Budget & Taxes

in committee · United States · House Feb 21, 2025

HR 1447: No Deductions for Marijuana Businesses Act

This bill prohibits marijuana businesses from deducting ordinary business expenses on their federal tax returns. It amends federal tax law to deny deductions or credits for any costs related to selling marijuana (which remains illegal under federal law), directly affecting state-legal marijuana businesses operating under state law but subject to federal prohibition. The key provision requires these businesses to pay taxes on their full gross income without subtracting standard business costs like rent or supplies. The rule applies to tax years beginning after the bill's enactment date.

Topics ✓ Budget & TaxesSupports Budget & TaxesDenies tax deductions for marijuana businesses, closing a loophole and increasing federal tax revenue per federal tax law amendments.85% confidence

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in committee · United States · House Mar 31, 2025

HR 2507: Helping to Encourage Real Opportunities (HERO) for Youth Act of 2025

HR 2507 (HERO for Youth Act of 2025) expands a federal tax credit for employers hiring youth. It allows the credit for year-round employment (not just summer) for young workers attending school 20+ hours weekly between September 16 and April 30. The bill also creates a new credit for employers hiring "disconnected youth" - defined as individuals aged 16-25 not enrolled in school or employed for six months, or foster youth aged 16-21. The credit amount is increased, and related tax code provisions are updated to reflect these changes.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands federal tax credits for employers hiring youth/disconnected youth, providing tax relief to businesses to encourage employment. This directly uses tax policy to support job creation for vulnerable groups, aligning with fiscal initiativ...90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExpands tax credits for employers hiring youth and disconnected youth, increasing employment opportunities for vulnerable workers.95% confidence

Sub-Topics Tax Credits Child Labor

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in committee · United States · Senate Jun 9, 2025

S 1998: Small Business Tax Fairness and Compliance Simplification Act

This bill extends a tax credit for employer social security taxes related to tips earned by employees in beauty service businesses (including barbering, nail care, esthetics, and spa treatments). It requires that tips from these services exceed 15% of the business's gross receipts to qualify for the credit. The bill also creates a "tip reporting safe harbor" for beauty service employers who implement training programs, monthly tip reporting by employees, and maintain records for four years, shielding them from IRS tip examinations unless an employee complaint arises. Additionally, it mandates that landlords renting space to two or more beauty service businesses (with $600+ in annual rent) must report rental income details to the IRS. These provisions apply to taxable years beginning after 2024 or 2025, depending on the section.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends tax credit for beauty service businesses, reducing tax burden and simplifying compliance through tip reporting requirements.90% confidence

Sub-Topics Business Taxes Tax Credits Tags Small Business

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in committee · United States · Senate Dec 4, 2025

S 3372: Protect Innocent Victims of Taxation After Fire Extension Act

This bill (S 3372) adds a new tax provision to exclude certain wildfire relief payments from individuals' gross income. It applies to payments received for losses like property damage, additional living expenses, or lost wages (not covered by insurance) resulting from federally declared wildfires after December 2014. The exclusion prevents double tax benefits by disallowing deductions for expenses already covered by these payments. The provision takes effect for payments received after December 31, 2025, and directly affects wildfire victims receiving such compensation.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes wildfire relief payments from taxable income, providing tax relief to affected individuals by preventing double taxation on covered losses.95% confidence

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in committee · United States · Senate Jan 14, 2026

S 2100: Modernizing Agricultural and Manufacturing Bonds Act

This bill modifies tax rules for bonds used to fund agricultural and manufacturing facilities. It expands what counts as a "manufacturing facility" to include production of intangible property (like software) and related on-site facilities, while raising the dollar limit for qualified small issue bonds from $10 million to $30 million (with annual inflation adjustments). It also increases the annual bond limit for first-time farmers from $450,000 to $1 million and changes how farmland size is measured for eligibility. The changes apply to bonds issued after the bill's enactment date for manufacturing and after December 31, 2025, for farm-related bonds. These adjustments primarily affect agricultural businesses and manufacturers seeking tax-exempt financing for facility projects.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax incentives for manufacturing/agriculture by increasing bond limits, promoting business investment through tax policy.95% confidence ✓ TechnologySupports TechnologyExpands 'manufacturing facility' definition to include software production, enabling tax-advantaged bonds for tech-related facilities.85% confidence

Tags Agriculture

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in committee · United States · Senate Feb 12, 2026

