Summary:
Tax Extenders Act of 2013 - Title I: Individual Tax Extenders - Amends the Internal Revenue Code to extend through 2014:

 the tax credit for purchasing health care insurance; the tax deduction for expenses of elementary and secondary school teachers; the exclusion from gross income of imputed income from the discharge of indebtedness for a principal residence; the equalization of the exclusion from gross income for employer-provided commuter transit and parking benefits; the tax deduction for mortgage insurance premiums; the tax deduction for state and local general sales taxes in lieu of state and local income taxes; the tax deduction for contributions of capital gain real property made for conservation purposes; the deduction from gross income for qualified tuition and related expenses; and tax-free distributions from individual retirement accounts (IRAs) for charitable purposes. Extends through 2014 provisions allowing continuation of health care benefits for eligible trade adjustment assistance (TAA) and Pension Benefit Guaranty Corporation (PBGC) beneficiaries.

Title II: Business Tax Extenders - Extends through 2014:

 the tax credit for increasing research expenditures; the low-income housing tax credit rate for newly constructed non-federally subsidized buildings; the Indian employment tax credit; the new markets tax credit; the tax credit for qualified railroad track maintenance expenditures; the tax credit for mine rescue team training expenses; the tax credit for differential wage payments to employees who are active duty members of the Uniformed Services; the work opportunity tax credit; the authority for issuing qualified zone academy bonds; the classification of race horses as three-year property for depreciation purposes; accelerated depreciation of qualified leasehold, restaurant, and retail property, of motorsports entertainment complexes, and of business property on Indian reservations; additional (bonus) depreciation of business assets and the election to accelerate the alternative minimum tax (AMT) credit in lieu of bonus depreciation; the tax deduction for contributions of food inventory by taxpayers other than C corporations; increased expensing allowance for business property, including computer software, and depreciation of qualified real property; the election to expense advanced mine safety equipment expenditures; the enhanced expensing allowance for certain film and television production costs; the tax deduction for income attributable to domestic production activities in Puerto Rico; tax rules relating to payments between related foreign corporations and regulated investment companies; the subpart F income exemption for income derived in the active conduct of a banking, financing, or insurance business; the 100% exclusion from gross income of gain from the sale of small business stock; the basis adjustment rule for stock of an S corporation making charitable contributions of property; the reduction of the recognition period for the built-in gains of S corporations; tax incentives for investment in empowerment zones; the increased level of distilled spirit excise tax payments into the treasuries of Puerto Rico and the Virgin Islands; and the tax credit for American Samoa economic development expenditures. Amends the Housing Assistance Tax Act of 2008 to extend through 2014 the exemption of the basic military housing allowance from the income test for programs financed by tax-exempt housing bonds.

Title III: Energy Tax Extenders - Extends through 2014:

 the tax credit for residential energy efficiency improvements; the tax credit for alternative fuel vehicle refueling property expenditures; the tax credit for two- or three-wheeled plug-in electric vehicles; the tax credit for second generation biofuel production; the income and excise tax credits for biodiesel and renewable diesel fuel mixtures; the tax credit for producing electricity using Indian coal facilities; the tax credit for producing electricity using wind, biomass, geothermal, landfill gas, trash, hydropower, and marine and hydrokinetic renewable energy facilities; the tax credit for energy efficient new homes; the tax credit for energy efficient appliances; the special depreciation allowance for second generation biofuel plant property; the placed-in-service deadline for refinery property for which expensing of assets is allowed; the tax deduction for energy efficient commercial buildings; tax deferral rules for sales or dispositions of qualified electric utilities; and the excise tax credit for alternative fuels and fuels involving liquefied hydrogen.

tax extenders act title individual tax extenders amends internal revenue code extend tax credit purchasing health care insurance tax deduction expenses elementary secondary school teachers exclusion gross income imputed income discharge indebtedness principal residence equalization exclusion gross income employer provided commuter transit parking benefits tax deduction mortgage insurance premiums tax deduction state local general sales taxes lieu state local income taxes tax deduction contributions capital gain real property conservation purposes deduction gross income qualified tuition related expenses tax free distributions individual retirement accounts iras charitable purposes extends provisions allowing continuation health care benefits eligible trade adjustment assistance taa pension_benefit_guaranty_corporation pbgc beneficiaries title business tax extenders extends tax credit increasing research expenditures low income housing tax credit rate newly constructed non federally subsidized buildings indian employment tax credit new markets tax credit tax credit qualified railroad track maintenance expenditures tax credit rescue team training expenses tax credit differential wage payments employees active duty members uniformed_services work opportunity tax credit authority issuing qualified zone academy bonds classification race horses year property depreciation purposes accelerated depreciation qualified leasehold restaurant retail property motorsports entertainment complexes business property indian reservations additional bonus depreciation business assets election accelerate alternative minimum tax amt credit lieu bonus depreciation tax deduction contributions food inventory taxpayers corporations increased expensing allowance business property including computer software depreciation qualified real property election expense advanced safety equipment expenditures enhanced expensing allowance certain film television production costs tax deduction income attributable domestic production activities puerto_rico tax rules relating payments related foreign corporations regulated investment companies subpart income exemption income derived active conduct banking financing insurance business exclusion gross income gain sale small business stock basis adjustment rule stock corporation making charitable contributions property reduction recognition period built gains corporations tax incentives investment empowerment zones increased level distilled spirit excise tax payments treasuries puerto_rico virgin_islands tax credit american_samoa economic development expenditures amends housing assistance tax act extend exemption basic military housing allowance income test programs financed tax exempt housing bonds title iii energy tax extenders extends tax credit residential energy efficiency improvements tax credit alternative fuel vehicle refueling property expenditures tax credit two- wheeled plug electric vehicles tax credit second generation biofuel production income excise tax credits biodiesel renewable diesel fuel mixtures tax credit producing electricity indian coal facilities tax credit producing electricity wind biomass geothermal landfill gas trash hydropower marine hydrokinetic renewable energy facilities tax credit energy efficient new homes tax credit energy efficient appliances special depreciation allowance second generation biofuel plant property placed service deadline refinery property expensing assets allowed tax deduction energy efficient commercial buildings tax deferral rules sales dispositions qualified electric utilities excise tax credit alternative fuels fuels involving liquefied hydrogen


Summary: Manufacturing Communities Investment Act - Amends the Internal Revenue Code, with respect to the new markets tax credit, to: (1) increase to $5 billion and extend through 2016 the national limitation amount for such credit, and (2) allow an additional $1 billion allocation of such credit in 2014, 2015, and 2016, for a qualified community development entity only if a significant mission of such entity is providing investments and services to manufacturing businesses in communities that have suffered major manufacturing job losses or a major job loss event.

manufacturing communities investment act amends internal revenue code respect new markets tax credit increase billion extend national limitation credit allow additional billion allocation credit qualified community development entity significant mission entity providing investments services manufacturing businesses communities suffered major manufacturing job losses major job loss event


Summary: Makes permanent the Payment in Lieu of Taxes (PILT) Program (under which counties or other eligible units of local government in which U.S.-owned entitlement land is located are entitled to certain payments under such program which may be used for any governmental purpose).

makes permanent pilt program counties eligible units local government entitlement land located entitled certain payments program governmental purpose


Summary: 21st Century Worker Tax Cut Act - Amends the Internal Revenue Code to: (1) allow married taxpayers with at least one qualifying child under the age of 12 an income-based tax deduction equal to 20% of the lesser of $60,000 or the earned income of the spouse with the lower amount of earned income; (2) increase the amount of the earned income tax credit for taxpayers with no qualifying children; (3) increase the penalty for tax return preparers who fail to comply with due diligence requirements for determining eligibility for the earned income tax credit; (4) extend the limitation on the tax deduction for employee remuneration to current or former officers, directors, or employees of a publicly-held corporation; and (5) include in subpart F income (income of controlled foreign corporations the tax on which may not be deferred) low-taxed cross-border income (gross income of a controlled foreign corporation except income that was derived in the home country of such corporation or was subject to an effective rate of income tax imposed by a foreign country in excess of 15%).

