BillCam

Taxation

Number	Legislature	Summary	Subjects
HB-6041	Federal	State and National Guard Fairness Act of 2020 This bill allows a miscellaneous itemized deduction for unreimbursed expenses incurred by members of an Armed Forces reserve component or state defense forces. Republican: 50% (1) Democrat: 50% (1) 50% Republican support 50% Democrat support	Taxation
SB-159	State (Ohio)	To amend sections 5747.02 and 5747.98 and to enact sections 901.61 and 5747.72 of the Revised Code to allow income tax credits for beginning farmers who participate in a financial management program and for businesses that sell or rent agricultural land, livestock, facilities, or equipment to beginning farmers.	Agriculture Taxation
HB-530	State (Kentucky)	Create a new section of KRS Chapter 6 to define "tax expenditure"; require a five year period for all new tax expenditures enacted after the effective date of this Act; require the Interim Joint Committee on Appropriations and Revenue to evaluate tax expenditures and make recommendations to the General Assembly. Democrat: 100% (5) 100% Democrat support	General Assembly Taxation Taxation, Income--corporate Taxation, Income--individual
HB-5996	Federal	SUN Act Sunlight for Unaccountable Non-profits Act This bill expands the disclosure requirements for certain tax-exempt organizations. It requires (1) the annual tax return information for tax-exempt organizations and deferred compensation plans to be made available to the public at no charge and in an open structured data format that is processable by computers, with the information easy to find, access, reuse, and download in bulk; and (2) the disclosure of the names and addresses of contributors of $5,000 or more to tax-exempt organizations that participate or intervene in political campaigns on behalf of, or in opposition to, any candidate for public office. The Internal Revenue Service may withhold from public inspection any Social Security account number included on Form 990 (information returns for tax-exempt organizations). Democrat: 100% (3) 100% Democrat support	Taxation
HB-6011	Federal	Affordable and Homeless Housing Incentives Act of 2020 This bill allows nonrecognition of gain, for income tax purposes, from the sale of real property to a qualified housing operator for use or development by such operator as affordable housing. The bill defines qualified housing operator to include a state or local government, a tribally designated housing entity, a community housing development organization, or a tax-exempt entity organized to provide affordable housing and which receives federal, state, or local grants to develop or operate such housing. To be eligible for nonrecognition of gain, the seller must make the property either (1) residential rental property, not less than 75% of the units of which are affordable to low-income families; or (2) a homeless shelter. Democrat: 100% (1) 100% Democrat support	Taxation
HB-510	State (Kentucky)	Establish a new subchapter under KRS Chapter 154 and create new sections thereof to allow the earn, learn, and recover tax credit in an amount up to 50% of the costs incurred by an approved company for tuition or other educational expenses paid on behalf of a qualified employee, not to exceed $2,000; create a new section of KRS Chapter 141 to allow the tax credit against the income taxes and the limited liability entity tax for taxable years beginning on or after January 1, 2020, but before January 1, 2024; amend KRS 141.0205 to order the tax credit; amend KRS 131.190 to allow the Department of Revenue to report confidential data. Republican: 100% (1) 100% Republican support	Economic Development Substance Abuse Taxation Taxation, Income--corporate Taxation, Income--individual Alcoholism
SB-250	State (Alabama)	Corporate income tax rate and financial institution excise tax rate, decreased, apportionment factor for corporate income tax rates revised, State income tax decoupled from fed. Tax Cuts and Jobs Act, electing pass-through entities, taxed at entity level, Ala. Business Tax Competitiveness Act, Secs. 40-16-1.2, 40-16-4, 40-18-31, 40-18-34, 40-18-35, 40-27-1 am'd. Republican: 100% (1) 100% Republican support	Taxation
SB-227	State (Kentucky)	Establish a Subchapter 14 under KRS Chapter 154 and create new sections thereof to allow the earn and learn tax credit in an amount up to 25% of the costs incurred by an approved company for tuition or other educational expenses paid on behalf of a qualified employee, not to exceed $1,500 and up to 50% of those costs incurred for a qualified employee in recovery, not to exceed $2,000; create a new section of KRS Chapter 141 to allow the tax credit against the income taxes and the limited liability entity tax for taxable years beginning on or after January 1, 2021, but before January 1, 2025; amend KRS 141.0205 to order the tax credit; amend KRS 131.190 to allow the Department of Revenue to report to the General Assembly. Republican: 100% (2) 100% Republican support	Economic Development Taxation Taxation, Income--corporate Taxation, Income--individual
