Budget & Taxes (Business Taxes)

HR 311, the Restoring Fuel Market Freedom Act of 2025, repeals multiple existing federal tax credits for fuel producers and importers. It specifically eliminates tax credits for alcohol fuels (Section 40), biodiesel (Section 40A), sustainable aviation fuel (Section 40B), clean fuel production (Section 45Z), and alternative fuel mixtures (Section 6426). These repeals apply to fuels produced, sold, or used after the bill's enactment date, removing current tax incentives for these fuel types. The bill directly affects businesses producing or importing these fuels, as they will no longer qualify for the repealed credits.

SJRES 102 is a congressional resolution disapproving the District of Columbia Council's approval of the D.C. Income and Franchise Tax Conformity and Revision Temporary Amendment Act of 2025 (D.C. Act A26-0217). This resolution, introduced by Senator Scott on January 27, 2026, aims to block the D.C. tax law from taking effect by invoking Congress's disapproval authority under the District of Columbia Home Rule Act. The bill directly affects D.C. residents and businesses subject to the income and franchise tax provisions in the disapproved law. If passed, it would prevent the D.C. tax code changes from becoming effective.

HR 312, the Restoring Vehicle Market Freedom Act of 2025, repeals five tax credits related to clean and alternative fuel vehicles from the Internal Revenue Code. Specifically, it eliminates credits for previously owned clean vehicles, alternative motor vehicles, alternative fuel refueling property, new plug-in electric vehicles, and commercial clean vehicles. This change means individuals and businesses purchasing or installing qualifying vehicles or infrastructure will no longer be eligible for these tax incentives. The repeal applies to vehicles or property acquired or placed in service after the bill's enactment date.