Budget & Taxes (Tax Credits)

in committee · United States · House Jun 23, 2026

HR 9407: SPIRIT Act

The SPIRIT Act creates a new tax credit for small distilleries that use at least 90% of their ingredients from domestic sources. To qualify for a $2.35 reduction per proof gallon in their taxes, a distiller must produce no more than 100,000 proof gallons annually and ensure their production is primarily based on U.S.-harvested materials. The law also includes a recapture provision that requires distilleries to pay back the credit if they are found to be ineligible after receiving it. These financial incentives are designed to support smaller producers who rely on American agricultural ingredients, and the changes will take effect for spirits produced after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit for small distilleries using domestic ingredients, providing fiscal relief and promoting domestic sourcing.75% confidence

Sub-Topics Tax Credits

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in committee · United States · House Jun 24, 2026

HR 9426: Affordable Youth Enrichment Opportunities Act

The Affordable Youth Enrichment Opportunities Act creates a new tax deduction allowing individuals to claim up to $5,000 for expenses related to youth programs for dependents under age 19. These eligible programs include tutoring, academic enrichment, athletics, and the arts, covering costs such as fees, equipment, and digital platform access. The deduction is subject to income limits, phasing out for taxpayers with modified adjusted gross income exceeding $100,000 to $200,000 depending on filing status, and cannot be claimed if the dependent is already claimed by another taxpayer. The provision applies to taxable years beginning after December 31, 2026, with the dollar amounts subject to inflation adjustments after 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a new tax deduction for youth program expenses, providing tax relief and encouraging investment in essential services.90% confidence ✓ EducationSupports EducationBill provides tax deductions for youth educational expenses like tutoring and enrichment, expanding access and funding for student programs.90% confidence

Sub-Topics Income Tax Tax Credits

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in committee · United States · House May 14, 2026

HRES 1292: To acknowledge the Black Women Best framework to empower and improve life for all through guaranteed income, expanding child and income tax credit, increasing access to equitable health care and government assistance, prohibiting policing in schools, and prioritizing restorative justice.

This resolution formally acknowledges the Black Women Best framework, a policy blueprint designed to address historical economic disparities faced by Black women in the United States. It highlights specific strategies such as implementing guaranteed income, expanding tax credits, improving healthcare access, removing police from schools, and prioritizing restorative justice. The measure serves as a non-binding statement of support rather than a law that directly changes federal programs or mandates new actions. By recognizing this framework, the House encourages policymakers to use it as a guide for creating more equitable legislation that centers the lived experiences of Black women.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly supports expanding child and income tax credits and guaranteed income, which aligns with providing tax relief and funding essential social programs.85% confidence ✓ Criminal JusticeSupports Criminal JusticeBill explicitly supports restorative justice and prohibits policing in schools, key criminal justice reform measures.90% confidence ✓ EducationSupports EducationBill removes police from schools and prioritizes restorative justice, directly improving the educational environment and student safety.85% confidence ✓ HealthcareSupports HealthcareBill explicitly aims to improve healthcare access and equity through the Black Women Best framework.90% confidence

Sub-Topics Income Tax Tax Credits Policing

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in committee · United States · House Jun 11, 2026

HR 9267: Transit Oriented Development Act of 2026

This bill creates a new tax incentive to encourage the construction and renovation of affordable housing near public transportation hubs. It directly affects developers and investors by increasing the Low-Income Housing Tax Credit for buildings located within half a mile of rail, bus, harbor, or waterway stations in high-density zones. The credit amount is boosted to 150% of the standard value, rising to 155% for projects in Hawaii, Alaska, or U.S. territories, with limits on how many areas can be designated in each region. Additionally, the bill requires the Department of Housing and Urban Development to study geographic cost-of-living differences and propose changes to how tax credit funds are distributed among states.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax incentive by increasing the Low-Income Housing Tax Credit, directly advancing tax policy to fund affordable housing near transit.90% confidence ✓ HousingSupports HousingBill creates tax incentives to encourage affordable housing construction near transit hubs, directly advancing housing development.95% confidence ✓ TransportationSupports TransportationBill creates tax incentives to encourage construction near public transit hubs, directly supporting transportation infrastructure and sustainable development.90% confidence

Sub-Topics Tax Credits Tax Incentives Affordable Housing Historic Preservation Housing Finance Ports Public Transit Rail

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in committee · United States · House Jun 4, 2026

HR 9168: Complete America’s Great Trails Act

The Complete America's Great Trails Act creates a new federal tax credit to encourage private landowners to donate land or conservation easements that include National Scenic Trails. This provision allows taxpayers to claim a credit equal to the fair market value of their donation, provided the land covers a trail corridor of at least 50 feet on each side, while also preventing them from taking a separate tax deduction for the same gift. The bill permits continued recreational or agricultural use of the donated land as long as it does not harm conservation goals. Additionally, the legislation requires the Secretary of the Interior to study the credit's effectiveness and report to Congress on whether it should be made refundable or transferable within four years.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a federal tax credit, providing tax relief and encouraging private land donations for conservation.85% confidence ✓ EnvironmentSupports EnvironmentBill incentivizes land donation and conservation easements to protect National Scenic Trails, directly advancing environmental conservation and natural resource protection.95% confidence ✓ TransportationSupports TransportationBill funds trail corridors and encourages land donations for National Scenic Trails, enhancing recreational transportation infrastructure.85% confidence