HB-560	State (Idaho)	PROPERTY -- Amends existing law to provide for the valuation of agricultural land. Unaffiliated: 100% (1) 100% Unaffiliated support	Taxation Property
HB-353	State (Alabama)	Corporate income tax rate and financial institution excise tax rate, decreased, apportionment factor for corporate income tax rates revised, State income tax decoupled from fed. Tax Cuts and Jobs Act, electing pass-through entities, taxed at entity level, Ala. Business Tax Competitiveness Act, Secs. 40-16-1.2, 40-16-4, 40-18-31, 40-18-34, 40-18-35, 40-27-1 am'd. Republican: 100% (1) 100% Republican support	Taxation
HB-5979	Federal	Tax Deadline Uniformity Act of 2020 This bill requires individual and corporate estimated income tax to be paid on a quarterly basis. Republican: 100% (1) 100% Republican support	Taxation
HB-497	State (Kentucky)	Amend KRS 139.010 to define "commercial coal mining operation"; amend KRS 139.480 to exempt machinery, equipment, supplies, etc. purchased or leased by a coal mining operation from August 1, 2020 to July 31, 2020, and require reporting of the exemption by the Department of Revenue to the Legislative Research Commission; amend KRS 131.110 to allow the release of information from the Department of Revenue. Republican: 100% (3) 100% Republican support	Effective Dates, Delayed Minerals And Mining Taxation Taxation, Sales And Use Coal Reports Mandated
HB-5958	Federal	Senior Health Planning Account Act This bill allows tax-exempt senior health planning accounts that are funded using a taxpayer's gains from the sale or assignment of a life insurance contract. The bill excludes from gross income (1) the gains that are contributed to the accounts, and (2) distributions from the accounts that are used exclusively for the health care expenses of the account beneficiary or the account beneficiary's spouse. Democrat: 50% (1) Republican: 50% (1) 50% Democrat support 50% Republican support	Taxation
HB-5956	Federal	Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020 This bill terminates (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 funds remaining in the Presidential Election Campaign Fund to the treasury for the sole purpose of reducing the deficit. Republican: 100% (1) 100% Republican support	Taxation
HB-331	State (Alabama)	Taxation; income tax exemption for automobile tire manufacturers under certain conditions. Republican: 100% (1) 100% Republican support	Taxation
HB-318	State (Alabama)	Virtual currency, exemption from ad valorem taxation provided, Sec. 40-9-1 am'd. Republican: 100% (1) 100% Republican support	Taxation
HB-492	State (Kentucky)	For taxable years beginning on or after January 1, 2021, but before January 1, 2025, create a new section in KRS Chapter 141 to establish the community investment credit for financial institutions making loans to a community development financial institution; establish the annual credit cap at $20 million; require the Department of Revenue to report tax credit data to the Interim Joint Committee on Appropriations and Revenue; amend KRS 141.0205 to order the credit; amend KRS 131.190 to allow the Legislative Research Commission to receive confidential data about the new tax credit from the Department of Revenue. Republican: 100% (1) 100% Republican support	Taxation Taxation, Income--corporate Taxation, Income--individual
HB-478	State (Kentucky)	Create a new section of KRS Chapter 141 to allow an income tax credit for qualified home modification expenses incurred by an individual equal to the actual cost of the home modifications, up to $7,500 per taxpayer per year; require reporting by the Department of Revenue; amend KRS 141.0205 to order the tax credit; amend KRS 131.190 to allow the Department of Revenue to report information to the Interim Joint Committee on Appropriations and Revenue. Republican: 55% (5) Democrat: 44% (4) 55% Republican support 44% Democrat support	Disabilities And The Disabled Taxation Taxation, Income--individual Reports Mandated
SB-286	State (Ohio)	To amend sections 5747.08 and 5747.98 and to enact section 5747.63 of the Revised Code to authorize an income tax credit for volunteer firefighters who purchase firefighting-related safety or protective items.	Taxation Public Safety
SB-226	State (Alaska)	An Act providing a premium tax credit for flood insurance; relating to flood insurance and reinsurance; relating to property insurance; establishing the Alaska Flood Insurance Authority and fund; and providing for an effective date. Republican: 100% (1) 100% Republican support	Assessments Boards & Commissions Buildings Claims Consumer Affairs Contracts Disaster Finance Funds Insurance

