The Working Families Housing Tax Credit Act creates a new tax credit to encourage the development of housing for working families, specifically targeting teachers, firefighters, police officers, veterans, and other hard-working Americans. It provides tax credits equal to 50% of the qualified basis for new buildings or 60% for rehabilitated buildings, with requirements that 40% or more of units be rent-restricted for households earning up to 180% of area median income. The credit period lasts 15 years, and buildings must maintain working families housing for at least 15 years after the credit period through a binding "extended working families housing commitment." The bill also authorizes $100 million in grants and loans for infrastructure projects in rural and exurban areas supporting qualified housing developments.
The Universal School Choice Act would create a federal tax credit for individuals and corporations that contribute to scholarship granting organizations. Individuals could claim a credit equal to 10% of their adjusted gross income or $5,000 (whichever is less), while corporations could claim a credit up to 5% of their taxable income. The credit would fund scholarships for qualified education expenses at public or private schools, including religious schools, with a $10 billion annual cap on total credits. Scholarship granting organizations would need to meet specific requirements, including verifying household income for low-income students and undergoing annual audits, while prohibiting government control over these organizations or discrimination against religious schools.
The Affordable Housing Credit Improvement Act of 2025 would reform the Low-Income Housing Credit program, which provides tax credits to developers of affordable housing. It would increase state allocations based on population with annual cost-of-living adjustments, modify tenant eligibility rules to allow higher income limits for some residents, and add protections for domestic violence victims in housing. The bill would simplify rules for rural and Native American housing projects, clarify credit eligibility requirements, and require greater transparency in program administration. These changes would directly affect developers, property owners, and low-income tenants in housing projects that receive LIHC tax credits.
HR 1705 creates a new 30% federal tax credit for agricultural businesses investing in qualifying technology projects focused on specialty crop production. The credit applies to eligible equipment, software, and systems used in precision agriculture (like GPS-guided tools for efficient input use) or controlled environment agriculture (indoor farming systems with climate control and automation). Businesses can claim this credit for property placed in service after January 1, 2025, with projects needing completion by December 31, 2035. The bill specifically targets innovations that improve efficiency in growing, processing, or packaging specialty crops as defined in existing law.
The Apprenticeship Infrastructure Tax Credit Act of 2025 creates a tax credit for employers hiring apprentices in infrastructure-related occupations, offering $3,000 per apprentice annually (or $6,000 for veterans, National Guard/reserve members, or military spouses). The credit applies for two consecutive tax years for apprentices enrolled in registered programs meeting federal standards, with a total cap of $5 billion. It specifies infrastructure occupations including construction, installation/maintenance, production, and IT roles, requiring employers to verify apprentices are new hires reported via W-2, not 1099 contractors. The Department of Labor will issue eligibility certificates to employers based on program data, and credits will be tracked and reported annually to ensure the $5 billion cap is not exceeded.
This bill establishes tax credits for individuals and corporations that contribute to scholarship-granting organizations and workforce training organizations. Individuals can claim a credit up to 10% of their adjusted gross income for contributions supporting elementary/secondary education, career training, or vocational education. Corporations can claim a credit up to 5% of taxable income for similar contributions. The bill includes a $10 billion annual cap on total credits ($5 billion for education, $5 billion for workforce training) and creates a web portal to help taxpayers make contributions and receive tax credit pre-approval.
This bill, HR 4826 (Cutting Paperwork for Taxpayers Act), modifies the tax code to exclude interest paid on overpaid taxes from taxable income. It directly affects individuals and eligible small businesses (as defined under Section 44(b)(1)) who receive interest from the IRS on tax refunds. The key provision adds a new section to the Internal Revenue Code, stating that such interest is not counted as gross income. This change simplifies tax reporting for affected taxpayers by removing the need to include this interest in their annual income calculations. The policy change applies to taxable years beginning after the bill's enactment date.
HR 2687, the End Kidney Deaths Act, creates a federal tax credit for living kidney donors who give non-directed donations (meaning they don't know the recipient's identity). It provides a $10,000 annual credit for five years ($50,000 total) to donors whose kidney is removed after December 31, 2026, with special rules if the donor dies during this period. The credit applies only to living, non-directed kidney donations and explicitly states it does not count as "valuable consideration" under laws prohibiting organ sales. This bill directly affects living kidney donors who choose to donate anonymously, aiming to incentivize such donations by offsetting related costs through tax relief. The credit expires after December 31, 2036.
HR 1020 (BOOST Act) creates a tax credit for homeowners in rural unserved areas to improve broadband access. It allows a 75% credit (up to $400) for purchasing signal boosters, satellite customer equipment, or ground stations used in a primary residence. The credit applies only once per household and expires after 2029, targeting areas eligible for FCC's Rural Digital Opportunity Fund. This directly affects individual homeowners in designated rural broadband gaps seeking to enhance their internet connectivity.
HR 2802, the Tax Relief from Tariffs and High Costs Act, creates a refundable tax credit for individual income tax filers in 2025. It provides a credit equal to 10% of an individual's federal income tax liability for 2025, directly affecting taxpayers who file returns for that year. The credit is limited to individuals with modified adjusted gross income below $100,000 (or $200,000 for joint filers). This credit applies to taxable years beginning after December 31, 2024, and before January 1, 2026.
