HR 7460, the Airborne Act of 2026, creates a new tax credit for property owners to improve indoor air quality in commercial, public, and nonprofit buildings. It provides tax credits of $1 per square foot for air quality assessments, $5 per square foot for air cleaning system upgrades, and $50 per square foot for HVAC upgrades, with higher rates ($25/$250) if projects meet prevailing wage and 15% apprentice labor requirements. The credit applies only to properties meeting ASHRAE air quality standards (62.1-2022 or 241-2023) and requires certification by the Department of Energy. Property owners can claim the credit against federal taxes, with annual limits capping upgrade credits at 50% of related costs.
HR 7417 reauthorizes and expands the WISEWOMAN program to include heart health screenings and education for low-income women. The bill directs the CDC to award grants for blood pressure and cholesterol screenings, health education, and referrals for heart disease prevention, building on existing breast and cervical cancer services. It specifically targets low-income women who are already served by the WISEWOMAN program or meet new eligibility criteria set by the Secretary. The expansion is funded with $250 million over five fiscal years (2027-2031), with services to be provided by current WISEWOMAN grantees or approved alternative providers.
HR 7473 (CMMSA 2.0) increases the tax credit for battery manufacturing from 10% to 25% for electrode materials used in battery production. It adds new requirements that battery components cannot contain critical minerals extracted, processed, or recycled after 2026 by foreign entities deemed a security threat. The bill also expands what qualifies as "electrode active materials" to include precursor materials (like lithium hydroxide) and solid state electrolytes. Finally, it extends the phaseout period for certain critical mineral credits until 2041, instead of 2030. This directly affects battery manufacturers seeking tax credits for domestic production.
The Save for Success Act (HR 7393) amends the tax code to allow distributions from 529 college savings plans to be used for first-time homebuyers' housing expenses, such as purchasing a principal residence, closing costs, and mortgage payments. It directly affects individuals using 529 plans who qualify as first-time homebuyers - defined as those with no ownership of a principal residence in the past three years. The key provision expands the list of qualified expenses under 529 plans beyond education costs to include home purchases, while maintaining the "first-time homebuyer" definition from existing tax law. This change takes effect for distributions made after December 31, 2026.
HR 7395, the NO ICE ADs Act, prohibits the Department of Homeland Security (DHS) from spending federal funds on television advertisements promoting U.S. Immigration and Customs Enforcement (ICE), recruiting for ICE, or improving ICE's public image. This bill directly affects DHS by restricting how it can use its budget for communication activities related to ICE. The key provision bans the obligation or expenditure of funds for any TV ads intended to advance ICE's brand, programs, or personnel recruitment. It does not alter immigration enforcement policies or create new legal requirements, only limiting specific advertising spending. The bill aims to prevent federal resources from being used to support ICE's public outreach efforts.
HR 6999, the Tax Relief for Fraud Victims Act, provides tax relief for individuals who experience theft losses involving fraud, deceit, or misrepresentation. It removes a limitation on deducting personal casualty losses and allows victims to elect to treat such fraud-related theft losses as occurring in the year the loss happened (rather than when discovered). The bill also extends the deadline for filing refund claims related to these losses to one year after discovery and applies similar rules to early retirement withdrawals tied to such thefts. These changes apply to losses sustained in taxable years beginning after December 31, 2025.
This bill prohibits using fiscal year 2026 Department of Defense funds to implement hiring freezes, layoffs, or unnecessary delays in filling vacant positions at public shipyards. It directly affects public shipyards and their Federal civilian employees by preventing workforce reductions without justification. The key provision blocks specific personnel actions - hiring freezes, layoffs, and unfounded hiring delays - using Defense Department funding. This is a procedural measure focused on preserving existing workforce stability at these facilities.
HR 7545 prohibits U.S. security assistance funds from being used to support Israeli military actions that violate international law, specifically targeting the detention of Palestinian minors, destruction of Palestinian property, and unilateral annexation of occupied land. It requires annual certifications from the State Department confirming U.S. funds aren't supporting these activities and mandates detailed reports on Israeli detention practices, property seizures, and settlement compliance. The bill directly affects U.S. security aid to Israel, including Foreign Military Financing and offshore procurement funds for defense articles. Key mechanisms include funding restrictions, annual reporting requirements, and a GAO report analyzing how offshore procurement funds impact Israel’s military budget and settlement activities.
This bill amends the tax code to allow first-time homebuyers to use funds from 529 college savings plans for home purchases without tax penalties, under specific conditions. It permits tax-free withdrawals of the original contributions (plus earnings) if the account was maintained for 15 years, the funds are used within 60 days for a first home purchase, and the total lifetime withdrawals do not exceed $35,000. If the home is sold within 5 years, a recapture tax may apply based on the time held. It directly affects first-time homebuyers who have maintained 529 plans for 15 years and use the funds for qualifying home purchases.
This bill limits tax deductions for gambling losses to only the amount of gambling gains earned in the same year. It directly affects individuals who report gambling income on their tax returns, requiring them to offset losses against prior gambling winnings rather than using losses to reduce other taxable income. The key provision amends the tax code to restrict wagering loss deductions under Section 165(d), making losses deductible only up to the level of gambling gains. The rule applies to taxable years beginning after December 31, 2025.
