Taxation
US Congress 115th Congress
Save for Success Act [HB-2378]
[Education ]
[Taxes ]
[Student Loans ]
[Budget and Spending ]
Save for Success Act This bill amends the Internal Revenue Code, with respect to the American Opportunity Tax Credit for qualified tuition and related expenses, to: (1) permit up to $250 of the credit per year to be used for college savings contributions that are taken into account before tuition and fees, (2) direct the Departments of the Treasury and Education to jointly establish a pilot program to make periodic payments of the credit as educational expenses for a student are incurred during the taxable year, and (3) direct Treasury to establish
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Sponsored by: Rep. Eleanor Holmes Norton
Introduced In House on 05/04/2017
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American Renewable Fuel and Job Creation Act of 2017 [HB-2383]
[Energy ]
[Labor, Jobs, Employment ]
[Environmental ]
[Agriculture ]
American Renewable Fuel and Job Creation Act of 2017
Sponsored by: Rep. Alcee L. Hastings
Introduced In House on 05/04/2017
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US Congress 115th Congress
Private Foundation Excise Tax Simplification Act of 2017 [HB-2386]
[Taxes ]
[Budget and Spending ]
[Finance ]
[Nonprofit ]
Private Foundation Excise Tax Simplification Act of 2017 This bill amends the Internal Revenue Code to: (1) reduce from 2% to 1% the excise tax rate on the net investment income of tax-exempt private foundations, and (2) repeal the 1% reduction in such tax rate for private foundations that meet certain distribution requirements. The bill also excludes the budgetary effects of this bill from PAYGO scorecards maintained pursuant to the Statutory Pay-As-You-Go Act of 2010.
Sponsored by: Rep. Collin C. Peterson
Introduced In House on 05/04/2017
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US Congress 115th Congress
CREAATE Act Cultivating Revitalization by Expanding American Agricultural Trade and Exports Act [HB-2321]
[Agriculture ]
[Trade ]
[Food ]
CREAATE Act Cultivating Revitalization by Expanding American Agricultural Trade and Exports Act This bill amends the Agricultural Trade Act of 1978 to extend through FY2023 the Market Access Program and the Foreign Market Development Program, which are programs administered by the Department of Agriculture to promote exports of U.S. agricultural products.
Sponsored by: Rep. Sean Patrick Maloney
Introduced In House on 05/03/2017
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West Virginia 2017 Regular Session
Providing a tax credit for obtaining certain certifications by the United States Green Building Council Leadership in Energy and Environmental Design green building rating system [HB-2615]
[Taxes ]
[Construction ]
[Energy ]
[Environmental ]
[Real Estate ]
The purpose of this bill is to provide a tax credit for obtaining certain certifications by the United States Green Building Council Leadership in Energy and Environmental Design green building rating system or the Green Globes Building Initiative green building rating standard. The bill sets forth the amount of the credit, who may take the credit, the criteria for taking the credit and the amount of the credit. The bill also provides rulemaking authority and defines terms.
Sponsored by: Rep. Andrew Nelson Robinson
Filed For Introduction on 02/21/2017
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US Congress 115th Congress
Carried Interest Fairness Act of 2017 [S.1020]
[Finance ]
[Taxes ]
[Investments ]
Carried Interest Fairness Act of 2017 This bill amends the Internal Revenue Code to: (1) set forth a special rule for the inclusion in gross income of partnership interests transferred in connection with the performance of services, (2) treat as ordinary income the net capital gain with respect to an investment services partnership interest except to the extent such gain is attributable to a partner's qualified capital interest, (3) exempt income from investment services partnership interests from treatment as qualifying income of a publicly traded
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Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Finance. on 05/03/2017
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Virginia 2017 Regular Session
Sales and use tax; personal hygiene products. [HB-1593]
[Taxes ]
[Consumer Protection ]
[Public Health ]
Sales and use tax; personal hygiene products; "the dignity act." Exempts from sales and use tax toilet paper, adult diapers, and the following feminine hygiene products: sanitary napkins, tampons, sanitary towels, menstrual cups, and sanitary pads.
Sponsored by: Rep. Vivian E. Watts
Left In Finance on 02/07/2017
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Virginia 2017 Regular Session
Vehicle license fees and taxes, local; collection by counties and adjoining towns. [HB-1595]
[Taxes ]
[Transportation and Motor Vehicles ]
Local vehicle license fees and taxes. Allows counties and adjoining towns to enter into reciprocal agreements to collect each other's vehicle license fees and taxes. Currently, such collection is limited to nondelinquent license fees and taxes.
Sponsored by: Sen. Jennifer Barton Boysko
Left In Rules on 02/21/2017
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Texas 85th Legislature Regular Session
Relating to the administration of the ad valorem tax system. [SB-2]
[Taxes ]
[Property Tax ]
Relating to the administration of the ad valorem tax system.
Sponsored by: Sen. Lois Kolkhorst
Comte Report Filed With Committee Coordinator on 05/20/2017
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US Congress 115th Congress
Military Spouse Hiring Act [HB-2318]
[Military ]
[Taxes ]
[Labor, Jobs, Employment ]
[Veterans ]
[Small Business ]
[Finance ]
Military Spouse Hiring Act This bill amends the Internal Revenue Code to expand the Work Opportunity Tax Credit (WOTC) to include the hiring of a qualified military spouse. (The WOTC permits employers who hire individuals who are members of a targeted group such as qualified veterans, ex-felons, or long-term unemployment recipients to claim a tax credit equal to a portion of the wages paid to those individuals.) A "qualified military spouse" is any individual who is certified by the designated local agency as being (as of the hiring date) a spouse
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Sponsored by: Rep. James P. McGovern
Introduced In House on 05/03/2017
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US Congress 115th Congress
United States Library Trust Fund Act [HB-2343]
[Libraries ]
[Taxes ]
[Education ]
[Funding ]
[Grants ]
United States Library Trust Fund Act This bill amends the Internal Revenue Code to: (1) establish in the Treasury the United States Library Trust Fund, and (2) allow taxpayers to designate a portion of any tax overpayment (not less than $1) to the fund. The bill also authorizes public libraries or public school libraries to receive grants from the fund.