21st century worker tax cut act amends internal revenue code allow married taxpayers qualifying child age income based tax deduction equal lesser earned income spouse lower earned income increase earned income tax credit taxpayers qualifying children increase penalty tax return preparers fail comply diligence requirements determining eligibility earned income tax credit extend limitation tax deduction employee remuneration current officers directors employees publicly held corporation include subpart income income controlled foreign corporations tax deferred low taxed cross border income gross income controlled foreign corporation income derived home country corporation subject effective rate income tax imposed foreign country excess


Summary: Distillery Excise Tax Reform Act of 2014 - Amends the Internal Revenue Code to reduce the rate of the excise tax on distilled spirits to $2.70 per proof gallon (currently, $13.50 per proof gallon) on the first 100,000 gallons produced by a distilled spirits producer during the calendar year.

distillery excise tax reform act amends internal revenue code reduce rate excise tax distilled spirits proof gallon currently proof gallon gallons produced distilled spirits producer calendar year


Summary:
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Expiring Provisions Improvement, Reform, and Efficiency Act of 2014 or the EXPIRE Act of 2014 - Amends the Internal Revenue Code to extend through 2015 expiring tax provisions pertaining to individual and business taxpayers and the energy sector.

Expresses the sense of the Senate that: (1) a process of comprehensive tax reform should commence in the 114th Congress and should conclude before January 1, 2016; (2) Congress should endeavor to eliminate temporary provisions in the tax code by making permanent those provisions that merit permanency and allowing others to expire; (3) a major focus of tax reform should be fostering economic growth and lowering tax rates by broadening the tax base; and (4) the chairmen and ranking members of the Senate Budget and Finance Committees should consult with one another to ensure that the appropriate baseline is used in determining the economic effects of, and rate adjustments under, tax reform.

Title I: Provisions Expiring in 2013 - Subtitle A: Individual Tax Extenders - Extends through 2015:

 the tax credit for purchasing health insurance; the tax deduction of expenses of elementary and secondary school teachers; the tax exclusion of imputed income from the discharge of indebtedness for a principal residence; the equalization of the tax exclusion for employer-provided commuter transit and parking benefits; the tax deduction of mortgage insurance premiums; the tax deduction of state and local general sales taxes in lieu of state and local income taxes; the tax deduction of contributions of capital gain real property for conservation purposes; the tax deduction of qualified tuition and related expenses; and the tax exemption of distributions from individual retirement accounts (IRAs) for charitable purposes. (Sec. 104) Includes the use of a bike sharing program as a qualified transportation fringe for purposes of the tax exclusion of employer-provided transit benefits.

Subtitle B: Business Tax Extenders: Extends through 2015:

 the tax credit for increasing research expenditures; the low-income housing tax credit rate for newly constructed non-federally subsidized buildings; the Indian employment tax credit; the new markets tax credit; the tax credit for qualified railroad track maintenance expenditures; the tax credit for mine rescue team training expenses; the tax credit for differential wage payments to employees who are active duty members of the Uniformed Services; the work opportunity tax credit; authority for issuance of qualified zone academy bonds; the classification of race horses as three-year property for depreciation purposes; accelerated depreciation of qualified leasehold improvement, restaurant, and retail improvement property, of motorsports entertainment complexes, and of business property on Indian reservations; accelerated depreciation of business property (bonus depreciation); the tax deduction for charitable contributions of food inventory made by taxpayers other than C corporations; the increased expensing allowance for business assets, computer software, and qualified real property (i.e., leasehold improvement, restaurant property, and retail improvement property); the election to expense advanced mine safety equipment expenditures; the expensing allowance for film and television production costs and costs of live theatrical productions; the tax deduction for income attributable to domestic production activities in Puerto Rico; tax rules relating to payments between related foreign corporations and dividends of regulated investment companies; the subpart F income exemption for income derived in the active conduct of a banking, financing, or insurance business; the tax rule exempting dividends, interest, rents, and royalties received or accrued from certain controlled foreign corporations by a related entity from treatment as foreign holding company income; the 100% exclusion from gross income of gain from the sale of small business stock; the basis adjustment rule for stock of an S corporation making charitable contributions of property; the reduction of the recognition period for the built-in gains of S corporations; tax incentives for investment in empowerment zones; the increased level of distilled spirit excise tax payments into the treasuries of Puerto Rico and the Virgin Islands; and the tax credit for American Samoa economic development expenditures. Amends the Housing Assistance Tax Act of 2008 to extend through 2015 the exemption of the basic military housing allowance from the income test for programs financed by tax-exempt housing bonds.

(Sec. 111) Allows a qualified small business (i.e., a corporation or partnership with gross receipts less than $5 million in a taxable year) to elect a credit against payroll tax liability, up to $250,000, in lieu of taking a research tax credit.

(Sec. 112) Allows a temporary minimum low-income housing tax credit rate of not less than 4% for nonfederally subsidized existing buildings.

(Sec. 115) Extends through 2020 (currently, 2018) the carryover period of unused limitation amounts for the new markets tax credit. Allocates additional amounts of the new markets tax credit for areas that have suffered major manufacturing job losses or a job loss event.

(Sec. 118) Extends the tax credit for differential wage payments to employees who are active duty members of the Uniformed Services to all employers (currently, limited to certain small employers). Allows a credit for the full amount of such wage payments (currently, limited to 20%).

(Sec. 119) Allows a work opportunity tax credit for the hiring of a qualified long-term unemployment recipient (i.e., individual who is certified as being in a period of unemployment which is not less than 27 consecutive weeks).

(Sec. 120) Reduces from 10% to 5% the required rate of private business contributions to local education agencies for purposes of qualified zone academy tax-exempt bonds.

(Sec. 127) Allows an inflation adjustment in taxable years beginning after 2013 to the amounts allowed for the expensing of business assets, computer software, and qualified real property.

Subtitle C: Energy Tax Extenders - Extends through 2015:

 the tax credit for residential energy efficiency improvements; the tax credit for 2- or 3-wheeled plug-in electric vehicles; thee tax credit for second generation biofuel production; the income and excise tax credits for biodiesel and renewable diesel fuel mixtures; the tax credit for producing electricity using Indian coal facilities; the tax credit for producing electricity using wind, biomass, geothermal, landfill gas, trash, hydropower, and marine and hydrokinetic renewable energy facilities; the tax credit for energy efficient new homes; the special depreciation allowance for second generation biofuel plant property; the tax deduction for energy efficient commercial buildings; tax deferral rules for sales or dispositions of qualified electric utilities; and the excise tax credit for alternative fuels and fuels involving liquefied hydrogen. (Sec. 151) Modifies or establishes new energy efficiency standards relating to the tax credit for nonbusiness energy property for windows, doors, skylights, roofing, and biomass stoves. Establishes separate standards for tankless and storage water heaters and oil hot water boilers.

Title II: Provisions Expiring in 2014 - Subtitle A: Energy Tax Extenders - Extends through 2015 the tax credits for new qualified fuel cell motor vehicles and for alternative fuel vehicle refueling property expenditures.

Subtitle B: Extenders Relating to Multiemployer Defined Benefit Pension Plans - Extends through 2015 the automatic extensions of amortization periods for multiemployer defined benefit pension plans and for multiemployer funding rules under the Pension Protection Act of 2006.

Title III: Revenue Provisions - Imposes a $500 penalty on a tax return preparer for each failure to comply with due diligence requirements for determining the eligibility of a taxpayer for the child tax credit.

Imposes a 100% continuous levy on payments due to Medicare providers and suppliers with delinquent tax debts.

Excludes from gross income payments made to noncorporate taxpayers under the Clean Coal Power Initiative.

Directs the Secretary to: (1) enter into qualified tax collection contracts to collect outstanding inactive tax receivables, and (2) establish a program to hire, train, and employ special compliance personnel to collect taxes using the automated collection system.

Amends the Internal Revenue Code to: (1) exclude dividends received by a U.S. shareholder from a controlled foreign corporation from the definition of "personal holding company income" for purposes of personal holding company taxation, and (2) provide for inflation adjustments to amounts of civil penalties for failure to file tax returns and informational statements.

