Search Results for keywords:"internal revenue code amendment"

Search Results: keywords:"internal revenue code amendment"

H. R. 7458 — To amend the Internal Revenue Code of 1986 to establish the Made in the U.S.A. tax credit.
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February 26, 2024
Status:Introduced in House
Congress:118
Words:1,286
H.R. 7458 aims to amend the Internal Revenue Code to create the "Made in the U.S.A. tax credit" which offers a tax credit to eligible taxpayers for purchasing American-made products. Eligible individuals can receive a credit up to 30% of their qualified expenditures, with limits of $2,500 for...
Simple Explanation
The Made in the U.S.A. tax credit is a new rule that lets people get some money back on their taxes when they buy things made in America, but not if they buy cars, fancy items, or things like alcohol or guns. It's easier to use if you buy products that save energy, but people with a lot of money can't get this credit.
H. RES. 1430 — Providing for consideration of the bill (H.R. 1398) to establish the CCP Initiative program, and for other purposes; providing for consideration of the bill (H.R. 1425) to require any convention, agreement, or other international instrument on pandemic prevention, preparedness, and response reached by the World Health Assembly to be subject to Senate ratification; providing for consideration of the bill (H.R. 1516) to establish Department of Homeland Security funding restrictions on institutions of higher education that have a relationship with Confucius Institutes, and for other purposes; providing for consideration of the bill (H.R. 7980) to amend the Internal Revenue Code of 1986 to exclude vehicles the batteries of which contain materials sourced from prohibited foreign entities from the clean vehicle credit; providing for consideration of the bill (H.R. 9456) to amend the Defense Production Act of 1950 with respect to foreign investments in United States agriculture, and for other purposes; and providing for consideration of the bill (H.R. 9494) making continuing appropriations for fiscal year 2025, and for other purposes.
September 10, 2024
Status:Engrossed in House
Congress:118
Words:1,871
H. RES. 1430 outlines the procedures for the House of Representatives to consider several bills. These bills include establishing the CCP Initiative program, requiring Senate approval for international pandemic agreements from the World Health Assembly, limiting Department of...
Simple Explanation
In this decision, the people in charge are figuring out how to talk about new rules for things like foreign rules about health, cars, and schools. They want to make sure everyone knows what these new rules are and how they will work before agreeing to them.
S. 4549 — To amend the Internal Revenue Code of 1986 to require additional information on math and clerical error notices.
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June 13, 2024
Status:Introduced in Senate
Congress:118
Words:1,161
The IRS MATH Act of 2024 aims to improve the clarity of notices sent to taxpayers regarding math or clerical errors on their tax returns. The bill proposes changes to the Internal Revenue Code requiring that error notices include specific details about the error, a clear...
Simple Explanation
The IRS MATH Act of 2024 wants to make letters from the IRS easier to understand by giving more details when someone’s taxes have a mistake, and they will try out sending these letters in a special way to see if more people will respond.
H. R. 8201 — To amend the Internal Revenue Code of 1986 to lower the corporate tax rate for small businesses and close the carried interest loophole, and for other purposes.
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May 01, 2024
Status:Introduced in House
Congress:118
Words:8,983
H.R. 8201, titled the "Small Business Tax Relief Act," aims to amend the Internal Revenue Code of 1986 by lowering the corporate tax rate for small businesses with taxable income up to $5 million. The bill also seeks to address the carried interest loophole by treating...
Simple Explanation
This bill wants to help small companies pay less in taxes and make sure rich money managers pay taxes just like everyone else, while also making it a bit more costly for big companies to buy back their own stock.
H. R. 8504 — To amend the Internal Revenue Code of 1986 to establish the critical supply chains reshoring investment tax credit.
May 22, 2024
Status:Introduced in House
Congress:118
Words:990
The bill H. R. 8504 proposes an amendment to the Internal Revenue Code of 1986 to introduce a tax credit aimed at encouraging the reshoring of critical supply chain facilities back to the United States. This tax credit would cover 40% of the investment made in property that...
Simple Explanation
The bill wants to give a big tax break to companies that build or improve factories in certain parts of the U.S., like Puerto Rico, to make important things, such as medicines and computer chips, so that these items are made closer to home.
H. R. 8016 — To exclude the Arizona Families Tax Rebate from Federal income tax.
April 16, 2024
Status:Introduced in House
Congress:118
Words:215
H.R. 8016 aims to amend the Internal Revenue Code to allow individuals to exclude the Arizona Families Tax Rebate from their federal gross income, meaning they won't have to pay federal taxes on this rebate. This applies to payments made under Arizona Senate Bill 1734 and...
Simple Explanation
H.R. 8016 is a suggestion for a new rule that says people in Arizona won't have to pay U.S. taxes on a special money gift (called the Arizona Families Tax Rebate) they got in 2023.
S. 4326 — To amend the Internal Revenue Code of 1986 to modify the penalties relating to the disclosure of tax return information relating to contributors to certain tax-exempt organizations, and for other purposes.
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May 14, 2024
Status:Introduced in Senate
Congress:118
Words:836
S. 4326 aims to amend the Internal Revenue Code of 1986 by increasing the penalties for unauthorized disclosure of tax return information concerning contributors to certain tax-exempt organizations. The bill proposes a higher minimum penalty for disclosing information from...
Simple Explanation
S. 4326 is a bill that wants to make the rules stricter for keeping certain people's donation secrets safe from being told to others by punishing those who reveal them with big fines.
S. 5204 — To amend the Internal Revenue Code of 1986 to increase the limitations for deductible new business expenditures, to consolidate provisions for start-up and organizational expenditures, and for other purposes.
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September 25, 2024
Status:Introduced in Senate
Congress:118
Words:1,512
The Tax Relief for New Businesses Act (S. 5204) amends the Internal Revenue Code to make it easier for new businesses to manage their initial costs. It consolidates the rules regarding start-up and organizational expenses, allowing these expenses to be deducted together. The...
Simple Explanation
The Tax Relief for New Businesses Act wants to help new businesses by letting them count more of their starting costs when figuring out their taxes, which means they could save more money at the beginning and use it to help the business grow. It's like saying they can count more of the things they buy first to make their business stronger and less worried about money.
H. R. 9431 — To amend the Internal Revenue Code of 1986 to exclude from gross income the discharge of indebtedness of certain individuals who are unlawfully or wrongfully detained abroad.
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August 30, 2024
Status:Introduced in House
Congress:118
Words:739
H. R. 9431 aims to amend the Internal Revenue Code of 1986 to allow individuals who are unlawfully or wrongfully detained abroad to exclude certain forgiven debts from their taxable income. The bill identifies a "wrongfully detained abroad individual" as a U.S. national...
Simple Explanation
H. R. 9431 wants to help people who are unfairly stuck in another country by letting them ignore some of their forgiven debts when paying taxes, but the rules might be confusing and may not help enough with big money problems.
S. 4398 — To amend the Internal Revenue Code of 1986 to provide for a microemployer pension plan startup credit.
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May 23, 2024
Status:Introduced in Senate
Congress:118
Words:351
S. 4398 aims to change the Internal Revenue Code of 1986 to offer tax credits to small businesses, or "microemployers," that start pension plans for their employees. The bill would increase the credit from 50% to 100% for qualifying microemployers and raise the maximum credit from $500 to...
Simple Explanation
The bill S. 4398 is about giving very small businesses with 10 or fewer employees a bigger money-saving benefit when they start a pension plan for their workers, changing the old rule so they can get back more money—up to $2,500 instead of $500—from the government for doing this.
H. R. 9844 — To amend the Internal Revenue Code of 1986 to increase the standard charitable mileage rate for delivery of meals to elderly, disabled, frail, and at-risk individuals.
