This bill creates a business tax credit for companies that purchase zero-emission electric lawn, garden, and landscaping equipment. The credit equals 40 percent of the equipment's cost, with annual limits of $25,000 and a ten-year aggregate cap of $100,000 per business. Eligible equipment includes electric-powered mowers, trimmers, and other landscaping tools powered by solar, batteries, fuel cells, or grid electricity, as well as batteries and generators used to power them. The credit applies to equipment placed in service after December 31, 2024, and expires five years after the bill is enacted.
This bill, titled the Working Americans' Tax Cut Act, proposes two main tax changes: it creates an alternative maximum tax rate of 25.5% for low- and middle-income individuals earning less than 175% of a cost-of-living exemption, and it imposes a progressive surcharge on high-income individuals earning over $1 million. The low-income provision calculates taxes based on income above a living expense threshold that adjusts annually with inflation, while the high-income surcharge applies rates of 5%, 10%, and 12% to income brackets above $1 million, $2 million, and $5 million respectively. Both provisions use modified adjusted gross income as the base for calculations and apply to taxable years beginning after December 31, 2025. The bill would directly affect individual taxpayers by altering how their income is taxed under the Internal Revenue Code.
This bill, known as the Hearing Aid Assistance Tax Credit Act, would create a new tax credit for individuals who purchase hearing aids. It directly affects taxpayers who buy qualified hearing aids and want to reduce their income tax liability. The credit would provide up to $1,000 per year for hearing aid purchases that are not covered by insurance, with income limits set at $300,000 for joint filers and $150,000 for other individuals. The bill also includes a provision preventing taxpayers from claiming this credit more than once every five years and ensures they cannot receive both a deduction and credit for the same expense. These changes would take effect for taxable years beginning after December 31, 2026.
This bill creates a federal tax credit for businesses that purchase electric lawn, garden, and landscaping equipment that produces zero emissions. The credit allows eligible businesses to claim 40 percent of the equipment's cost as a tax reduction, with annual limits of $25,000 and a 10-year aggregate cap of $100,000. Covered equipment includes electric-powered mowers, trimmers, and other landscaping tools powered by electricity, batteries, or solar energy, as well as batteries and generators used to charge them. The credit applies to equipment placed in service after December 31, 2024, and expires five years after the bill is enacted.
This bill proposes a new windfall profits tax on crude oil producers and importers, targeting companies that extract or import more than 300,000 barrels of oil per day. The tax rate would be 50% of the amount by which current crude oil prices exceed a baseline set at the 2025 average, with adjustments for inflation in subsequent years. Revenue collected from this tax would be placed in a dedicated fund and then rebated directly to individual taxpayers as a credit against their income taxes. The rebate amount would be calculated quarterly based on the total tax revenue collected and distributed to eligible individuals, with higher amounts for joint filers and income-based phase-outs. The bill applies to oil extracted or imported after December 31, 2025, and includes provisions for territories with mirror tax systems to receive equivalent benefits.
This bill, titled the Healthcare is Human Act of 2026, creates a tax credit for licensed health care professionals who work in qualifying facilities, including Veterans Affairs medical facilities and those located in health professional shortage areas. The credit amount varies based on the number of hours worked each month, ranging from $300 to $500 per month depending on whether the professional works between 80-120, 120-160, or more than 160 hours of qualifying health care services. To receive the credit, professionals must work at least 80 hours in at least 8 months during the tax year, and their modified adjusted gross income must not exceed $200,000 for single filers or $400,000 for joint filers. The credit is available for taxable years beginning after December 31, 2025, and expires after December 31, 2030, with a requirement for a Government Accountability Office study to evaluate its impact on health care retention and access.
This bill creates a new tax credit for employers who increase the wages they pay to child care workers. It directly affects businesses that operate eligible child care facilities, which are defined as places serving at least six children and following state regulations. To qualify, an employer must pay higher average hourly wages to child care staff in the current year compared to the previous year, and the credit amount is based on the increase in those wages. The credit is generally 5% of the wage increase, but rises to 7% for facilities located in rural areas. Employers can choose to opt out of the credit if they prefer, and the bill also clarifies how the credit interacts with other tax provisions to prevent double benefits.
The Rebuild America's Schools Act of 2026 would provide $20 billion annually (2027-2031) to improve public school facilities across the United States. The bill directs funds to states based on previous Title I funding allocations, requiring states to contribute 10% of the funds (with some exceptions) and develop plans for equitable distribution to school districts. Local educational agencies must prioritize schools with high numbers of students eligible for free or reduced-price lunch, and funds can be used for construction, renovation, energy efficiency upgrades, removal of toxic substances, and making facilities accessible. The bill also establishes school infrastructure bonds to leverage private investment and includes specific provisions to repair foundations damaged by pyrrhotite.
HR 169, the Prevent Family Fire Act of 2025, creates a 10% tax credit for manufacturers selling qualifying safe firearm storage devices. The credit applies to the first retail sale of each device per year, capped at $400 per device, and excludes sales tax. A qualifying device must be designed to prevent unauthorized access or render firearms inoperable using an integrated combination, key, or biometric lock (excluding devices built into firearms or under recall). The credit is available for taxable years beginning after the bill's enactment through 2032, with annual reporting required by the Treasury.
HR 549 repeals a tax credit for clean fuel production from the Internal Revenue Code. It directly affects companies that produce clean fuel, removing a financial incentive they previously received. The bill eliminates Section 45Z of the tax code, which provided this credit, meaning businesses will no longer qualify for this specific tax benefit. The repeal takes effect for tax years beginning after December 31, 2024.
