Budget & Taxes (Tax Credits)

in committee · United States · House Jul 23, 2026

HR 9938: SCREEN Act

The SCREEN Act creates a new tax credit to help owners of movie theaters in the United States pay for renovations and upgrades to their facilities. This credit covers 30% of the costs spent on eligible equipment and property used to show films, provided the theater has been in operation for at least five years. The amount of the credit is limited based on the number of screens a theater has, ranging from $250,000 for small theaters with fewer than four screens up to $500,000 for larger venues with ten or more screens. Businesses can use this credit to lower their overall tax bill, and the provision is available for expenses incurred after the law is passed until the end of 2030.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit for movie theater renovations, providing fiscal relief and funding support to the entertainment industry.85% confidence

Sub-Topics Tax Credits

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in committee · United States · House Jul 23, 2026

HR 9921: American Shipyard Investment Act of 2026

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a new tax credit to encourage investment in U.S. shipyards, directly advancing fiscal management and economic development through tax incentives.90% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · United States · House Jul 23, 2026

HR 9945: Lowering Energy Costs through Grid Modernization Act

The Lowering Energy Costs through Grid Modernization Act encourages utilities to upgrade power lines by replacing old conductors with more efficient ones that carry more electricity and generate less heat. To support these upgrades, the bill allows for faster federal environmental reviews and makes it easier to secure permits for projects that fit within existing land rights. Additionally, the legislation expands a federal tax credit to include these high-performance transmission upgrades, offering a higher credit rate for smaller projects or those meeting specific domestic content requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands a federal tax credit to fund grid modernization, directly supporting fiscal management through tax incentives for infrastructure.75% confidence ✓ EnergySupports EnergyBill promotes grid modernization, increases energy efficiency, and expands tax credits for transmission upgrades.95% confidence

Sub-Topics Tax Credits Electric Grid Pipeline Infrastructure Transmission

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in committee · United States · Senate Jul 28, 2026

S 5142: A bill to amend the Internal Revenue Code of 1986 to improve the process for providing refunds to taxpayers.

This bill modifies the Internal Revenue Code to change how the government handles tax refunds for specific individuals who are currently unable to pay their debts. It establishes a rule that prevents the government from automatically taking money from these taxpayers' refunds to cover unpaid taxes, provided the refund amount does not exceed the value of a specific child tax credit they earned. The measure applies only to people officially classified as "currently not collectible" before they request their refund, and the new rules will take effect twelve months after the law is signed.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill protects vulnerable taxpayers from having refunds seized for debts, effectively providing tax relief and financial stability to lower-income individuals.85% confidence

Sub-Topics Tax Credits

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in committee · United States · House Jul 16, 2026

HR 9764: HONOR Act

The HONOR Act prohibits U.S. taxpayers from claiming foreign tax credits for taxes paid to the Russian Federation for a specific period following the law's enactment. This restriction remains in effect until the United States resumes normal trade relations with Russia, at which point standard tariff rates will be restored. The provision explicitly overrides any conflicting international tax treaties to ensure the penalty applies regardless of existing agreements.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill restricts taxpayer ability to claim foreign tax credits, limiting tax relief and increasing effective tax burden for affected individuals.90% confidence

Sub-Topics Tax Credits

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in committee · United States · House Jul 16, 2026

HR 9768: Tariff Refund Act of 2026

The Tariff Refund Act of 2026 directs the IRS to issue refunds or credits to eligible U.S. citizens who meet specific income and residency criteria. To qualify, an individual must have an adjusted gross income below $200,000, $300,000 for heads of household, or $400,000 for joint filers, and cannot be incarcerated or claimed as a dependent on another's tax return. The bill treats these eligible taxpayers as having already paid a fixed amount of tax toward their 2025 liability, effectively refunding that sum if they have not yet paid it. Payments will be processed electronically to existing bank accounts or Treasury-sponsored accounts, with no interest applied to the refunds. The legislation also includes provisions to prevent duplicate payments and allows dependents of incarcerated individuals to receive funds if the primary earner is ineligible.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief and refunds to eligible middle and lower-income taxpayers, directly advancing tax relief goals.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · United States · House Jul 21, 2026

