Budget & Taxes (Procurement)

in committee · United States · House Jan 7, 2026

HR 6965: IMPROVE Safety for Schools Act

The IMPROVE Safety for Schools Act requires schools receiving federal funding to provide parents with information about gun safety devices and their purchase. It creates a tax credit of up to $300 for purchasing firearm safety devices (secure gun storage), with income limitations that reduce the credit for higher earners. The bill also prohibits disclosure of tax return information related to this credit to federal agencies. Additionally, it includes provisions for de-escalation training for school staff and school safety specialist positions at schools. This bill directly affects local educational agencies, parents of schoolchildren, and taxpayers who purchase firearm safety devices.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $300 tax credit for gun safety devices with income limits, providing tax relief for middle/lower income families.95% confidence

Sub-Topics Procurement Tax Credits

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in committee · United States · House Sep 2, 2025

HR 5099: SAFES Act

The SAFES Act creates a federal tax credit allowing individuals to deduct 90% of the cost of purchasing new gun safes, with a yearly limit of $500 ($1,000 for joint returns). It requires the Health and Human Services Secretary to publish a report within 5 years identifying gun safe types proven effective at preventing unauthorized access, which will determine eligibility for the credit after 2030. The credit applies only to new safes (not used ones) and prohibits requiring taxpayers to disclose firearm ownership details to claim the benefit. This policy directly affects individual firearm owners purchasing qualifying new safes for tax savings.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates federal tax credit for gun safe purchases, providing tax relief through deductible expenses and credit limits.95% confidence

Sub-Topics Procurement Tax Credits

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in committee · United States · House Jun 5, 2025

HR 3745: American Neighborhoods Protection Act of 2025

This bill imposes an annual $10,000 tax on large residential property owners who own more than 75 single-family homes (defined as properties with up to 4 units), excluding nonprofits, construction companies, and owners of federally subsidized housing. Revenue from this tax funds a new Housing Trust Fund, which provides down payment assistance grants to homebuyers. Priority for these grants goes to families purchasing homes sold by owners subject to the tax. The tax applies to taxable years beginning after December 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes targeted tax on large property owners to fund Housing Trust Fund providing down payment assistance, directly advancing fiscal management through new revenue allocation for public housing programs.90% confidence ✓ HousingSupports HousingBill creates Housing Trust Fund with down payment grants prioritizing buyers from taxed properties, directly funding affordable housing access and advancing homeownership opportunities.90% confidence

Sub-Topics Procurement Affordable Housing Homeownership Housing Finance

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in committee · United States · Senate Sep 11, 2025

S 2790: Resilient Tire Supply and Jobs Act

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates federal tax credit (up to $30/tire) for U.S. tire retreading businesses, directly providing tax relief under Budget & Taxes policy area.95% confidence ✓ EnvironmentSupports EnvironmentPromotes tire retreading to reduce waste, conserve resources, and lower environmental impact of tire production.92% confidence ✓ TransportationSupports TransportationPromotes sustainable tire use via federal procurement rules and tax credit, aligning with sustainable transportation indicators in vehicle operations.85% confidence

Sub-Topics Procurement Tax Credits

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in committee · United States · Senate May 7, 2025

S 1653: USA CAR Act

The USA CAR Act (S 1653) creates a new tax deduction for interest paid on auto loans for vehicles assembled in the U.S. It allows taxpayers to deduct interest on loans taken out after January 1, 2025, for purchasing a "qualified automobile" (defined as a vehicle manufactured by a company with final assembly occurring within the United States). This deduction applies above-the-line, reducing adjusted gross income, and directly affects individual taxpayers buying qualifying U.S.-made vehicles. The bill does not change existing tax rules but adds this specific deduction for eligible auto loans.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for auto loan interest on U.S.-assembled vehicles, providing tax relief to individual taxpayers purchasing qualifying vehicles.90% confidence

Sub-Topics Procurement

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in committee · United States · House May 14, 2025

HR 3401: Retreaded Tire Jobs, Supply Chain Security and Sustainability Act of 2025

