Search Results for keywords:"retroactive tax provision"

Search Results: keywords:"retroactive tax provision"

H. R. 1873 — To amend the Internal Revenue Code of 1986 to exclude certain broadband grants from gross income.
March 05, 2025
Status:Introduced in House
Congress:119
Words:716
The bill H. R. 1873, titled the “Broadband Grant Tax Treatment Act,” aims to change the Internal Revenue Code of 1986 so that certain grants used for broadband deployment are not counted as part of gross income. This means that recipients of these specific broadband grants...
Simple Explanation
The bill wants to make sure that when people or companies get certain money from the government to help build internet connections, they don't have to pay extra taxes on it. But they also can't use that money to get extra tax benefits or make extra money claims.
H. R. 8682 — To amend the Internal Revenue Code of 1986 to expand the exclusion for certain conservation subsidies to include subsidies for water conservation or efficiency measures, storm water management measures, and wastewater management measures.
June 11, 2024
Status:Introduced in House
Congress:118
Words:1,082
H.R. 8682, known as the "Water Conservation Rebate Tax Parity Act," proposes changes to the Internal Revenue Code of 1986 to expand tax exclusion benefits for certain conservation subsidies. The bill seeks to include subsidies given by public utilities or government entities...
Simple Explanation
The new bill is like giving a special treat to people who save water at home. It says that if the government or water companies give them money to help save water, they won't have to pay extra taxes on that money, just like they don't on money they get for saving energy!

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