Budget & Taxes

in committee · United States · House Mar 18, 2025

HR 2198: To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.

This bill changes a tax rule for Real Estate Investment Trusts (REITs) that use taxable subsidiaries. It increases the percentage limit for assets held in these subsidiaries from 20% to 25% of a REIT's total assets, directly affecting REIT companies that operate through such subsidiaries. The key provision amends the Internal Revenue Code to restore this higher asset threshold, which had been reduced earlier. The change applies to taxable years starting after December 31, 2025.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill increases REIT tax benefits (25% asset limit), aligning with 'tax breaks primarily for wealthy' indicator per oppose criteria.85% confidence

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in committee · United States · House Mar 4, 2025

HR 1821: HELD Act

The HELD Act would deny federal funding to states and local governments that fail to comply with federal immigration detainers. It specifically targets jurisdictions with policies preventing law enforcement from (1) promptly sharing an immigrant's release date with the Department of Homeland Security or (2) holding an immigrant for up to 48 hours to facilitate transfer to federal custody. Federal funds for any project or activity in such jurisdictions would be withheld starting in the fiscal year after the bill's enactment. This policy directly affects state and local governments that restrict cooperation with immigration enforcement requests.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill explicitly withholds federal funds from non-compliant jurisdictions, defunding state/local projects as a policy enforcement mechanism.95% confidence ✗ ImmigrationOpposes ImmigrationMandates state compliance with federal detainers by withholding funds from non-compliant jurisdictions, directly opposing sanctuary policies.95% confidence

Sub-Topics Detention Enforcement Sanctuary Policies

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in committee · United States · House Feb 12, 2025

HR 1237: PANELS Act

The PANELS Act amends U.S. tax code provisions to exclude solar energy projects on prime or unique farmland from federal tax credits. Specifically, it revises Section 48 (energy property credits) and Section 45Y (clean electricity production credits) to require that solar facilities not be located on land designated as "prime farmland" or "unique farmland" under existing USDA definitions (7 CFR § 657). This directly affects solar developers seeking these tax benefits, as projects on such agricultural land will no longer qualify. The change applies to property placed in service after the bill’s enactment, aiming to protect high-quality farmland from being converted for solar development.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts tax credits for solar projects on protected farmland, limiting tax benefits under Sections 48/45Y per bill summary.95% confidence ✗ EnergyOpposes EnergyRestricts solar development on prime farmland by denying tax credits, blocking renewable energy deployment on agricultural land per USDA definitions.90% confidence ✓ EnvironmentSupports EnvironmentBill protects prime/unique farmland conservation by restricting solar tax credits on such land, aligning with environmental conservation goals.85% confidence

Sub-Topics Tax Credits Solar Climate Change

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in committee · United States · House Feb 12, 2025

HR 1233: To prohibit the obligation or expenditure of Federal funds for disinformation research grants, and for other purposes.

HR 1233 prohibits federal agencies from using taxpayer money to fund specific research programs. It bans spending on disinformation research grants, Secure and Trustworthy Cyberspace grants, and the National Science Foundation's Track F program focused on "Trust and Authenticity in Communications Systems." This directly affects federal departments and agencies that would otherwise allocate funds for these research areas, as well as researchers or institutions seeking such grants. The bill makes a concrete change by blocking federal funding for these particular research initiatives, without altering broader disinformation policies or creating new regulations.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill explicitly prohibits federal spending on specific research grants, defunding programs like disinformation research and NSF Track F, directly restricting government expenditure.95% confidence ✗ TechnologyOpposes TechnologyDefunds cybersecurity (Secure and Trustworthy Cyberspace) and disinformation research grants, directly restricting tech policy advancement in trust systems.95% confidence

Sub-Topics Government Spending Cybersecurity

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in committee · United States · House Mar 18, 2025

HR 2187: To amend the Internal Revenue Code of 1986 to disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters of the United States or the coastal waters of the United States.

HR 2187 amends U.S. tax law to disallow key federal tax credits for offshore wind facilities located in inland navigable waters or coastal waters of the United States. Specifically, it removes eligibility for the investment tax credit (Section 48), production tax credit (Section 45), and clean electricity production tax credit (Section 45Y) for projects in these water areas. The bill defines "disqualified offshore wind facilities" as those situated in the specified waters, preventing them from qualifying for these financial incentives. This change applies to energy produced and property placed in service after December 31, 2025, directly affecting developers planning offshore wind projects in U.S. coastal or inland waterways.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRemoves federal tax credits (Section 48, 45, 45Y) for offshore wind projects, restricting tax incentives under tax law.95% confidence ✗ EnergyOpposes EnergyRemoves tax credits for offshore wind projects, directly restricting renewable energy development in coastal/inland waters.95% confidence ✗ EnvironmentOpposes EnvironmentBill disallows tax credits for offshore wind projects (a clean energy source) in coastal/inland waters, directly restricting development of renewable energy infrastructure that advances climate goals.92% confidence

Sub-Topics Tax Credits Wind Coastal & Flood Protection

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in committee · United States · House Feb 13, 2025