September 25, 2024
Status:Introduced in House
Congress:118
Words:320
H.R. 9844, titled the “Delivering Elderly Lunches and Increasing Volunteer Engagement and Reimbursements Act of 2024” or the “DELIVER Act of 2024,” aims to amend the Internal Revenue Code of 1986. The bill proposes to increase the standard charitable mileage rate to match the...
Simple Explanation
The DELIVER Act of 2024 is a plan to make sure people who drive their cars to bring food to older or sick people can get some money back for their car trips, just like they do when they drive for work. This is to help encourage more people to volunteer and help those in need.
H. R. 7407 — To amend the Internal Revenue Code of 1986 to provide a credit to certain small employers for the startup costs of dependent care flexible spending plans.
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February 16, 2024
Status:Introduced in House
Congress:118
Words:1,071
H.R. 7407, also known as the “Small Business Dependent Care FSA Opportunity Act,” aims to amend the Internal Revenue Code to offer a tax credit to small employers. This credit is intended to cover the startup costs associated with creating dependent care flexible spending plans for their...
Simple Explanation
H.R. 7407 wants to help small businesses by giving them money back if they start new programs where employees can save money to help pay for taking care of their children. The rules are a bit tricky and have some limits and conditions on who can get the money and how much.
S. 3459 — To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for attorney fees and costs in connection with consumer claim awards.
December 11, 2023
Status:Introduced in Senate
Congress:118
Words:771
The bill S. 3459 seeks to amend the Internal Revenue Code of 1986 to allow people to deduct attorney fees and court costs from their taxable income if they win consumer claim awards. It defines what a "consumer protection violation" is by listing laws that protect consumers,...
Simple Explanation
The bill wants to change the tax rules so that if someone wins money in a case about being treated unfairly as a shopper, they can pay their lawyer and other costs before counting the money they won as something they have to pay taxes on.
H. R. 8306 — To provide that silencers be treated the same as firearms accessories.
May 08, 2024
Status:Introduced in House
Congress:118
Words:845
H.R. 8306, known as the "Silencers Help Us Save Hearing Act" or "SHUSH Act," proposes that silencers be treated the same as other firearms accessories under U.S. law. The bill suggests modifying the Internal Revenue Code and the United States Code to eliminate additional taxes, registration,...
Simple Explanation
H.R. 8306 is a bill that wants to make silencers, which are tools that make guns quieter, easier to buy and use just like other gun parts, without extra rules or taxes. It would also stop states from making their own special rules about silencers.
H. R. 9411 — To amend the Internal Revenue Code of 1986 to create an above the line deduction for certain homeowners insurance premiums.
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August 27, 2024
Status:Introduced in House
Congress:118
Words:469
H.R. 9411 is a bill introduced in the House of Representatives on August 27, 2024, aiming to amend the Internal Revenue Code of 1986. The proposed amendment intends to establish an above-the-line deduction for homeowners, allowing them to deduct up to $10,000 of qualified...
Simple Explanation
H.R. 9411 is a proposed law that would let people lower the amount of money they pay taxes on by taking off up to $10,000 of what they spend on insurance for their main house each year.
H. R. 8540 — To amend the Internal Revenue Code of 1986 to enhance the employer-provided child care credit.
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May 23, 2024
Status:Introduced in House
Congress:118
Words:946
H.R. 8540, titled the "Child Care for American Families Act," aims to amend the Internal Revenue Code to increase the tax credit for employer-provided child care. Under this bill, the credit percentage will rise to 40%, with even higher rates of 50% for small businesses and...
Simple Explanation
H.R. 8540 is like giving big stickers to businesses that help take care of kids for their workers, letting them get even bigger rewards if they’re small businesses or in special places, while making sure everyone knows about it.
H. R. 7749 — To amend the Internal Revenue Code of 1986 to impose a tax on the net value of assets of a taxpayer, and for other purposes.
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March 20, 2024
Status:Introduced in House
Congress:118
Words:4,622
H.R. 7749, titled the "Ultra-Millionaire Tax Act of 2024," aims to amend the Internal Revenue Code of 1986 by introducing a tax on the net value of a taxpayer's assets. The bill sets tax rates ranging from 2% to 6%, depending on the asset value, with special considerations...
Simple Explanation
H.R. 7749, known as the "Ultra-Millionaire Tax Act of 2024," is a plan to make very rich people pay extra taxes on their treasures, helping improve the IRS's ability to collect and manage these taxes by giving them more money to do their job better.
H. R. 6913 — To amend the Federal Election Campaign Act of 1971 to require corporations to disclose to their shareholders the amounts disbursed for certain political activity, and for other purposes.
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January 09, 2024
Status:Introduced in House
Congress:118
Words:1,684
H.R. 6913, also known as the “Openness in Political Expenditures Now Act” or the “OPEN Act,” seeks to amend the Federal Election Campaign Act of 1971. The bill requires corporations to disclose to their shareholders the amounts they spend on certain political activities,...
Simple Explanation
The OPEN Act wants companies to tell their owners how much money they spend on politics and certain types of ads, and to make sure they follow rules to avoid spending too much, like setting limits for special organizations.
H. R. 10280 — To amend the Internal Revenue Code of 1986 to exclude certain health professions education scholarship and loan payments from gross income.
December 03, 2024
Status:Introduced in House
Congress:118
Words:445
The bill H.R. 10280 seeks to change the Internal Revenue Code of 1986 to make certain health profession education scholarship and loan payments non-taxable. It specifies that amounts received from specific loan repayment and scholarship programs intended to support health...
Simple Explanation
The bill H.R. 10280 would change the rules so that money given to help students become healthcare workers doesn't count as income for taxes, making it easier and cheaper for them to work in places where doctors and nurses are needed the most.
S. 5194 — To amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit for coverage under a qualified health plan.
September 25, 2024
Status:Introduced in Senate
Congress:118
Words:640
The Health Care Affordability Act of 2024 aims to expand eligibility for a tax credit under the Internal Revenue Code for those purchasing health insurance through qualified health plans. It removes the upper limit of 400% of the poverty line for eligibility, allowing...
Simple Explanation
The Health Care Affordability Act of 2024 wants to help more people pay for health insurance by letting even those who make more money get a special kind of tax help. Starting in 2026, people will pay different amounts depending on how much money they make, so that everyone can afford to be healthy.
S. 5296 — To amend the Internal Revenue Code of 1986 to provide for Residential Emergency Asset-accumulation Deferred Taxation Yield (READY) accounts.
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November 12, 2024
Status:Introduced in Senate
Congress:118
Words:3,881
S. 5296, titled the “READY Accounts Act,” aims to amend the Internal Revenue Code to establish Residential Emergency Asset-accumulation Deferred Taxation Yield (READY) accounts. These accounts are designed to help individuals save money specifically for home disaster...
Simple Explanation
The READY Accounts Act is like a special piggy bank where people can save up to $4,500 a year for home repairs to protect their houses from storms or other natural disasters, and they can save money on their taxes by using this piggy bank. If they use the money for anything else, they have to pay extra taxes as a penalty.
H. R. 8194 — To amend the Internal Revenue Code of 1986 to exclude compensation from secondary employment for certain taxpayers from the income tax and payroll taxes.
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May 01, 2024
Status:Introduced in House
Congress:118
Words:991
The proposed bill, H. R. 8194, aims to change the tax rules so that people with second jobs don't have to pay income or payroll taxes on money earned from those jobs, as long as they meet certain criteria. It allows taxpayers to select a "primary employer" to determine...
Simple Explanation
The bill wants to change the rules so that if someone has a second job, they won’t have to pay certain taxes on the money they earn from it unless they earn a lot overall. This change would only last for five years, and the government plans to make sure important funds, like those for Social Security, won't lose any money because of this change.
