Budget & Taxes (Tax Credits)

in committee · United States · House May 7, 2026

HR 8677: Make the American Dream Real Again Act

The Make the American Dream Real Again Act creates a new tax credit for homeowners who sell their primary residence to a first-time buyer. This provision allows the seller to claim a refundable credit equal to the lower of the money they spent helping the buyer purchase the home or the amount of tax they would save by excluding the sale gain from their income. The bill defines a first-time homebuyer as someone who has not owned a principal residence in the two years prior to the transaction and covers expenses such as down payments, inspections, and closing costs. These changes are scheduled to take effect for taxable years beginning after December 31, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a refundable tax credit for homeowners, providing direct tax relief and financial assistance.90% confidence ✓ HousingSupports HousingBill creates a tax credit to encourage homeowners selling to first-time buyers, directly supporting affordable housing and home ownership.85% confidence

Sub-Topics Tax Credits Affordable Housing Homeownership Property Taxes

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in committee · United States · House Apr 30, 2026

HR 8626: Workforce Housing Tax Credit Act

The Workforce Housing Tax Credit Act creates a new federal tax credit to encourage the development and rehabilitation of affordable housing for middle-income families. This credit applies to buildings where at least 60% of units are rent-restricted and occupied by individuals earning 100% or less of the area median income, with at least 20% of those units specifically targeted for middle-income households. The bill establishes a 15-year credit period based on a percentage of the building's qualified basis, which is determined by factors such as the building's cost, location, and whether it is new or existing. To qualify, developers must enter into binding agreements with housing agencies that include long-term commitments to maintain affordable rents and prevent the displacement of tenants, while also adhering to specific financial feasibility and reporting requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill introduces a federal tax credit to encourage affordable housing development, aligning with fiscal management goals and providing tax relief for housing initiatives.85% confidence ✓ HousingSupports HousingBill creates a federal tax credit to encourage development and rehabilitation of affordable housing for middle-income families.95% confidence

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

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in committee · United States · House May 21, 2026

HR 8988: Frank Adelmann Manufactured Housing Community Sustainability Act of 2026

This bill creates a new federal tax credit to encourage owners of manufactured home communities to sell their land to residents or nonprofit organizations that agree to keep the community affordable. The credit allows sellers to claim 75% of their profit from the sale, provided the buyer agrees to a binding 50-year covenant that the land will remain used for manufactured housing. To qualify, the new owner must be a resident-owned cooperative or a nonprofit corporation with democratic governance where residents elect the board of directors. The legislation aims to prevent community closures and protect low-income homeowners from rising rents by promoting long-term resident ownership. This change takes effect for taxable years beginning after December 31, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a federal tax credit to encourage affordable housing, aligning with fiscal support for essential community programs.85% confidence ✓ HousingSupports HousingBill creates tax credits to encourage affordable housing preservation via resident-owned cooperatives and nonprofits.95% confidence

Sub-Topics Tax Credits Affordable Housing Historic Preservation Homeownership

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in committee · United States · House May 13, 2026

HR 8786: INVEST Act

The INVEST Act amends the federal tax code to expand the Work Opportunity Tax Credit for employers who hire veterans with specific renewable energy skills. To qualify for this credit, a veteran must be certified by a local agency as having military training in renewable energy fields, a recent vocational degree in the sector, or a LEED certification from the U.S. Green Building Council. The legislation defines renewable energy broadly to include sources like solar, wind, and geothermal power. Additionally, the bill addresses tax implications for U.S. territories by providing compensation for any lost tax revenue and ensuring coordination between federal and local tax credits. These provisions will take effect for employees who start working for an employer after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands the Work Opportunity Tax Credit to incentivize hiring veterans in renewable energy, promoting fiscal responsibility and green job creation.85% confidence ✓ EnergySupports EnergyThe bill expands tax credits for hiring veterans with renewable energy skills, directly promoting renewable energy workforce development and infrastructure.90% confidence ✓ EnvironmentSupports EnvironmentBill incentivizes hiring veterans with renewable energy skills, promoting clean energy workforce and environmental protection.75% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill expands tax credits to encourage hiring of veterans with renewable energy skills, directly supporting employment opportunities.85% confidence ✓ VeteransSupports VeteransThe bill provides tax credits to employers hiring veterans, directly supporting veteran employment and economic reintegration.90% confidence

Sub-Topics Revenue Tax Credits Renewable Energy Solar Professional Licensing Veteran Education Veteran Employment Veteran Healthcare

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in committee · United States · House Apr 30, 2026

HR 8632: PFAS Cleanup Act

This bill, known as the PFAS Cleanup Act, aims to address the health and economic costs of per- and polyfluoroalkyl substances by introducing two main financial mechanisms. First, it imposes a 45% excise tax on the sale of PFAS chemicals by manufacturers, producers, and importers starting in 2027. Second, it creates a tax credit for public water systems that spend money removing PFAS from drinking water when contamination levels exceed EPA safety limits. The revenue from the tax is intended to help fund cleanup efforts, while the credit encourages water providers to remediate hazardous pollution.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes an excise tax on PFAS chemicals to fund cleanup efforts, directly addressing fiscal management and generating revenue for public health services.90% confidence ✓ EnvironmentSupports EnvironmentBill imposes taxes on PFAS chemicals and funds water system cleanup, directly addressing pollution control and environmental protection.95% confidence ✓ HealthcareSupports HealthcareBill funds PFAS water cleanup to reduce health risks from chemical contamination, protecting public health and preventing disease.85% confidence