Title IV: Budgetary Effects - Prohibits the budgetary effects of this Act from being entered on a PAYGO scorecard maintained pursuant to the Statutory Pay-As-You-Go Act of 2010.

measure amended introduced summary expanded action occurred measure expiring provisions improvement reform efficiency act expire act amends internal revenue code extend expiring tax provisions pertaining individual business taxpayers energy sector expresses sense senate process comprehensive tax reform commence conclude january congress endeavor eliminate temporary provisions tax code making permanent provisions merit permanency allowing expire major focus tax reform fostering economic growth lowering tax rates broadening tax base chairmen ranking members finance committees consult ensure appropriate baseline determining economic effects rate adjustments tax reform title provisions expiring subtitle individual tax extenders extends tax credit purchasing health insurance tax deduction expenses elementary secondary school teachers tax exclusion imputed income discharge indebtedness principal residence equalization tax exclusion employer provided commuter transit parking benefits tax deduction mortgage insurance premiums tax deduction state local general sales taxes lieu state local income taxes tax deduction contributions capital gain real property conservation purposes tax deduction qualified tuition related expenses tax exemption distributions individual retirement accounts iras charitable purposes sec includes use sharing program qualified transportation fringe purposes tax exclusion employer provided transit benefits subtitle business tax extenders extends tax credit increasing research expenditures low income housing tax credit rate newly constructed non federally subsidized buildings indian employment tax credit new markets tax credit tax credit qualified railroad track maintenance expenditures tax credit rescue team training expenses tax credit differential wage payments employees active duty members uniformed_services work opportunity tax credit authority issuance qualified zone academy bonds classification race horses year property depreciation purposes accelerated depreciation qualified leasehold improvement restaurant retail improvement property motorsports entertainment complexes business property indian reservations accelerated depreciation business property bonus depreciation tax deduction charitable contributions food inventory taxpayers corporations increased expensing allowance business assets computer software qualified real property leasehold improvement restaurant property retail improvement property election expense advanced safety equipment expenditures expensing allowance film television production costs costs live theatrical productions tax deduction income attributable domestic production activities puerto_rico tax rules relating payments related foreign corporations dividends regulated investment companies subpart income exemption income derived active conduct banking financing insurance business tax rule exempting dividends interest rents royalties received accrued certain controlled foreign corporations related entity treatment foreign holding company income exclusion gross income gain sale small business stock basis adjustment rule stock corporation making charitable contributions property reduction recognition period built gains corporations tax incentives investment empowerment zones increased level distilled spirit excise tax payments treasuries puerto_rico virgin_islands tax credit american_samoa economic development expenditures amends housing assistance tax act extend exemption basic military housing allowance income test programs financed tax exempt housing bonds sec allows qualified small business corporation partnership gross receipts million taxable year elect credit payroll tax liability lieu taking research tax credit sec allows temporary minimum low income housing tax credit rate subsidized existing buildings sec extends currently carryover period unused limitation amounts new markets tax credit allocates additional amounts new markets tax credit areas suffered major manufacturing job losses job loss event sec extends tax credit differential wage payments employees active duty members uniformed_services employers currently limited certain small employers allows credit wage payments currently limited sec allows work opportunity tax credit hiring qualified long term unemployment recipient individual certified period unemployment consecutive weeks sec reduces required rate private business contributions local education agencies purposes qualified zone academy tax exempt bonds sec allows inflation adjustment taxable years beginning amounts allowed expensing business assets computer software qualified real property subtitle energy tax extenders extends tax credit residential energy efficiency improvements tax credit wheeled plug electric vehicles tax credit second generation biofuel production income excise tax credits biodiesel renewable diesel fuel mixtures tax credit producing electricity indian coal facilities tax credit producing electricity wind biomass geothermal landfill gas trash hydropower marine hydrokinetic renewable energy facilities tax credit energy efficient new homes special depreciation allowance second generation biofuel plant property tax deduction energy efficient commercial buildings tax deferral rules sales dispositions qualified electric utilities excise tax credit alternative fuels fuels involving liquefied hydrogen sec modifies establishes new energy efficiency standards relating tax credit nonbusiness energy property windows doors biomass stoves establishes separate standards storage water heaters oil hot water boilers title provisions expiring subtitle energy tax extenders extends tax credits new qualified fuel cell motor vehicles alternative fuel vehicle refueling property expenditures subtitle extenders relating multiemployer defined benefit pension plans extends automatic extensions amortization periods multiemployer defined benefit pension plans multiemployer funding rules pension protection act title iii revenue provisions imposes penalty tax return preparer failure comply diligence requirements determining eligibility taxpayer child tax credit imposes continuous levy payments medicare providers suppliers delinquent tax debts excludes gross income payments noncorporate taxpayers clean coal power initiative directs secretary enter qualified tax collection contracts collect outstanding inactive tax receivables establish program hire train employ special compliance personnel collect taxes automated collection system amends internal revenue code exclude dividends received shareholder controlled foreign corporation definition personal holding company income purposes personal holding company taxation provide inflation adjustments amounts civil penalties failure file tax returns informational statements title budgetary effects prohibits budgetary effects act entered paygo scorecard maintained pursuant statutory pay act


Summary:
Energy Freedom and Economic Prosperity Act of 2014 - Amends the Internal Revenue Code to repeal tax credits for: (1) alcohol fuel, biodiesel, and alternative fuel mixtures; (2) alternative motor vehicles; (3) new qualified plug-in electric drive motor vehicles; (4) alcohol used as fuel; (5) enhanced oil recovery; (6) producing oil and gas from marginal wells; (7) producing electricity from advanced nuclear power facilities; (8) carbon dioxide sequestration; (9) investment in energy property; and (10) investment in qualifying advanced coal projects, qualifying gasification projects, and qualifying advanced energy projects.

Directs the Secretary of the Treasury to revise the income tax rates for corporations based upon the overall revenue savings from the repeal of the energy tax expenditures by this Act and ensure that each revised rate is reduced by a uniform percentage.

energy freedom economic prosperity act amends internal revenue code repeal tax credits alcohol fuel biodiesel alternative fuel mixtures alternative motor vehicles new qualified plug electric drive motor vehicles alcohol fuel enhanced oil recovery producing oil gas marginal wells producing electricity advanced nuclear power facilities carbon dioxide sequestration investment energy property investment qualifying advanced coal projects qualifying gasification projects qualifying advanced energy projects directs secretary treasury revise income tax rates corporations based overall revenue savings repeal energy tax expenditures act ensure revised rate reduced uniform percentage


Summary: Angel Tax Credit Act - Amends the Internal Revenue Code to allow a new business-related tax credit for 25% of equity investments of $25,000 or more in a domestic corporation or partnership that: (1) has its headquarters in the United States, (2) has gross revenues for the taxable year of less than $1 million, (3) employs fewer than 25 full-time employees, (4) has been in existence for less than 7 years as of the date of the investment, (5) has more than 50% of its employees performing substantially all of their services in the United States, and (6) is engaged in a high technology trade or business. Limits the allowable amount of such credit to $250,000 in any taxable year and imposes an overall limitation on such credit of $500 million for each of calendar years 2013 through 2017.

allow new business related tax credit equity investments domestic corporation partnership headquarters united_states gross revenues taxable year million employs fewer time employees existence years date investment employees performing substantially services united_states engaged high technology trade business limits allowable credit taxable year imposes overall limitation credit million calendar years


Summary: Amends the Internal Revenue Code, with respect to the exclusion of payments made from an accident or health plan funded by a state entity from gross income for income tax purposes, to: (1) include payments made to an employee or to a spouse, dependent, or child of an employee; and (2) extend reimbursement of health care expenses under such a plan to any beneficiary of a deceased plan participant other than a surviving spouse, dependent, or child.

amends internal revenue code respect exclusion payments accident health plan funded state entity gross income income tax purposes include payments employee spouse dependent child employee extend reimbursement health care expenses plan beneficiary deceased plan participant surviving spouse dependent child


Summary: Amends the Internet Tax Freedom Act to extend until December 31, 2014: (1) the ban on state and local taxation of Internet access and on multiple or discriminatory taxes on electronic commerce, and (2) the grandfather provisions allowing states that imposed and enforced laws imposing a tax on internet access prior to October 1, 1998, to continue enforcing such laws.

amends internet tax freedom act extend december ban state local taxation internet access multiple discriminatory taxes electronic commerce grandfather provisions allowing states imposed enforced laws imposing tax internet access prior october continue enforcing laws


Summary:
Responsible Estate Tax Act - Amends the Internal Revenue Code, with respect to estate, gift, and generation-skipping transfer taxes, to: (1) revise estate tax rates to impose an increased tax for estates over $3.5 million and a maximum tax rate of 55% for estates over $50 million; (2) impose a 10% surtax on estates over $500 million; (3) reduce the basic estate tax exclusion amount from $5 million to $3.5 million; (4) increase to $3 million the reduction in valuations of farmland for estate tax purposes and adjust such increased amount for inflation after 2014; and (5) increase to $2 million the maximum estate tax exclusion for contributions of conservation easements.

