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.
HR 2434, the No Tax Subsidies for Stadiums Act of 2025, prohibits the use of tax-exempt bonds to finance professional sports stadiums. The bill defines a "professional stadium bond" as any bond financing a facility used for professional sports events on at least five days annually. This directly affects professional sports teams and local governments seeking tax-exempt financing for stadium construction or renovation projects. The law would take effect for bonds issued after its enactment, ending a common practice of using tax-free bonds to fund public-subsidized sports venues.
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.
This bill prevents property owners from paying income tax on the profit they make when the government takes their land or buildings through eminent domain (such as for public projects) or when they sell due to immediate threat of taking. It creates a new tax exclusion in the Internal Revenue Code, meaning the government's payment for the property isn't counted as taxable income. Property owners can choose to waive this exclusion and pay tax on the gain if they prefer. The bill directly affects homeowners and businesses facing government acquisitions using eminent domain powers.
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.
The Working Families Housing Tax Credit Act creates a new tax credit to encourage the development of housing for working families, specifically targeting teachers, firefighters, police officers, veterans, and other hard-working Americans. It provides tax credits equal to 50% of the qualified basis for new buildings or 60% for rehabilitated buildings, with requirements that 40% or more of units be rent-restricted for households earning up to 180% of area median income. The credit period lasts 15 years, and buildings must maintain working families housing for at least 15 years after the credit period through a binding "extended working families housing commitment." The bill also authorizes $100 million in grants and loans for infrastructure projects in rural and exurban areas supporting qualified housing developments.
HR 1705 creates a new 30% federal tax credit for agricultural businesses investing in qualifying technology projects focused on specialty crop production. The credit applies to eligible equipment, software, and systems used in precision agriculture (like GPS-guided tools for efficient input use) or controlled environment agriculture (indoor farming systems with climate control and automation). Businesses can claim this credit for property placed in service after January 1, 2025, with projects needing completion by December 31, 2035. The bill specifically targets innovations that improve efficiency in growing, processing, or packaging specialty crops as defined in existing law.
The Apprenticeship Infrastructure Tax Credit Act of 2025 creates a tax credit for employers hiring apprentices in infrastructure-related occupations, offering $3,000 per apprentice annually (or $6,000 for veterans, National Guard/reserve members, or military spouses). The credit applies for two consecutive tax years for apprentices enrolled in registered programs meeting federal standards, with a total cap of $5 billion. It specifies infrastructure occupations including construction, installation/maintenance, production, and IT roles, requiring employers to verify apprentices are new hires reported via W-2, not 1099 contractors. The Department of Labor will issue eligibility certificates to employers based on program data, and credits will be tracked and reported annually to ensure the $5 billion cap is not exceeded.
S 1310, the No Tax Breaks for Union Busting (NTBUB) Act, denies tax deductions for employer spending aimed at influencing workers' decisions about union organizing or collective bargaining. It amends the tax code to block deductions for expenses like anti-union consultant fees, captive audience meetings, and other tactics that interfere with labor rights under the National Labor Relations Act. Employers must report such spending on tax returns with specific details, including dates, amounts, and whether activities relate to unfair labor practice charges. This directly affects businesses that engage in anti-union organizing tactics, removing a tax incentive for these activities while preserving deductions for standard union negotiations.
HR 1873, the Broadband Grant Tax Treatment Act, excludes certain federal broadband grants from taxable income for recipients. It directly affects entities (like internet providers or local governments) receiving qualifying grants under specific programs, including the Broadband Equity, Access, and Deployment Program and State Digital Equity Capacity Grants established by the Infrastructure Investment and Jobs Act. The bill prevents double tax benefits by disallowing deductions for expenses covered by these excluded grants and reduces the adjusted basis of related property. This change applies to grants received in taxable years ending after March 11, 2023.
