The Fusion Advanced Manufacturing Parity Act creates a 25% tax credit on the sales price of specific fusion energy components, such as fusion chambers, high-temperature superconducting magnets, and cooling systems, sold after 2025. The credit phases out over time, reducing to 75% of the base credit in 2032, 50% in 2033, and 25% in 2034, with no credit after 2034. This policy directly affects manufacturers producing qualifying components for fusion energy machines designed to generate electricity or process heat. The credit aims to lower manufacturing costs for companies in the emerging fusion energy sector by providing financial incentives for these specialized components.
Eliminate Shutdowns Act This bill provides continuing appropriations to prevent a government shutdown if the appropriations bills for a fiscal year have not been enacted before the fiscal year begins and continuing appropriations are not in effect. Specifically, the bill provides appropriations at the rate of operations that was provided for the prior fiscal year to continue programs, projects, and activities that were funded in the preceding fiscal year.
This bill provides financial assistance to timber harvesting and hauling businesses that suffer significant revenue losses due to major disasters (including insect infestations). Eligible businesses must have experienced a 10% or greater drop in gross revenue during a specific 30-day period or quarter compared to the same period the previous year. The Secretary of Agriculture will pay 10% of the business's normal gross revenue for the affected period, restricted to operating expenses only. The program is funded with $50 million annually from 2025 through 2029 and requires annual reports detailing payments to recipients.
This bill creates a 40% tax credit for U.S. companies investing in new or upgraded facilities manufacturing critical supply chain goods, including pharmaceuticals, medical devices, semiconductors, and aerospace equipment. It specifically targets facilities located in the U.S., Puerto Rico, or U.S. possessions, with additional incentives for projects in economically distressed areas (poverty rate ≥30% in qualified opportunity zones). The credit excludes investments by foreign entities from "covered nations" or those with significant foreign government control. Companies must meet strict definitions of "qualified property" and facility purpose to qualify, with the credit applying to property placed in service after 2024.
The Accountability for Better Care Act of 2025 modifies key provisions of the Affordable Care Act's health insurance subsidies. It extends the premium tax credit period to 2027, increases the income threshold for higher-income households to 600% of the federal poverty level (from 400%), and ensures subsidies never exceed monthly premiums minus $5. The bill also requires U.S. citizenship for eligibility (replacing prior rules for non-citizens), and prohibits health plans covering abortions (except in cases of life endangerment, rape, or incest) from qualifying for subsidies. These changes apply to tax years beginning after December 31, 2025.
S 2915, the SPUR Housing Act, establishes a new $50 million annual grant program (2026-2030) to support emerging developers of affordable housing. The bill directs the Department of Housing and Urban Development (HUD) to award competitive grants to nonprofit housing organizations and community development financial institutions (CDFIs), which must use funds to provide emerging developers - defined as those with limited experience, capital, or focus on distressed communities - with financing (like predevelopment loans), capacity-building training, and technical assistance. Key provisions require grantees to help developers secure capital, manage budgets, navigate tax credits, and build partnerships with institutions of higher education. The program prioritizes support for developers targeting affordable housing projects in distressed communities and high-opportunity areas.
This bill creates tax credits for small tax-exempt nonprofits (like charities, schools, and religious organizations) to help them start or maintain retirement plans for their employees. It provides two specific credits: one for covering initial setup costs of a pension plan and another for automatically enrolling employees in retirement savings. The credits reduce the employer’s payroll tax liability, capped at the amount of payroll tax paid during the year. The changes apply to taxable years beginning after December 2024.
HR 4118 ends federal tax credits for new wind, solar, and battery energy storage projects starting construction after the bill's enactment. It directly affects developers and companies building these facilities by eliminating financial incentives for projects beginning after the law takes effect. The bill amends key tax code provisions (Sections 48, 45Y, and 48E) to exclude such new projects from eligibility, while leaving existing credits intact. This change applies only to projects with construction start dates after the bill's effective date, targeting future developments rather than current operations.
HR 320, the "Make Marriage Great Again Act of 2025," eliminates the tax "marriage penalty" for married couples filing jointly. The bill modifies the federal income tax code by doubling the income thresholds for married couples' tax brackets (using the brackets that apply to single filers), effectively making the tax rates for married couples more favorable. This change directly affects married couples filing jointly whose combined income would have previously pushed them into a higher tax bracket than if they filed separately. The policy change applies to taxable years beginning after December 31, 2024, and removes specific provisions that previously created the penalty.
This bill (S 2773, the WAGER Act) removes an excise tax on sports betting wagers that comply with state laws or tribal gaming compacts. It directly affects sports betting operators and bettors in states where sports betting is legal, as well as tribal gaming operations with approved compacts. The key provision exempts wagers placed on sporting events from the tax, provided they are not prohibited under state law or tribal agreements. The change applies to wagers placed after the bill becomes law.
