Budget & Taxes Bills Across the Country

in committee · District of Columbia · Legislature Jul 17, 2026

B 26-0749: Wealth Proceeds Tax Amendment Act of 2026

The Wealth Proceeds Tax Amendment Act of 2026 proposes a new 3 percent surcharge on passive income, such as capital gains, dividends, and interest, for high-income District of Columbia residents. This tax would apply to individuals earning over $400,000 annually and married couples earning over $500,000, targeting wealth generated without active labor. The legislation amends the local tax code to create a permanent provision for this surcharge, which is estimated to raise hundreds of millions of dollars for the city's general fund. By taxing unearned income from investments, the bill aims to broaden the tax base and reduce reliance on funding cuts to essential services like housing and healthcare.

Topics ✓ Budget & Taxes

Sub-Topics Fees & Licensing State Budget

in committee · Michigan · House Jul 1, 2026

HB 6146: State finance: budgets; distribution of the countercyclical budget and economic stabilization fund; make subject to section 8 of the motor fuel tax act. Amends sec. 352 of 1984 PA 431 (MCL 18.1352). TIE BAR WITH: HB 6147'26

This bill proposes changes to how Michigan manages its economic stabilization fund by adjusting the rules for transferring money into and out of the fund based on state revenue growth rates. It requires that if revenue growth exceeds 2 percent, the excess amount must be moved into the stabilization fund, while limiting withdrawals to 25 percent of the fund balance when revenue growth is negative. Additionally, the bill subjects the fund to specific provisions of the motor fuel tax act, ensuring that any transfers are consistent with existing tax laws. The legislation is tied to a companion bill and will not take effect unless both are passed by the legislature.

Topics ✓ Budget & Taxes

Sub-Topics Revenue State Budget

in committee · Michigan · House Jul 1, 2026

HJR Y: Legislature: other; certain transparency requirements and penalties for failure to present school aid appropriation bills by July 1; provide for. Amends secs. 12, 26 & 31, art. IV & sec. 11, art. IX & adds sec. 55 to art. IV of the state constitution.

This proposed constitutional amendment requires Michigan's legislature to pass the annual school aid budget bill by July 1 each year. To ensure transparency and accountability, the bill must be publicly available on the legislature's website for at least seven days before a vote, and any amendments must be posted for 24 hours. If the deadline is missed, the salaries of the governor, the Senate majority leader, and the House speaker will be withheld until the bill is enacted.

Topics ✓ Budget & Taxes ✓ Education

Sub-Topics Appropriations State Budget Tags Government Transparency

in committee · Michigan · House Jul 1, 2026

HB 6144: Education: financing; interest-free loans to school districts and intermediate schools districts from the state's surplus funds; allow under certain circumstances. Amends 1855 PA 105 (MCL 21.141 - 21.147) by adding sec. 2g.

This bill allows the state treasurer to provide interest-free loans to school districts and intermediate school districts if the state budget is not passed by October 1. Under the new rules, a district can borrow an amount equal to what it received from the school aid fund in the previous year for a period of up to one year. The state treasurer retains the authority to set additional terms for these loans, which are intended to help districts manage cash flow during budget delays.

Topics ✓ Budget & Taxes ✓ Education

Sub-Topics State Budget School Funding

introduced · Massachusetts · House Jul 2, 2026

HD 5815: A communication from the Executive Office of Health and Human Services (see Section 2WWWWW of Chapter 29 of the General Laws) submitting the revenue and expenditure activity of the Behavioral Health Access and Crisis Intervention Trust Fund for fiscal year 2024

This document is a formal report submitted by the Executive Office of Health and Human Services to state legislative committees detailing the financial activity of the Behavioral Health Access and Crisis Intervention Trust Fund for fiscal year 2024. The fund supports a statewide system that provides 24/7 behavioral health crisis services and a help line to all Massachusetts residents, regardless of their insurance status. The report explains how the trust fund covers costs for crisis interventions after the general fund pays an initial portion, while also reimbursing providers for services related to commercially insured individuals. It includes a breakdown of revenue collected through assessments and payments made to vendors and the help line, noting that spending is expected to rise in future years as services expand.

