Search Results for keywords:"taxation"

Search Results: keywords:"taxation"

H. R. 8785 — To amend the Internal Revenue Code of 1986 to provide that tips shall not be subject to income or employment taxes.
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June 18, 2024
Status:Introduced in House
Congress:118
Words:1,316
H.R. 8785, titled the "Tax Free Tips Act of 2024," seeks to change the Internal Revenue Code of 1986 so that tips given to employees are not taxed as income or employment wages. This bill would treat tips as gifts, thus excluding them from federal income tax, Social Security,...
Simple Explanation
The Tax Free Tips Act of 2024 wants to make it so when people leave tips at restaurants or other places, those tips aren't taxed by the government. This means more money might stay in the pockets of waiters and other workers who get tips.
S. 5233 — To amend the Internal Revenue Code of 1986 to treat certain gains and dividends derived from counties of concern as ordinary income.
September 25, 2024
Status:Introduced in Senate
Congress:118
Words:1,063
The bill S. 5233, titled the “No Capital Gains Allowance for American Adversaries Act,” seeks to amend the Internal Revenue Code of 1986 to treat gains and dividends from certain countries of concern as ordinary income, not as capital gains. These countries include China...
Simple Explanation
The No Capital Gains Allowance for American Adversaries Act is a rule that treats money made from certain countries like China and Russia as regular earnings instead of special earnings, making taxes higher on them, starting January 2025.
H. R. 9452 — To provide antitrust exemptions for State licensed real estate brokers or their salespersons or any trade association to which they may belong regulated and licensed by States.
September 03, 2024
Status:Introduced in House
Congress:118
Words:624
H.R. 9452, titled the “Common Sense Real Estate Consumer Rights Protection Act of 2024,” seeks to provide antitrust exemptions for state-licensed real estate brokers, their salespersons, and any trade associations they might belong to. It emphasizes that the regulation and...
Simple Explanation
This bill wants to let real estate agents and their groups have their own special rules so they don't always have to follow big national rules. It believes that each state should be able to make its own rules about selling houses and buildings.
H. R. 9843 — 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 House
Congress:118
Words:2,128
H.R. 9843, known as the "Patriotic Investment Act," aims to amend the Internal Revenue Code of 1986 to encourage the sale of certain securities linked to the People’s Republic of China. The bill proposes treating gains from these securities as ordinary income and subjecting them to the...
Simple Explanation
This bill wants to make people pay more taxes if they own certain money-related things from China, so they will want to sell them. It hopes to make these things less interesting to own by making any profits from them cost more in taxes.
S. 1898 — To amend the Northwestern New Mexico Rural Water Projects Act to make improvements to that Act, and for other purposes.
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December 04, 2024
Status:Reported to Senate
Congress:118
Words:15,664
Senate Bill 1898 proposes changes to the Northwestern New Mexico Rural Water Projects Act to enhance its implementation. The bill seeks to facilitate the delivery of water to certain Navajo Nation communities and expand service areas in Arizona and New Mexico. It establishes funds for...
Simple Explanation
The bill wants to make sure more water gets to some Native American communities by changing how an old water project works, giving more money to help finish building it, and making rules about taking care of it.

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