Budget & Taxes (Business Taxes)

in committee · United States · House Sep 16, 2026

HR 10431: U.S. Innovation and Global Competitiveness Act of 2026

The U.S. Innovation and Global Competitiveness Act of 2026 amends federal tax laws to adjust how multinational corporations are taxed on foreign earnings, primarily by increasing the deduction rate for foreign-derived intangible income from 33.34 percent to 40 percent. The bill modifies the base erosion minimum tax by exempting certain payments made to foreign entities that face a high effective tax rate or operate in jurisdictions with discriminatory taxes, such as digital services taxes. It also eliminates specific inclusions of foreign base company sales and services income while allowing corporations to carry forward net tested losses from controlled foreign corporations for up to five years. Additionally, the legislation expands the research tax credit to all taxpayers rather than just small businesses and provides special rules for transferring intangible property from foreign subsidiaries to U.S. shareholders.

Topics ✗ Budget & TaxesOpposes Budget & TaxesThe bill increases the deduction rate for foreign-derived intangible income, which could reduce corporate tax revenue, and exempts certain payments from base erosion minimum tax, potentially weakening tax collection from multinational corporations.80% confidence

Sub-Topics Business Taxes Tax Credits

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in committee · United States · House Aug 24, 2026

HR 10142: Multi-State Worker Tax Fairness Act of 2026

This bill restricts states from taxing the income of individuals who live in one state but work remotely for employers located elsewhere. It establishes that a state can only tax an individual's compensation if they are physically present within that state during the time the work is performed, preventing taxation based on where the employer is headquartered. The legislation specifically prohibits states from using "convenience of the employer" tests to claim taxing rights over workers who are physically located in another jurisdiction. These rules apply immediately upon enactment and affect nonresident employees and independent contractors, while leaving corporate taxes and unearned income regulations unchanged.

Topics ✓ Budget & TaxesSupports Budget & TaxesThe bill provides tax relief by prohibiting states from taxing remote workers based on employer location, directly advancing fiscal fairness for individuals.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProtects remote workers' net income by restricting state taxation based on employer location, effectively increasing take-home pay for employees.75% confidence

Sub-Topics Business Taxes Gig Economy

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in committee · United States · House Jul 27, 2026

HR 9954: Build America Fund Act

The Build America Fund Act creates a new government entity called the Manufacturing Sovereign Wealth Fund to invest billions of dollars in U.S. companies for the purpose of rebuilding domestic industrial capacity and reducing reliance on foreign supply chains. This fund will make loans and equity investments in strategic sectors like advanced manufacturing and technology, but it will require companies to keep operations and intellectual property within the United States for at least 50 years. In exchange for this capital, the fund will hold veto power over decisions to offshore production, sell to foreign buyers, or move research abroad, and it will enforce strict labor standards and prohibit stock buybacks. The bill also establishes an Industrial Sovereignty Council to oversee these investments and introduces new fees on corporate stock buybacks, high-volume trading, and specific offshoring activities to help finance the fund. Additionally, the legislation creates a future tax credit for eligible individuals funded by the fund's profits and increases the corporate tax rate to generate further revenue for the program.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a sovereign wealth fund to invest billions in domestic industry, directly advancing government spending and fiscal management to rebuild capacity.85% confidence ✓ TechnologySupports TechnologyBill funds domestic technology and manufacturing sectors to reduce foreign reliance and protect intellectual property.85% confidence

Sub-Topics Business Taxes Tax Credits

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in committee · United States · Senate Jul 21, 2026

S 5054: Data Center Tax Accountability and Disclosure Act of 2026

The Data Center Tax Accountability and Disclosure Act of 2026 modifies tax rules and establishes reporting requirements for large data centers. It removes a tax incentive known as bonus depreciation for artificial intelligence data centers unless they meet specific green building standards, such as LEED Platinum or Gold certification. Additionally, the bill requires operators of data centers consuming at least 25 megawatts of power to submit detailed annual reports on their water and electricity usage, emissions, and backup power systems to state or federal agencies. These reports must be made public, and the law prohibits companies from using confidentiality agreements to hide this information. Operators who fail to comply with these reporting requirements face daily civil penalties of up to $100,000 for intentional violations.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill removes tax incentives for non-compliant data centers and mandates reporting, promoting fiscal responsibility and closing loopholes.85% confidence ✓ EnergySupports EnergyBill removes tax incentives for data centers unless they meet green building standards, promoting energy efficiency and sustainability.85% confidence ✓ EnvironmentSupports EnvironmentBill removes tax incentives for data centers unless they meet green building standards, promoting energy efficiency and environmental protection.85% confidence ✓ TechnologySupports TechnologyBill promotes sustainable technology by removing tax incentives for non-green data centers and enforcing environmental reporting.85% confidence

Sub-Topics Business Taxes Tax Incentives Energy Resilience Artificial Intelligence

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in committee · United States · House Jun 10, 2026