HR 1301: Death Tax Repeal Act

HR 1301, the Death Tax Repeal Act, would eliminate the federal estate tax and generation-skipping transfer tax for estates of individuals dying on or after its enactment date. It directly affects individuals inheriting significant assets, as it removes taxes on estates exceeding $10 million (adjusted for inflation) and repeals taxes on large transfers between generations. The bill modifies the gift tax by establishing a $10 million lifetime exemption with annual inflation adjustments, replacing previous tax brackets. It applies to estates, gifts, and transfers occurring on or after the bill's effective date.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepeals federal estate tax, creating tax breaks for wealthy estates, aligning with 'oppose' indicators for tax breaks benefiting affluent groups.90% confidence

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in committee · United States · House Feb 21, 2025

HR 1462: To amend the Internal Revenue Code of 1986 to disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters of the United States or the coastal waters of the United States.

HR 1462 removes tax credits for offshore wind facilities located in the inland navigable waters or coastal waters of the United States. Specifically, it disallows the investment tax credit (Section 48) and production tax credits (Sections 45 and 45Y) for such facilities placed in service after December 31, 2025. This policy change directly affects developers building wind projects in these specific waterways, as they will no longer qualify for federal tax incentives. The bill modifies existing tax code provisions without altering the broader eligibility for offshore wind projects in open ocean waters.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill disallows tax credits (ITC/PTC) for offshore wind projects, restricting tax incentives and reducing government spending on renewable energy subsidies.95% confidence ✗ EnergyOpposes EnergyRemoves tax credits (ITC/PTC) for offshore wind in coastal/inland waters, blocking renewable energy development by eliminating federal incentives for projects after 2025.95% confidence ✗ EnvironmentOpposes EnvironmentRemoves tax credits for offshore wind (clean energy), defunding renewable projects and weakening environmental protection efforts by hindering development of coastal wind energy.95% confidence

Sub-Topics Tax Credits Wind Coastal & Flood Protection

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in committee · United States · House Mar 10, 2025

HR 1982: Return to Sender Act

HR 1982, the Return to Sender Act, rescinds unobligated funds from two specific sections (70002 and 70003) of the Inflation Reduction Act (Public Law 117-169) as of its enactment date. The bill repeals those sections of the Inflation Reduction Act and directs the rescission of any remaining unspent funds allocated under them. This action directly affects the funding mechanisms established by the Inflation Reduction Act, redirecting unused resources. It is a procedural bill focused solely on fiscal adjustments to existing legislation.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRescinds unobligated funds from Inflation Reduction Act sections, defunding allocated programs. Directly reduces government spending on specific initiatives.95% confidence ✗ EnergyOpposes EnergyBill rescinds funding from Inflation Reduction Act clean energy provisions, weakening renewable energy development and clean energy standards85% confidence ✗ EnvironmentOpposes EnvironmentBill rescinds funding from Inflation Reduction Act environmental provisions, weakening climate and environmental protections.85% confidence

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in committee · United States · House Mar 3, 2025

HR 1774: To amend title 23, United States Code, to withhold certain apportionment funds from the District of Columbia unless the Mayor of the District of Columbia removes the phrase Black Lives Matter from the street symbolically designated as Black Lives Matter Plaza, redesignates such street as Liberty Plaza, and removes such phrase from each website, document, and other material under the jurisdiction of the District of Columbia.

HR 1774 requires the Mayor of the District of Columbia to rename "Black Lives Matter Plaza" (on 16th Street NW between H and K Streets) to "Liberty Plaza" and remove the phrase "Black Lives Matter" from all District government websites, documents, and materials within 60 days of the bill's enactment. If the District fails to comply, the bill mandates withholding 50% of certain federal highway funds apportioned to the District each fiscal year. The bill directly affects the District of Columbia government's official materials and street designations, not private entities or the general public. It imposes a specific, time-bound requirement tied to federal funding, with no exemptions or alternative compliance mechanisms outlined.

Topics ✗ Budget & TaxesOpposes Budget & TaxesDefunds D.C. highway funds (50% withholding) unless renaming compliance, restricting budget allocation per bill's enforcement mechanism.95% confidence

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in committee · United States · House Feb 27, 2025

HR 1668: End FEMA Benefits for Illegal Immigrants Act

HR 1668 prohibits the Federal Emergency Management Agency (FEMA) from using funds to support sheltering programs or facility improvements for U.S. Customs and Border Protection (CBP) short-term holding facilities. It specifically cancels unused funds from two 2023 and 2024 appropriations acts that were previously allocated to FEMA for this purpose. The bill directly affects FEMA's budget authority and prevents the agency from funding non-Federal entities providing such support. This is a procedural funding change, not a new immigration policy.

Topics ✗ Budget & TaxesOpposes Budget & TaxesDefunds FEMA support for CBP facilities by canceling allocated funds, directly restricting budget authority for non-essential immigration programs.95% confidence ✗ ImmigrationOpposes ImmigrationDefunds FEMA support for CBP holding facilities, restricting immigration enforcement resources and limiting federal funding for immigrant detention infrastructure.95% confidence

Sub-Topics Border Security Detention Enforcement Tags Emergency Management

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