Requires that the value of the basis in any property acquired from a decedent or by gift be consistent with the basis as determined for estate and gift tax purposes. Requires executors of estates and donors of gifts required to file a gift tax return to disclose to the Secretary of the Treasury, and to recipients of any interest in an estate or a gift, information identifying the value of each interest received.

Sets forth estate valuation rules for certain transfers of nonbusiness assets and limits estate tax discounts for certain individuals with minority interests in a business acquired from a decedent.

Expands rules for valuing assets in grantor retained annuity trusts to require that: (1) the right to receive fixed amounts from an annuity last for a term of not less than 10 years and that such fixed amounts not decrease during the first 10 years of the annuity term, and (2) the remainder interest have a value greater than 10% when transferred.

Sets forth rules for the application of transfer taxes to a grantor trust (a trust in which the grantor retains control over the trust assets and has the right to receive income from the trust).

responsible estate tax act amends internal revenue code respect estate gift generation skipping transfer taxes revise estate tax rates impose increased tax estates million maximum tax rate estates million impose surtax estates million reduce basic estate tax exclusion million million increase million reduction valuations farmland estate tax purposes adjust increased inflation increase million maximum estate tax exclusion contributions conservation easements requires value basis property acquired decedent gift consistent basis determined estate gift tax purposes requires executors estates donors gifts required file gift tax return disclose secretary treasury recipients interest estate gift information identifying value interest received sets forth estate valuation rules certain transfers nonbusiness assets limits estate tax discounts certain individuals minority interests business acquired decedent expands rules valuing assets grantor retained annuity trusts require right receive fixed amounts annuity term years fixed amounts decrease years annuity term remainder interest value greater transferred sets forth rules application transfer taxes grantor trust trust grantor retains control trust assets right receive income trust


Summary:
Progressive Consumption Tax Act of 2014 - Amends the Internal Revenue Code to impose a consumption tax of 10% of the taxable amount of domestic goods and services. Exempts from such tax certain goods and services exported or used outside the United States.

Lowers individual and corporate income tax rates. Repeals specified income tax credits and deductions, except for the deductions for mortgage interest, charitable contributions, state and local income taxes, gambling losses, alimony payments, and investment interest.

Provides for a family allowance of up to $100,000 for married individuals filing a joint tax return.

Allows a rebate for U.S. taxpayers consisting of an earned income amount and a child benefit amount.

Provides for a refund of excess consumption tax revenue (net consumption tax revenues that exceed 10% of gross domestic product in a calendar year) to individual taxpayers.

amends internal revenue code impose consumption tax taxable domestic goods services exempts tax certain goods services exported outside united_states lowers individual corporate income tax rates repeals specified income tax credits deductions deductions mortgage interest charitable contributions state local income taxes gambling losses payments investment interest provides family allowance married individuals filing joint tax return allows rebate taxpayers consisting earned income child benefit provides refund excess consumption tax revenue net consumption tax revenues exceed gross domestic product calendar year individual taxpayers


Summary:
FairTax Act of 2015

This bill is a tax reform proposal that imposes a national sales tax on the use or consumption in the United States of taxable property or services in lieu of the current income and corporate income tax, employment and self-employment taxes, and estate and gift taxes. The rate of the sales tax will be 23% in 2017, with adjustments to the rate in subsequent years. There are exemptions from the tax for used and intangible property, for property or services purchased for business, export, or investment purposes, and for state government functions.

Under the bill, family members who are lawful U.S. residents receive a monthly sales tax rebate (Family Consumption Allowance) based upon criteria related to family size and poverty guidelines.

The states have the responsibility for administering, collecting, and remitting the sales tax to the Treasury.

Tax revenues are to be allocated among: (1) the general revenue, (2) the old-age and survivors insurance trust fund, (3) the disability insurance trust fund, (4) the hospital insurance trust fund, and (5) the federal supplementary medical insurance trust fund.

No funding is allowed for the operations of the Internal Revenue Service after FY2019.

Finally, the bill terminates the national sales tax if the Sixteenth Amendment to the Constitution (authorizing an income tax) is not repealed within seven years after the enactment of this Act.

act bill tax reform proposal imposes national sales tax use consumption united_states taxable property services lieu current income corporate income tax employment self employment taxes estate gift taxes rate sales tax adjustments rate subsequent years exemptions tax intangible property property services purchased business export investment purposes state government functions bill family members lawful residents receive monthly sales tax rebate based criteria related family size poverty guidelines states responsibility administering collecting remitting sales tax treasury tax revenues allocated general revenue old age survivors insurance trust fund disability insurance trust fund hospital insurance trust fund federal supplementary medical insurance trust fund funding allowed operations internal_revenue_service fy2019 finally bill terminates national sales tax sixteenth amendment constitution authorizing income tax repealed seven years enactment act


Summary: This bill amends the Internal Revenue Code to require: (1) the reinstatement of the tax-exempt status of a tax-exempt subsidiary organization with fewer than 50 members whose tax-exempt status was revoked due to failure to file required tax returns or notices, and (2) a waiver of any user fee charged in connection with a reinstatement application. As a condition for reinstatement, the organization must file any required returns or notices.

bill amends internal_revenue_code require reinstatement tax exempt status tax exempt subsidiary organization fewer members tax exempt status revoked failure file required tax returns notices waiver user fee charged connection reinstatement application condition reinstatement organization file required returns notices


Summary:
Alternative Maximum Tax Act or the Max Tax Act

Amends the Internal Revenue Code to provide for an alternative maximum tax for a taxpayer other than a corporate taxpayer. Limits the tax to 50% of the taxpayer's adjusted gross income, calculated by adding all federal, state, and local taxes paid by the taxpayer during the taxable year and dividing that amount by the taxpayer's adjusted gross income.

alternative maximum tax act max tax act amends internal revenue code provide alternative maximum tax taxpayer corporate taxpayer limits tax taxpayer adjusted gross income calculated adding federal state local taxes paid taxpayer taxable year dividing taxpayer adjusted gross income


Summary:
Death Tax Repeal Act

Repeals the federal estate, gift, and generation-skipping transfer taxes.

death tax repeal act repeals federal estate gift generation skipping transfer taxes


Summary:
Farmers Against Crippling Taxes Act

Repeals the federal estate, gift, and generation-skipping transfer taxes.

farmers taxes act repeals federal estate gift generation skipping transfer taxes


Summary:
Small Brewer Reinvestment and Expanding Workforce Act or the Small BREW Act

Amends the Internal Revenue Code to reduce the rate of the excise tax on beer produced within or imported into the United States for brewers who produce not more than 6 million barrels of beer a year.

expanding workforce act small act amends internal revenue code reduce rate excise tax beer produced imported united_states brewers produce million barrels beer year


Summary:
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Permanent Internet Tax Freedom Act

Amends the Internet Tax Freedom Act to make permanent the ban on state and local taxation of Internet access and on multiple or discriminatory taxes on electronic commerce.

measure amended introduced summary version repeated permanent internet tax freedom act amends internet tax freedom act permanent ban state local taxation internet access multiple discriminatory taxes electronic commerce


Summary:
Support Our Startups Act of 2015

This bill allows the increased tax deduction amount for business start-up expenses (defined as expenses for investigating the creation or acquisition of an active trade or business) for taxable years beginning in 2015 or 2016.

support startups act bill allows increased tax deduction business start expenses defined expenses investigating creation acquisition active trade business taxable years beginning


Summary:
Next Generation American Manufacturing Act of 2015

Amends the Internal Revenue Code to allow a tax credit for the purchase (during a specified period of between 5 and 10 years based on the incentive needed with respect to each product) of new products certified as assembled in the United States and consisting of at least 60% of components assembled or otherwise arising in the United States.

Establishes the 21st Century American Manufacturing Commission to conduct research to designate products eligible for such tax credit.