Sub-Topics Tax Credits Conservation Parks & Recreation

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in committee · United States · House Jun 18, 2026

HR 9356: Veteran Headstone Honor Act

The Veteran Headstone Honor Act creates a tax credit for private cemeteries that attach official veteran headstone medallions to deceased individuals' markers. This financial incentive allows eligible cemeteries to claim a dollar-for-dollar reduction in their federal income tax liability for the specific costs of affixing these medallions. To receive the credit, the cemetery must certify to the IRS that the medallion has been installed and provide an itemized statement of the expenses incurred. The legislation applies to medallions defined under existing federal law and takes effect for expenses paid or incurred after the bill is enacted.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit for private cemeteries to encourage veteran headstone installation, providing fiscal relief and promoting veteran honors.80% confidence ✓ VeteransSupports VeteransBill provides tax credits to facilitate the installation of veteran headstone medallions, directly supporting recognition and honors for veterans.95% confidence

Sub-Topics Income Tax Tax Credits Memorials & Recognition

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in committee · United States · Senate Jun 8, 2026

S 4700: Complete America’s Great Trails Act

The Complete America's Great Trails Act creates a new federal tax credit to encourage donations of land that includes National Scenic Trails or their surrounding corridors. This provision allows taxpayers to claim a credit equal to the fair market value of the donated land, provided the property meets specific width requirements and is used for conservation purposes. The bill also permits continued recreational or agricultural use of the donated land as long as such activities do not harm significant conservation interests. Additionally, the legislation requires the Secretary of the Interior to study the credit's effectiveness and report back to Congress within four years regarding potential changes like making the credit refundable.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a federal tax credit for land donations, providing tax relief and encouraging conservation funding.85% confidence ✓ EnvironmentSupports EnvironmentBill creates tax credits to encourage land donations for conservation and protects National Scenic Trails.90% confidence

Sub-Topics Tax Credits Conservation Parks & Recreation

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in committee · United States · House May 26, 2026

HR 9031: Young Adult Tax Credit Act

The Young Adult Tax Credit Act creates a new $500 monthly tax credit for individuals aged 18 to 24 who are U.S. citizens or residents, with the amount adjusted annually for inflation. This credit is refundable, meaning eligible recipients can receive the full benefit even if they owe no federal taxes, and it is distributed through monthly advance payments starting after December 31, 2026. To manage these payments, the bill establishes an online portal for taxpayers to manage their accounts and includes specific rules to prevent fraud and ensure funds are not subject to garnishment for debts like child support. The legislation also mandates a government outreach campaign to help eligible young adults, particularly those from underrepresented populations, understand and claim the credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill introduces a refundable tax credit for young adults, providing direct financial relief and reducing their tax burden.90% confidence

Sub-Topics Income Tax Tax Credits

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in committee · United States · House Apr 30, 2026

HR 8624: WAGES Act of 2026

The WAGES Act of 2026 creates a new tax credit to encourage employers to hire and train workers through registered apprenticeship programs. Eligible businesses can claim a credit equal to 50% of qualified wages and program expenses for each apprentice, with specific caps on the amount that can be claimed per quarter. The bill also clarifies that certain awards given to apprentices, such as those for completing training milestones, are treated as non-taxable employee achievement awards rather than taxable income. These changes are designed to provide financial incentives for companies to invest in on-the-job training while expanding career pathways for workers without four-year degrees.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a new tax credit to encourage apprenticeship programs, providing fiscal relief to businesses and promoting workforce development.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill creates tax credits to encourage hiring and training workers via apprenticeships, directly strengthening employment standards and workforce development.90% confidence

Sub-Topics Tax Credits Tax Incentives Apprenticeships Labor Standards Workforce Development

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in committee · United States · House May 14, 2026

HR 8837: RISE Act

The RISE Act introduces tax incentives to encourage small businesses to offer pension plans to their employees. It increases the startup tax credit for microemployers, allowing them to claim a larger credit for establishing a retirement plan starting in 2027. Additionally, the bill permits service providers who help set up these plans to receive a tax credit for the fees they waive to make the plans affordable. To prevent fraud, the law requires employers to certify that they have not previously received similar credits for the same group of workers. These changes aim to lower the financial barriers for small employers and their service partners to create retirement savings options.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill introduces tax incentives and credits for small businesses and service providers, promoting fiscal responsibility and economic growth through tax relief.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill expands retirement benefits for small business employees through tax incentives, directly strengthening worker benefits.90% confidence

Sub-Topics Pensions Tax Credits Retirement Benefits Tags Small Business

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