Budget & Taxes (Tax Credits)

in committee · United States · House Feb 27, 2025

HR 1707: Grown in America Act of 2025

HR 1707, the Grown in America Act of 2025, creates a new tax credit for agricultural businesses that use predominantly domestically produced inputs. The credit equals 25% of a business's domestic agricultural input costs (capped at $100 million annually), but only if the business meets a 3-year average threshold for domestic sourcing (starting at 50% in 2026 and rising to 85% after 2033). It directly affects food and agricultural producers who source inputs like crops or fish raised in the U.S. for products sold domestically without further processing. The bill defines "domestic agricultural input costs" as expenses for U.S.-produced commodities used in U.S.-made food products, excluding certain commodities listed by the Secretary of Agriculture.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 25% tax credit for agricultural businesses using domestic inputs, directly providing tax relief under Budget & Taxes policy.95% confidence

Sub-Topics Business Taxes Tax Credits

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in committee · United States · House Jan 9, 2025

HR 308: Low Income Housing for Defense Communities Act

This bill modifies tax incentives to increase affordable housing near military installations. It excludes military housing allowances (payments under 37 U.S.C. § 403) from income calculations when determining eligibility for low-income housing tax credits, directly helping service members and their families qualify for affordable housing. It also designates buildings within 15 miles of large military installations (valued over $2.833 billion) as "difficult development areas" for tax credit purposes, encouraging developers to build in these areas. The bill does not require such housing to be occupied solely by military members. These changes apply to tax credit determinations made after the bill's enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes military housing allowances from income calculations, expanding tax credit eligibility for service members, thus providing tax relief to low-income households through modified tax incentives.95% confidence ✓ HousingSupports HousingExcludes military housing allowances from income calculations for low-income housing tax credits, directly increasing eligibility. Designates military areas as 'difficult development areas' to boost housing access near installations.95% confidence

Sub-Topics Tax Credits Tax Incentives Affordable Housing Historic Preservation Housing Finance

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in committee · United States · House Mar 27, 2025

HR 2410: Revitalizing Downtowns and Main Streets Act

HR 2410 creates a 20% federal tax credit for developers converting older non-residential buildings (at least 20 years old) into affordable housing. The credit applies to qualified conversion costs, requiring that 20% of units be rent-restricted for residents earning 80% or less of the area median income for 30 years. It establishes a $12 billion national credit limit, with $3 billion reserved for conversions in economically distressed areas, and mandates state-level allocation plans prioritizing projects near transit and employment. The bill directly affects developers seeking tax incentives for downtown revitalization, not tenants or local governments.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 20% federal tax credit for affordable housing conversions, directing $12B toward housing development with rent restrictions, advancing affordable housing funding through tax policy.95% confidence ✓ HousingSupports HousingCreates 20% tax credit for converting buildings to affordable housing with 20% rent-restricted units for 30 years targeting 80% AMI earners, directly funding affordable housing expansion.95% confidence

Sub-Topics Tax Credits Tax Incentives Affordable Housing Historic Preservation Housing Finance

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in committee · United States · Senate Jan 8, 2026

S 3596: Stronger Start for Working Families Act

This bill lowers the income threshold for the refundable child tax credit from $3,000 to $1 in the Internal Revenue Code. It directly affects low-income working families with children who previously earned above $3,000 but now qualify under the new $1 threshold. The key change simplifies eligibility, allowing more families to receive the credit, and takes effect for tax years starting after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesLowers income threshold for refundable child tax credit, expanding access to low-income families and providing direct tax relief through simplified eligibility.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill expands child tax credit eligibility for low-income working families, directly supporting worker benefits and financial stability for employed households.85% confidence

Sub-Topics Tax Credits

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in committee · United States · Senate Jul 30, 2025

S 2556: Protecting Health Care and Lowering Costs Act

This bill permanently extends the enhanced premium tax credit for Affordable Care Act marketplace insurance plans, directly affecting millions of lower-income households (earning 150%-400% of the federal poverty level) who purchase coverage through state or federal marketplaces. It establishes a sliding-scale percentage system where the tax credit reduces monthly premiums based on income, starting at 0% for households earning up to 150% of poverty and increasing to 8.5% for those earning 300%-400% of poverty. The bill replaces temporary provisions with permanent rules, ensuring consistent cost-sharing support for eligible buyers. The changes apply to tax years beginning after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends premium tax credit providing direct tax relief to lower-income households (150%-400% FPL), aligning with tax relief indicators for middle/lower income.95% confidence ✓ HealthcareSupports HealthcareExtends ACA premium tax credits for lower-income households (150%-400% FPL), directly increasing affordability and access to health insurance coverage.95% confidence

Sub-Topics Tax Credits Insurance Medicaid Medicare

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in committee · United States · House May 1, 2025

