Rep. Jim Costa

Maddy summary# Summary of Proposed Tax Code Amendment This document is a comprehensive proposal for tax code amendments, primarily focused on extending, modifying, and creating new tax credits related to clean energy, energy efficiency, and environmental initiatives. The key components include: ## Housing and Residential Credits - **First-Time Homebuyer Tax Credit**: A refundable credit for first-time homebuyers (Section 13001) - **Renter Tax Credit**: A refundable credit for renters paying more than 30% of their adjusted gross income in rent (Section 13002) ## Clean Energy Credits (Sections 21001-21007) - Extended clean energy production credit with a new phase-out date (2032 or when greenhouse gas emissions reach 25% of 2022 levels) - Extended clean electricity investment credit for wind and solar facilities - Restored credit for wind and solar leasing arrangements - Extended clean hydrogen production credit (construction date reverted to 2033) - Extended residential clean energy credit (termination date moved to 2034) - Reinstated special rate for sustainable aviation fuel (35 cents/ gallon for certain facilities) ## Energy Efficiency Credits (Sections 22001-22004) - Restored product identification number requirement for energy-efficient home improvements - Extended new energy efficient home credit (acquisition date moved to 2032) - Repealed termination of new energy efficient commercial buildings deduction - Restored cost recovery for energy property ## Electric Vehicle and Charging Infrastructure Credits (Sections 23001-23005) - Extended previously-owned vehicle credit (acquisition date moved to 2032) - Extended clean vehicle credit (placement in service date moved to 2032) - Extended commercial clean vehicles credit (termination date moved to 2032) - Extended alternative fuel vehicle refueling property credit (termination date moved to 2032) - Created a new credit for electric bicycles (30% of cost, up to $5,000 per bicycle) ## Clean Infrastructure and Resiliency Credits (Sections 24001-24007) - Created qualifying water reuse project credit (30% of qualified investment) - Created recycling property investment credit (30% of qualified investment with phase-out) - Excluded amounts received from State-based catastrophe loss mitigation programs from gross income - Expanded exclusion for certain emergency agricultural assistance - Created credit for disaster mitigation expenditures (30% of qualifying mitigation activities) - Created qualifying electric power transmission line credit (30% of qualified investment) - Created qualifying advanced battery project credit (30% of qualified investment with $3 billion cap) The proposed amendments generally extend existing credits through 2032-2037, with some credits having phase-out schedules and others having specific termination dates. The document also includes numerous conforming amendments to other sections of the tax code to accommodate these changes.

Maddy summaryThis bill provides tax relief to individuals affected by qualifying disasters. It allows taxpayers to use their previous year's earned income to calculate tax credits like the Earned Income Tax Credit if their 2025 income was reduced by a disaster. The bill temporarily removes limits on charitable contributions for disaster relief, permits penalty-free withdrawals up to $100,000 from retirement plans, and adjusts rules for claiming personal casualty losses related to disasters. These provisions apply to individuals whose principal homes were in designated disaster areas during specific periods. The bill aims to help disaster survivors recover financially by easing tax burdens related to their losses.

Maddy summaryThe RESTRICT Act (HR 6879) requires U.S. companies to obtain a license before exporting advanced computer chips to countries listed in a specific export control group (as of January 2025) and to regions like Hong Kong and Macau. It also blocks licenses for exports to entities primarily located in countries of concern (including those same nations plus Hong Kong and Macau). U.S. companies may avoid the license requirement if they meet strict conditions, such as limiting foreign ownership to 10% and implementing security measures to prevent misuse. The law expires five years after enactment.

Maddy summaryHR 6840, the ARMENIA Security Partnership Act, requires the U.S. Secretary of Defense to annually certify whether Azerbaijan has met specific conditions related to Armenia, including withdrawing forces from Armenian territory, releasing prisoners, ending hostilities, and recognizing Armenian rights in Nagorno-Karabakh. If certification fails, the bill mandates an immediate review of U.S. security assistance to Armenia to assess gaps in Armenia’s defense capabilities and identify needed support. The review must evaluate historical U.S. security aid, threats to Armenia, and recommend steps to strengthen Armenia’s self-defense. It also blocks the use of a specific waiver (under the FREEDOM Support Act) that could bypass security aid restrictions if certification is not met. The bill directly affects U.S. security assistance decisions for Armenia based on Azerbaijan’s compliance with these conditions.

Maddy summaryHR 6849 designates the U.S. Postal Service facility at 2121 Meridian Park Boulevard in Concord, California, as the "Carl Jefferson Post Office Building." This bill updates all official U.S. government references (laws, maps, documents) to the facility to reflect its new name. It directly affects the postal facility itself and any federal records mentioning it. The bill contains no substantive policy changes or funding provisions, solely serving a ceremonial naming purpose.

Maddy summaryThe SPEED Act reforms the National Environmental Policy Act (NEPA) to streamline federal environmental reviews for projects. It limits agencies to considering only "proximate" environmental effects directly tied to a specific project (not speculative or distant impacts), sets strict 180-day deadlines for court remands, and restricts judicial review to procedural errors - not environmental outcomes. This primarily affects federal agencies (like the EPA or Corps of Engineers) and project developers (e.g., for infrastructure, energy, or construction projects) by reducing review scope and accelerating approvals. The bill clarifies NEPA is purely procedural, prohibiting courts from substituting their judgment on environmental effects or delaying actions for new scientific data after deadlines.

Essential Caregivers Act of 2025   This bill prohibits certain health care facilities from limiting the access of essential caregivers to residents of those facilities, including during designated emergency periods.   Specifically, the bill generally prohibits Medicare skilled nursing facilities, Medicaid nursing facilities, Medicaid intermediate care facilities, and associated inpatient rehabilitation facilities from restricting the access of essential caregivers to residents of the facilities, including during emergency periods in which visitation rights are otherwise restricted. During emergency periods, facilities may restrict access for an initial period of up to seven days and for one additional maximum seven-day period (if the additional period is approved by the state health department). Facilities may restrict access for a total of 7 days (or 14 days with the approval of the state health department) during an emergency period. Essential caregivers must agree to comply with any safety protocols set by the facility, which may be no more stringent for caregivers compared to those for staff. Caregivers who fail to comply with these requirements may be denied access, subject to an appeals process.

Maddy summaryThis bill amends a section of federal law to change the reference from "the White House" to "the People's White House" in a specific legal citation (Section 307104 of Title 54, U.S. Code). It is a purely procedural change to the text of the law, not a substantive policy shift. The bill does not alter historic preservation standards, protections, or funding for the White House grounds. It simply updates the formal name used within the legal code.

Maddy summaryThe Protect America's Workforce Act cancels an executive order issued on March 27, 2025, that excluded certain groups from federal labor-management relations programs, making it legally unenforceable. It also ensures that all collective bargaining agreements between federal agencies and labor unions, which were active as of March 26, 2025, remain fully effective until their agreed terms expire. This directly affects federal agencies, labor unions, and the employees covered by these agreements. The bill prevents federal funds from being used to implement the canceled executive order while preserving existing labor agreements.

Miracle on Ice Congressional Gold Medal Act This act provides for the award of Congressional Gold Medals to the members of the 1980 U.S. Olympic men's ice hockey team in recognition of the team's achievement at the 1980 Winter Olympic Games.