Topics ✓ Budget & Taxes

Sub-Topics Government Spending State Budget

in committee · Massachusetts · House Jul 16, 2026

H 5586: An Act making appropriations for Fiscal Year 2027 to provide for supplementing certain existing appropriations and for certain other activities and projects

This bill allocates $100 million from the Education and Transportation Fund to provide one-time grants for public schools and districts in the commonwealth for fiscal year 2027. The funds will be distributed based on each district's share of foundation enrollment as of October 1, 2025, and must be deposited into a separate account for use by local school committees without further approval. The legislation explicitly states that these funds are non-recurring and will not count as base aid for the following fiscal year.

Topics ✓ Budget & Taxes ✓ Education

Sub-Topics Appropriations State Budget School Funding

passed · United States · House Jul 23, 2026

HCONRES 113: Establishing the congressional budget for the United States Government for fiscal year 2027 and setting forth the appropriate budgetary levels for fiscal years 2028 through 2036.

This concurrent resolution establishes the congressional budget for the federal government for FY2027, sets forth budgetary levels for FY2028-FY2036, and provides reconciliation instructions for legislation that increases the deficit. The resolution recommends levels and amounts for FY2027-FY2036 for federal revenues, new budget authority, budget outlays, deficits (on-budget), debt subject to limit, debt held by the public, and the major functional categories of spending. The resolution includes reconciliation instructions that direct the House Agriculture Committee, the House Armed Services Committee, the House Permanent Select Committee on Intelligence, and the House Administration Committee to submit recommendations for legislation that will increase the deficit over FY2027-FY2036 by not more than specified amounts. Each committee must submit the recommendations to the House Budget Committee by September 11, 2026. (Under current law, reconciliation bills are considered by Congress using expedited legislative procedures that prevent a filibuster and restrict amendments in the Senate.) In addition, the resolution establishes a reserve fund that allows certain adjustments to committee allocations and other budgetary levels to accommodate reconciliation legislation. Finally, the resolution sets forth budget enforcement procedures that address issues such as adjustments to committee allocations and other budgetary levels; the budgetary treatment of the discretionary administrative expenses for the Social Security Administration and the U.S. Postal Service; emergency spending; and additional adjustments for disaster relief, wildfire suppression, health care fraud and abuse control, continuing disability reviews and redeterminations, and reemployment services and eligibility assessments.

Topics ✓ Budget & Taxes

Sub-Topics Appropriations Government Spending State Budget

in committee · New Jersey · General Assembly Jun 30, 2026

A 5353: Appropriates $500,000 to New Jersey Ireland Trade Commission.

This bill allocates $500,000 from the state's General Fund to the New Jersey Ireland Trade Commission. The money is intended to help the commission carry out its duties as defined by existing state laws. The funds will be used immediately to support the commission's trade activities with Ireland.

Topics ✓ Budget & Taxes

Sub-Topics State Budget

Budget & Taxes across the country

Bills introduced per week

Bills supporting budget & taxes

B 26-0749: Wealth Proceeds Tax Amendment Act of 2026

HB 6146: State finance: budgets; distribution of the countercyclical budget and economic stabilization fund; make subject to section 8 of the motor fuel tax act. Amends sec. 352 of 1984 PA 431 (MCL 18.1352). TIE BAR WITH: HB 6147'26

HJR Y: Legislature: other; certain transparency requirements and penalties for failure to present school aid appropriation bills by July 1; provide for. Amends secs. 12, 26 & 31, art. IV & sec. 11, art. IX & adds sec. 55 to art. IV of the state constitution.

HB 6144: Education: financing; interest-free loans to school districts and intermediate schools districts from the state's surplus funds; allow under certain circumstances. Amends 1855 PA 105 (MCL 21.141 - 21.147) by adding sec. 2g.

HD 5815: A communication from the Executive Office of Health and Human Services (see Section 2WWWWW of Chapter 29 of the General Laws) submitting the revenue and expenditure activity of the Behavioral Health Access and Crisis Intervention Trust Fund for fiscal year 2024

H 5586: An Act making appropriations for Fiscal Year 2027 to provide for supplementing certain existing appropriations and for certain other activities and projects

HCONRES 113: Establishing the congressional budget for the United States Government for fiscal year 2027 and setting forth the appropriate budgetary levels for fiscal years 2028 through 2036.

A 5353: Appropriates $500,000 to New Jersey Ireland Trade Commission.