Sub-Topics Sales Tax Tax Credits Drinking Water Hazardous Materials Water Quality

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in committee · United States · Senate May 20, 2026

S 4613: Manufactured Housing Community Sustainability Act of 2026

The Manufactured Housing Community Sustainability Act of 2026 creates a new federal tax credit to encourage the sale of manufactured home communities to residents or nonprofit organizations. This bill directly affects current owners of manufactured home parks who wish to sell their land and the buyers who want to preserve these communities as affordable housing. Under the law, a seller can claim a tax credit equal to 75 percent of their profit if they sell the property to a qualified resident-owned cooperative or nonprofit that agrees to keep the community affordable for at least 50 years. To prevent abuse, the bill includes a penalty requiring the buyer to pay 20 percent of the sale proceeds if the community is later sold for profit or fails to maintain its affordable status. The provisions take effect for sales occurring after December 31, 2026, aiming to stabilize housing costs for low-income families living in these communities.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a federal tax credit to encourage affordable housing preservation, aligning with fiscal incentives for public benefit.85% confidence ✓ HousingSupports HousingBill creates a federal tax credit to encourage the sale of manufactured home communities to residents or nonprofits, directly advancing affordable housing preservation.90% confidence

Sub-Topics Tax Credits Affordable Housing

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in committee · United States · Senate May 20, 2026

S 4584: Norma Ruth Criswell Carpenter & Clovis C. Criswell Grant Parish Restoration Act of 2026

This bill modifies tax rules to help low-income communities invest in new businesses by adjusting how they calculate eligible population density. It specifically targets rural counties where the federal government owns at least 30% of the land, allowing these areas to use a lower density threshold for tax credit purposes. The law excludes military installations and tribal trust lands from the federal land count to ensure accurate assessments. These changes take effect for investments made after the bill is enacted or after December 31, 2025, depending on the specific section.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill modifies tax rules to provide relief and incentives for low-income communities and rural counties, aligning with support indicators.85% confidence

Sub-Topics Tax Credits Tax Incentives Tags Rural Communities

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in committee · United States · House May 4, 2026

HR 8662: To provide assisted living assistance through Medicaid and low-income housing tax credit.

This bill expands Medicaid coverage to include services in assisted living facilities for individuals who currently require hospital or nursing home care, provided they meet state income and resource limits. It also modifies the Low-Income Housing Tax Credit to give priority funding to projects that help reduce long-term medical costs for the elderly by offering care in non-institutional settings. Both changes are scheduled to take effect on January 1, 2027, allowing states time to update their laws and plans to comply with the new requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands Medicaid and prioritizes housing tax credits to reduce long-term medical costs, indicating support for public service funding and fiscal management.85% confidence ✓ HealthcareSupports HealthcareBill expands Medicaid coverage for assisted living and prioritizes funding to reduce long-term medical costs, directly strengthening healthcare access.90% confidence ✓ HousingSupports HousingBill expands Medicaid for assisted living and prioritizes Low-Income Housing Tax Credits for non-institutional elderly care, directly funding and strengthening housing options.85% confidence

Sub-Topics Tax Credits Hospitals Long-Term Care Medicaid Affordable Housing Historic Preservation Housing Finance Tags Seniors

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in committee · United States · Senate Apr 30, 2026

S 4463: WAGES Act of 2026

The WAGES Act of 2026 introduces a new federal tax credit to encourage employers to hire and train workers through registered apprenticeship programs. This financial incentive allows eligible businesses to claim a credit equal to 50 percent of qualified wages and program expenses, with specific caps on the amount that can be claimed per quarter. The bill also modifies tax rules regarding apprenticeship awards, allowing certain items given to apprentices to be treated as non-taxable employee achievement awards rather than taxable income. These changes are designed to reduce the financial burden on companies investing in workforce development while providing a clear pathway for apprentices to gain skills and credentials.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill introduces a federal tax credit to fund apprenticeship programs, directly advancing fiscal incentives for workforce development.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax credits to encourage hiring and training via apprenticeships, directly strengthening employment standards and worker development.90% confidence

Sub-Topics Tax Credits Apprenticeships Workforce Development

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in committee · United States · House May 22, 2026

HR 9012: Affordable Housing Credit Carryback Act

The Affordable Housing Credit Carryback Act allows developers of low-income housing projects to apply their tax credits to tax years up to five years prior to the current year. This change directly affects developers who may have incurred losses in earlier years and are unable to fully utilize the tax benefits generated by their projects. By amending the Internal Revenue Code, the bill enables these developers to carry back the low-income housing tax credit to offset taxes owed in those past years. This provision aims to improve the immediate financial viability of affordable housing developments without altering the total amount of tax credit available.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief by allowing developers to carry back credits, directly advancing tax policy goals.90% confidence ✓ HousingSupports HousingBill enhances tax credits for low-income housing developers, facilitating affordable housing development.90% confidence

Sub-Topics Tax Credits Affordable Housing Historic Preservation Housing Finance

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