This bill creates a federal tax credit for businesses purchasing retreaded tires made and bought in the U.S., offering up to $30 per tire (30% of cost, capped at $30) through 2028. It directly affects tire retreading businesses and companies buying tires for operations. Key provisions include requiring federal agencies to purchase retreaded tires instead of new ones when available on the GSA schedule, and mandating updates to federal procurement rules within one year of enactment. The credit expires for tires placed in service after December 31, 2028.
This bill creates a $2,000 annual tax credit for adult children who live with and provide care to aging relatives meeting specific criteria. To qualify, the caregiver must be at least 18 (or 16 if legally emancipated), live with the relative for 6+ months, and provide 10+ hours/week of care, verified by a healthcare provider. The care recipient must be age 55+, unable to perform 1 activity of daily living and 3 instrumental activities (like meal prep or managing finances) without substantial help, requiring care for at least 180 days. The credit phases out for single filers earning over $75,000 ($150,000 for joint filers) and cannot be claimed alongside the existing child care credit.
The Affordable Housing Credit Improvement Act of 2025 updates the Low-Income Housing Tax Credit program to increase affordability and accessibility for low-income households. It raises state allocation amounts through revised per capita calculations, modifies income eligibility rules to better serve extremely low-income households, and adds protections for domestic violence victims in housing. The bill expands "difficult development areas" to include rural areas and Indian lands, and changes the program's name from "Low-Income Housing Credit" to "Affordable Housing Credit" to better reflect its purpose. These changes aim to make affordable housing more accessible while improving transparency and accountability in the program's implementation.
This bill creates a refundable tax credit for homeowners who make specific disaster-prevention improvements to their primary residence. It allows a 50% credit on qualified expenses (up to $25,000 per household) for work like reinforcing roofs, installing flood barriers, adding fire-resistant materials, or creating storm shelters, as defined by FEMA standards. The credit applies only to homes located in areas with recent federal disaster declarations for wildfires, hurricanes, floods, or windstorms. Expenses covered by government funds are excluded, and the credit becomes available for 2025 tax returns and later.
HR 4933, the Research and Development Tax Credit Expansion Act of 2025, expands tax benefits for small businesses conducting research. It increases the refundable R&D credit rate to 20% (from 14%) for qualified small businesses, adjusts credit amounts for inflation annually, and allows the credit to be refunded against unemployment taxes instead of just income taxes. The bill broadens eligibility by raising the gross receipts threshold from $5 million to $10 million for "qualified small businesses" and modifies rules for calculating credits in early years of research activity. These changes apply to taxable years beginning after December 31, 2025, directly affecting qualifying small businesses with under $25 million in annual revenue.
HR 2833 makes the federal adoption tax credit refundable, meaning qualifying adoptive parents can receive cash payments even if they owe no federal income tax. This directly affects low- and middle-income adoptive families who previously could only reduce their tax bill with the credit but couldn’t get cash back. The bill moves the credit from a non-refundable to a refundable status in the tax code and adds standardized verification forms for adoptions. It takes effect for tax years beginning after December 31, 2025.
HR 3698, the Living Organ Donor Tax Credit Act, creates a federal tax credit for living individuals who donate specific life-saving organs (like kidneys, livers, or bone marrow) for transplantation. It allows donors to claim a credit covering unreimbursed medical costs, travel, lodging, follow-up care, paperwork, and lost wages related to donation, capped at $5,000 per tax year. The credit applies only to living donors whose organ removal and transplantation comply with U.S. law, excludes reimbursed expenses, and does not apply to deceased donors. This bill directly affects living organ donors who bear out-of-pocket costs during the donation process.
This bill creates a refundable tax credit of up to $15,000 (10% of purchase price) for first-time homebuyers in the U.S. To qualify, buyers must be at least 18 years old, have no recent home ownership, and purchase with a federally-backed mortgage. The credit is reduced for higher-income households relative to local median income and home prices. Homeowners who sell within 4 years must repay the credit, though exceptions exist for military service or job changes. The credit can also be transferred to the mortgage lender at the time of purchase.
This bill expands paid leave under the Family and Medical Leave Act (FMLA) to cover "spontaneous loss of an unborn child" (defined as unplanned, non-purposeful loss in the womb), allowing eligible employees to take leave for their own or their spouse's loss. It also creates a new refundable tax credit for individuals who experienced a stillbirth (defined as spontaneous fetal death before delivery), requiring a state-issued stillbirth certificate for eligibility. The bill adds specific certification requirements for leave requests and clarifies how the tax credit integrates with existing tax filing rules. It directly affects private-sector employees covered by FMLA and taxpayers who suffered a stillbirth.
The CROP Act (S 3297) extends the federal tax credit for biodiesel producers by delaying its expiration date from December 31, 2024 to May 31, 2026. This directly affects biodiesel manufacturers and fuel sellers who claim the credit for qualifying fuel. The bill also adds a provision to prevent double benefits by ensuring the credit isn't claimed alongside another specific tax credit (section 45Z). The extension applies to biodiesel used or sold after November 30, 2025.