S. 3680 — To amend the Internal Revenue Code of 1986 to enhance the paid family and medical leave credit, and for other purposes.
January 30, 2024
Status:Introduced in Senate
Congress:118
Words:1,320
The bill, S. 3680, aims to amend the Internal Revenue Code of 1986 to enhance the paid family and medical leave tax credit. It allows eligible employers to choose how the credit is calculated—either based on wages paid to employees on leave or the cost of insurance premiums...
Simple Explanation
The bill wants to change the tax rules to help businesses that let their workers take time off to care for their families or for sickness. It also plans to teach businesses more about these tax benefits, but figuring out the new rules might be tricky for some.
H. R. 9799 — To amend the Internal Revenue Code of 1986 to establish a deduction for certain overtime payments.
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September 25, 2024
Status:Introduced in House
Congress:118
Words:788
H.R. 9799, titled the “Overtime Pay Tax Relief Act of 2024,” aims to amend the Internal Revenue Code of 1986 to allow workers to deduct a portion of their overtime earnings from their taxes. This deduction would be limited to 20% of the individual's other wages and is not available for those...
Simple Explanation
H.R. 9799 is a bill that wants to let people pay less tax when they work overtime by allowing them to count some of the extra money they earn as not taxable, but this only works if they make less than certain amounts of money. It lasts until the end of 2029 and aims to help people save on their taxes when working extra hours.
H. R. 9333 — To amend the Internal Revenue Code of 1986 to provide an income tax credit for the costs of certain fertility treatments.
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August 09, 2024
Status:Introduced in House
Congress:118
Words:672
H.R. 9333, titled the "IVF for Families Act," proposes an amendment to the Internal Revenue Code of 1986 to introduce a tax credit for expenses related to certain fertility treatments. This bill aims to help individuals by providing a credit of up to $15,000 per year for qualified fertility...
Simple Explanation
The "IVF for Families Act" is a new plan that gives people money back on their taxes to help pay for treatments that help them have babies. This plan lets people get back up to $15,000 each year for certain medical treatments to help with having a baby.
H. R. 10182 — To amend the Internal Revenue Code of 1986 to waive the 10-percent additional tax on early distributions from qualified retirement plans in the case of withdrawals for family caregiving expenses.
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November 20, 2024
Status:Introduced in House
Congress:118
Words:1,520
H.R. 10182, introduced on November 20, 2024, aims to amend the Internal Revenue Code to allow people to take money from their retirement plans early without paying the extra 10% tax, specifically for covering family caregiving expenses. The bill defines qualified family caregiving...
Simple Explanation
H.R. 10182 is a bill that would let people take money out of their retirement savings early, without paying an extra tax, to help them pay for taking care of their family members, like if they need special equipment or a helper, but they can only do this up to $10,000.
H. R. 10328 — To amend the Internal Revenue Code of 1986 to allow taxpayers to designate overpayments of tax as contributions and to make additional contributions to the Homeless Veterans Assistance Fund, and for other purposes.
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December 06, 2024
Status:Introduced in House
Congress:118
Words:1,242
H.R. 10328, known as the “Homeless Veterans Assistance Fund Act of 2024,” proposes changes to the Internal Revenue Code to allow taxpayers to contribute overpayments of their taxes and additional donations to the Homeless Veterans Assistance Fund. This fund, managed by the Department of...
Simple Explanation
H.R. 10328 is a bill that lets people use their extra tax money to help homeless veterans by donating it to a special fund, but there are some questions about how the money will be used and how people can donate without getting confused.
S. 5177 — To amend the Internal Revenue Code of 1986 to increase the standard charitable mileage rate for delivery of meals to elderly, disabled, frail, and at-risk individuals.
September 25, 2024
Status:Introduced in Senate
Congress:118
Words:322
S. 5177, also known as the "Delivering Elderly Lunches and Increasing Volunteer Engagement and Reimbursements Act of 2024" or "DELIVER Act of 2024," aims to change the Internal Revenue Code of 1986. It proposes to increase the mileage rate for volunteers delivering meals to...
Simple Explanation
S. 5177, called the "DELIVER Act of 2024," is a plan to help volunteers who drive to deliver food to people who need it, like older or sick people, by giving them more money for gas. It wants to make sure that volunteers get the same amount of money for each mile they drive as people who drive for work.
H. R. 10302 — To amend the Internal Revenue Code to allow employers to contribute to ABLE accounts in lieu of retirement plan contributions.
December 05, 2024
Status:Introduced in House
Congress:118
Words:1,148
H.R. 10302 seeks to amend the Internal Revenue Code to allow employers to contribute to ABLE accounts instead of making contributions to retirement plans. This change means that employees eligible for ABLE accounts can opt for their employer's contributions to go into their...
Simple Explanation
H.R. 10302 would let employers put money into special savings accounts for workers with disabilities instead of their retirement plans, making sure such deposits won't mess up the usual rules for saving for the future.
H. R. 8915 — To amend the Internal Revenue Code of 1986 to expand the expenses treated as qualified higher education expenses for purposes of 529 accounts to include additional elementary and secondary school expenses and certain postsecondary credentialing expenses.
July 02, 2024
Status:Introduced in House
Congress:118
Words:1,274
H.R. 8915 aims to change the Internal Revenue Code so that more school-related expenses can be paid for with 529 accounts, which are savings plans for education. This bill proposes that costs related to elementary and secondary school education, as well as certain expenses...
Simple Explanation
This bill wants to let people use special savings accounts called 529 accounts to pay for more types of school costs, like some extra school activities and job training classes.
S. 4642 — To amend the Internal Revenue Code of 1986 to impose an income tax on excess profits of certain corporations.
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July 09, 2024
Status:Introduced in Senate
Congress:118
Words:1,384
S. 4642 proposes changes to the Internal Revenue Code of 1986 to introduce a tax on excess profits for certain large corporations. It defines "excess profits" as the amount by which the corporation's taxable income for a given year exceeds the average inflation-adjusted...
Simple Explanation
S. 4642 is a proposed rule that wants big companies making lots of extra money to pay more taxes, like if a kid who gets a lot of new toys has to share some with others. It only affects very big companies earning lots, and it will stop at the end of 2026.
H. R. 9141 — To amend the Internal Revenue Code of 1986 to expand eligibility for health savings accounts, and for other purposes.
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July 25, 2024
Status:Introduced in House
Congress:118
Words:894
H.R. 9141, titled the "Increasing Value for Families with HSAs Act of 2024," seeks to change the Internal Revenue Code to allow more people to qualify for health savings accounts (HSAs). Currently, only individuals with a high deductible health plan qualify, but this bill...
Simple Explanation
In this bill, Congress wants to make it so more people can use special savings accounts for health care by allowing anyone with insurance to join, not just those with certain plans. They also want to let people save a lot more money in these accounts each year.
H. R. 9275 — To amend the Internal Revenue Code of 1986 to provide a refundable tax credit for non-directed living kidney donations.
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August 02, 2024
Status:Introduced in House
Congress:118
Words:856
H.R. 9275 proposes an amendment to the Internal Revenue Code of 1986 to offer a refundable tax credit to individuals who donate a kidney under non-directed circumstances, meaning they do not know who the recipient will be. The tax credit amounts to $10,000 per year for the...
Simple Explanation
H.R. 9275 is like a thank-you gift from the government where grown-ups who bravely give a kidney to help someone they don't know can get $10,000 each year for up to five years to say thanks for being kind.
H. R. 9254 — To amend the Internal Revenue Code of 1986 to exclude from gross income any judgments, awards, and settlements with respect to sexual assault or sexual harassment claims, and for other purposes.
