The Data Center Tax Accountability and Disclosure Act of 2026 modifies tax rules and establishes reporting requirements for large data centers. It removes a tax incentive known as bonus depreciation for artificial intelligence data centers unless they meet specific green building standards, such as LEED Platinum or Gold certification. Additionally, the bill requires operators of data centers consuming at least 25 megawatts of power to submit detailed annual reports on their water and electricity usage, emissions, and backup power systems to state or federal agencies. These reports must be made public, and the law prohibits companies from using confidentiality agreements to hide this information. Operators who fail to comply with these reporting requirements face daily civil penalties of up to $100,000 for intentional violations.
The Anti-Fraud Fund Act of 2026 increases funding for the Health Care Fraud and Abuse Control Account by $7 billion annually from fiscal year 2027 through 2030. This additional money is intended to support the government's efforts in detecting and preventing fraud within the healthcare system. The bill modifies existing laws to ensure these funds are available for the specified period without altering other spending limits.
The Increasing Opportunity For Reindustrialization Act designates census tracts containing former Department of Defense installations as Qualified Opportunity Zones. This change allows communities near closed military bases to access federal tax incentives intended for economic development, even if they do not meet the standard low-income requirements. The bill specifically amends the Internal Revenue Code to include these areas in the program and increases the number of eligible zones per state to accommodate them.
The Taxpayer Transparency and Notice Act requires the IRS to send quarterly notices to taxpayers with unpaid tax debts, rather than just once a year. These notices must include an estimate of future penalties and interest if the debt is not paid, along with information on assistance programs available to the taxpayer. The law exempts taxpayers who already have payment agreements, accepted offers in compromise, or who are deemed unable to pay from these quarterly reminders. The changes will not take effect until 24 months after the bill is enacted.
The American Shipyard Investment Act of 2026 creates a new tax credit to encourage investment in U.S. shipyards that build or repair commercial and military vessels. This credit allows taxpayers to deduct 25 percent of their qualified investments in these facilities from their taxes, increasing to 35 percent for projects located in designated economic zones. The law defines eligible investments as property used for constructing, repairing, or manufacturing parts for ships and sets a deadline of December 31, 2033, for when the property must be put into service. Additionally, the bill permits businesses to transfer unused tax credits to other entities and provides an exemption from a specific alternative tax on shipping activities.
The American Dream Accounts Act of 2026 creates a new type of tax-advantaged trust designed to help U.S. citizens save for purchasing their first home. This account allows individuals to contribute up to $7,500 annually, or $10,000 if they are over 35, with a lifetime limit of $250,000, and the funds must be managed by a bank or a qualified administrator. Money withdrawn from the account remains tax-free only if used to buy a first home, provided the buyer has not previously claimed this benefit and the home is kept for at least three years. The bill also permits rolling over distributions into other American Dream Accounts or Roth IRAs and imposes taxes on excess contributions or withdrawals used for non-qualified expenses.
The Expanding Opportunities for Recovery Act of 2026 directs federal funding to states to improve access to opioid addiction treatment for individuals who lack health insurance or face coverage barriers. These grants must be managed by state substance abuse agencies and used to provide evidence-based services, such as medication-assisted treatment, based on medical recommendations. The legislation explicitly limits grant funds to cover no more than 60 consecutive days of treatment per person and requires states to report data on treatment outcomes and usage. Additionally, the bill mandates that the federal government evaluate the program's effectiveness and share results publicly while offering technical assistance to participating states.
This resolution expresses support for the Trump administration's efforts to prevent fraud, waste, and abuse in the Supplemental Nutrition Assistance Program (SNAP). It highlights specific findings from 29 states that shared data, noting issues such as deceased individuals receiving benefits and people using incorrect Social Security numbers. The bill aims to increase transparency and ensure taxpayer dollars are redirected to eligible low-income families rather than being lost to criminal actors.
The Spotted Wing Abatement Trust Act of 2026 creates a new funding source within the Department of Agriculture to combat the spotted wing drosophila, an invasive insect that damages crops like berries, peaches, and cherries. This bill establishes a specific fund authorized to receive $6.5 million annually for five years to support research and mitigation efforts against the pest. The Administrator of the Animal and Plant Health Inspection Service will manage the fund by awarding grants or cooperative agreements to eligible recipients for these activities. The legislation aims to address the estimated 20 percent revenue loss in affected fruit crops caused by this invasive species.
The Young Farmer Success Act expands student loan forgiveness to include individuals working full-time as employees or managers on farms and ranches. To qualify, these agricultural operations must generate at least $35,000 in gross revenue from selling agricultural products in 2026, with the required income increasing annually based on inflation adjustments. This change directly affects young people seeking loan relief who are currently employed in the farming and ranching sectors but were previously ineligible for this specific provision.
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