Budget & Taxes (Tax Credits)

in committee · United States · House Apr 10, 2025

HR 2852: Expanded Student Saver’s Tax Credit Act

This bill expands eligibility for two tax credits: the Saver's Credit (for retirement savings) and the Saver's Match (for low-income workers). It removes the previous exclusion of full-time students, allowing any dependent student claimed by a parent on their tax return to qualify for these benefits. The change applies to contributions made after the bill's enactment and aligns with existing rules for dependents under Section 151 of the tax code. This directly affects dependent college students who were previously ineligible for these credits, potentially increasing their access to retirement savings incentives.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credits for low-income students and workers, providing direct tax relief per Budget & Taxes indicators for middle/lower income.95% confidence

Sub-Topics Tax Credits

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in committee · United States · Senate Jul 30, 2025

S 2538: Working Waterfront Disaster Mitigation Tax Credit Act

This bill creates a 30% tax credit for businesses investing in disaster mitigation projects on "working waterfront" properties, such as those used for commercial fishing, boating, or aquaculture. The credit covers up to $300,000 annually per business for eligible costs like floodproofing, shoreline stabilization, or warning systems designed to prevent damage from natural hazards. To qualify, a business must meet a gross receipts limit of $47 million annually and use the property for water-dependent activities with access to navigable waters. The credit applies to projects completed after 2025 and is limited to one claim per business every 10 years.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 30% tax credit for businesses on disaster mitigation, reducing tax liability for qualifying waterfront operations. Directly modifies tax policy to incentivize investments.95% confidence ✓ EnvironmentSupports EnvironmentFunds disaster mitigation projects (floodproofing, shoreline stabilization) on waterfront properties to protect against natural hazards, advancing environmental resilience and resource protection.85% confidence

Sub-Topics Tax Credits Tax Incentives Coastal & Flood Protection

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in committee · United States · House Apr 1, 2025

HR 2543: Tax-Free Pell Grant Act

This bill makes Federal Pell Grants tax-free for students, removing the tax burden on these federal education awards. It also expands the American Opportunity Tax Credit to cover eligible child care costs (for students enrolled in school) and up to $1,000 for computer equipment or internet access used for education. These changes apply to tax returns filed for 2025 and later. The bill directly affects students receiving Pell Grants and those claiming the American Opportunity Credit for educational expenses.

Topics ✓ Budget & TaxesSupports Budget & TaxesMakes Pell Grants tax-free and expands education tax credits, providing direct tax relief for students and families.95% confidence ✓ EducationSupports EducationMakes Pell Grants tax-free and expands tax credits for education-related costs (child care, tech), directly increasing financial support for students and improving access to higher education.95% confidence ✓ TechnologySupports TechnologyBill explicitly covers internet access costs under tax credit expansion for education, directly advancing technology access for students.95% confidence

Sub-Topics Tax Credits Higher Education Student Financial Aid Broadband Access

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in committee · United States · Senate Apr 9, 2025

S 1372: Tax Cut for Workers Act of 2025

This bill, the Tax Cut for Workers Act of 2025, expands the Earned Income Credit (EIC) to make it more accessible and generous for low-income workers without children. It lowers the minimum age for the credit from 25 to 19 (with exceptions for students, former foster youth, and homeless youth), removes the maximum age limit, and increases the credit amount and income thresholds. The bill also adjusts these amounts for inflation and allows taxpayers to use their prior year’s earned income if it was higher, applying to taxable years starting after 2025. These changes extend the credit to U.S. territories like Puerto Rico and American Samoa without prior time limits.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands Earned Income Credit for low-income workers, providing tax relief by increasing credit amount and lowering eligibility age, directly supporting lower-income tax policy.95% confidence ✓ HousingSupports HousingExpands Earned Income Credit, increasing disposable income for low-income workers, directly supporting affordable housing affordability without explicit housing references.80% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExpands Earned Income Credit for low-income workers without children, increasing financial support and accessibility through lower age limits, higher credit amounts, and inflation adjustments.95% confidence

Sub-Topics Income Tax Tax Credits Homelessness Child Labor

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in committee · United States · Senate Mar 19, 2026

S 1813: High-Quality Charter Schools Act

This bill creates a 75% federal tax credit for individuals donating cash or securities to approved nonprofit charter school organizations. The credit is limited to 10% of adjusted gross income or $5,000 annually, and applies only to organizations meeting strict criteria (like 501(c)(3) status, performance-based state selection, and annual audits). It requires these organizations to spend 100% of donations on charter school creation/expansion within five years and caps total annual tax credits at $5 billion, allocated by state. The credit is designed to incentivize private funding for charter schools while ensuring accountability through spending rules and oversight.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 75% federal tax credit for donations to charter schools, providing tax relief to donors and incentivizing charitable contributions.95% confidence ✓ EducationSupports EducationCreates 75% federal tax credit to fund charter school expansion, increasing private investment in K-12 education access and infrastructure per bill's funding mechanism.95% confidence

Sub-Topics Tax Credits School Choice

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in committee · United States · House Aug 1, 2025