This bill creates a federal tax credit for businesses that purchase and use retreaded tires manufactured and sold within the United States. The credit equals 30% of qualified retreaded tire expenses, up to $30 per tire, and applies to tires placed in service after December 31, 2025, through 2028. It also requires federal agencies to select retreaded tires from the GSA schedule when available, instead of new tires, and mandates updates to federal procurement rules within one year. The policy directly affects U.S. tire retreading businesses, commercial vehicle operators, and federal procurement offices.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a federal tax credit (30% of expenses, $30/tire max) for domestic retreaded tire businesses, directly reducing tax revenue to incentivize supply chain investment and sustainability. This is a targeted tax policy affecting federal budg...95% confidence ✓ EnvironmentSupports EnvironmentBill promotes retreaded tires to reduce waste and conserve natural resources by encouraging reuse of tires instead of manufacturing new ones.75% confidence ✓ TransportationSupports TransportationPromotes sustainable transportation via tax credits for domestic retreaded tires, aligning with sustainability goals in vehicle operations and supply chain security.85% confidence

Sub-Topics Procurement Tax Credits Electric Vehicles

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in committee · United States · House Dec 4, 2025

HR 6390: Make Housing Affordable and Defend Democracy Act

This bill creates several tax credits to increase housing affordability for individuals and families. It establishes a first-time homebuyer credit of up to $25,000 (or $50,000 for first-generation homebuyers) for purchasing a principal residence, with income limits based on household size. It also creates a starter home construction credit for building homes under 1,200 square feet priced below 80% of local median home prices, and a renter tax credit for tenants paying more than 30% of their income in rent. Additionally, it provides a credit for converting non-residential buildings to affordable housing that meets specific income and rent restrictions. The bill includes provisions for inflation adjustments and reporting requirements for these tax credits.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credits for homebuyers/renters, providing relief to middle/lower income households per bill's summary.90% confidence ✓ HousingSupports HousingCreates tax credits for first-time buyers, starter homes under 80% median price, and renters paying >30% income to directly increase affordability and tenant relief.95% confidence

Sub-Topics Procurement Tax Credits Affordable Housing Homeownership Renters

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in committee · United States · House Jan 3, 2025

HR 111: To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for health insurance premiums.

HR 111 would create a new tax deduction allowing individuals to subtract health insurance premiums paid for themselves, their spouse, and dependents directly from their gross income (an "above-the-line" deduction), rather than requiring itemized deductions. This change would apply to premiums paid for insurance covering medical care as defined by tax law, and the deduction would not affect other tax deductions or credits. The bill directly affects self-employed individuals, those without employer-sponsored coverage, and others purchasing individual health insurance. It would take effect for tax years beginning after December 31, 2024, simplifying tax filing for eligible taxpayers.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for self-employed by creating an above-the-line health insurance deduction, reducing taxable income.95% confidence ✓ HealthcareSupports HealthcareEnables tax savings on health insurance premiums, increasing affordability and access to coverage for individuals and families.95% confidence

Sub-Topics Income Tax Procurement Insurance

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in committee · United States · House Mar 25, 2025

HR 2320: Mobility Means Freedom Tax Credit Act

This bill creates a 50% tax credit for individuals purchasing qualified mobility devices, such as wheelchairs, walkers, canes, braces, or prosthetics. The credit applies to costs paid after the bill's enactment, covers up to three devices per year, and prevents double benefits by reducing other deductions for the same expenses. It directly affects people who buy these devices for mobility needs, allowing them to claim the credit on their federal income tax returns. The credit is designed to offset out-of-pocket costs for essential mobility equipment.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 50% tax credit for mobility device purchases, providing direct tax relief to individuals, aligning with tax relief support indicators.95% confidence ✓ HealthcareSupports HealthcareProvides tax credit for mobility devices (wheelchairs, prosthetics), improving access to essential healthcare equipment for disabled individuals.95% confidence

Sub-Topics Income Tax Procurement Tax Credits

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in committee · United States · Senate Jan 30, 2026

S 3754: Affordable Housing and Homeownership Protection Act of 2026

S 3754 imposes a tiered tax on investors purchasing single-family homes, targeting those owning significant portfolios: 1% for medium-sized investors (16-25 homes), 3% for large investors (26-100 homes), and 5% for giant investors (over 100 homes). The tax applies to home purchases, excluding new construction unless replacing an existing home on the same site, and exempts nonprofits focused on affordable housing, government entities, and community land trusts. Revenue generated will be allocated 65% to the Housing Trust Fund and 35% to the Capital Magnet Fund to support affordable housing programs. The law takes effect for taxable years beginning after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes tiered tax on large real estate investors to fund affordable housing programs, directly generating revenue for public services through targeted taxation.90% confidence ✓ HousingSupports HousingBill taxes large home investors (1-5% tiered) to fund housing, exempts affordable housing entities, and is titled to protect housing access. Revenue allocation supports affordable housing goals.90% confidence

Sub-Topics Procurement Affordable Housing Homeownership Property Taxes

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