August 02, 2024
Status:Introduced in House
Congress:118
Words:811
H.R. 9254, titled the "Tax Fairness for Survivors Act," aims to modify the Internal Revenue Code of 1986 to exclude any income from judgments, awards, or settlements related to sexual assault or sexual harassment claims from being taxed as gross income. The bill specifies that amounts...
Simple Explanation
H.R. 9254 is a bill that wants to make sure people who win money from court cases about bad behavior, like being hurt or treated unfairly by others, don't have to pay certain types of taxes on that money. This means if someone gets money because someone did something wrong to them, they might not have to give some of it to the government.
H. R. 7791 — To amend the Internal Revenue Code of 1986 to postpone tax deadlines and reimburse paid late fees for United States nationals who are unlawfully or wrongfully detained or held hostage abroad, and for other purposes.
March 22, 2024
Status:Introduced in House
Congress:118
Words:1,658
H. R. 7791 aims to change the tax laws to help U.S. citizens who are wrongfully detained or held hostage in other countries. It plans to postpone tax deadlines and refund any late fees or penalties for these individuals during the time they are detained. The bill also...
Simple Explanation
This bill wants to help Americans who are stuck in other countries and can't pay their taxes on time by giving them extra time and paying back any late fees. It also asks different parts of the government to make sure it knows who to help.
H. R. 9380 — To amend the Internal Revenue Code of 1986 to provide a credit for working families housing development, and for other purposes.
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August 16, 2024
Status:Introduced in House
Congress:118
Words:16,266
The bill, H.R. 9380, known as the "Working Families Housing Tax Credit Act," aims to amend the Internal Revenue Code to provide tax credits for developing housing for working families in the United States. It introduces a new section, 42A, which details the criteria and...
Simple Explanation
The bill helps people build homes for workers like teachers and firefighters by giving money support and tax breaks, so they have nice places to live. It also makes sure these homes use clean energy and live in areas with good transportation.
H. R. 9009 — To amend the Internal Revenue Code of 1986 to provide a gasoline tax holiday.
July 11, 2024
Status:Introduced in House
Congress:118
Words:561
H.R. 9009, known as the "Gas Prices Relief Act of 2024," proposes a temporary suspension of the gasoline tax. The bill sets the gasoline tax rate to zero from its enactment until January 1, 2025, and ensures that related trust fund accounts are compensated for the tax suspension through...
Simple Explanation
In this bill, the government wants to stop charging the tax on gasoline for a little while, so people can save money when they buy fuel to drive their cars. They also want to make sure the money usually collected from this tax is replaced from a different pot of money so nothing is missing.
H. R. 7035 — To amend the Internal Revenue Code of 1986 to repeal the estate and generation-skipping transfer taxes.
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January 18, 2024
Status:Introduced in House
Congress:118
Words:2,042
H.R. 7035, also known as the "Death Tax Repeal Act," proposes to eliminate the estate tax and the generation-skipping transfer tax, which are taxes imposed on transfers of wealth at death and to grandchildren, respectively. The bill aims to change the Internal Revenue Code of...
Simple Explanation
H.R. 7035 wants to stop certain taxes when people give money or things to their family after they pass away, making it easier for families to keep their stuff without paying extra. But, some people worry this might not be fair because it could let rich people keep getting richer without sharing.
H. R. 9495 — An Act To amend the Internal Revenue Code of 1986 to postpone tax deadlines and reimburse paid late fees for United States nationals who are unlawfully or wrongfully detained or held hostage abroad, to terminate the tax-exempt status of terrorist supporting organizations, and for other purposes.
November 21, 2024
Status:Engrossed in House
Congress:118
Words:2,819
H. R. 9495 aims to adjust the Internal Revenue Code to provide relief for U.S. nationals who are wrongfully held or taken hostage abroad. It postpones tax deadlines and reimburses penalties for these individuals and their spouses. Additionally, the bill seeks to end the...
Simple Explanation
The bill wants to help U.S. people who get stuck or taken in other countries by giving them extra time to pay their taxes without getting in trouble and to stop bad groups from getting tax breaks if they support bad guys. It asks different parts of the government to work together to make sure this happens.
H. R. 7980 — An Act To amend the Internal Revenue Code of 1986 to exclude vehicles the batteries of which contain materials sourced from prohibited foreign entities from the clean vehicle credit.
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September 12, 2024
Status:Engrossed in House
Congress:118
Words:707
H. R. 7980, titled the "End Chinese Dominance of Electric Vehicles in America Act of 2024," proposes changes to the Internal Revenue Code of 1986 concerning clean vehicle credits. The bill aims to exclude electric vehicles from receiving clean vehicle credits if their batteries or battery...
Simple Explanation
This bill is like a new rule that says if electric cars have batteries made with stuff from certain countries, then they can't get special money help called "credits" that make them cheaper. It's like saying you can't get a reward if your toy is made with parts from a friend's house who your parents don't get along with.
S. 4965 — To amend the Internal Revenue Code of 1986 to make the credit for small employer pension plan startup costs and the retirement auto-enrollment credit available to tax-exempt eligible small employers.
August 01, 2024
Status:Introduced in Senate
Congress:118
Words:1,120
S. 4965 aims to amend the Internal Revenue Code to extend certain tax credits to small tax-exempt employers. Specifically, it makes the credit for small employer pension plan startup costs and the retirement auto-enrollment credit available to these organizations. The bill...
Simple Explanation
S. 4965 wants to help small non-profit groups save money when they start a retirement plan for their workers, by giving them a special money-saving treat on their taxes. This treat will start after December 31, 2024, and it's like getting a little extra allowance that they don't have to pay back to help take care of their employees.
H. R. 6795 — To amend the Internal Revenue Code of 1986 to provide incentives for education.
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December 14, 2023
Status:Introduced in House
Congress:118
Words:1,320
H. R. 6795, known as the “Achieving Choice in Education Act” or “ACE Act,” aims to amend tax laws to support education. It proposes allowing more flexible use of 529 savings plans for homeschooling and various elementary and secondary school expenses, raising the withdrawal...
Simple Explanation
The ACE Act is like giving families a bigger piggy bank that they can use to pay for more types of school stuff, like books or homeschooling, and it lets them put more money into it without worrying about some taxes, but some people think this helps rich families more.
H. R. 9464 — To amend the Internal Revenue Code of 1986 to allow employers to deduct certain transportation fringe benefits.
September 06, 2024
Status:Introduced in House
Congress:118
Words:425
H.R. 9464, known as the “Supporting Transit Commutes Act,” aims to modify the Internal Revenue Code of 1986. This bill allows employers to deduct certain transportation fringe benefits, like transit passes or commuter highway vehicle passes, provided to employees. The...
Simple Explanation
H.R. 9464 is a bill that lets companies save money on taxes when they help pay for their employees' rides to work, like bus or train passes. It has some special rules about how much money can be saved, especially when employees use part of their salary for these benefits.
H. R. 7110 — To amend the Internal Revenue Code of 1986 to require building inspections for certain qualified low-income buildings.
January 29, 2024
Status:Introduced in House
Congress:118
Words:534
H.R. 7110 seeks to amend the Internal Revenue Code of 1986 by mandating regular building inspections for certain low-income housing under the Low Income Housing Tax Credit (LIHTC) program. It requires that these buildings comply with local, state, federal, and tribal safety...
Simple Explanation
In this bill, Congress wants to make sure that certain homes for people with low incomes are safe and well-maintained. It will require regular checks by experts to make sure the buildings are in good shape and follow all safety rules.
H. R. 8797 — To amend the Internal Revenue Code of 1986 to impose an income tax on excess profits of certain corporations.