HR 3166: Local Food Recycling and Regenerative Opportunities Act

HR 3166 creates a 30% federal tax credit for homeowners who install qualified food recycling appliances or use organic waste collection services. It directly affects individual taxpayers in U.S. principal residences by covering 30% of costs for appliances that process food waste (via dehydration/size reduction) and services that collect pre-processed organic waste. The credit is capped at $300 per appliance and $120 total for services annually, expires after 2031, and prevents double benefits with other deductions. This policy aims to reduce landfill waste from household food scraps through tax incentives, effective for 2026 tax years and later.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates 30% federal tax credit for homeowners on food recycling appliances/services, providing direct tax relief to individual taxpayers while capping benefits at $300/$120, aligning with tax relief indicators for middle/lower income.95% confidence ✓ EnvironmentSupports EnvironmentProvides tax credits for food waste recycling, reducing landfill methane emissions and promoting organic waste diversion - direct environmental benefit.92% confidence

Sub-Topics Tax Credits Recycling Waste Management

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in committee · United States · House Feb 26, 2025

HR 1611: RAISE Act of 2025

The RAISE Act of 2025 creates a new tax credit for teachers and early childhood educators, with a base of $1,000 plus additional amounts based on school poverty rates. Teachers working in schools where more than 39% of students live in poverty can receive up to $14,000 more in tax credits, calculated based on how much a school's poverty rate exceeds 39%. The bill also increases the deduction for teachers' classroom expenses from $250 to $500 and requires schools to maintain teacher pay levels to receive certain federal funds. This directly affects public school teachers, early childhood educators, and schools serving communities with high poverty rates.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits and increased deductions for teachers (targeting lower/middle-income educators), directly advancing fiscal support through expanded tax relief.95% confidence ✓ EducationSupports EducationIncreases teacher tax credits (up to $15k) and classroom expense deductions, targeting high-poverty schools to strengthen educator support and funding.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credits and expense deductions to boost teacher compensation, directly supporting wages and financial security for educators.95% confidence

Sub-Topics Income Tax Tax Credits School Choice Student Financial Aid Teachers

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in committee · United States · Senate Mar 11, 2025

S 968: Rent Relief Act of 2025

The Rent Relief Act of 2025 creates a refundable tax credit for renters whose rent exceeds 30% of their gross income. Eligible renters - defined as those living in their primary residence with income below $100,000 - receive a credit equal to a percentage of the excess rent (ranging from 100% for incomes under $25,000 down to 25% for incomes between $75,000-$100,000), capped at HUD’s fair market rent for their area. The IRS will provide monthly advance payments starting in 2026 for qualifying taxpayers who file for the credit. This applies directly to individual renters meeting the income and rent thresholds, excluding those in government-subsidized housing.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable tax credit for renters under $100k income, providing direct tax relief to lower/middle-income households, aligning with tax relief indicators.90% confidence ✓ HousingSupports HousingProvides refundable tax credit for renters paying >30% of income on rent, directly reducing housing costs for low/middle-income households and advancing affordability.95% confidence

Sub-Topics Tax Credits Property Taxes Renters Tenant Rights

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in committee · United States · Senate Feb 4, 2026

S 3778: Carbon Resource Innovation Act

The Carbon Resource Innovation Act (S 3778) expands a federal tax credit to include businesses capturing carbon in solid or liquid form, directly affecting companies building carbon capture facilities. It modifies the existing 45Q tax credit to cover facilities that capture carbon that would otherwise be released into the atmosphere, requiring measurement at the capture source and verification at disposal. The bill sets a minimum annual capture threshold of 1,000 metric tons for these facilities and defines "solid or liquid carbon capture facility" to include systems with net carbon reductions compared to standard processes. This change aims to incentivize broader carbon capture technology adoption beyond current direct air capture methods.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands federal tax credit (45Q) for carbon capture businesses, providing tax relief to incentivize facilities. Directly advances tax policy for fiscal support of clean energy infrastructure.95% confidence ✓ EnergySupports EnergyExpands tax credits for carbon capture facilities, promoting clean energy infrastructure that reduces emissions from industrial sources.90% confidence ✓ EnvironmentSupports EnvironmentExpands tax credits for carbon capture facilities, directly reducing atmospheric carbon emissions and advancing climate protection goals.95% confidence

Sub-Topics Tax Credits Climate Change

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in committee · United States · Senate May 8, 2025

S 1676: RETAIN Act

The RETAIN Act creates a refundable tax credit for educators in high-need schools, including early childhood educators, teachers, school leaders, and school-based mental health providers. The credit amount increases with years of continuous service, ranging from $5,800 for the first two years to $11,600 after 10 years of service. It is refundable (meaning it pays out even if no income tax is owed) and applies to those working in qualifying schools serving high-poverty areas or meeting Title I eligibility criteria. The credit aims to address retention challenges by rewarding long-term service in under-resourced educational settings.

Topics ✓ Budget & TaxesSupports Budget & TaxesRefundable tax credit for educators in high-need schools provides tax relief and funds public education, aligning with tax relief and public service funding indicators.95% confidence ✓ EducationSupports EducationCreates refundable tax credit for educators in high-need schools, increasing with service years to retain teachers and support staff in underserved areas.95% confidence ✓ HealthcareSupports HealthcareFunds school-based mental health providers via tax credit, directly supporting mental health services in educational settings.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides refundable tax credit increasing with service years for educators in high-need schools, directly boosting compensation and retention in critical workforce roles.95% confidence

Sub-Topics Income Tax Tax Credits School Funding Student Financial Aid Teachers Mental Health

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