Allows certain start-up companies that are headquartered in the United States a tax credit for up to 25% of their costs for the construction of a manufacturing facility and for the purchase of specialized equipment for use at such facility. Defines a "start-up company" as any corporation or partnership that: (1) first has both gross receipts and qualified research expenses in a taxable year beginning after December 31, 2012; or (2) has both gross receipts and qualified research expenses in fewer than three taxable years beginning after December 31, 2012, and before January 1, 2018.

generation american manufacturing act amends internal revenue code allow tax credit purchase specified period years based incentive needed respect product new products certified assembled united_states consisting components assembled arising united_states establishes 21st century conduct research designate products eligible tax credit allows certain start companies headquartered united_states tax credit costs construction manufacturing facility purchase specialized equipment use facility defines start company corporation partnership gross receipts qualified research expenses taxable year beginning december gross receipts qualified research expenses fewer taxable years beginning december january


Summary:
Paying a Fair Share Act of 2015

 Amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million (high-income taxpayer) to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax). Establishes the amount of such tax as the excess (if any) of the tentative fair share tax over the excess of: (1) the sum of the taxpayer's regular tax liability, the alternative minimum tax (AMT) amount, and the payroll tax for the taxable year; over (2) certain tax credits. Provides for a phase-in of such tax. Requires an inflation adjustment to the $1 million income threshold for taxable years beginning after 2016.

Expresses the sense of the House of Representatives that Congress should enact tax reform that repeals unfair and unnecessary tax loopholes and expenditures, simplifies the tax system, and makes sure that the wealthiest taxpayers pay a fair share of taxes.

paying fair share act amends internal revenue code require individual taxpayer adjusted gross income exceeds million high income taxpayer pay minimum tax rate excess taxpayer adjusted gross income taxpayer modified charitable contribution deduction taxable year tentative fair share tax establishes tax excess tentative fair share tax excess sum taxpayer regular tax liability alternative minimum tax amt payroll tax taxable year certain tax credits provides phase tax requires inflation adjustment million income threshold taxable years beginning expresses sense house_of_representatives congress enact tax reform repeals unfair unnecessary tax loopholes expenditures simplifies tax system makes sure wealthiest taxpayers pay fair share taxes


Summary:
Fairness in Taxation Act of 2015

Amends the Internal Revenue Code to: (1) increase individual income tax rates for taxpayers whose taxable income exceeds $1 million, and (2) provide for an adjustment in the capital gains tax of taxpayers whose taxable income is subject to the 45% tax bracket.

fairness taxation act amends internal revenue code increase individual income tax rates taxpayers taxable income exceeds million provide adjustment capital gains tax taxpayers taxable income subject tax bracket


Summary:
Cider Industry Deserves Equal Regulation Act or the CIDER Act

Amends the Internal Revenue to revise the definition of "hard cider," for purposes of the excise tax on distilled spirits, wines, and beer, to mean any wine: (1) the carbonation level of which does not exceed 6.4 grams per liter; (2) which is derived primarily from apples, apple juice concentrate and water, pears, or pear juice concentrate and water; (3) which contains no fruit product or fruit flavoring other than apple or pear; and (4) which contains at least one-half of 1% and less than 8.5% alcohol by volume.

cider industry deserves equal regulation act cider act amends internal_revenue revise definition hard cider purposes excise tax distilled spirits wines beer mean wine level exceed grams derived primarily apples apple juice concentrate water pear juice concentrate water contains fruit product fruit flavoring apple pear contains half alcohol volume


Summary:
Private Foundation Excise Tax Simplification Act of 2015

(Sec. 2) Amends the Internal Revenue Code to: (1) reduce from 2% to 1% the excise tax rate on the net investment income of tax-exempt private foundations, and (2) repeal the 1% reduction in such tax rate for private foundations that meet certain distribution requirements.

(Sec. 3) Excludes the budgetary effects of this Act from PAYGO scorecards.

sec amends internal revenue code reduce excise tax rate net investment income tax exempt private foundations repeal reduction tax rate private foundations meet certain distribution requirements sec excludes budgetary effects act paygo scorecards


Summary:
Permanently Repeal the Estate Tax Act of 2015

Repeals the federal estate tax, effective for estates of decedents dying after December 31, 2014.

permanently repeal estate tax act repeals federal estate tax effective estates decedents dying december


Summary:
Restaurant and Retail Jobs and Growth Act of 2015

(Sec. 2) This bill amends the Internal Revenue Code to make permanent the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property for purposes of the tax deduction for depreciation.

restaurant sec bill amends internal_revenue_code permanent year recovery period qualified leasehold improvement property qualified restaurant property qualified retail improvement property purposes tax deduction depreciation


Summary:
Fair Brewers Excise and Economic Relief Act or the Fair BEER Act

This bill amends the Internal Revenue Code to revise the excise tax on beer brewed or produced, and removed for consumption or sale, within the United States or imported into the United States. The revised tax ranges from $0 for an amount not exceeding 7,143 barrels to $18 per barrel on an amount exceeding 2 million barrels.

excise economic relief act fair beer act bill amends internal_revenue_code revise excise tax beer produced removed consumption sale united_states imported united_states revised tax ranges exceeding barrels barrel exceeding million barrels


Summary:
Foreign Earnings Reinvestment Act

 Amends the Internal Revenue Code to: (1) extend the election allowed to a domestic corporation to deduct current and accumulated dividends received from a controlled foreign corporation to the corporation's last taxable year beginning before the enactment of this Act or the first taxable year which begins during the one-year period beginning on such enactment date, (2) reduce tax rates on foreign earnings of domestic corporations that reinvest such earnings in the United States and that expand their payrolls over 2014 levels, and (3) increase the taxable income of domestic corporations that fail to maintain employment levels in the 23-month period after receiving a reduction in tax rates under this Act.

foreign earnings amends internal revenue code extend election allowed domestic corporation deduct current accumulated dividends received controlled foreign corporation corporation taxable year beginning enactment act taxable year begins year period beginning enactment date reduce tax rates foreign earnings domestic corporations reinvest earnings united_states expand levels increase taxable income domestic corporations fail maintain employment levels month period receiving reduction tax rates act


Summary:
New Markets Tax Credit Extension Act of 2015

Amends the Internal Revenue Code to: (1) make permanent the new markets tax credit, (2) provide for an inflation adjustment to the limitation amount for such credit after 2014, and (3) allow an offset against the alternative minimum tax for such credit (determined with respect to qualified equity investments initially made after the enactment of this Act).

new_markets_tax_credit_extension_act amends internal revenue code permanent new markets tax credit provide inflation adjustment limitation credit allow offset alternative minimum tax credit determined respect qualified equity investments initially enactment act


Summary:
Aged Distilled Spirits Competitiveness Act

Amends the Internal Revenue Code to exclude from determination of the production period for distilled spirits any period allocated to the natural aging process for purposes of determining whether a taxpayer can expense, rather than capitalize, interest costs paid or incurred during the production period.

exclude determination production period distilled spirits period allocated natural aging process purposes determining taxpayer expense capitalize interest costs paid incurred production period


Summary:
Flat Tax Act

Amends the Internal Revenue Code to authorize an individual or a person engaged in business activity to make an irrevocable election to be subject to a flat tax (in lieu of the existing income tax provisions) of 19% for the first two years after an election is made, and 17% thereafter.

Calculates taxable income for individual taxpayers by subtracting a basic standard deduction and an additional standard deduction for each dependent from the total of wages, retirement distributions, and unemployment compensation. Defines "business taxable income" to mean gross active income reduced by the cost of certain business inputs.

Imposes an employer tax on the value of excludable compensation provided to employees not engaged in business activity of 19% for the first two years after an election is made under this Act and 17% thereafter.

Repeals the estate, gift, and generation-skipping transfer taxes.

Requires a two-thirds vote of the House of Representatives or the Senate to increase the flat tax rate proposed by this Act or to reduce the amount of the standard deduction or business-related deductions allowed by this Act.

flat tax act amends internal revenue code authorize individual person engaged business activity irrevocable election subject flat tax lieu existing income tax provisions years election calculates taxable income individual taxpayers subtracting basic standard deduction additional standard deduction dependent total wages retirement distributions unemployment compensation defines business taxable income mean gross active income reduced cost certain business inputs imposes employer tax value excludable compensation provided employees engaged business activity years election act repeals estate gift generation skipping transfer taxes requires thirds vote house_of_representatives senate increase flat tax rate proposed act reduce standard deduction business related deductions allowed act


Summary:
(This measure has not been amended since it was reported to the House on April 13, 2015. The summary of that version is repeated here.)