S 3877: Investing in Tomorrow's Workforce Act of 2026

The Investing in Tomorrow's Workforce Act of 2026 provides federal grants to support training programs for workers at risk of losing jobs due to automation, with priority given to women, people of color, and lower-wage workers (those earning less than $40,000 annually). The bill authorizes funding for eligible partnerships to develop demonstration projects that help dislocated workers transition into in-demand technology sectors through skills training, job placement assistance, and employer partnerships. It expands existing workforce training programs under the Workforce Innovation and Opportunity Act to specifically address automation-related job displacement and requires grantees to report on outcomes including job placements, earnings data, and demographic breakdowns. The legislation is authorized for fiscal years 2026 through 2030 with funding for both new demonstration projects and expanded existing training services.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes federal grants for workforce training programs targeting lower-wage workers, directly funding essential public services as per budget support indicators.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides federal grants for worker retraining targeting automation-affected workers, prioritizing women, people of color, and lower-wage workers ($40k+), advancing workforce transition into tech sectors.95% confidence ✓ TechnologySupports TechnologyFunds training to transition workers into tech sectors, promoting workforce development and digital equity in technology90% confidence

Sub-Topics Workforce Development

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in committee · United States · Senate Sep 11, 2025

S 2771: Indian Programs Advance Appropriations Act of 2025

This bill requires advance funding for key tribal programs starting in fiscal year 2026. It mandates that new budget authority for specific accounts - like operations, education, health services, and construction at the Bureau of Indian Affairs, Bureau of Indian Education, and Indian Health Service - must be approved in advance for the following year, not just the current year. The bill also requires annual reports by July 31 detailing resource sufficiency, workload estimates, and future funding needs, with tribes consulted on budget planning. This directly affects tribal programs and services funded through these agencies, aiming to prevent annual funding delays.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates advance appropriations for tribal programs, ensuring stable funding for essential services like health and education.95% confidence ✓ EducationSupports EducationRequires advance funding for Bureau of Indian Education (BIE) education programs, ensuring stable budget authority for tribal schools and educational services.95% confidence ✓ HealthcareSupports HealthcareBill mandates advance funding for Indian Health Service and tribal health programs, strengthening healthcare access for Native communities.85% confidence

Sub-Topics Appropriations Tags Tribal Nations

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in committee · United States · Senate Sep 10, 2025

S 2758: Freight RAILCAR Act of 2025

S 2758 creates a 10% federal tax credit for businesses that modernize or replace qualified freight railcars, directly affecting railroad operators and freight railcar owners. The credit covers expenses for new railcars meeting specific performance standards (8% capacity increase or AAR/HM-251 safety standards) or modernizing existing cars, with a limit of 1,000 qualifying railcars per taxpayer annually. To qualify, railcars must replace two scrapped cars from the previous 48 months and be built in approved facilities. The credit applies only to railcars placed in service after December 2024, expiring three years after enactment, and requires annual reporting on credit usage and railcar replacement impacts.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates 10% federal tax credit for railcar modernization, reducing business tax liability. Directly provides tax relief aligning with Budget & Taxes support indicators.95% confidence ✓ TransportationSupports TransportationProvides 10% tax credit for modernizing freight railcars meeting safety/performance standards, directly advancing transportation infrastructure and safety standards.95% confidence

Sub-Topics Tax Credits Freight Rail

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in committee · United States · Senate Sep 3, 2025

S 2693: Biobased Market Expansion Act of 2025

The Biobased Market Expansion Act of 2025 amends federal procurement rules to increase government purchases of biobased products. It requires federal agencies to annually raise their biobased product procurement targets, promote domestically produced biobased items, and establish price preferences for these products. Agencies must also provide staff training, update procurement catalogs to clearly identify eligible biobased products, and report compliance details. The bill directly affects federal procurement offices and biobased product manufacturers, with a Comptroller General review mandated within two years to assess implementation and recommend improvements.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates increased federal procurement of biobased products, directing government spending toward specific domestic items and advancing fiscal management through mandatory spending targets and reporting.95% confidence ✓ EnergySupports EnergyPromotes renewable biobased products via federal procurement mandates, advancing renewable energy infrastructure and reducing fossil fuel dependence.90% confidence ✓ EnvironmentSupports EnvironmentPromotes biobased products (renewable resources) to reduce environmental impact, aligning with conservation and pollution control goals.90% confidence

Sub-Topics Audits & Accountability Procurement

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in committee · United States · House Jan 7, 2026

HR 6965: IMPROVE Safety for Schools Act

The IMPROVE Safety for Schools Act requires schools receiving federal funding to provide parents with information about gun safety devices and their purchase. It creates a tax credit of up to $300 for purchasing firearm safety devices (secure gun storage), with income limitations that reduce the credit for higher earners. The bill also prohibits disclosure of tax return information related to this credit to federal agencies. Additionally, it includes provisions for de-escalation training for school staff and school safety specialist positions at schools. This bill directly affects local educational agencies, parents of schoolchildren, and taxpayers who purchase firearm safety devices.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $300 tax credit for gun safety devices with income limits, providing tax relief for middle/lower income families.95% confidence

Sub-Topics Procurement Tax Credits

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