Jobs Now Act of 2025 This bill directs the Department of Labor to conduct a two-year pilot program to award grants to general local governmental units or community-based organizations to retain, employ, or train individuals for positions that provide a public service. At least 50% of grant funds must be used to retain employees who would otherwise be laid off due to budget cuts. Labor must encourage grantees to use grant funds to retain, employ, or train veterans, individuals with disabilities, individuals receiving unemployment benefits, or dislocated workers.
This bill repeals a limitation that previously restricted tax deductions for homeowners who suffered property damage from disasters. It directly affects homeowners who experience casualty losses (like from floods or storms) by allowing them to deduct those losses on their federal taxes. The key change removes a specific rule in tax law (Section 165(h)(5) of the Internal Revenue Code), meaning homeowners can now claim full deductions for qualifying disaster-related property damage. The change applies to losses incurred in taxable years starting after December 31, 2024.
HR 314, the Empowering Nonprofits Act, reduces the cost-sharing requirement for certain nonprofit organizations receiving federal grants. Specifically, it lowers the nonprofit's share of grant costs by 25% for five years after enactment for organizations located in states where over 20% of people live below the federal poverty line. This applies only to 501(c)(3) nonprofits that are exempt from federal income tax. The bill directly affects eligible nonprofits in high-poverty states by making federal grants more accessible with lower upfront financial obligations. It modifies existing grant rules without creating new programs or changing eligibility for other organizations.
This bill modifies tax credits for carbon capture under the Internal Revenue Code. It expands qualifying uses for carbon capture credits to include using carbon as a "tertiary injectant" in oil/gas recovery projects (with storage) and other specified methods, while increasing the credit rate from $17 to $36 per ton for eligible projects starting in 2025. The changes directly affect companies capturing carbon dioxide for storage or industrial use, making these projects more financially viable. The updated credit rates apply to taxable years beginning after December 31, 2024, with future rates adjusted for inflation.
HR 1141 establishes federal funding to address gambling addiction through grants for states and research. It allocates 37.5% of annual gambling tax revenue (from IRS Section 4401) to states for treatment programs, using the same formula as existing substance abuse grants, and directs 12.5% to fund gambling addiction research via the National Institute on Drug Abuse. The bill requires states to apply for grants, with unclaimed funds redistributed proportionally, and mandates a 3-year report on program effectiveness to Congress. This directly affects states receiving funds and individuals seeking gambling addiction treatment or research services. The law authorizes funding for fiscal years 2025-2034.
HR 918 makes a tax deduction for mortgage insurance premiums permanent for homeowners. The bill removes a temporary expiration clause in the tax code, ensuring that individuals who pay mortgage insurance (typically those with less than 20% down payment on a home loan) can continue deducting these costs on their federal taxes. This change applies to premiums paid after December 31, 2024, providing ongoing tax relief for affected homeowners without altering the deduction's eligibility rules. The policy change directly affects millions of homeowners who rely on this deduction to reduce their taxable income.
HR 512 creates a new fund using 70% of import duties collected on shrimp and shrimp products (like those listed under specific tariff codes) to improve seafood safety and support domestic producers. The fund provides 50% of its money for FDA inspections to check for antibiotic contamination and verify imports aren't linked to forced labor or illegal sources (specifically referencing Xinjiang imports), and 50% for USDA programs to boost domestic shrimp consumption. This directly affects shrimp importers (who pay the duties), federal agencies (FDA and USDA), and domestic shrimp producers (who benefit from consumption programs). The key change is using import duty revenue to enforce safety standards and support U.S. shrimp sales, rather than general budget funds.
The Food Deserts Act (HR 484) creates a federal grant program to help establish grocery stores in underserved communities by providing capitalization grants to states. States would use these grants to build revolving funds that make low-interest loans to grocery stores meeting specific criteria, such as offering unprocessed foods, affordable pricing, and local hiring. The program prioritizes stores that source from local farms, provide nutrition education, and commit to keeping healthy foods in stock, while requiring applicants to contribute 20% of loan costs from non-federal funds. It authorizes $150 million for fiscal year 2026 to support these loans, which must be repaid over up to 30 years to replenish the revolving fund for future use.
Providing Real-world Education and Clinical Experience by Precepting Tomorrow's Nurses Act or the PRECEPT Nurses Act This bill establishes a new, nonrefundable tax credit for eligible nurse preceptors, subject to limitations. The bill also requires the Internal Revenue Service (IRS) to report to Congress certain information about the tax credit for nurse preceptors. Under the bill, a nonrefundable tax credit of $2,000 is allowed for an eligible nurse preceptor through 2032. An eligible nurse preceptor is defined as an individual who provides at least 200 certified hours of supervision and personalized experiential learning, training, instruction, and mentoring in the clinical practice of nursing to a nursing student, advanced practice registered nursing student, or newly hired licensed nurse in a community designated as a health professional shortage area. The bill also requires the IRS to report to Congress the number of taxpayers that claim the tax credit for nurse preceptors each year and the geographic distribution of such taxpayers, aggregated and averaged data on the preceptorships served by taxpayers as an eligible nurse preceptor, and the effectiveness of the tax credit in increasing the number of nurse preceptors in the United States.
This bill creates a new above-the-line tax deduction for performing artists (like musicians, actors, and dancers) to deduct work-related expenses directly from their gross income, rather than itemizing deductions. It sets a $100,000 income threshold (adjusted annually for inflation), phasing out the deduction by 10% for every $2,000 earned above this amount. The bill also explicitly includes commissions paid to an artist’s manager or agent as deductible expenses and raises the $200 "nominal employer" threshold for expense deductions to $500 (with inflation adjustments). These changes apply to tax years beginning after December 31, 2024.