Fair Treatment for All Gifts Act

(Sec. 2) This bill amends the Internal Revenue Code to allow a deduction from the taxable amount of gifts for gifts made to specified tax-exempt organizations, including: (1) social welfare organizations; (2) labor, agricultural, and horticultural organizations; and (3) business leagues, chambers of commerce, real-estate boards, boards of trade, and professional football leagues. Declares that for purposes of the gift tax, a transfer of property to such organizations shall not be deemed to be a transfer by gift.

measure amended reported house april summary version repeated gifts act sec bill amends internal_revenue_code allow deduction taxable gifts gifts specified tax exempt organizations including social welfare organizations labor agricultural organizations business leagues chambers commerce real estate boards boards trade professional football leagues declares purposes gift tax transfer property organizations shall deemed transfer gift


Summary:
Death Tax Repeal Act of 2015

(Sec. 2) This bill amends the Internal Revenue Code to repeal the estate and generation-skipping transfer taxes for estates of decedents dying or for transfers made on or after the enactment date of this Act. In the case of assets placed in a qualified domestic trust by a decedent who dies prior to the enactment of this Act, the current estate tax will not apply to: (1) distributions from such trust before the death of a surviving spouse made more than 10 years after the enactment date of this Act, and (2) assets remaining in such trust upon the death of the surviving spouse.

(Sec. 3) This section revises gift tax rates to lower the top rate to 35% and deems a transfer in trust to be a taxable gift unless the trust is treated as wholly-owned by the donor or the donor's spouse.

 The lifetime exemption for gifts is set at $5 million with a cost-of-living adjustment for calendar years beginning after 2011. The adjusted exemption amount in 2015 is $5.43 million.

(Sec. 4) The budgetary effects of this Act are exempted from entry on either PAYGO scorecard maintained under the Statutory Pay-As-You-Go Act of 2010.

death tax repeal act sec bill amends internal_revenue_code repeal estate generation skipping transfer taxes estates decedents dying transfers enactment date act case assets placed qualified domestic trust decedent dies prior enactment act current estate tax apply distributions trust death surviving spouse years enactment date act assets remaining trust death surviving spouse sec section revises gift tax rates lower rate deems transfer trust taxable gift trust treated wholly owned donor donor spouse lifetime exemption gifts set million cost living adjustment calendar years beginning adjusted exemption million sec budgetary effects act exempted entry paygo scorecard maintained statutory pay act


Summary:
Distillery Excise Tax Reform Act of 2015

Amends the Internal Revenue Code to allow a reduction (from $13.50 to $2.70 on each proof gallon produced in the United States) in the excise tax on distilled spirits for domestic distillers who produce not more than 100,000 proof gallons of distilled spirits during the calendar year.

distillery excise tax reform act amends internal revenue code allow reduction proof gallon produced united_states excise tax distilled spirits domestic produce proof gallons distilled spirits calendar year


Summary:
Concrete Pump Tax Fairness Act of 2015

Amends the Internal Revenue Code to impose a vehicle mileage tax on owners of mobile mounted concrete boom pump vehicles. Defines "mobile mounted concrete boom pump vehicle" as a vehicle which is mobile machinery and on which the mounted machinery consists of a concrete boom pump and related subordinate parts. Directs that revenues from such tax be deposited into the Highway Trust Fund.

concrete pump tax fairness act amends internal revenue code impose vehicle mileage tax owners mobile mounted concrete boom pump vehicles defines mobile mounted concrete boom pump vehicle vehicle mobile machinery mounted machinery consists concrete boom pump related subordinate parts directs revenues tax deposited highway_trust_fund


Summary:
American Opportunity Tax Credit Act of 2015

 Amends the Internal Revenue Code to replace the Hope Scholarship and Lifetime Learning tax credits with a new American Opportunity Tax Credit that: (1) allows an income tax credit of up to $2,500 of the qualified tuition and related expenses of a student who is carrying at least one half of a normal course load, (2) increases the income threshold for reductions in the credit amount based upon modified adjusted gross income, (3) allows a lifetime dollar limitation on such credit of $15,000 for all taxable years, and (4) makes a portion of such credit refundable. Allows an exclusion from gross income of any amount received as a Federal Pell Grant.

amends internal revenue code replace hope scholarship lifetime_learning tax credits new american_opportunity_tax_credit allows income tax credit qualified tuition related expenses student carrying half normal course load increases income threshold reductions credit based modified adjusted gross income allows lifetime dollar limitation credit taxable years makes portion credit refundable allows exclusion gross income received federal pell grant


Summary:
Seniors' Tax Simplification Act of 2015

This bill directs the Internal Revenue Service to make available to taxpayers who have turned age 65 at the close of the taxable year a new federal income tax Form 1040SR (similar to the existing Form 1040EZ). Such taxpayers can use this new form even if their income includes: (1) social security benefits; (2) distributions from qualified retirement plans, annuities, or other such deferred payment arrangements; (3) interest and dividends; or (4) capital gains and losses.

seniors tax simplification act bill directs internal_revenue_service available taxpayers turned age close taxable year new federal income tax form 1040sr similar existing form 1040ez taxpayers use new form income includes social security benefits distributions qualified retirement plans annuities deferred payment arrangements interest dividends capital gains losses


Summary:
Sensible Estate Tax Act of 2015

Amends the Internal Revenue Code to: (1) establish new estate tax rates of between 41% (for estates with a value in excess of $1 million) and 55% (for estates with a value in excess of $10 million), (2) allow a $1 million estate tax exclusion, and (3) provide for an inflation adjustment to such amounts for decedents dying after 2016.

Restores the estate tax credit for any estate, inheritance, legacy, or succession taxes paid to a state (expired after 2004). Repeals the deduction currently allowed for such taxes.

Sets forth estate valuation rules for certain transfers of nonbusiness assets and limits estate tax discounts for certain individuals with minority interests in a business acquired from a decedent.

Requires that the value of the basis in any property acquired from a decedent be consistent with the basis as determined for estate tax purposes. Requires executors of estates to disclose to the Internal Revenue Service, and to recipients of any interest in an estate, information identifying the value of each interest received.

Expands rules for valuing assets in grantor retained annuity trusts to require that: (1) the right to receive fixed amounts from an annuity last for a term of not less than 10 years and that such fixed amounts not decrease during the first 10 years of the annuity term, and (2) the remainder interest have a value greater than zero when transferred.

Terminates the generation-skipping transfer exemption for certain long-term trusts (perpetual dynasty trusts) 90 years after the establishment of such trusts.

sensible estate tax act amends internal revenue code establish new estate tax rates estates value excess million estates value excess million allow million estate tax exclusion provide inflation adjustment amounts decedents dying restores estate tax credit estate inheritance legacy succession taxes paid state expired repeals deduction currently allowed taxes sets forth estate valuation rules certain transfers nonbusiness assets limits estate tax discounts certain individuals minority interests business acquired decedent requires value basis property acquired decedent consistent basis determined estate tax purposes requires executors estates disclose internal_revenue_service recipients interest estate information identifying value interest received expands rules valuing assets grantor retained annuity trusts require right receive fixed amounts annuity term years fixed amounts decrease years annuity term remainder interest value greater zero transferred terminates generation skipping transfer exemption certain long term trusts perpetual trusts years establishment trusts


Summary:
Tax Equity Act of 2015

Amends the Internal Revenue Code to provide for regional cost-of-living adjustments in individual income tax rates. Directs the Department of Labor to determine and publish a regional cost-of-living index for each metropolitan statistical area for 2014 and each calendar year thereafter.

tax equity act amends internal revenue code provide regional cost living adjustments individual income tax rates directs department_of_labor determine publish regional cost living index metropolitan statistical area calendar year


Summary:
Tax Cuts for America Act of 2015

This bill extends through 2015 the following expiring tax provisions:

 the new markets tax credit, the work opportunity tax credit, the research tax credit, the tax deduction for certain expenses of elementary and secondary school teachers, the tax credit for differential wage payments to employees who are active duty members of the Uniformed Services, the tax credit for new energy efficient homes, and the tax deduction for state and local sales taxes in lieu of state and local income taxes.

tax cuts america act bill extends following expiring tax provisions new markets tax credit work opportunity tax credit research tax credit tax deduction certain expenses elementary secondary school teachers tax credit differential wage payments employees active duty members uniformed_services tax credit new energy efficient homes tax deduction state local sales taxes lieu state local income taxes


Summary:
Simplified, Manageable, And Responsible Tax Act or the SMART Act

 Amends the Internal Revenue Code to replace the marginal income tax rates with a single rate of 17% on individual taxable income.