Title: State and National Guard Fairness Act of 2020

Session: US Congress 116th Congress

Number: HB-6041

Subjects: Taxation

Republican: 50% (1) Democrat: 50% (1)

Title: Grant tax credits to assist beginning farmers

Session: Ohio 133rd General Assembly

Number: SB-159

Subjects: Agriculture, Taxation

Title: AN ACT relating to tax expenditures.

Session: Kentucky 2020 Regular Session

Number: HB-530

Subjects: General Assembly, Taxation, Taxation, Income--corporate, Taxation, Income--individual

Democrat: 100% (5)

Title: SUN Act Sunlight for Unaccountable Non-profits Act

Session: US Congress 116th Congress

Number: HB-5996

Subjects: Taxation

Democrat: 100% (3)

Title: Affordable and Homeless Housing Incentives Act of 2020

Session: US Congress 116th Congress

Number: HB-6011

Subjects: Taxation

Democrat: 100% (1)

Title: AN ACT relating to a new tax credit.

Session: Kentucky 2020 Regular Session

Number: HB-510

Subjects: Economic Development, Substance Abuse, Taxation, Taxation, Income--corporate, Taxation, Income--individual, Alcoholism

Republican: 100% (1)

Title: Corporate income tax rate and financial institution excise tax rate, decreased, apportionment factor for corporate income tax rates revised, State income tax decoupled from fed. Tax Cuts and Jobs Act, electing pass-through entities, taxed at entity level, Ala. Business Tax Competitiveness Act, Secs. 40-16-1.2, 40-16-4, 40-18-31, 40-18-34, 40-18-35, 40-27-1 am'd.

Session: Alabama Regular Session 2020

Number: SB-250

Subjects: Taxation

Republican: 100% (1)

Title: AN ACT relating to the earn and learn tax credit.

Session: Kentucky 2020 Regular Session

Number: SB-227

Subjects: Economic Development, Taxation, Taxation, Income--corporate, Taxation, Income--individual

Republican: 100% (2)

Title: Amends existing law to provide for the valuation of agricultural land.

Session: Idaho 2020 Regular Session

Number: HB-560

Subjects: Taxation, Property

Unaffiliated: 100% (1)

Session: Alabama Regular Session 2020

Number: HB-353

Subjects: Taxation

Republican: 100% (1)

Title: Tax Deadline Uniformity Act of 2020

Session: US Congress 116th Congress

Number: HB-5979

Subjects: Taxation

Republican: 100% (1)

Title: AN ACT relating to the coal industry.

Session: Kentucky 2020 Regular Session

Number: HB-497

Subjects: Effective Dates, Delayed, Minerals And Mining, Taxation, Taxation, Sales And Use, Coal, Reports Mandated

Republican: 100% (3)

Title: Senior Health Planning Account Act

Session: US Congress 116th Congress

Number: HB-5958

Subjects: Taxation

Democrat: 50% (1) Republican: 50% (1)

Title: Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020

Session: US Congress 116th Congress

Number: HB-5956

Subjects: Taxation

Republican: 100% (1)

Title: Taxation; income tax exemption for automobile tire manufacturers under certain conditions.

Session: Alabama Regular Session 2020

Number: HB-331

Subjects: Taxation

Republican: 100% (1)

Title: Virtual currency, exemption from ad valorem taxation provided, Sec. 40-9-1 am'd.

Session: Alabama Regular Session 2020

Number: HB-318

Subjects: Taxation

Republican: 100% (1)

Title: AN ACT relating to the community investment tax credit.

Session: Kentucky 2020 Regular Session

Number: HB-492

Subjects: Taxation, Taxation, Income--corporate, Taxation, Income--individual

Republican: 100% (1)

Title: AN ACT relating to the home modification tax credit.

Session: Kentucky 2020 Regular Session

Number: HB-478

Subjects: Disabilities And The Disabled, Taxation, Taxation, Income--individual, Reports Mandated

Republican: 55% (5) Democrat: 44% (4)

Title: Grant tax credit-volunteer firefighter buy safety equipment

Session: Ohio 133rd General Assembly

Number: SB-286

Subjects: Taxation, Public Safety

Title: Flood Insurance

Session: Alaska 31st Legislature

Number: SB-226

Subjects: Assessments, Boards & Commissions, Buildings, Claims, Consumer Affairs, Contracts, Disaster, Finance, Funds, Insurance

Republican: 100% (1)

Taxation

HB-6041

Federal

SB-159

State (Ohio)

HB-530

State (Kentucky)

HB-5996

Federal

HB-6011

Federal

HB-510

State (Kentucky)

SB-250

State (Alabama)

SB-227

State (Kentucky)

HB-560

State (Idaho)

HB-353

State (Alabama)

HB-5979

Federal

HB-497

State (Kentucky)

HB-5958

Federal

HB-5956

Federal

HB-331

State (Alabama)

HB-318

State (Alabama)

HB-492

State (Kentucky)

HB-478

State (Kentucky)

SB-286

State (Ohio)

SB-226

State (Alaska)