US Congress Subject | Income tax deductions

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USSB1935IntroTribal Tax and Investment Reform Act of 2017 This bill amends the Internal Revenue Code (IRC) to include Indian tribal governments in an annual allocation of a national tax-exempt bond volume cap. The bill repeals provisions that limit an Indian trib...
[Detail][Text][Discuss]
2017-10-05
To Senate Finance Committee
USHB3925IntroPatriot Employer Act of 2017
[Detail][Text][Discuss]
2017-10-03
To House Ways And Means Committee
USHB3823PassDisaster Tax Relief and Airport and Airway Extension Act of 2017 This bill extends several federal aviation programs, aviation taxes, and public health programs. It also modifies requirements for purchasing flood insurance and provides tax incentives...
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2017-09-29
Became Public Law No: 115-63.
USHB1628EngrossAmerican Health Care Act of 2017 TITLE I--ENERGY AND COMMERCE Subtitle A--Patient Access to Public Health Programs (Sec. 101) This bill amends the Patient Protection and Affordable Care Act (PPACA) to eliminate funding after FY2018 for the Prevention...
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2017-09-14
S.Amdt.543 Considered by Senate.
USHB3679IntroNational Disaster Tax Relief Act of 2017
[Detail][Text][Discuss]
2017-09-05
To House Ways And Means Committee
USSB1710IntroClose Big Oil Tax Loopholes Act This bill amends the Internal Revenue Code to limit or repeal certain tax benefits for major integrated oil companies (certain companies with annual gross receipts over $1 billion and an average daily worldwide product...
[Detail][Text][Discuss]
2017-08-02
To Senate Finance Committee
USHCR76IntroExpressing the sense of the Congress that the current Federal income tax deduction for interest paid on debt secured by a first or second home and for property taxes should not be further restricted. Expresses the sense of Congress that the federal i...
[Detail][Text][Discuss]
2017-07-28
To House Ways And Means Committee
USHB3349IntroMechanical Insulation Installation Incentive Act of 2017 This bill amends the Internal Revenue Code to allow an additional tax deduction for the cost of installing mechanical insulation property. The bill: (1) limits the amount of such deduction to t...
[Detail][Text][Discuss]
2017-07-20
To House Ways And Means Committee
USHB3277IntroTo amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for health insurance premiums. This bill amends the Internal Revenue Code to allow an individual taxpayer a deduction from gross income of insurance premiums paid for the...
[Detail][Text][Discuss]
2017-07-18
To House Ways And Means Committee
USSB1551IntroEconomic Freedom Zones Act of 2017
[Detail][Text][Discuss]
2017-07-13
To Senate Finance Committee
USHB3048IntroStudent Loan Interest Deduction Act of 2017 This bill amends the Internal Revenue Code to: (1) increase the maximum tax deduction for interest paid on any qualified education loan to $5,000 ($10,000 for married couples filing a joint tax return), and...
[Detail][Text][Discuss]
2017-07-05
To House Subcommittee on Trade Committee
USHB3046IntroHelp All Americans Save for College Act of 2017 This bill amends the Internal Revenue Code to modify the tax treatment of qualified tuition programs (known as 529 plans) and ABLE accounts. (Tax-favored ABLE [Achieving a Better Life Experience] accoun...
[Detail][Text][Discuss]
2017-07-05
To House Subcommittee on Trade Committee
USHB3136IntroGraduate Student Savings Act of 2017 This bill amends the Internal Revenue Code to allow funds paid to an individual to aid in the pursuit of graduate or postdoctoral study or research to be saved in an Individual Retirement Account (IRA). The bill p...
[Detail][Text][Discuss]
2017-06-29
To House Ways And Means Committee
USHB3138IntroTribal Tax and Investment Reform Act of 2017 This bill amends the Internal Revenue Code (IRC) to include Indian tribal governments in an annual allocation of a national tax-exempt bond volume cap. The bill repeals provisions that limit an Indian trib...
[Detail][Text][Discuss]
2017-06-29
To House Ways And Means Committee
USSB1422IntroAgriculture Equipment and Machinery Depreciation Act This bill amends the Internal Revenue Code to eliminate the placed-in-service restriction on the depreciation of certain farming business machinery and equipment and to make permanent the five-year...
[Detail][Text][Discuss]
2017-06-22
To Senate Finance Committee
USSB1379IntroGraduate Student Savings Act of 2017 This bill amends the Internal Revenue Code to allow funds paid to an individual to aid in the pursuit of graduate or postdoctoral study or research to be saved in an Individual Retirement Account (IRA). The bill p...
[Detail][Text][Discuss]
2017-06-19
To Senate Finance Committee
USHB2931IntroCommunity Economic Assistance Act of 2017 This bill amends the Internal Revenue Code to provide for the establishment of community economic assistance zones that are eligible for certain tax deductions and credits. A zone must be nominated by the gov...