Redefines "taxable income" to mean the amount by which wages, retirement distributions, and unemployment compensation exceed the standard deduction. Increases the basic standard deduction and includes an additional standard deduction for dependents. Includes in taxable income the taxable income of each dependent child under the age of 14. Replaces the current tax on corporations with a tax on every person engaged in a business activity equal to 17% of the business taxable income of such person. Makes the person engaged in the business activity liable for the tax, whether or not such person is an individual, a partnership, or a corporation. Imposes a tax of 17% on the value of excludable compensation provided during the year by an employer for the benefit of employees. Makes the employer liable for the tax. Repeals pension plan rules relating to : (1) non-discrimination, (2) contribution limits, and (3) restrictions on distributions. Revises rules relating to transfers of excess pension assets. Repeals: (1) the alternative minimum tax; (2) all income tax credits; (3) estate, gift, and generation-skipping transfer taxes; and (4) income tax provisions, except certain provisions relating to retirement distributions and tax-exempt organizations. Declares it not in order in the House of Representatives or the Senate, unless waived or suspended by a three-fifths vote, to consider any legislation that increases or adds an income tax rate, reduces the standard deduction, or provides any exclusion, deduction, credit, or other benefit that reduces federal revenues.

simplified manageable responsible tax act smart act amends internal revenue code replace marginal income tax rates single rate individual taxable income redefines taxable income mean wages retirement distributions unemployment compensation exceed standard deduction increases basic standard deduction includes additional standard deduction dependents includes taxable income taxable income dependent child age replaces current tax corporations tax person engaged business activity equal business taxable income person makes person engaged business activity liable tax person individual partnership corporation imposes tax value excludable compensation provided year employer benefit employees makes employer liable tax repeals pension plan rules relating non discrimination contribution limits restrictions distributions revises rules relating transfers excess pension assets repeals alternative minimum tax income tax credits estate gift generation skipping transfer taxes income tax provisions certain provisions relating retirement distributions tax exempt organizations declares order house_of_representatives senate waived suspended fifths vote consider legislation increases adds income tax rate reduces standard deduction provides exclusion deduction credit benefit reduces federal revenues


Summary:
PTC Elimination Act

This bill amends the Internal Revenue Code to phase out and eventually eliminate the tax credit for production of electricity from renewable resources. The bill repeals the inflation adjustment for current recipients of the tax credit and modifies the "beginning of construction" requirement to require that construction of an eligible project is continuous and makes significant progress. The credit is repealed in its entirety after December 31, 2025.

The bill expresses the sense of Congress that the credit should be allowed to expire and should not be extended beyond its expiration date.

The bill also reduces the corporate income tax by an applicable percentage based on increases in revenues resulting from this bill.

ptc elimination act bill amends internal_revenue_code phase eventually eliminate tax credit production electricity renewable resources bill repeals inflation adjustment current recipients tax credit modifies beginning construction requirement require construction eligible project continuous makes significant progress credit repealed entirety december bill expresses sense congress credit allowed expire extended expiration date bill reduces corporate income tax applicable percentage based increases revenues resulting bill


Summary:
Keeping Social Security Solvent Act of 2015

 Amends the Internal Revenue Code, with respect to the taxes on employment and self-employment compensation, to repeal the limit on the amount of compensation subject to such taxes (i.e., the contribution and benefit base, currently $118,500 in 2015).

amends internal revenue code respect taxes employment self employment compensation repeal limit compensation subject taxes contribution benefit base currently


Summary: Amends the Internal Revenue Code to extend through 2015 the exclusion from gross income, for income tax purposes, of distributions from individual retirement accounts (IRAs) for charitable purposes.

amends internal revenue code extend exclusion gross income income tax purposes distributions individual retirement accounts iras charitable purposes


Summary: Amends the Internal Revenue Code to extend through 2015 the special rule allowing taxpayers other than C corporations a tax deduction for charitable contributions of food inventory.

amends internal revenue code extend special rule allowing taxpayers corporations tax deduction charitable contributions food inventory


Summary: Amends the Internal Revenue Code to extend through 2015 the classification, for depreciation purposes, of leasehold, restaurant buildings, and retail improvements as 15-year property.

amends internal revenue code extend classification depreciation purposes leasehold restaurant buildings retail improvements year property


Summary:
Support Working Parents Act of 2015

 Amends the Internal Revenue Code to repeal the phaseout of the tax credit for dependent care services for taxpayers whose adjusted gross incomes exceed $15,000.

amends internal revenue code repeal phaseout tax credit dependent care services taxpayers adjusted gross incomes exceed


Summary:
Prioritizing Reinvestment in Infrastructure and Military while Eliminating Debt Act of 2015 or the PRIMED Act

This bill amends the Internal Revenue Code to allow corporate taxpayers to elect a tax deduction for cash dividends received from a controlled foreign corporation during the period beginning after the bill's enactment date and ending on December 31, 2016. The dividends received are subject to an effective tax rate of 5.25% when repatriated in the United States.

The bill divides tax revenues attributable to such repatriated earnings equally for: (1) federal debt reduction, (2) transfers to the Highway Trust Fund, and (3) adjustments to limitations on defense discretionary spending.

infrastructure military eliminating debt act act bill amends internal_revenue_code allow corporate taxpayers elect tax deduction cash dividends received controlled foreign corporation period beginning bill enactment date ending december dividends received subject effective tax rate repatriated united_states bill divides tax revenues attributable repatriated earnings equally federal debt reduction transfers highway_trust_fund adjustments limitations defense discretionary spending


Summary:
Craft Beverage Bond Simplification Act of 2015

This bill allows taxpayers who are liable for not more than $50,000 per year in excise taxes on distilled spirits, wine, or beer to file and pay such taxes quarterly without the requirement to post a bond covering the operations and withdrawals of such distilled spirits, wines, or beer. The bill also allows such a taxpayer who reasonably expects to have a tax liability of not more than $1,000 per year and who was liable for not more than $1,000 in taxes in the preceding calendar year to file and pay such taxes annually rather than quarterly.

craft beverage bond simplification act bill allows taxpayers liable year excise taxes distilled spirits wine beer file pay taxes quarterly requirement post bond covering operations withdrawals distilled spirits wines beer bill allows taxpayer reasonably expects tax liability year liable taxes preceding calendar year file pay taxes annually quarterly


Summary:
Obamacare Marriage Penalty Elimination Act

This bill amends the Internal Revenue Code, with respect to the tax credit for health care insurance premium assistance, to: (1) calculate the amount of such credit in the case of a joint tax return as the sum of each credit amount allowed to each spouse, thus preventing the tax effect known as the marriage penalty; and (2) replace the 400% poverty line eligibility limit for such credit with an applicable percentage based on a calculation of the combination of increased tax revenues and decreased outlays resulting from this Act.

act bill amends internal_revenue_code respect tax credit health care insurance premium assistance calculate credit case joint tax return sum credit allowed spouse preventing tax effect known marriage penalty replace poverty line eligibility limit credit applicable percentage based calculation combination increased tax revenues decreased outlays resulting act


Summary:
Domestic Research Enhancement Act of 2015

Amends the Internal Revenue Code to allow a research tax credit for 35% of in-house research expenses (contracted research expenses), including any research funded by any grant or contract or by another person or governmental entity.

enhancement act amends internal revenue code allow research tax credit house research expenses contracted research expenses including research funded grant contract person governmental entity


Summary:
Distillery Innovation and Excise Tax Reform Act of 2015

Amends the Internal Revenue Code to reduce the excise tax rate on distilled spirits produced in or imported into the United States from $13.50 to $9.00 per proof gallon and to $2.70 on the first 100,000 proof gallons. Makes the $2.70 per proof gallon rate applicable to a specified controlled group of corporations that is a distilled spirits operation.

distillery innovation excise tax reform act amends internal revenue code reduce excise tax rate distilled spirits produced imported united_states proof gallon proof gallons makes proof gallon rate applicable specified controlled group corporations distilled spirits operation


Summary:
Tanning Tax Repeal Act of 2015

 Amends the Internal Revenue Code to repeal the 10% excise tax on indoor tanning services.

