Budget & Taxes (Tax Credits)

in committee · United States · House May 22, 2026

HR 9012: Affordable Housing Credit Carryback Act

The Affordable Housing Credit Carryback Act allows developers of low-income housing projects to apply their tax credits to tax years up to five years prior to the current year. This change directly affects developers who may have incurred losses in earlier years and are unable to fully utilize the tax benefits generated by their projects. By amending the Internal Revenue Code, the bill enables these developers to carry back the low-income housing tax credit to offset taxes owed in those past years. This provision aims to improve the immediate financial viability of affordable housing developments without altering the total amount of tax credit available.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief by allowing developers to carry back credits, directly advancing tax policy goals.90% confidence ✓ HousingSupports HousingBill enhances tax credits for low-income housing developers, facilitating affordable housing development.90% confidence

Sub-Topics Tax Credits Affordable Housing Historic Preservation Housing Finance

Track

in committee · United States · House May 21, 2026

HR 8995: REMITTANCE Act

The REMITTANCE Act increases the excise tax on remittance transfers from 1 percent to 25 percent, with the goal of reducing the federal deficit by directing the collected funds to the Treasury's general fund. While this higher tax applies broadly, the bill creates a specific refundable tax credit for U.S. citizens who send money for business or travel purposes, allowing them to claim back the tax paid on those specific transactions. The legislation defines remittance transfers using existing standards from the Electronic Fund Transfer Act and applies these new tax rules retroactively to the date of a previous law. Ultimately, the bill aims to discourage personal money transfers while providing financial relief to individuals sending funds for work or travel.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill increases excise tax on remittance transfers, directly raising taxes on individuals sending money, which aligns with opposing indicators.95% confidence

Sub-Topics Sales Tax State Budget Tax Credits

Track

in committee · United States · House May 21, 2026

HRES 1319: Ending child poverty.

This resolution expresses the House of Representatives' desire to eliminate child poverty and establish a national target to guide future policy. It recognizes the significant drop in poverty during 2021 caused by expanded federal support, such as the Child Tax Credit, and calls for making these investments permanent. The document highlights disparities affecting Black, Hispanic, and immigrant children, as well as those living in U.S. territories, and advocates for increased federal spending on early childhood education and essential services like nutrition and housing. Ultimately, it encourages states and localities to adopt policies that align with these goals to ensure all children have access to basic necessities and educational opportunities.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill advocates for permanent expanded federal support like the Child Tax Credit, indicating support for tax policies that reduce poverty.85% confidence ✓ EducationSupports EducationEliminating child poverty directly enhances educational access and student outcomes, implying support for education through economic stability.75% confidence

Sub-Topics Tax Credits Early Childhood Tags Children

Track

in committee · United States · House May 13, 2026

HR 8780: Critical Mineral and Extraction Tax Parity Act

The Critical Mineral and Extraction Tax Parity Act expands a federal tax credit for advanced manufacturing to include eleven new critical minerals, such as boron, copper, and uranium, while also adding specific rules for phosphate. It allows companies that extract ore in the United States to claim these credits for the extraction costs themselves, provided they certify that the ore is refined into a qualifying mineral and sold to an unrelated buyer. Additionally, the bill removes a previous penalty that reduced tax credit amounts for metallurgical coal, ensuring these materials receive the same financial support as other critical minerals. These changes are designed to encourage domestic production and processing of essential raw materials and will take effect for minerals produced and sold after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands tax credits for domestic mineral extraction, promoting manufacturing and reducing tax burdens for qualifying companies.85% confidence ✓ EnergySupports EnergyBill expands tax credits for critical minerals like copper and uranium, which are essential for renewable energy infrastructure and advanced manufacturing.85% confidence

Sub-Topics Tax Credits Coal

Track

in committee · United States · Senate May 19, 2026

S 4569: Protecting Circuit Boards and Substrates Act

The Protecting Circuit Boards and Substrates Act creates a new federal tax credit for businesses that purchase printed circuit boards manufactured in the United States. This credit allows companies to claim 25 percent of the cost they incur for these domestically fabricated electronic components, which are defined as layered structures connecting various electronic parts. The provision is designed to encourage the use of American-made circuit boards by making them more financially attractive for taxpayers. It will take effect for purchases made after December 31, 2025, and the Treasury Department will issue necessary regulations to implement the rule.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a new federal tax credit for domestic circuit board purchases, providing financial incentives and tax relief to businesses.85% confidence ✓ TechnologySupports TechnologyBill provides tax credits to encourage domestic manufacturing of electronic components, strengthening the US technology supply chain.90% confidence

Sub-Topics Tax Credits

Track

in committee · United States · House May 15, 2026

HR 8864: LIFT Act

The LIFT Act creates a new tax incentive for states and municipalities by allowing them to receive a direct credit from the federal government on interest payments made for specific infrastructure bonds. To qualify for this credit, the bonds must be used entirely for capital projects or maintenance, and the interest would normally be tax-exempt, with the credit amount varying by the bond's maturity date. The legislation also clarifies rules for refinancing these bonds and adjusts tax limits for financial institutions that issue certain types of tax-exempt debt. These changes are designed to lower the cost of borrowing for local infrastructure projects while maintaining strict guidelines on how the funds can be used.