[Detail][Text][Discuss]
2017-06-16
To House Financial Services Committee
USHB2916IntroCharities Helping Americans Regularly Throughout the Year Act of 2017
[Detail][Text][Discuss]
2017-06-15
To House Ways And Means Committee
USSB1358IntroPrimary Care Enhancement Act of 2017 This bill amends the Internal Revenue Code to: (1) permit an individual to pay primary care service arrangement costs from a health savings account; and (2) allow an eligible taxpayer enrolled in a high-deductible...
[Detail][Text][Discuss]
2017-06-14
To Senate Finance Committee
USSB1343IntroCharities Helping Americans Regularly Throughout the Year Act of 2017
[Detail][Text][Discuss]
2017-06-13
To Senate Finance Committee
USHB2818IntroDisaster Savings Accounts Act of 2017 This bill amends the Internal Revenue Code to: (1) establish tax-exempt disaster savings accounts to pay the expenses of homeowners for disaster mitigation and recovery expenses, (2) allow a deduction from gross ...
[Detail][Text][Discuss]
2017-06-07
To House Ways And Means Committee
USHB2671Intro21st Century Investment Act of 2017 This bill amends the Internal Revenue Code to: (1) modify the tax credit for increasing research activities to allow an increased 25% tax credit rate for expenses for research, substantially all of which occurs in ...
[Detail][Text][Discuss]
2017-05-25
To House Ways And Means Committee
USSB1174IntroArtist-Museum Partnership Act of 2017 This bill amends the Internal Revenue Code to allow taxpayers who create literary, musical, artistic, scholarly compositions, or similar property a fair market value (determined at the time of contribution) tax d...
[Detail][Text][Discuss]
2017-05-18
To Senate Finance Committee
USHB2534IntroRebuilding American Manufacturing Act of 2017 This bill amends the Internal Revenue Code to allow taxpayers engaged in domestic manufacturing in the United States a tax deduction equal to 50.5% (43% for C corporations) of the lesser of their domestic...
[Detail][Text][Discuss]
2017-05-18
To House Ways And Means Committee
USHB2533IntroWorking Parents Flexibility Act of 2017 This bill amends the Internal Revenue Code to establish a tax-exempt parental leave savings account for the care of a child, to which an individual taxpayer who has earned income from employment during the past...
[Detail][Text][Discuss]
2017-05-18
To House Ways And Means Committee
USHB2477IntroBank on Students Emergency Loan Refinancing Act
[Detail][Text][Discuss]
2017-05-17
To House Budget Committee
USHB2450IntroFILM Act of 2017 Facilitating Investments in Local Markets Act of 2017 This bill amends the Internal Revenue Code to extend through 2018 provisions that allow the expensing of the costs of qualified film, television, and live theatrical productions.
[Detail][Text][Discuss]
2017-05-16
To House Ways And Means Committee
USHB2310IntroFaith in Health Savings Accounts Act of 2017 This bill amends the Internal Revenue Code to treat membership in a tax-exempt health care sharing ministry as coverage under a high deductible health plan for purposes of the tax deduction for contributio...
[Detail][Text][Discuss]
2017-05-03
To House Ways And Means Committee
USHB2339IntroCapital Access for Small Business Banks Act This bill amends the Internal Revenue Code to allow a bank or a depository institution holding company which is an S corporation to: (1) have 500 shareholders (the current limit is 100 shareholders), and (2...
[Detail][Text][Discuss]
2017-05-03
To House Ways And Means Committee
USHB2297IntroPARTNER Act Partnerships to Advance Revolutionary Technology and Novel Entrepreneurial Research Act This bill amends the Internal Revenue Code to exempt from the definition of "passive activity," for purposes of the passive loss tax rules, any qualif...
[Detail][Text][Discuss]
2017-05-02
To House Ways And Means Committee
USHB2253IntroClean Vehicles Incentive Act of 2017 This bill amends the Internal Revenue Code to allow certain businesses a general business tax credit for the cost of certain clean-fuel vehicle property and the use of clean-burning fuel if the businesses are loca...
[Detail][Text][Discuss]
2017-04-28
To House Ways And Means Committee
USSB955IntroPaying a Fair Share Act of 2017 This bill amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million (high-income taxpayer) to pay a minimum tax rate of 30% of the excess of the taxpayer's adjust...
[Detail][Text][Discuss]
2017-04-27
To Senate Finance Committee
USHB2159IntroPaying a Fair Share Act of 2017 This bill amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million (high-income taxpayer) to pay a minimum tax rate of 30% of the excess of the taxpayer's adjust...
[Detail][Text][Discuss]
2017-04-26
To House Ways And Means Committee
USHB2181IntroInsurance Company Tax Modernization and Parity Act of 2017 This bill amends the Internal Revenue Code to allow affiliated life and non-life insurance companies to file consolidated tax returns. The bill also allows: (1) a phase-in of the full applica...
