Search Results for keywords:"federal revenue impact"

Search Results: keywords:"federal revenue impact"

H. R. 7084 — To amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of social security benefits, and for other purposes.
💰
January 25, 2024
Status:Introduced in House
Congress:118
Words:3,821
H.R. 7084, also known as the "You Earned It, You Keep It Act," aims to change how Social Security benefits are taxed and calculated. The bill proposes repealing the tax on Social Security benefits and adjusting how wages and self-employment income above certain limits are considered for...
Simple Explanation
H.R. 7084 is a law proposal that wants to stop taxes on money from Social Security and change some rules, so people get to keep more of their money when they earn a lot. It also tries to make sure people on special programs like Medicaid and SSI don't get hurt by these changes.
H. R. 7993 — To amend the Internal Revenue Code of 1986 to reduce the rate of tax on estates, gifts, and generation-skipping transfers.
April 15, 2024
Status:Introduced in House
Congress:118
Words:736
H.R. 7993, also known as the “Estate Tax Rate Reduction Act,” seeks to amend the Internal Revenue Code of 1986 to lower the tax rate on estates, gifts, and generation-skipping transfers to 20%. The bill proposes changes to several sections of the Code to ensure consistency...
Simple Explanation
H.R. 7993 wants to make it cheaper to pass money or things to other people when someone dies or gives gifts by lowering the tax to 20%, starting from the end of 2022. This bill also says these changes won't appear on some official money records.
H. R. 8102 — To amend the Internal Revenue Code of 1986 to provide an above-the-line deduction for flood insurance premiums.
💰
April 20, 2024
Status:Introduced in House
Congress:118
Words:850
H. R. 8102, known as the "Flood Insurance Relief Act," proposes changes to the Internal Revenue Code to allow individuals to deduct flood insurance premiums from their taxable income. This deduction applies to premiums for insurance under the National Flood Insurance Program...
Simple Explanation
H. R. 8102 is a bill that would allow people to subtract flood insurance costs from their income when paying taxes, but only if they make less than $200,000 a year (or $400,000 if a couple).
H. R. 10183 — To amend the Outer Continental Shelf Lands Act and the Magnuson-Stevens Fishery Conservation and Management Act to provide for the delegation of authority to Louisiana, Mississippi, and Alabama to manage certain expanded submerged lands, and for other purposes.
November 20, 2024
Status:Introduced in House
Congress:118
Words:2,230
The Offshore Parity Act of 2024 (H.R. 10183) proposes to amend existing laws to allow Louisiana, Mississippi, and Alabama more control over certain submerged lands in the Gulf of Mexico. The bill aims to grant these states authority to manage oil, gas, and energy activities...
Simple Explanation
The Offshore Parity Act of 2024 wants to let Louisiana, Mississippi, and Alabama take charge of certain ocean areas near them to manage things like fish and energy, but they have to follow some rules. This means these states can have more control over these areas, but it might cause problems with different laws and how they work with the environment.

Showing 1 to 4 of 4 results