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June 21, 2024
Status:Introduced in House
Congress:118
Words:1,391
H.R. 8797, also known as the "Ending Corporate Greed Act," proposes changes to the Internal Revenue Code to impose a 95% income tax on excess profits for certain corporations in the U.S. This applies to companies with average annual gross receipts of at least $500 million,...
Simple Explanation
The Ending Corporate Greed Act wants to make really big companies pay extra taxes if they earn more money than they usually do, using old years to figure out what's "too much" money, and this will help make sure they pay their fair share from 2024 to 2026.
H. R. 6408 — An Act To amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.
April 16, 2024
Status:Referred in Senate
Congress:118
Words:1,184
H.R. 6408 proposes to amend the Internal Revenue Code to revoke the tax-exempt status of organizations that support terrorism. This means that any organization designated by the Secretary as having materially supported terrorist groups within the past three years would lose...
Simple Explanation
H.R. 6408 is a new rule that says if a group in the U.S. helps bad guys called terrorists, the group will lose its special no-tax status. This means the group won't get to avoid paying taxes anymore if they are caught helping terrorists.
H. R. 33 — To amend the Internal Revenue Code of 1986 to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States.
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January 03, 2025
Status:Introduced in House
Congress:119
Words:7,591
The bill titled "United States-Taiwan Expedited Double-Tax Relief Act" aims to modify the U.S. tax code to create special tax rules for certain residents of Taiwan who earn income from U.S. sources. It proposes reducing withholding tax rates on income such as interest and dividends for...
Simple Explanation
The bill is like a rule change that helps people from Taiwan who work in the U.S. pay less tax on the money they earn here, and it also asks for a new agreement between the U.S. and Taiwan so everyone gets treated fairly.
H. R. 9189 — To amend the Internal Revenue Code of 1986 to allow charitable donations of food transportation vehicles and food storage equipment to receive the tax same treatment as charitable donations of food inventory in the case of donations to nonprofit organizations which provide food to communities in need.
July 30, 2024
Status:Introduced in House
Congress:118
Words:791
H.R. 9189, known as the “Feed the Community Act,” seeks to change the Internal Revenue Code of 1986. The bill proposes that donations of food transportation vehicles and food storage equipment to nonprofits receive the same tax benefits as food inventory donations. Qualified...
Simple Explanation
H.R. 9189 wants to make it fair for people who give big fridges or trucks to help bring food to charities by letting them get the same tax benefits as those who give actual food.
H. R. 8819 — To amend the Internal Revenue Code of 1986 to provide for a credit against tax, or refund of tax, for certain Federal insurance taxes for employees who are members of religious faiths which oppose participation in such insurance.
June 25, 2024
Status:Introduced in House
Congress:118
Words:423
H.R. 8819 proposes an amendment to the Internal Revenue Code of 1986, allowing employees who are part of certain religious faiths that oppose federal insurance programs to receive a tax credit or refund. Specifically, it targets employees from faiths that object to participating in such...
Simple Explanation
This bill is like giving a special ticket to people of certain religions who don't like some types of government insurance. It says they can get back some of their money taken for that insurance, but they have to ask for permission first.
S. 3816 — To amend the Internal Revenue Code of 1986 to provide for lifelong learning accounts, and for other purposes.
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February 27, 2024
Status:Introduced in Senate
Congress:118
Words:3,062
The bill, titled the "Skills Investment Act of 2024," proposes changes to the Internal Revenue Code to rename Coverdell education savings accounts to Coverdell lifelong learning accounts. It aims to expand the use of these accounts to include expenses for skill development and education for...
Simple Explanation
The "Skills Investment Act of 2024" aims to help people save money for learning new skills by making some changes to special savings accounts called Coverdell accounts, allowing them to be used by teenagers and adults for education expenses. It also gives bonuses to companies that add money to these accounts and lets people reduce their taxes if they add their own money.
H. R. 9743 — To amend the Internal Revenue Code of 1986 to allow a deduction for traveling expenses for Federal disaster relief workers away from home for more than 1 year.
September 20, 2024
Status:Introduced in House
Congress:118
Words:285
H.R. 9743 aims to change the Internal Revenue Code to offer tax deductions to Federal disaster relief workers for their travel expenses if they are away from home for more than a year. This bill proposes that such workers, certified by FEMA, can deduct these travel costs for...
Simple Explanation
In the DEPLOY Tax Relief Act, the plan is to let people who work to help during big emergencies get some money back from taxes if they travel away from home for more than a year. This means they won't have to pay as much in taxes for the costs of being far from home while they do their important jobs.
H. R. 8719 — To amend title 18, United States Code, to require a Federal firearms licensee to provide secure firearms storage information to a prospective firearm transferee, and to amend the Internal Revenue Code of 1986 to provide a gun safe credit, and for other purposes.
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June 12, 2024
Status:Introduced in House
Congress:118
Words:1,392
The H.R. 8719 bill, titled the "Secure Storage Information Act of 2024," proposes amendments to U.S. law to improve firearm safety. It requires federal firearms licensees to provide secure firearms storage information to anyone purchasing a firearm and mandates that such...
Simple Explanation
The bill wants people who sell guns to tell buyers how to keep them safe at home and gives a bit of money back if someone buys a special safe. But some worry it might cost small stores too much and not be clear about what makes a safe good enough.
H. R. 8004 — To amend the Internal Revenue Code of 1986 to establish a refundable credit for qualified child care startup expenses.
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April 15, 2024
Status:Introduced in House
Congress:118
Words:997
H.R. 8004, titled the “Expanding Child Care Access Act of 2024,” proposes amendments to the Internal Revenue Code of 1986 to provide a refundable tax credit for qualified child care startup expenses. The bill allows certain family child care providers, who are licensed or registered and meet...
Simple Explanation
The bill is like giving a one-time money boost to people who want to start taking care of kids at home, helping them with things they need to get started, but there are rules to make sure people use it the right way.
H. R. 7980 — To amend the Internal Revenue Code of 1986 to exclude vehicles the batteries of which contain materials sourced from prohibited foreign entities from the clean vehicle credit.
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June 11, 2024
Status:Reported in House
Congress:118
Words:910
H. R. 7980 aims to amend the Internal Revenue Code of 1986 by introducing restrictions on the clean vehicle credit for vehicles whose batteries contain components sourced from prohibited foreign entities. These prohibited entities may include foreign bodies of concern, those...
Simple Explanation
H. R. 7980 is a bill that says cars can't get special money help (a credit) if their batteries have parts from places or people the U.S. doesn't trust. This is to help keep car materials safe and not too dependent on countries that might not be friendly.
H. R. 10041 — To amend the Internal Revenue Code of 1986 to establish the childcare provider startup credit, to increase the amount of and make refundable the expenses for household and dependent care credit, and for other purposes.
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October 25, 2024
Status:Introduced in House
Congress:118
Words:3,198
H.R. 10041, known as the "LITTLE Act of 2024," seeks to amend the Internal Revenue Code to support childcare services. The bill proposes the creation of a new tax credit for businesses starting childcare services, covering 30% of their related expenses up to $10,000. It also aims to increase...
Simple Explanation
H.R. 10041, called the "LITTLE Act of 2024," is like a plan to make it easier for people to start businesses that take care of kids, and it also gives families more money back when they pay for someone to watch their kids while they work. It helps by giving money back on their taxes, so families can spend less on childcare.
S. 4143 — To amend the Internal Revenue Code of 1986 to provide an above-the-line deduction for flood insurance premiums.
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April 17, 2024
Status:Introduced in Senate
Congress:118
Words:856
The bill S. 4143, introduced in the Senate, seeks to amend the Internal Revenue Code of 1986. It aims to allow an above-the-line tax deduction for flood insurance premiums paid or incurred by individuals for their property. This deduction would not be available for taxpayers...
