Budget & Taxes (Tax Incentives)

in committee · United States · House Jun 12, 2025

HR 3967: CREATE JOBS Act

The CREATE JOBS Act changes business tax rules to provide more immediate deductions. It allows businesses to immediately deduct 100% of the cost for qualifying equipment and machinery (instead of depreciating over time), eliminates the 60-month amortization requirement for research costs (allowing immediate deduction), and creates a new real estate depreciation system that adjusts deductions based on inflation with a minimum annual 3% increase. These changes primarily affect businesses that purchase equipment, conduct research, or own rental properties. The bill's provisions apply to property placed in service before, on, or after enactment, with research-related changes applying to taxable years beginning after December 31, 2021.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides immediate business tax deductions for equipment, research, and real estate, reducing tax liability for qualifying businesses through expanded deductions.92% confidence

Sub-Topics Business Taxes Tax Incentives

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in committee · United States · House Jun 3, 2025

HR 3687: To amend the Internal Revenue Code of 1986 to renew and enhance opportunity zones, and for other purposes.

HR 3687 renews and enhances the Opportunity Zone program, which provides tax incentives for investments in designated low-income communities. The bill extends the program through 2033, increases tax benefits for rural Opportunity Zones (offering a 30% basis increase instead of 10%), and establishes new reporting requirements for Opportunity Zone funds and businesses. It also mandates annual Treasury reports tracking the program's economic impact, including job creation, poverty reduction, and other metrics to evaluate effectiveness.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends tax incentives for Opportunity Zones, increasing tax benefits (30% basis increase for rural zones) to encourage investment in low-income communities.95% confidence

Sub-Topics Tax Incentives Tags Economic Development Rural Communities

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in committee · United States · House Jul 23, 2025

HR 4739: SHARE Plan Act

This bill creates a tax incentive for U.S. corporations to distribute company stock to employees. To qualify, corporations must have 500+ full-time U.S. employees, be U.S.-domiciled, and meet specific share distribution requirements (e.g., distributing at least 1% of shares to employees or maintaining a 5% "SHARE ratio" of shares granted). Eligible corporations receive a 3% reduction in corporate income tax and can deduct the fair market value of distributed stock. Employee stock received under these plans is excluded from taxable income, directly benefiting workers at qualifying companies while lowering tax liability for the corporations.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProvides corporate tax break (3% reduction, deductions), creating tax incentives for corporations, opposing fiscal strengthening indicators.90% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives

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in committee · United States · House Sep 18, 2025

HR 5472: Brownfield Revitalization and Remediation Act

The Brownfield Revitalization and Remediation Act (HR 5472) allows businesses to immediately deduct the full cost of cleaning up contaminated properties (brownfields) instead of spreading these costs over time through depreciation. It restores this immediate deduction for cleanup costs incurred between 2012 and 2024, and again after 2029 (excluding 2025-2029), while expanding eligible costs to include assessment, investigation, and monitoring activities at brownfield sites. The bill also treats pollutants and contaminants as hazardous substances for tax purposes, making more cleanup expenses deductible under the Internal Revenue Code. This policy change directly affects businesses undertaking environmental remediation at brownfield sites across the United States.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides immediate tax deduction for business cleanup costs, offering tax relief under tax policy framework.90% confidence ✓ EnvironmentSupports EnvironmentIncentivizes cleanup of contaminated brownfield sites via tax deductions, directly advancing environmental remediation and protection.95% confidence

Sub-Topics Tax Incentives Hazardous Materials

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in committee · United States · House Dec 9, 2025

HR 6537: To amend the Internal Revenue Code of 1986 to extend certain tax benefits related to empowerment zones to the District of Columbia.

This bill extends existing empowerment zone tax incentives to the District of Columbia by designating a portion of DC as an empowerment zone under the Internal Revenue Code. It treats "the largest area within the District meeting eligibility requirements" as qualifying for these special tax benefits, which typically include enhanced deductions for businesses in economically distressed areas. The change would apply to tax periods beginning after December 31, 2025, directly affecting businesses operating in the designated DC area. The policy modifies how DC qualifies for these federal tax incentives without creating new benefits.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends tax incentives (enhanced deductions) to businesses in DC's empowerment zone, providing tax relief for economically distressed areas per tax code amendments.95% confidence

Sub-Topics Tax Incentives Tags Economic Development

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in committee · United States · House Jan 13, 2026

HR 7041: Earmark Elimination Act of 2026

HR 7041, the Earmark Elimination Act of 2026, prohibits the U.S. House of Representatives from considering any bill, resolution, or amendment containing a congressional earmark, limited tax benefit, or limited tariff benefit. It defines an earmark as a special spending request for a specific district or entity, a tax break for 10 or fewer beneficiaries with non-uniform rules, or a tariff change benefiting 10 or fewer entities. If such a provision is included, a point of order can be raised to strike it from the bill without debate. This rule change directly affects how House legislation is processed, preventing targeted spending or tax provisions from advancing. The bill does not alter existing laws but modifies House procedural rules to eliminate these specific types of provisions from consideration.