[Detail][Text][Discuss]
2017-04-26
To House Ways And Means Committee
USHB1824IntroResponsibly Addressing the Marijuana Policy Gap Act of 2017
[Detail][Text][Discuss]
2017-04-24
To House Subcommittee on Immigration And Border Security Committee
USHB2091IntroMotorsports Fairness and Permanency Act This bill amends the Internal Revenue Code to make permanent the accelerated depreciation (seven-year recovery period) of motorsports entertainment complexes.
[Detail][Text][Discuss]
2017-04-12
To House Ways And Means Committee
USHB2092IntroPromotion and Expansion of Private Employee Ownership Act of 2017 This bill amends the Internal Revenue Code to: (1) extend to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer ...
[Detail][Text][Discuss]
2017-04-12
To House Small Business Committee
USHB1649IntroCREATE Act of 2017 Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2017 This bill amends the Internal Revenue Code to: (1) allow artists to claim tax deductions for qualified artistic charitable contributions bas...
[Detail][Text][Discuss]
2017-04-11
To House Commodity Exchanges, Energy, and Credit Committee
USSB893IntroSMART Act Simplified, Manageable, And Responsible Tax Act This bill amends the Internal Revenue Code to replace the marginal income tax rates with a single rate of 17% on individual taxable income. The bill redefines "taxable income" to mean the amou...
[Detail][Text][Discuss]
2017-04-07
To Senate Finance Committee
USHB1883IntroExpanding Broadcast Ownership Opportunities Act of 2017 This bill amends the Communications Act of 1934 and the Internal Revenue Code to reestablish a tax certificate program under which the Federal Communications Commission (FCC) certifies a person'...
[Detail][Text][Discuss]
2017-04-07
To House Subcommittee on Communications and Technology Committee
USHB2019IntroTo amend the Internal Revenue Code of 1986 to exclude certain abortions from the definition of qualified medical expenses for purposes of distributions from health savings accounts. This bill amends the Internal Revenue Code to specify that, for the ...
[Detail][Text][Discuss]
2017-04-06
To House Ways And Means Committee
USHB2057IntroTax Fairness and Transparency Act This bill amends the Internal Revenue Code to limit the tax deduction of the interest expense of a U.S. corporation that is a member of a financial reporting group (a group that prepares consolidated financial statem...
[Detail][Text][Discuss]
2017-04-06
To House Financial Services Committee
USHB2078IntroJump Start America Act of 2017 This bill amends the Internal Revenue Code, with respect to several corporate and individual income tax policies, to: revise individual income tax rates to establish a 20% rate on taxable income of $1 million or less an...
[Detail][Text][Discuss]
2017-04-06
To House Ways And Means Committee
USHB1932IntroStop Tax Haven Abuse Act This bill authorizes the Department of the Treasury to impose restrictions on foreign jurisdictions or financial institutions to counter money laundering and efforts to significantly impede U.S. tax enforcement. The bill amen...
[Detail][Text][Discuss]
2017-04-05
To House Financial Services Committee
USSB851IntroStop Tax Haven Abuse Act This bill authorizes the Department of the Treasury to impose restrictions on foreign jurisdictions or financial institutions to counter money laundering and efforts to significantly impede U.S. tax enforcement. The bill amen...
[Detail][Text][Discuss]
2017-04-05
To Senate Finance Committee
USHB1776IntroImproving Access To Affordable Prescription Drugs Act
[Detail][Text][Discuss]
2017-04-05
To House Subcommittee on Health Committee
USSB803IntroGovernment Settlement Transparency and Reform Act This bill amends the Internal Revenue Code to expand provisions relating to the nondeductibility of fines and penalties to prohibit a tax deduction for any amount paid or incurred to, or at the direct...
[Detail][Text][Discuss]
2017-04-03
To Senate Finance Committee
USHB1804IntroRace Horse Cost Recovery Act of 2017 This bill amends the Internal Revenue Code to modify the accelerated depreciation allowance for race horses to allow a three-year recovery period for any race horse. (Current law limits the three-year recovery per...
[Detail][Text][Discuss]
2017-03-30
To House Ways And Means Committee
USHB1810IntroSmall Business Tax Equity Act of 2017 This bill amends the Internal Revenue Code to exempt a trade or business that conducts marijuana sales in compliance with state law from the prohibition against allowing business-related tax credits or deductions...
[Detail][Text][Discuss]
2017-03-30
To House Ways And Means Committee
USSB777IntroSmall Business Tax Equity Act of 2017 This bill amends the Internal Revenue Code to exempt a trade or business that conducts marijuana sales in compliance with state law from the prohibition against allowing business-related tax credits or deductions...
[Detail][Text][Discuss]
2017-03-30
To Senate Finance Committee
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