Topics ✓ Budget & TaxesSupports Budget & TaxesThe LIFT Act provides federal tax credits to states and municipalities for infrastructure bond interest, directly increasing funding for capital projects and promoting fiscal responsibility.90% confidence ✓ EnergySupports EnergyBill provides tax incentives for infrastructure bonds used for capital projects, which can fund energy infrastructure and utilities.75% confidence ✓ TransportationSupports TransportationThe bill provides tax credits for infrastructure bonds used for capital projects and maintenance, directly funding transportation improvements.90% confidence

Sub-Topics Debt & Bonds Tax Credits Tax Incentives Bridges Roads & Highways Transportation Funding

Track

in committee · United States · House May 4, 2026

HR 8655: Jersey Pride Tax Credit Act of 2026

The Jersey Pride Tax Credit Act of 2026 creates a new tax incentive for businesses that sell products promoting the state of New Jersey. Under this bill, eligible businesses can claim a tax credit equal to 25 percent of the sales revenue from these specific products. Additionally, the legislation requires Port Authorities to give preference when renting commercial space to businesses selling such promotional items. These changes apply to products sold after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides a federal tax credit to businesses, offering fiscal relief and promoting economic activity related to New Jersey.75% confidence

Sub-Topics Tax Credits Tax Incentives

Track

in committee · United States · Senate May 12, 2026

S 4492: ABLE MATCH (Making Able a Tool to Combat Hardship) Act

This bill creates a new federal tax credit that matches contributions to ABLE savings accounts, which are designed to help people with disabilities save for qualified expenses. The government will contribute up to 100% of an individual's annual contributions, capped at $2,000, provided the taxpayer's income falls below specific thresholds that phase out the benefit. To receive the match, individuals must file a tax return claiming the credit, and the funds are typically deposited directly into their ABLE account. The legislation also requires state programs to report demographic data about account holders and authorizes $5 million in annual grants to help states promote these savings accounts.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a federal tax credit matching contributions to disability savings, providing direct tax relief and funding for essential support services.95% confidence ✓ HealthcareSupports HealthcareBill provides federal tax credits to help individuals with disabilities save for qualified medical and health-related expenses.90% confidence

Sub-Topics Tax Credits

Track

in committee · United States · Senate May 13, 2026

S 4506: Advancing Water Reuse Act

The Advancing Water Reuse Act creates a new federal tax credit to encourage investment in water recycling infrastructure. This 30 percent credit applies to businesses and utilities that install, replace, or modify onsite water recycling systems in industrial, manufacturing, data center, or food processing facilities. Eligible projects also include those that replace freshwater with recycled municipal water or build new municipal water recycling systems. To qualify, the construction of the project must begin within ten years of the bill's enactment, and the credit is calculated based on the cost of tangible property placed in service during the taxable year.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a new federal tax credit to encourage water recycling infrastructure investment, directly advancing fiscal management and providing tax relief.90% confidence ✓ EnvironmentSupports EnvironmentBill creates tax credits for water recycling infrastructure, conserving freshwater resources and reducing environmental strain.90% confidence

Sub-Topics Tax Credits Drinking Water Recycling Water Quality

Track

in committee · United States · House Apr 23, 2026

HR 8482: To amend the Internal Revenue Code of 1986 to modify certain investment credit rules with respect to nuclear facilities.

This bill modifies tax credit rules for nuclear power plants to allow them to claim investment credits without certain restrictions that currently apply to other energy facilities. Specifically, it removes a limitation that previously prevented public utility companies from claiming these credits for nuclear facilities and eliminates a rule that capped credits based on how quickly the project was completed. These changes would affect nuclear power generators and investors starting with taxable years beginning after December 31, 2026. The bill does not create new tax credits but adjusts existing ones to treat nuclear facilities more similarly to other qualified energy projects.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill modifies tax credit rules to allow nuclear facilities to claim investment credits, providing tax relief and financial incentives for energy infrastructure.85% confidence ✓ EnergySupports EnergyBill removes tax restrictions for nuclear facilities, promoting nuclear energy infrastructure and investment.90% confidence

Sub-Topics Tax Credits Nuclear

Track