HR 9801: ABLE MATCH (Making Able a Tool to Combat Hardship) Act

This bill, known as the ABLE MATCH Act, aims to help individuals with disabilities save money by providing a federal tax credit that is automatically deposited into their ABLE savings accounts. The program targets low-income earners by offering a 100% match on up to $2,000 of annual contributions, provided their income falls below 200% of the federal poverty limit, with the credit amount gradually decreasing for higher incomes. To support wider adoption, the legislation also authorizes the Treasury to award $5 million annually in grants to states for promoting these accounts and includes a requirement for collecting demographic data on account holders. These changes are designed to increase financial security for people with disabilities by encouraging savings without jeopardizing their eligibility for other government benefits.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides federal tax credits to low-income individuals with disabilities, directly advancing tax relief and supporting fiscal management for vulnerable populations.92% confidence ✓ HealthcareSupports HealthcareThe bill strengthens financial security for individuals with disabilities by expanding ABLE account funding, which supports long-term healthcare and living expenses.85% confidence

Sub-Topics Tax Credits

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in committee · United States · House Jun 11, 2026

HR 9281: DASH Act

The DASH Act aims to expand affordable housing options for low-income individuals, homeless persons, and first-time homebuyers by creating new federal programs and modifying existing tax laws. A primary component is the creation of 250,000 new rental vouchers in 2026 for people experiencing homelessness or at risk of homelessness, which includes funding for supportive services like healthcare and job training, as well as requirements for public housing agencies to prioritize youth and families. The bill also establishes a modular construction pilot program to lower building costs, a grant system to reward local governments that adopt zoning rules allowing denser housing like duplexes and accessory dwelling units, and a new tax credit to help low-income families purchase starter homes in distressed communities. Additionally, the legislation introduces a new refundable tax credit for first-time homebuyers, expands tax incentives for middle-income housing, and makes several adjustments to how homeowners can deduct losses or handle debt discharges related to their principal residences.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates new federal programs and modifies tax laws to fund affordable housing and homeless services, directly advancing the budget and taxes topic.85% confidence ✓ HousingSupports HousingBill creates 250,000 rental vouchers for homeless individuals and funds supportive services, directly advancing affordable housing and homelessness prevention.95% confidence

Sub-Topics Tax Credits Affordable Housing Homelessness Zoning

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in committee · United States · House Jul 17, 2026

HR 9586: Delivering Priority Legislation Act

The Delivering Priority Legislation Act is a comprehensive bill that amends several existing federal laws to address a wide range of policy areas, including small business innovation, outdoor education, nuclear security, family leave, housing, and national security. It extends funding for small business research programs, reauthorizes the Every Kid Outdoors initiative, and establishes a new National Nuclear Forensics Center to combat nuclear terrorism. The legislation also modifies the Family and Medical Leave Act to allow more flexible leave schedules, creates a tax credit for purchasing hearing aids, and requires an intelligence report on artificial intelligence systems developed in China. Additionally, it adds a criminal penalty for using corporations to hide election contributions from foreign nationals and provides specific funding for various government agencies.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends funding for small business research and reauthorizes outdoor education, indicating increased government spending on public programs.85% confidence ✓ EnvironmentSupports EnvironmentBill reauthorizes Every Kid Outdoors, an initiative focused on outdoor education and conservation, indicating support for environmental protection.85% confidence

Sub-Topics Procurement Tax Credits

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in committee · United States · Senate Jun 24, 2026

S 4881: Unlocking Low-Income Taxpayer Clinic Funding Act

This bill, titled the Unlocking Low-Income Taxpayer Clinic Funding Act, changes how federal grants are distributed to organizations that help low-income individuals with their taxes. Under the new rules, these clinics must provide matching funds equal to the grant amount they receive, but the matching funds can include salaries, fringe benefits, and equipment costs rather than just cash. The law requires this match to be 100 percent of the grant, though the IRS director has the option to lower the requirement to as little as 25 percent if doing so would help more taxpayers access the clinics. These changes take effect for tax years starting after the bill is signed into law.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases funding for Low-Income Taxpayer Clinics, expanding access to tax assistance for low-income individuals.85% confidence

Sub-Topics Tax Credits

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