HR 4861: Working Waterfront Disaster Mitigation Tax Credit Act

The Working Waterfront Disaster Mitigation Tax Credit Act creates a 30% tax credit for businesses that invest in qualifying disaster mitigation projects on "working waterfront" property, such as commercial fishing facilities or boatyards. The credit covers up to $300,000 per year (adjusted for inflation after 2026) for projects designed to prevent flood, erosion, or storm damage using methods like structural elevation, floodproofing, or shoreline stabilization. To qualify, property must be used for water-dependent activities (e.g., commercial fishing or boating) with average annual gross receipts under $47 million and meet specific building code requirements for disaster resilience. The credit is limited to 10 years per business and applies to projects placed in service after 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 30% tax credit for disaster mitigation investments, promoting fiscal responsibility by preventing future government costs from disasters.90% confidence ✓ EnvironmentSupports EnvironmentProvides tax credits for shoreline stabilization and floodproofing projects to protect coastal properties from erosion and storms, advancing environmental conservation.95% confidence ✓ TransportationSupports TransportationBill protects transportation infrastructure (working waterfront properties for commercial use) via disaster mitigation tax credits, aligning with preserving transportation-related facilities.80% confidence

Sub-Topics Tax Credits Tax Incentives Coastal & Flood Protection Natural Disasters

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in committee · United States · Senate Jan 29, 2025

S 292: Educational Choice for Children Act of 2025

This bill establishes tax credits for individuals and corporations who contribute to scholarship granting organizations that provide educational scholarships for eligible students. The individual tax credit is limited to 10% of adjusted gross income or $5,000, while corporate credits are capped at 5% of taxable income. The bill defines "eligible students" as those from households with income not exceeding 300% of the area median gross income, and specifies that scholarships can cover tuition, materials, tutoring, and educational therapies. The bill includes a $10 billion annual cap on tax credits, with a first-come, first-served allocation system, and requires scholarship organizations to meet specific financial and operational standards.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credits for educational donations, providing tax relief to individuals/corporations while targeting lower-income students.95% confidence ✓ EducationSupports EducationExpands educational access via tax-credit scholarships for low-income K-12 students, creating new funding options through private school choice.95% confidence

Sub-Topics Tax Credits Higher Education School Choice Student Financial Aid

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in committee · United States · House Apr 17, 2025

HR 2932: CLEAR Skies Act

HR 2932, the CLEAR Skies Act, creates a tax credit for producing unleaded aviation gasoline in the U.S. The credit provides $1.25 per gallon in 2026, phasing down to $1.05 per gallon by 2030, for fuel that is lead-free, meets aviation standards, and is produced domestically. Producers must register with the IRS and certify compliance with these requirements to claim the credit. The bill also mandates a GAO study to analyze price differences between leaded and unleaded aviation fuel and whether the tax credit benefits end-users. This policy directly affects U.S. aviation fuel producers and aims to accelerate the transition from leaded to unleaded aviation fuel.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates a direct tax credit ($1.25-$1.05/gal) for domestic unleaded aviation fuel producers, advancing tax incentive policy under fiscal management.95% confidence ✓ EnvironmentSupports EnvironmentCreates tax credit for unleaded aviation fuel to reduce lead emissions, directly advancing pollution control in environmental protection.95% confidence ✓ TransportationSupports TransportationTax credit for unleaded aviation fuel promotes sustainable transportation by incentivizing cleaner fuel production and meeting aviation safety standards.90% confidence

Sub-Topics Tax Credits Airports

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in committee · United States · House Jun 12, 2025

HR 3964: Affordable Housing Equity Act of 2025

The Affordable Housing Equity Act of 2025 increases tax credits for developers building housing designated for extremely low-income households. It allows developers to claim a 150% increase in the eligible tax credit basis for units where at least 20% of residents earn 30% of local median income or 100% of the federal poverty line. This change directly affects housing developers and low-income renters in qualifying projects by making such developments more financially feasible. The policy modifies existing tax credit rules under Section 42 of the Internal Revenue Code, applying to projects receiving credit allocations after the bill's enactment or with obligations after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases tax credits for developers of extremely low-income housing, providing tax relief to incentivize affordable housing development and support low-income renters.90% confidence ✓ HousingSupports HousingBill increases tax credits for developers building housing for extremely low-income households, directly advancing affordable housing through financial incentives.95% confidence

Sub-Topics Tax Credits Tax Incentives Affordable Housing Historic Preservation Housing Finance

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in committee · United States · House Apr 9, 2025

HR 2800: Boost the Middle Class Act

HR 2800, the "Boost the Middle Class Act," increases the Earned Income Tax Credit (EITC) for low-to-moderate income workers and families. It raises the base credit amounts (e.g., from $6,330 to $13,629 for single filers) and expands the income thresholds where benefits phase out (e.g., from $11,610 to $24,992 for single filers), while adjusting inflation calculations to 2025. These changes directly benefit millions of working households, particularly those with children, by increasing refundable tax credits. The bill takes effect for tax years beginning after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases EITC benefits for low-to-moderate income earners, providing direct tax relief and expanding refundable credits per bill summary.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExpands EITC for low-income workers, increasing refundable tax credits to boost earnings and support working families directly addressing wage support and income stability.95% confidence

Sub-Topics Income Tax Tax Credits

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