Taxation Bills in Congress
18 analyzed bills.
The income and payroll tax codes, credits and deductions, business and international taxation, excise taxes, and tax administration by the IRS. “Taxation” is one of the 32 policy areas Congress.gov assigns to legislation, and unlike subject terms a bill gets exactly one of them — the single best description of what it is mainly about. Every bill here has been analyzed and summarized in plain language.
18 of the Taxation bills Bill Explainer have analyzed come from the 119th Congress, 11 from the House and 7 from the Senate. They sit in the Taxation policy area. Recurring subject terms across them include Income tax deductions, Business investment and capital, Fires and Life, casualty, property insurance.
Requiring Excise for Migrant Income Transfers Act” or the “REMIT Act.
What the REMIT Act does, in plain terms, is dramatically raise and restructure a federal excise tax on money people in the United States send abroad through money transmitters and similar services. It raises the state...
Choice Arrangement
To amend the Internal Revenue Code of 1986 to provide for special rules allowing taxpayers to deduct qualified passenger vehicle loan interest paid or accrued during the taxable year on certain indebtedness, and for other purposes.
H.R. 3450, titled No Tax on Car Loan Interest, would temporarily allow individuals to deduct interest paid on certain passenger vehicle loans, treating that interest as not being nondeductible “personal interest” for ...
To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying constructive ownership rules.
What the bill does, in plain terms: It rewrites part of the international tax rules to undo a 2017 change that unexpectedly swept many foreign corporations into the “controlled foreign corporation” (CFC) regime throug...
Saving Gig Economy Taxpayers Act
What the bill does: H.R. 1882, the “Saving Gig Economy Taxpayers Act,” would roll back the American Rescue Plan Act (ARPA) change to Form 1099-K reporting by third-party settlement organizations (TPSOs) such as PayPal...
Freedom to Invest in Tomorrow’s Workforce Act
H.R. 1151, the Freedom to Invest in Tomorrow’s Workforce Act, would expand the allowable uses of 529 education savings accounts to cover a wide range of postsecondary credentialing costs beyond traditional college and...
Enhancing Energy Recovery Act
Student Empowerment Act
H.R. 939, the “Student Empowerment Act,” would expand how families can use tax-advantaged 529 education savings plans for kindergarten through 12th grade (K–12) costs. Under current federal law, 529 plan earnings are ...
Promoting Domestic Energy Production Act
H.R. 662, titled the Promoting Domestic Energy Production Act, is a targeted, technical amendment to the corporate alternative minimum tax (CAMT) rules enacted in the Inflation Reduction Act. It focuses on how certain...
Hearing Protection Act
H.R. 404, titled the “Hearing Protection Act,” would substantially change how firearm silencers (also called suppressors) are regulated in the United States by removing them from the National Firearms Act (NFA) and in...
High Rise Fire Sprinkler Incentive Act of 2025
H.R. 173, the High Rise Fire Sprinkler Incentive Act of 2025, amends the Internal Revenue Code of 1986 to provide accelerated depreciation for automatic fire sprinkler system retrofits in high-rise residential buildin...
CHOICE Act
What the CHOICE Act does, in plain terms, is take the “individual coverage HRA” (ICHRA) model that federal agencies created in 2019 and write it into the tax code with some updates, guardrails, and incentives for empl...
Fair Accounting for Condominium Construction Act
What this bill does, in plain terms, is tweak a specific part of the federal tax code that governs how builders and developers have to recognize income on multi-year construction projects. Under current law, most long...
Freedom to Invest in Tomorrow’s Workforce Act
What this bill does in plain terms: The Freedom to Invest in Tomorrow’s Workforce Act would expand what families can pay for, tax-free, from a 529 education savings account. Under current law, 529 plans mainly cover “...
Enhancing Energy Recovery Act
What this bill does, in plain terms, is rewrite the rules for the federal tax credit known as “45Q,” which pays facilities for capturing carbon dioxide (or other “qualified carbon oxides”) and either storing it underg...
Hearing Protection Act
The “Hearing Protection Act” (S. 364) would remove firearm silencers (also called suppressors) from the National Firearms Act (NFA) and treat them like ordinary firearms under the Gun Control Act (GCA). Today, silence...
Promoting Domestic Energy Production Act
What this bill does in plain terms: It changes how certain oil and gas drilling expenses are treated when the government calculates a large corporation’s “book minimum tax” base. In 2022, Congress created a 15% corpor...
Homeowners Premium Tax Reduction Act of 2025
The Homeowners Premium Tax Reduction Act of 2025 (S. 35) proposes a targeted change to the federal tax code to help offset rising homeowners insurance costs. It would amend the Internal Revenue Code to allow an “above...