the $20,000 limit on the amount that a taxpayer may claim per year under the land preservation tax credit. The bill retains the $50,000 limit for each subsequent taxable year.
Sponsored by: Sen. Emmett W. Hanger
Governor: Approved By Governor-chapter 424 (effective 7/1/17) on 03/13/2017
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Virginia 2017 Regular Session
County food and beverage tax. [SB-956]
[Taxes ]
[Food ]
[Alcoholic Beverages ]
[Budget and Spending ]
County food and beverage tax. Increases from four percent to eight percent the maximum tax that any county is authorized to impose on food and beverages sold by a restaurant, commonly referred to as the meals tax. The bill also removes the requirement that a county hold a referendum before imposing a meals tax.
Sponsored by: Sen. Mamie E. Locke
Passed By Indefinitely In Finance (13-y 3-n) on 01/24/2017
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Texas 85th Legislature Regular Session
Relating to the calculation of the rollback tax rate of a school district. [HB-486]
[Taxes ]
[Education ]
[Property Tax ]
Relating to the calculation of the rollback tax rate of a school district.
Sponsored by: Rep. Donna Howard
Read First Time on 05/11/2017
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US Congress 115th Congress
VETERAN Act Veterans Equal Treatment Ensures Relief and Access Now Act [HB-2372]
[Healthcare ]
[Taxes ]
[Veterans ]
[Insurance ]
VETERAN Act Veterans Equal Treatment Ensures Relief and Access Now Act (Sec. 2) This bill amends the Internal Revenue Code to specify that, for the purpose of determining eligibility for the premium assistance tax credit, an individual may not be treated as eligible for coverage under certain Department of Veterans Affairs health insurance programs unless the individual is enrolled in the program. The bill applies to the premium assistance credit under current law for tax years ending after 2013 and, if the American Health Care Act of 2017 is enacted,
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Sponsored by: Rep. Robert J. Wittman
Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 301. on 02/06/2018
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Texas 85th Legislature Regular Session
Relating to an exemption from the sales tax for firearms and hunting supplies for a limited period. [HB-485]
[Firearms/Gun Control ]
[Taxes ]
[Consumer Protection ]
Relating to an exemption from the sales tax for firearms and hunting supplies for a limited period.
Sponsored by: Rep. Ryan Guillen
Read First Time on 02/16/2017
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US Congress 115th Congress
To amend the Internal Revenue Code of 1986 to include fuel cells using electromechanical processes for purposes of the energy tax credit. [HB-2394]
[Energy ]
[Taxes ]
To amend the Internal Revenue Code of 1986 to include fuel cells using electromechanical processes for purposes of the energy tax credit. This bill amends the Internal Revenue Code, with respect to the tax credit for investments in energy property, to make qualified fuel cell property (certain fuel cell power plants) that uses an electromechanical process or includes a linear generator assembly eligible for the credit.
Sponsored by: Rep. Jackie Speier
Introduced In House on 05/04/2017
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West Virginia 2017 Regular Session
Creating fixed income credit for low income senior citizens [SB-377]
[Taxes ]
[Senior Citizens ]
[Poverty ]
The purpose of this bill is to create a fixed income tax credit for low income workers; establish procedures for claiming credit; and define terms.
Sponsored by: Sen. Gregory Boso
Filed For Introduction on 02/21/2017
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US Congress 115th Congress
Dynamic Glass Act [S.1054]
[Energy ]
[Taxes ]
[Construction ]
Dynamic Glass Act This bill amends the Internal Revenue Code to specify that the use of electrochromic glass qualifies for the tax credit for investment in energy property. (Electrochromic glass is able to switch from clear to dark using a switch, sensor, timer, or similar controls.)
Sponsored by: Sen. Edward J. Markey
Read Twice And Referred To The Committee On Finance. on 05/04/2017
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West Virginia 2017 Regular Session
Requiring the Public Service Commission to create a plan within twelve months to consolidate all of the emergency communications centers [HB-2605]
[Telecommunications ]
[Public Safety ]
[Technology and Innovation ]
[Cybersecurity ]
The purpose of this bill is to require the Public Service Commission to present to the Legislature a plan to consolidate the work of all of the state’s emergency communications centers into no more than six centers, within a time certain.
Sponsored by: Rep. Ron Walters
Filed For Introduction on 02/21/2017