Simple Explanation
The bill wants to change the rules so people can pay less in taxes if they buy flood insurance for their homes, but it won't help people who make too much money each year.
S. 5145 — To amend the Internal Revenue Code of 1986 to prohibit the use of foreign feedstocks for purposes of the clean fuel production credit, and for other purposes.
September 24, 2024
Status:Introduced in Senate
Congress:118
Words:360
S. 5145, titled the “Farmer First Fuel Incentives Act,” aims to amend the Internal Revenue Code of 1986 to ensure that only feedstocks grown or produced in the United States qualify for the clean fuel production credit. This bill prohibits the use of foreign feedstocks for...
Simple Explanation
S. 5145 wants to make sure that only plants and materials grown in the United States are used to make clean fuels, and this could help local farmers. It also plans to keep giving rewards to fuel companies for making cleaner fuels until the year 2034.
H. R. 8049 — To amend the Internal Revenue Code of 1986 to prohibit treatment of certain distributions and reimbursements for certain abortions as qualified medical expenses.
April 17, 2024
Status:Introduced in House
Congress:118
Words:664
H.R. 8049, titled the “Protecting Life in Health Savings Accounts Act,” seeks to amend the Internal Revenue Code of 1986. The bill proposes that distributions and reimbursements for certain abortions should not be considered qualified medical expenses, except in cases involving rape, incest,...
Simple Explanation
H.R. 8049 wants to change the rules so that if people use certain savings accounts to pay for some types of abortions, those payments wouldn't count as normal medical expenses. But, if the abortion is needed because of rape, incest, or to save the woman's life, then it's okay.
H. R. 9462 — To amend the Internal Revenue Code of 1986 to allow a credit against tax for charitable donations to nonprofit organizations providing education scholarships to qualified elementary and secondary students.
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September 06, 2024
Status:Introduced in House
Congress:118
Words:3,982
H.R. 9462, titled the "Educational Choice for Children Act of 2024," proposes changes to the Internal Revenue Code to allow individuals to receive a tax credit for charitable donations made to organizations that provide educational scholarships to elementary and secondary...
Simple Explanation
H.R. 9462 is like a plan where people can get some money back on their taxes for giving to groups that help pay for kids' school stuff, like books and tuition, but it needs to make sure everyone gets a fair chance and checks that the money is used correctly.
H. R. 8291 — To amend the Internal Revenue Code of 1986 to prohibit certain tax-exempt organizations from providing funding for election administration.
May 08, 2024
Status:Introduced in House
Congress:118
Words:325
H.R. 8291, known as the “End Zuckerbucks Act,” aims to change the Internal Revenue Code to stop certain tax-exempt organizations from using their funds to support election processes. Specifically, it prevents these organizations, under section 501(c)(3), from giving direct or...
Simple Explanation
H.R. 8291 wants to stop certain non-profit groups from giving money to help run elections, except they can still let people use their space for voting. This rule would start in 2025.
H. R. 9765 — To amend the Internal Revenue Code of 1986 to allow certain family caregivers to contribute to a Roth IRA.
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September 23, 2024
Status:Introduced in House
Congress:118
Words:569
H.R. 9765, titled the "Improving Retirement Security for Family Caregivers Act of 2024," proposes changes to the Internal Revenue Code to allow specific family caregivers to contribute to a Roth IRA. This bill defines a "qualified family caregiver" as someone who completes at...
Simple Explanation
H.R. 9765 wants to help people who take care of someone in their family without getting paid by allowing them to save more money for their future in a special type of savings account called a Roth IRA. To qualify, they need to spend at least 500 hours doing this kind of caring and less than 500 hours doing a paid job each year.
H. R. 8149 — To amend the Internal Revenue Code of 1986 to clarify the tax treatment of digital asset rewards.
April 29, 2024
Status:Introduced in House
Congress:118
Words:439
H.R. 8149 is a bill that seeks to amend the Internal Revenue Code of 1986 to clarify how digital asset rewards are taxed. The bill specifies that when a person receives a digital asset reward through a blockchain consensus mechanism, they will not have to pay taxes on it at that time....
Simple Explanation
H.R. 8149 is a bill that says people don't have to pay taxes right away when they earn digital coins by helping with blockchain puzzles, but they will pay taxes when they sell those digital coins.
H. R. 8274 — To amend the Internal Revenue Code of 1986 to encourage the transfer of intangible property from controlled foreign corporations to United States shareholders.
May 07, 2024
Status:Introduced in House
Congress:118
Words:837
H.R. 8274, known as the "Bringing Back American Jobs Through Intellectual Property Repatriation Act," aims to amend the Internal Revenue Code to facilitate the transfer of intangible assets like patents and copyrights from foreign corporations controlled by U.S. entities to U.S. shareholders....
Simple Explanation
The bill wants to make it easier for companies in the U.S. to bring back things like ideas or inventions from their other companies overseas without having to pay extra taxes when they do it.
H. R. 7904 — To amend the Internal Revenue Code of 1986 to extend tax credits for clean vehicles to possessions of the United States.
April 09, 2024
Status:Introduced in House
Congress:118
Words:648
H.R. 7904 proposes changes to the Internal Revenue Code to extend tax credits for clean vehicles to include the territories of the United States. The bill alters existing law to allow residents in U.S. territories to benefit from these credits, differing based on whether the...
Simple Explanation
H.R. 7904 is like a new rule to help people who live in U.S. territories buy eco-friendly cars. It makes sure they can get special money help, just like people who live in the states, but the territories get to choose how to give out this help.
H. R. 9495 — To amend the Internal Revenue Code of 1986 to postpone tax deadlines and reimburse paid late fees for United States nationals who are unlawfully or wrongfully detained or held hostage abroad, to terminate the tax-exempt status of terrorist supporting organizations, and for other purposes.
September 09, 2024
Status:Introduced in House
Congress:118
Words:2,843
H.R. 9495, titled the “Stop Terror-Financing and Tax Penalties on American Hostages Act,” aims to amend the Internal Revenue Code of 1986. The bill proposes postponing tax deadlines and reimbursing late fees for U.S. nationals who are unlawfully detained or held hostage abroad. Additionally,...
Simple Explanation
In this bill, if someone from America is being unfairly kept in another country, they can wait to pay their taxes without any late fees, and groups that help bad guys may lose their special money-saving status.
S. 3988 — To amend the Internal Revenue Code of 1986 to modify rules for grantor trusts.
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March 20, 2024
Status:Introduced in Senate
Congress:118
Words:1,851
The proposed bill, known as the Getting Rid of Abusive Trust Schemes Act (GRATS Act), seeks to amend the Internal Revenue Code to change rules regarding grantor trusts. It introduces a requirement for grantor retained annuity trusts to have a minimum term of 15 years and...
Simple Explanation
The Getting Rid of Abusive Trust Schemes Act (GRATS Act) wants to change the rules about special types of money-saving trust accounts so they are harder to use in tricky ways to pay less taxes. It suggests that these trusts should last a long time, like 15 years, and that when people pay certain taxes for the trust, it might count as giving a gift, which could mean paying more taxes.
S. 4801 — To amend the Internal Revenue Code of 1986 to exclude discharge of coerced indebtedness from gross income.
July 25, 2024
Status:Introduced in Senate
Congress:118
Words:485
S. 4801, introduced in the Senate, aims to amend the Internal Revenue Code by allowing individuals to exclude from their gross income any debt that has been forgiven, provided the debt was coerced. Coerced debt is defined as debt incurred without the individual's consent, such as through...
Simple Explanation
The bill is like a rule that says if someone has debt because someone else tricked or forced them into it, they won't have to pay extra taxes when that debt is forgiven or erased. It's to help people who were taken advantage of and starts working in 2024.
H. R. 9698 — To amend the Internal Revenue Code of 1986 to provide for school infrastructure finance and innovation tax credit bonds.
