Search Results: keywords:"permanent tax credit"

  • H. R. 399 — To permanently extend the American Samoa economic development tax credit.
    Status:Introduced in House
    Words:229

    H.R. 399 proposes to make the American Samoa economic development tax credit a permanent measure. The bill, introduced by Mrs. Radewagen and referred to the Committee on Ways and Means, seeks to amend the Tax Relief and Health Care Act of 2006 by removing the expiration date...

    Simple Explanation

    H.R. 399 is a bill that wants to keep giving special money help (called a tax credit) forever to people doing business in American Samoa, which is a part of the United States in the Pacific Ocean. This means businesses there can keep saving money every year, which some people think is a good way to help them grow, but others worry it might not be fair or smart because it would never end.

  • H. R. 1424 — To amend the Internal Revenue Code of 1986 to increase the employer tax credit for paid family and medical leave.
    Status:Introduced in House
    Words:240

    H. R. 1424 proposes changes to the Internal Revenue Code of 1986 to enhance the employer tax credit for providing paid family and medical leave. Specifically, it increases the tax credit percentages from 12.5% to 25% and from 25% to 50%, while doubling the incremental...

    Simple Explanation

    H. R. 1424 wants to help businesses by giving them bigger rewards for giving their workers more time off to take care of their families or themselves when they're sick. It also wants to make sure these rewards last forever, starting in 2026.