Budget & Taxes (Tax Credits)

in committee · United States · House Feb 27, 2025

HR 1705: Supporting Innovation in Agriculture Act of 2025

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 30% federal tax credit for ag businesses, providing direct tax relief for qualifying technology investments in agriculture.95% confidence ✓ TechnologySupports TechnologyProvides 30% tax credit for agricultural tech investments in precision/controlled environment systems, directly funding technology adoption in farming.95% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · United States · House Jan 9, 2025

HR 312: Restoring Vehicle Market Freedom Act of 2025

HR 312, the Restoring Vehicle Market Freedom Act of 2025, repeals five tax credits related to clean and alternative fuel vehicles from the Internal Revenue Code. Specifically, it eliminates credits for previously owned clean vehicles, alternative motor vehicles, alternative fuel refueling property, new plug-in electric vehicles, and commercial clean vehicles. This change means individuals and businesses purchasing or installing qualifying vehicles or infrastructure will no longer be eligible for these tax incentives. The repeal applies to vehicles or property acquired or placed in service after the bill's enactment date.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepeals five clean vehicle tax credits, defunding government tax incentives and reducing tax benefits for eligible purchases.95% confidence ✗ EnergyOpposes EnergyRepeals tax credits for clean alternative fuel vehicles, removing financial incentives for renewable energy adoption in transportation.95% confidence ✗ EnvironmentOpposes EnvironmentRepeals tax credits for clean vehicles and infrastructure, removing financial incentives that promote environmental protection and clean energy adoption.95% confidence ✗ TechnologyOpposes TechnologyRepeals tax credits for plug-in electric vehicles and charging infrastructure, defunding EV technology adoption and reducing incentives for clean vehicle tech.95% confidence ✗ TransportationOpposes TransportationBill repeals tax credits for clean/alternative fuel vehicles and infrastructure, eliminating financial incentives that support sustainable transportation programs.92% confidence

Sub-Topics Business Taxes Procurement Tax Credits Electric Vehicles Electric Vehicles Transportation Funding

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in committee · United States · House Jun 10, 2025

HR 3871: Apprenticeship Infrastructure Tax Credit Act of 2025

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $5B tax credit for infrastructure apprenticeships, directing government funds via tax incentives to support workforce development and economic growth.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentTax credit incentivizes employer investment in apprenticeships, creating job pathways and supporting workforce development in infrastructure roles.90% confidence ✓ TransportationSupports TransportationBill creates tax credits for apprentices in infrastructure occupations (including construction), directly funding workforce development for transportation infrastructure projects.90% confidence ✓ VeteransSupports VeteransDirectly offers double tax credit ($6,000) for veterans in apprenticeship programs, advancing veteran employment opportunities per bill summary.95% confidence

Sub-Topics Tax Credits Tax Incentives Apprenticeships Workforce Development National Guard & Reserve Veteran Employment

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in committee · United States · Senate Feb 3, 2025

S 370: Education Freedom Scholarships and Opportunity Act

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credits for education contributions, providing tax relief and directing private funds toward education without direct government spending.95% confidence ✓ EducationSupports EducationEstablishes tax credits for private contributions to K-12 and vocational education scholarships, expanding access through private funding mechanisms.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentFunds workforce training via tax credits, directly supporting employment standards through skill development and career preparation.85% confidence

Sub-Topics Tax Credits Career & Technical Education School Choice Student Financial Aid Workforce Development

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in committee · United States · House Jul 29, 2025

HR 4826: Cutting Paperwork for Taxpayers Act

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes interest on tax refunds from taxable income, providing tax relief for individuals and small businesses.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · United States · House Apr 7, 2025

HR 2687: End Kidney Deaths Act

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates a $50,000 federal tax credit for kidney donors, providing direct tax relief as a funding mechanism for organ donation.95% confidence ✓ HealthcareSupports HealthcareCreates $50,000 tax credit for kidney donors to increase organ availability, directly improving transplant access and patient outcomes in healthcare.95% confidence

Sub-Topics Tax Credits

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in committee · United States · House Feb 5, 2025

HR 1020: BOOST Act

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 75% tax credit (up to $400) for rural homeowners to improve broadband access, offering direct tax relief to lower-income households in designated areas.90% confidence ✓ TechnologySupports TechnologyDirectly expands rural broadband access through tax credits for signal boosters and equipment, targeting unserved areas per FCC criteria.95% confidence

Sub-Topics Procurement Tax Credits Broadband Access Telecommunications Tags Rural Communities

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in committee · United States · House Apr 9, 2025

HR 2802: Tax Relief from Tariffs and High Costs Act

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides refundable tax credit (10% of income tax) for lower/middle-income taxpayers ($100k AGI limit), directly reducing tax burden per bill summary.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · United States · Senate Dec 16, 2025

S 3497: Shelter Act

The Shelter Act creates a 25% nonrefundable tax credit for individuals and businesses that make qualified disaster mitigation expenditures to protect homes and businesses from natural disasters. For individuals, the credit is limited to $3,750 per year (or $7,500 for joint returns) with a cumulative lifetime limit of $15,000 per dwelling unit. Qualified expenditures include measures like reinforcing roofs, creating water barriers, installing storm shelters, and other resilience improvements that meet specific safety standards. The credit phases out for higher-income taxpayers and is only available for properties in areas affected by natural disasters within the past 5 years. The credit applies to taxable years beginning after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 25% tax credit for disaster mitigation, reducing tax liability for qualifying individuals/businesses.95% confidence

Sub-Topics Tax Credits

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in committee · United States · Senate Feb 24, 2026

S 3904: American Homeownership Act

The American Homeownership Act restricts tax deductions for interest and depreciation on residential properties owned by institutional investment entities or "large owners" (defined as those holding 50+ single-family units). It creates exceptions for new construction, rehabilitation of uninhabitable properties, sales to individuals for primary residence, and properties serving affordable housing through tax credit programs. The bill also prohibits federal housing agencies from selling properties or providing mortgage loans to these large investors and allocates savings from these tax changes to fund affordable housing programs. These provisions aim to encourage homeownership by limiting tax benefits for large-scale rental property ownership while directing resources toward affordable housing development.

Topics ✓ Budget & TaxesSupports Budget & TaxesRestricts tax deductions for large institutional owners, closing a tax loophole that benefits wealthy entities. Aligns with fiscal responsibility by generating revenue and promoting affordable housing exceptions.90% confidence ✓ HousingSupports HousingRestricts tax deductions for large institutional owners with exceptions for affordable housing properties, rehabilitation, and new construction, directly advancing housing affordability and development.90% confidence

Sub-Topics Tax Credits Affordable Housing Homeownership Mortgages

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