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September 19, 2024
Status:Introduced in House
Congress:118
Words:3,441
H.R. 9698 proposes changes to the Internal Revenue Code to introduce School Infrastructure Finance and Innovation Tax Credit Bonds (SIFIA bonds). These bonds are intended to finance the design, construction, and renovation of net-zero energy school buildings with the involvement of private...
Simple Explanation
H.R. 9698 is a plan to help schools get money to build or fix up buildings to be super energy-efficient. The idea is for schools to work with private companies, getting special bonds that are like fancy IOUs, and these bonds can even get tax benefits, so it's easier to pay for these schools.
H. R. 7821 — To amend the Internal Revenue Code of 1986 to provide for a tax credit with respect to fighting retail crime, and for other purposes.
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March 26, 2024
Status:Introduced in House
Congress:118
Words:1,040
H.R. 7821, titled the “Safer American Family Enterprise Retail Act of 2024” or the “SAFE Retail Act of 2024,” proposes an amendment to the Internal Revenue Code to establish a tax credit for small retail businesses. The credit would cover 50% of eligible expenditures related...
Simple Explanation
H.R. 7821 is a proposed law that would give small shops some money back on their taxes if they spend money to make their stores safer from thieves. This means if a small store buys things like cameras or alarms to stop people from stealing, they can get back some of the money they spent when they pay their taxes, but only a certain amount and until the year 2029.
S. 5256 — To amend the Internal Revenue Code of 1986 to enhance the child tax credit, and for other purposes.
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September 25, 2024
Status:Introduced in Senate
Congress:118
Words:9,161
S. 5256, titled the "Family Security Act," aims to modify the Internal Revenue Code to make the child tax credit more beneficial by increasing the credit amounts and making them fully refundable, starting in 2026. The bill also introduces a credit for pregnant mothers, starting at a...
Simple Explanation
The "Family Security Act" is a plan to give more money back to families with kids and moms-to-be, but it takes away some money-saving options for people who file taxes in certain ways.
S. 5409 — To amend the Internal Revenue Code of 1986 to exclude from gross income gain from the sale of qualified real property interests acquired under the authority of the Readiness and Environmental Protection Integration (REPI) program administered by the Department of Defense pursuant to section 2684a of title 10, United States Code, and for other purposes.
December 03, 2024
Status:Introduced in Senate
Congress:118
Words:935
The bill S. 5409 aims to amend the Internal Revenue Code to exclude from taxable income any profits gained from selling certain types of real estate under the Readiness and Environmental Protection Integration (REPI) program managed by the Department of Defense. The REPI...
Simple Explanation
The bill wants to let people who sell certain types of land for a special military program keep all the money they make from the sale without paying taxes on it. It's about helping the military and the environment, but some of the rules are a bit tricky and hard to understand.
H. R. 8860 — To amend the Internal Revenue Code of 1986 to enhance the paid family and medical leave credit, and for other purposes.
June 27, 2024
Status:Introduced in House
Congress:118
Words:1,327
H.R. 8860 aims to modify the Internal Revenue Code of 1986 to improve the tax credit for employers offering paid family and medical leave. The bill allows employers to choose between receiving a credit based on wages paid to employees on leave or on insurance premiums if they...
Simple Explanation
H.R. 8860 wants to help companies that give their workers paid time off for family or medical reasons by offering them a choice on how to get a tax benefit; they can either get a reward for the money they pay their workers on leave or for the insurance they have for paying for leave.
H. R. 7160 — To amend the Internal Revenue Code of 1986 to modify the limitation on the amount certain married individuals can deduct for State and local taxes.
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January 31, 2024
Status:Introduced in House
Congress:118
Words:313
H. R. 7160 proposes changes to the Internal Revenue Code to address how married couples can deduct state and local taxes from their federal taxes. Specifically, it seeks to increase the deduction limit for married couples filing jointly from $10,000 to $20,000, provided their...
Simple Explanation
The bill wants to let married couples who do their taxes together take off more money for state and local taxes, but only if they make less than $500,000 a year and only for a short time. It's like letting them have a bigger cookie for being married, but only if they don't make too much money and only until the end of 2023.
H. R. 9338 — To amend the Internal Revenue Code of 1986 to restrict the advanced manufacturing production credit with respect to components produced by, or in connection with, foreign entities of concern.
August 09, 2024
Status:Introduced in House
Congress:118
Words:388
H.R. 9338 seeks to amend the Internal Revenue Code to limit tax credits for advanced manufacturing production, specifically targeting components linked to foreign entities considered a concern. The bill prohibits the tax credit for components produced by such foreign entities...
Simple Explanation
H.R. 9338 is a rule that says some parts made in special factories can't get money help from the government if they're made by certain foreign companies that might be a problem. This tries to stop using parts related to those companies, especially in things like batteries, after the rule starts.
H. R. 6759 — To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for AmeriCorps educational awards.
December 13, 2023
Status:Introduced in House
Congress:118
Words:368
H. R. 6759 aims to amend the Internal Revenue Code of 1986 to make AmeriCorps educational awards exempt from being counted as gross income for tax purposes. The bill proposes to modify specific sections of the tax code so that individuals receiving these awards or having...
Simple Explanation
This bill wants to make a change to the tax rules so that when people earn a special kind of scholarship from AmeriCorps to pay for their education, they won't have to pay extra money to the government because of it. This would mean they get to keep more of their scholarship money to use for school.
H. R. 8914 — To amend the Internal Revenue Code of 1986 to impose penalties with respect to civil rights violations by certain tax-exempt educational institutions.
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December 17, 2024
Status:Reported in House
Congress:118
Words:1,707
H.R. 8914, titled the "University Accountability Act," aims to amend the Internal Revenue Code to enforce penalties on certain tax-exempt educational institutions that violate civil rights as determined by a federal court. If a school is judged to have violated civil rights, it must pay a...
Simple Explanation
The "University Accountability Act" is like a rule that says if a special kind of school does something wrong, like breaking a rule about treating people fairly, they might have to pay a lot of money, kind of like a big fine. If they keep doing bad things, they might not get to keep their special money-saving status anymore, and they need to tell everyone when they've been bad to be honest about it.
H. R. 7435 — To amend the Internal Revenue Code of 1986 to establish a program to populate downloadable tax forms with taxpayer return information.
February 23, 2024
Status:Introduced in House
Congress:118
Words:1,028
H.R. 7435, known as the “Autofill Act of 2024,” aims to simplify the process of filing individual income tax returns by allowing taxpayers to download tax forms already filled out with information reported to the IRS and the Social Security Administration. The bill requires that the IRS makes...
Simple Explanation
In this bill, the government wants to help people with their taxes by giving them forms that are already filled out with their information, but people still need to check to make sure everything is right.
S. 3610 — To amend the Internal Revenue Code of 1986 to allow a credit against tax for contributions to qualifying pregnancy centers.
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January 18, 2024
Status:Introduced in Senate
Congress:118
Words:1,631
S. 3610 is a bill introduced in the Senate aiming to amend the Internal Revenue Code of 1986 to provide a tax credit for contributions made to qualifying pregnancy centers. The bill proposes a tax credit of 50% for eligible donations, with a limit of $10,000 per year, or...
Simple Explanation
S. 3610 is a plan to give people a big thank-you in the form of a tax reduction when they give money to special places that help moms and families with unexpected babies, as long as these places don't talk about or help with abortions. If a person gives money to these centers, they can get back part of that money as a tax gift, up to a certain amount.
H. R. 9461 — To amend the Internal Revenue Code of 1986 to allow a credit against tax for charitable donations to nonprofit organizations providing workforce training.