HR 9244: Business Activity Tax Simplification Act of 2026

The Business Activity Tax Simplification Act of 2026 updates federal rules to clarify when states can tax businesses operating across state lines, primarily affecting interstate companies and digital service providers. It expands the definition of taxable activities to include digital goods and services while clarifying that independent contractors do not create tax liability for their principal companies. The bill also establishes a minimum physical presence requirement, stating that states generally cannot tax businesses unless they have employees, agents, or property in the state for at least 15 days. Additionally, the law extends existing federal protections against state taxation to various "other business activity taxes" and provides specific guidelines for how states should calculate taxes on groups of affiliated companies. These changes are designed to take effect for taxable periods starting on or after January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill clarifies interstate tax rules and establishes minimum physical presence requirements, promoting fiscal responsibility and reducing litigation costs for businesses.75% confidence

Sub-Topics Business Taxes Sales Tax

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in committee · United States · Senate May 20, 2026

S 4588: Taxing Buybacks from Big Oil Windfalls Act

This bill increases the corporate tax rate on stock buybacks to 25 percent for large oil and gas companies that meet specific revenue and operational criteria. It targets corporations with an average annual gross receipt of at least $1 billion that are primarily engaged in producing, refining, processing, transporting, or distributing oil or natural gas. The higher tax rate applies only to stock repurchases made after the bill is enacted and before gasoline prices fall below $2.937 per gallon for five consecutive weeks. If gasoline prices drop below this threshold, the special tax provision ceases to apply, and companies may claim a partial reduction in their tax liability based on the duration of the high-price period.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases corporate tax on oil buybacks, closing a loophole and generating revenue for public funds.85% confidence ✗ EnergyOpposes EnergyBill imposes higher taxes on major oil and gas companies, restricting their financial flexibility and potentially increasing energy costs or hindering industry operations.90% confidence

Sub-Topics Business Taxes Oil & Gas

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in committee · United States · House May 4, 2026

HR 8654: Afterschool for All Act

The Afterschool for All Act significantly increases funding for the Community Learning Centers program, raising the annual appropriation from $1 billion to $10 billion for the fiscal years 2026 through 2035. This expansion aims to support after-school programs in elementary and secondary schools, directly benefiting students and educational institutions that rely on these grants. Additionally, the bill amends the name of the relevant section in the Elementary and Secondary Education Act to remove the term "21st Century," and it raises the corporate income tax rate from 21% to 22% for taxable years beginning after the law is enacted.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly increases federal funding for after-school programs from $1B to $10B, directly strengthening government spending on education.95% confidence ✓ EducationSupports EducationBill significantly increases funding for after-school programs and Community Learning Centers, directly expanding educational access and resources.95% confidence

Sub-Topics Appropriations Business Taxes Income Tax

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in committee · United States · House May 12, 2026

HR 8755: Enhanced Small Business Growth Act of 2026

The Enhanced Small Business Growth Act of 2026 increases tax benefits for domestic manufacturers by raising the qualified business income deduction rate from 20 percent to 30 percent. To qualify, a business must derive at least 85 percent of its income from manufacturing tangible property, with at least 20 percent of production costs incurred within the United States. These changes apply to taxable years beginning after December 31, 2025, and modify how the deduction is calculated to ensure it is applied correctly.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases tax benefits for domestic manufacturers, providing tax relief and promoting economic growth.90% confidence

Sub-Topics Business Taxes Income Tax Tags Small Business

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in committee · United States · House Apr 21, 2026

HR 8415: Small Business Tax Cut Act

The Small Business Tax Cut Act increases the qualified business income deduction from 20 percent to 23 percent for eligible taxpayers, directly affecting small business owners and investors. The bill modifies income thresholds that limit this deduction for higher earners and extends the phase-in rules for taxable income above certain limits. Additionally, it allows dividends from qualified business development companies to be treated similarly to qualified REIT dividends for deduction purposes. These changes apply to taxable years beginning after December 31, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief by increasing the qualified business income deduction for small business owners, aligning with indicators for support.95% confidence

Sub-Topics Business Taxes Tags Small Business

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in committee · United States · Senate Mar 25, 2026

S 4207: American Innovation Act of 2026

This bill, the American Innovation Act of 2026, modifies federal tax rules for businesses starting new operations and those undergoing ownership changes. It allows businesses to deduct up to $20,000 of start-up and organizational costs in their first year, with the remaining costs amortized over 15 years, and adjusts these dollar amounts annually for inflation. Additionally, the bill preserves net operating losses and certain tax credits generated during a business's early years when the business is later sold to a new owner, preventing those tax benefits from being lost due to ownership transfers. These changes apply to business activities beginning after December 31, 2025, and are designed to provide tax relief to entrepreneurs and maintain the value of tax benefits for businesses that change hands.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief for businesses through startup cost deductions and preserves net operating losses, reducing tax burden and promoting economic growth.85% confidence

Sub-Topics Business Taxes

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