Sponsored by: Rep. Jose E. Serrano
Introduced In House on 05/03/2017
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Virginia 2017 Regular Session
Made in Appalachia Initiative; refundable tax credits. [HB-1581]
[Taxes ]
[Economic Development ]
[Manufacturing ]
[Small Business ]
[Labor, Jobs, Employment ]
[Community Development ]
[Budget and Spending ]
Made in Appalachia tax credits. Establishes beginning in taxable year 2017 refundable tax credits for certain investments in the localities of the Appalachian region. The bill defines the "Appalachian region" to include the localities of the Cumberland Plateau, LENOWISCO, and Mount Rogers planning districts. Any person may claim a credit in the amount of (i) 10 percent of any capital investment in the Appalachian region, (ii) $6,000 per full-time job created in the Appalachian region that pays at or above the locality's median wage, and (iii) the
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Sponsored by: Rep. Israel D. O'Quinn
Left In Finance on 02/07/2017
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West Virginia 2017 Regular Session
Relating to tax on bottled soft drinks [SB-385]
[Taxes ]
[Healthcare ]
[Budget and Spending ]
[Public Health ]
The purpose of this bill is to change the structure of the tax on bottled soft drinks to 1¢ per ounce and to rededicate the proceeds to all three medical schools in the state.
Sponsored by: Sen. Ron Stollings
Filed For Introduction on 02/21/2017
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West Virginia 2017 Regular Session
Relating to definition of "managed timberland" [SB-384]
[Real Estate ]
The purpose of this bill is to exclude from the definition of managed timberland any tract or parcel of real estate that is being leased by the owner to another party for monetary gain. The subsections have been placed in alphabetical order.
Sponsored by: Sen. Gregory Boso
Filed For Introduction on 02/21/2017
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US Congress 115th Congress
Faith in Health Savings Accounts Act of 2017 [HB-2310]
[Healthcare ]
[Taxes ]
[Insurance ]
Faith in Health Savings Accounts Act of 2017 This bill amends the Internal Revenue Code to treat membership in a tax-exempt health care sharing ministry as coverage under a high deductible health plan for purposes of the tax deduction for contributions to a health savings account.
Sponsored by: Rep. Alexander Mooney
Introduced In House on 05/03/2017
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Texas 85th Legislature Regular Session
✔
Relating to the confidentiality of certain home address information in ad valorem tax appraisal records. [HB-457]
[Property Tax ]
[Real Estate ]
[Taxes ]
[Data Privacy ]
Relating to the confidentiality of certain home address information in ad valorem tax appraisal records.
Sponsored by: Sen. Drew Springer
Signed By The Governor on 06/15/2017
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Texas 85th Legislature Regular Session
✔
Relating to the authority of a property owner to participate by telephone conference call at a protest hearing by an appraisal review board. [HB-455]
[Property Tax ]
[Real Estate ]
Relating to the authority of a property owner to participate by telephone conference call at a protest hearing by an appraisal review board.
Sponsored by: Rep. Jim Murphy
Signed By The Governor on 05/23/2017
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US Congress 115th Congress
Capital Access for Small Business Banks Act [HB-2339]
[Finance ]
[Taxes ]
[Small Business ]
Capital Access for Small Business Banks Act This bill amends the Internal Revenue Code to allow a bank or a depository institution holding company which is an S corporation to: (1) have 500 shareholders (the current limit is 100 shareholders), and (2) issue qualified preferred bank stock. The bill makes a distribution of qualified preferred bank stock to a shareholder includible in the gross income of the shareholder and allows the bank or holding company to deduct the amount of such distribution.
Sponsored by: Rep. Lynn Jenkins
Introduced In House on 05/03/2017
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US Congress 115th Congress
Putting Main Street FIRST Act Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act [HB-2306]
[Finance ]
[Taxes ]
[Small Business ]
[Trade ]
[Investments ]
Putting Main Street FIRST Act Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act This bill amends the Internal Revenue Code to impose a .03% excise tax on the purchase of a security if: (1) such purchase occurs on, or is subject to the rules of, a qualified board or exchange located in the United States; or (2) the purchaser or seller is a U.S. person. A "security" includes: (1) any share of stock in a corporation, (2) any partnership or beneficial ownership interest in a partnership or trust; (3) any note, bond,
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Sponsored by: Rep. Raul M. Grijalva
Introduced In House on 05/03/2017
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US Congress 115th Congress
SERVE Act Seeking an End to Restrictions on Votive Employees Act [HB-2341]
[Retirement ]
[Pensions ]
[Religion ]
[Taxes ]
SERVE Act Seeking an End to Restrictions on Votive Employees Act This bill amends the Internal Revenue Code to specify that a retirement income account provided by a church or a convention or association of churches may cover: (1) a duly ordained, commissioned, or licensed minister of a church in the exercise of his ministry, regardless of the source of his compensation; (2) an employee of a tax-exempt organization, whether a civil law corporation or otherwise, that is controlled by or associated with a church or a convention or association of churches;
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Sponsored by: Rep. Barbara Comstock
Introduced In House on 05/03/2017