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December 24, 2024
Status:Reported in House
Congress:118
Words:1,609
H.R. 9461, titled the "USA Workforce Investment Act," proposes to amend the Internal Revenue Code to provide a tax credit for individuals who make charitable donations to nonprofit organizations that offer workforce development or apprenticeship training programs. Under this bill, taxpayers...
Simple Explanation
H.R. 9461 is a bill that wants to let people pay less in taxes if they give money to organizations that help teach people job skills, but there are rules about how much money they can save and how it all works might be a bit tricky.
H. R. 10025 — To amend the Internal Revenue Code of 1986 to establish a new first-time homebuyer credit and to establish the starter home construction credit.
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October 22, 2024
Status:Introduced in House
Congress:118
Words:3,486
The bill, titled the “American Homeownership Opportunity Act of 2024,” aims to amend the Internal Revenue Code of 1986 to create a new tax credit for first-time homebuyers. It allows eligible individuals to claim a credit of up to $25,000, and $50,000 for those defined as first-generation...
Simple Explanation
This bill wants to help people buy their first home by giving them money back on taxes, which is like getting a special gift when you buy a new house. It also encourages builders to make small starter homes by giving them a discount, so more people can have places to live.
H. R. 9495 — An Act To amend the Internal Revenue Code of 1986 to postpone tax deadlines and reimburse paid late fees for United States nationals who are unlawfully or wrongfully detained or held hostage abroad, to terminate the tax-exempt status of terrorist supporting organizations, and for other purposes.
December 02, 2024
Status:Received in Senate
Congress:118
Words:2,770
H.R. 9495 proposes changes to the Internal Revenue Code to help U.S. nationals who are wrongfully detained or held hostage abroad by postponing their tax deadlines and reimbursing any late fees or penalties they paid. It requires the Secretary of State and Attorney General to...
Simple Explanation
The bill wants to give extra time to people who are stuck in other countries and can't pay their taxes on time, and helps them get back any late fees they had to pay. It also wants to stop bad groups that help terrorists from not paying taxes.
S. 5188 — To amend the Internal Revenue Code of 1986 to incentivize the divestiture of certain securities connected to the People’s Republic of China.
September 25, 2024
Status:Introduced in Senate
Congress:118
Words:2,160
The bill, known as the "Patriotic Investment Act," aims to encourage the sale of certain securities tied to the People's Republic of China by changing how profits from these sales are taxed. It proposes treating gains from selling these "disqualified PRC securities" as regular income, subject...
Simple Explanation
The bill wants people to sell certain types of stocks related to China by making taxes on these sales higher, and it lets them pay their taxes in smaller parts over three years. This helps encourage people to invest less in China and more in the U.S. instead.
H. R. 7980 — An Act To amend the Internal Revenue Code of 1986 to exclude vehicles the batteries of which contain materials sourced from prohibited foreign entities from the clean vehicle credit.
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September 16, 2024
Status:Referred in Senate
Congress:118
Words:689
The bill H.R. 7980, titled the “End Chinese Dominance of Electric Vehicles in America Act of 2024,” aims to change the Internal Revenue Code to prevent vehicles from qualifying for clean vehicle tax credits if their batteries include components from prohibited foreign...
Simple Explanation
The bill is about making sure that cars don't get a special money bonus if their batteries have parts made by certain countries we don't trust, mainly so we don't rely too much on them and keep making our own stuff.
H. R. 7319 — To amend the Internal Revenue Code of 1986 to prohibit 501(c)(3) organizations from providing direct funding to official election organizations and to amend the Help America Vote Act of 2002 to prohibit the District of Columbia from receiving or using funds or certain donations from private entities for the administration of a District of Columbia election, and for other purposes.
February 13, 2024
Status:Introduced in House
Congress:118
Words:945
H.R. 7319, also known as the "End Zuckerbucks Act of 2024", seeks to amend the Internal Revenue Code to stop 501(c)(3) organizations from directly funding official election organizations. It also proposes changes to the Help America Vote Act to prevent the District of...
Simple Explanation
H.R. 7319 is like a new rule that says friendly groups can't give money to people who run elections. It also means the capital city, Washington, D.C., can't use money from private people to help with their elections, and these changes will start in 2025.
H. R. 6979 — To amend the Internal Revenue Code of 1986 to provide a credit to small businesses for research activities related to the mitigation of certain drug threats.
January 11, 2024
Status:Introduced in House
Congress:118
Words:876
H. R. 6979 proposes to amend the Internal Revenue Code of 1986 by introducing a tax credit for small businesses engaged in research activities aimed at mitigating and addressing drug threats, specifically related to emerging drugs, fentanyl, and methamphetamine. The bill...
Simple Explanation
H. R. 6979 is a plan to help small businesses by giving them a special coupon, called a tax credit, if they do research to fight bad drugs like fentanyl. The rules for this plan need to be clear and simple so everyone knows how to use it without any mix-ups.
H. R. 9935 — To amend the Internal Revenue Code of 1986 to establish a refundable tax credit for the addition of skirting to certain manufactured homes.
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October 04, 2024
Status:Introduced in House
Congress:118
Words:662
H.R. 9935 proposes an amendment to the Internal Revenue Code of 1986 to introduce a refundable tax credit. This credit, amounting to 20% of the costs, is available to individuals who pay for skirting on certain manufactured homes during the tax year. However, the credit cannot exceed $500 and...
Simple Explanation
H.R. 9935 wants to give people money back when they put a special cover around their mobile homes to make them warmer in winter and cooler in summer, but they can only get up to $500 back and need to earn less than some big numbers to qualify.
S. 4057 — To amend the Internal Revenue Code of 1986 to postpone tax deadlines and reimburse paid late fees for United States nationals who are unlawfully or wrongfully detained or held hostage abroad, and for other purposes.
March 22, 2024
Status:Introduced in Senate
Congress:118
Words:1,664
S. 4057, referred to as the “Stop Tax Penalties on American Hostages Act of 2024”, aims to amend the Internal Revenue Code to provide tax relief for U.S. nationals who have been wrongfully detained or held hostage abroad. The bill proposes to postpone tax deadlines and...
Simple Explanation
The bill wants to help U.S. people who were taken or trapped in other countries by letting them delay paying taxes and refunding any late fees they had to pay. It will decide who gets this help with the help of important government people, like the Secretary of State.
H. R. 9269 — To amend the Internal Revenue Code of 1986 to provide an income tax credit for fertility treatments.
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August 02, 2024
Status:Introduced in House
Congress:118
Words:1,113
The H.R. 9269 bill aims to amend the Internal Revenue Code to offer an income tax credit for expenses related to fertility treatments. The credit allows eligible individuals to receive up to $20,000 per year, with a special provision increasing the limit to $40,000 for joint...
Simple Explanation
The H.R. 9269 bill is like giving back some money to people who need help paying for baby-making treatments. People who qualify can get up to $20,000 each year, or $40,000 if they're married, but they can't make too much money, and the rules can be a bit tricky.
S. 4693 — To amend the Internal Revenue Code of 1986 to provide an investment credit for converting non-residential buildings to affordable housing.
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July 11, 2024
Status:Introduced in Senate
Congress:118
Words:3,274
S. 4693, called the "Revitalizing Downtowns and Main Streets Act," aims to amend the Internal Revenue Code to provide a tax credit to encourage the conversion of non-residential buildings into affordable housing. The bill allows for a tax credit equal to 20% of conversion expenses for...
Simple Explanation
The "Revitalizing Downtowns and Main Streets Act" is a rule that gives money back, in the form of a tax credit, to people who change old office buildings into homes that people can afford, especially in areas that need more help. Basically, it wants to make sure there are more affordable places to live by giving a special "money reward" for turning empty offices into nice homes for people who don't earn a lot of money.

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