Search Results: keywords:"tax-exempt bonds"

  • H. R. 9659 — To amend the Internal Revenue Code of 1986 to provide tax incentives for rental housing for members of the Armed Forces.
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    Status:Introduced in House
    Words:747

    H. R. 9659 aims to amend the Internal Revenue Code of 1986 to offer tax benefits for rental housing projects aimed at members of the Armed Forces. The bill proposes that military basic housing allowances be excluded from income calculations for determining eligibility for...

    Simple Explanation

    H. R. 9659 is a plan to change the tax rules so it's easier for people in the military to find affordable places to live. It wants to give more tax help to build homes near big military bases, but not just for military families, while being careful to treat everyone fairly.

  • H. R. 6795 — To amend the Internal Revenue Code of 1986 to provide incentives for education.
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    Status:Introduced in House
    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. 8318 — To amend the Internal Revenue Code of 1986 to treat Indian Tribal Governments in the same manner as State governments for certain Federal tax purposes, and for other purposes.
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    Status:Introduced in House
    Words:7,232

    The bill, H.R. 8318, titled the "Tribal Tax and Investment Reform Act of 2024," aims to amend the Internal Revenue Code of 1986 to treat Indian Tribal Governments similarly to State governments for specific federal tax purposes. It proposes measures to establish tax parity for Tribes,...

    Simple Explanation

    The bill wants to make sure that Native American Tribal Governments are treated the same as state governments when it comes to taxes. This means they can do things like borrow money more easily to help their communities grow, just like states can.

  • S. 3520 — To amend the Internal Revenue Code of 1986 to provide incentives for education.
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    Status:Introduced in Senate
    Words:1,325

    S. 3520, also known as the "Achieving Choice in Education Act" or "ACE Act," aims to amend the Internal Revenue Code to support educational opportunities. The bill proposes changes that would allow for 529 education savings accounts to cover more homeschooling and secondary...

    Simple Explanation

    The Achieving Choice in Education Act wants to let people use more special savings money for things like homeschooling and tutoring, make bigger gifts with tax benefits, and help some states that give kids more school choices.