Topics ✓ Budget & TaxesSupports Budget & TaxesProhibits targeted tax benefits (loopholes) for ≤10 entities, closing specific tax loopholes per support indicators.95% confidence

Sub-Topics Appropriations Tax Incentives

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in committee · United States · House Jan 30, 2026

HR 7286: To amend the Internal Revenue Code of 1986 to revoke the tax-exempt status of organizations that provide, or provide funding for, abortion.

This bill would revoke the tax-exempt status of nonprofit organizations (like charities or health groups) that provide or fund abortions, except in specific cases. It directly affects organizations currently classified under Section 501(c)(3) of the tax code, such as some healthcare providers or advocacy groups. Key provisions define "abortion" as intentionally terminating a pregnancy (excluding cases where the mother’s life is at risk, or the pregnancy resulted from rape or incest), and deny tax exemption to groups meeting this definition. The change would take effect for tax years starting after the bill’s enactment date.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRevokes tax-exempt status for abortion-related orgs, restricting tax benefits under 501(c)(3) per bill's explicit tax policy change.95% confidence ✗ HealthcareOpposes HealthcareRevoking tax-exempt status for abortion-providing organizations directly restricts access to reproductive healthcare services, limiting patient access under healthcare policy.95% confidence

Sub-Topics Tax Incentives Women's Health

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in committee · United States · House Jan 22, 2026

HR 7216: Make American Housing Affordable (MAHA) Act of 2026

The MAHA Act of 2026 creates a new $5,000 federal tax credit (doubling to $10,000 for joint filers) for first-time homebuyers who purchase a principal residence during the tax year. It directly affects eligible individuals who haven’t claimed this credit in the prior four years, with the credit phasing out for those earning above $250,000 (individual) or $500,000 (joint) in modified adjusted gross income. The credit reduces tax liability by a fixed amount, not a percentage, and applies to taxable years beginning after the bill’s enactment. This is a tax incentive, not direct housing assistance, aimed at reducing the cost of homeownership for qualifying buyers.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $5k tax credit for first-time homebuyers (phased out above $250k/$500k), reducing tax liability for middle-income earners per tax relief indicators.90% confidence ✓ HousingSupports HousingProvides $5,000 tax credit (doubling for joint filers) to first-time homebuyers, directly reducing purchase costs and increasing housing affordability for eligible buyers.95% confidence

Sub-Topics Tax Credits Tax Incentives Affordable Housing Homeownership Housing Finance

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in committee · United States · House Dec 18, 2025

HR 6836: Beginning Farmer Tax Incentive Act

The Beginning Farmer Tax Incentive Act (HR 6836) creates tax benefits for beginning farmers by excluding 40% of capital gains from selling qualifying farmland and up to $25,000 annually from lease income. Qualifying farmland must have been farmed by the seller’s family for at least 5 years. Beginning farmers are defined as new individuals with 1-10 years of farming experience (reported on Schedule F), those with beginner farm loans, or those with substantial farming knowledge. The policy directly supports new agricultural entrants through targeted tax relief, applying to land used for farming with specific ownership history requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax incentives (excludes capital gains/lease income) for beginning farmers, aligning with tax relief for agricultural sector per Budget & Taxes topic indicators.95% confidence

Sub-Topics Tax Incentives Tags Agriculture

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in committee · United States · House Feb 11, 2026

HR 7496: Health Investment Zones Act of 2026

The Health Investment Zones Act of 2026 establishes a program to designate areas with documented health disparities as "Health Investment Zones" to improve health outcomes and reduce inequities. To qualify, areas must meet specific criteria including low income (below 150% of the federal poverty line), high rates of certain health issues, or designation as a health professional shortage area. The bill provides tax incentives for employers hiring workers in these zones, grants to community organizations for health initiatives, student loan repayment for health care workers, and additional Medicare payments for services provided in designated zones. These zones would be designated for 10 years with requirements for sustainability plans and evaluation of health outcomes.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax incentives for employers in low-income health disparity zones, targeting tax relief for underserved communities per bill's criteria.95% confidence ✓ HealthcareSupports HealthcareBill designates health disparity zones with tax incentives/grants to improve outcomes and reduce inequities, directly advancing healthcare access in underserved areas per its summary.95% confidence

Sub-Topics Tax Incentives Healthcare Workforce Medicare Tags Economic Development

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