tanning tax repeal act amends internal revenue code repeal excise tax indoor tanning services


Summary:
S Corporation Modernization Act of 2015

Amends the Internal Revenue Code to revise the tax treatment of S corporations by: (1) permanently reducing from 10 to 5 years the period during which S corporation built-in gains are subject to tax, (2) repealing mandatory termination of S corporation elections for excessive passive investment income, (3) allowing S corporations to increase passive investment income from 25 to 60% without incurring additional tax, (4) allowing nonresident aliens to be potential current beneficiaries of an electing small business trust (ESBT), (5) allowing individual retirement accounts to be S corporation shareholders, (6) allowing ESBTs to claim expanded charitable tax deductions, and (7) making permanent the rule requiring a basis adjustment to stock of an S corporation making charitable contributions of property.

corporation modernization act amends internal revenue code revise tax treatment corporations permanently reducing years period corporation built gains subject tax repealing mandatory termination corporation elections excessive passive investment income allowing corporations increase passive investment income incurring additional tax allowing nonresident aliens potential current beneficiaries electing small business trust esbt allowing individual retirement accounts corporation shareholders allowing esbts claim expanded charitable tax deductions making permanent rule requiring basis adjustment stock corporation making charitable contributions property


Summary:
Individual Rate Simplification Act of 2015

This bill amends the Internal Revenue Code to revise individual income tax rates to establish a 20% rate on taxable income of $1 million or less and a 30% rate on taxable income over $1 million for taxable years beginning after December 31, 2015. The bill requires an annual inflation adjustment to the $1 million threshold amount in taxable years beginning after 2016.

individual rate simplification act bill amends internal_revenue_code revise individual income tax rates establish rate taxable income million rate taxable income million taxable years beginning december bill requires annual inflation adjustment million threshold taxable years beginning


Summary:
Craft Beverage Modernization and Tax Reform Act of 2015

Amends the Internal Revenue Code to:

 allow taxpayers who are liable for not more than $50,000 per year in excise taxes on distilled spirits, wine, or beer to file and pay such taxes quarterly without the requirement of posting a bond covering the operations and withdrawals of such distilled spirits, wines, or beer; allow such taxpayers who reasonably expect to have a tax liability of not more than $1,000 per year and who were liable for not more than $1,000 in taxes in the preceding calendar year to file and pay such taxes annually rather than quarterly; exclude the aging period from the production period for beer, wine, or distilled spirits for purposes of determining whether a taxpayer can expense, rather than capitalize, interest costs paid or incurred during the production period; reduce excise tax rates on beer, wine, and distilled spirits produced in the United States; permit the transfer of beer between bonded facilities without payment of tax; modify the definition of "hard cider" for excise tax purposes; and exempt home distillery establishments that produce distilled spirits solely for personal or family use from excise tax and bonding requirements. Directs the Department of the Treasury to amend applicable Treasury regulations with respect to the use of wholesome products suitable for human consumption in the production of fermented beverages.

Amends the Balanced Budget and Emergency Deficit Control Act of 1985 to establish funding levels in FY2016-FY2021 for the enforcement and compliance activities of the Alcohol and Tobacco Tax and Trade Bureau.

craft beverage modernization tax reform act amends internal revenue code allow taxpayers liable year excise taxes distilled spirits wine beer file pay taxes quarterly requirement posting bond covering operations withdrawals distilled spirits wines beer allow taxpayers reasonably expect tax liability year liable taxes preceding calendar year file pay taxes annually quarterly exclude aging period production period beer wine distilled spirits purposes determining taxpayer expense capitalize interest costs paid incurred production period reduce excise tax rates beer wine distilled spirits produced united_states permit transfer beer bonded facilities payment tax modify definition hard cider excise tax purposes exempt home distillery establishments produce distilled spirits solely personal family use excise tax bonding requirements directs department_of_the_treasury amend applicable treasury regulations respect use wholesome products suitable human consumption production beverages amends balanced_budget emergency deficit control act establish funding levels fy2016 fy2021 enforcement compliance activities


Summary:
Responsible Estate Tax Act

Amends the Internal Revenue Code, with respect to estate, gift, and generation-skipping transfer taxes, to: (1) revise estate tax rates to impose an increased tax for estates over $3.5 million and a maximum tax rate of 55% for estates over $50 million, (2) impose a 10% surtax on estates over $500 million, (3) reduce the basic estate tax exclusion amount to $3.5 million, (4) increase to $3 million the reduction in valuations of farmland for estate tax purposes and adjust such increased amount for inflation after 2014, and (5) increase to $2 million the maximum estate tax exclusion for contributions of conservation easements.

Requires that the value of the basis in any property acquired from a decedent or by gift be consistent with the basis as determined for estate and gift tax purposes. Requires executors of estates and donors of gifts required to file a gift tax return to disclose to the Department of the Treasury, and to recipients of any interest in an estate or a gift, information identifying the value of each interest received.

Sets forth estate valuation rules for certain transfers of nonbusiness assets and limits estate tax discounts for certain individuals with minority interests in a business acquired from a decedent.

Expands rules for valuing assets in grantor retained annuity trusts to require that: (1) the right to receive fixed amounts from an annuity last for a term of not less than 10 years and that such fixed amounts not decrease during the first 10 years of the annuity term, and (2) the remainder interest have a value greater than 10% when transferred.

Sets forth rules for the application of transfer taxes to a grantor trust (a trust in which the grantor retains control over the trust assets and has the right to receive income from the trust). Eliminates the generation-skipping transfer tax exemption for any trust whose termination date is not greater than 50 years after its creation.

Modifies the annual gift tax exclusion (currently, $14,000 per donee) to limit the aggregate annual amount of such exclusion to twice the current exclusion amount for certain types of transfers, specifically a transfer in trust, a transfer of an interest in a pass through entity, a transfer of an interest subject to a prohibition on sale, and any other transfer of property that cannot be immediately liquidated by the donee.

responsible estate tax act amends internal revenue code respect estate gift generation skipping transfer taxes revise estate tax rates impose increased tax estates million maximum tax rate estates million impose surtax estates million reduce basic estate tax exclusion million increase million reduction valuations farmland estate tax purposes adjust increased inflation increase million maximum estate tax exclusion contributions conservation easements requires value basis property acquired decedent gift consistent basis determined estate gift tax purposes requires executors estates donors gifts required file gift tax return disclose department_of_the_treasury recipients interest estate gift information identifying value interest received sets forth estate valuation rules certain transfers nonbusiness assets limits estate tax discounts certain individuals minority interests business acquired decedent expands rules valuing assets grantor retained annuity trusts require right receive fixed amounts annuity term years fixed amounts decrease years annuity term remainder interest value greater transferred sets forth rules application transfer taxes grantor trust trust grantor retains control trust assets right receive income trust eliminates generation skipping transfer tax exemption trust termination date greater years creation modifies annual gift tax exclusion currently donee limit aggregate annual exclusion twice current exclusion certain types transfers specifically transfer trust transfer interest pass entity transfer interest subject prohibition sale transfer property immediately liquidated donee


Summary:
Incentivize Corporate America Act of 2015

Amends the Internal Revenue Code to revise the income tax rates on corporations to impose a single 20% rate on corporate taxable income.

america act amends internal revenue code revise income tax rates corporations impose single rate corporate taxable income


Summary:
Invest in America Act of 2015

This bill amends the Internal Revenue Code to modify the formula for calculating the tax on the net capital gains of individual taxpayers to provide for a maximum 15% rate on the adjusted net capital gain of such taxpayers.

invest america act bill amends internal_revenue_code modify formula calculating tax net capital gains individual taxpayers provide maximum rate adjusted net capital gain taxpayers


Summary:
Bring Jobs Back to America Act of 2015

Amends the Internal Revenue Code to reduce the tax rate on current and accumulated foreign earnings of U.S. corporations reinvested in the United States from 35% to 5% and make such lower rate permanent.

bring jobs america act amends internal revenue code reduce tax rate current accumulated foreign earnings corporations reinvested united_states lower rate permanent


Summary: Amends the Internal Revenue Code to exempt the tax deduction for charitable contributions from the limitation on itemized deductions based on taxpayer adjusted gross income.

amends internal revenue code exempt tax deduction charitable contributions limitation itemized deductions based taxpayer adjusted gross income


Summary:
American Solution for Simplifying the Estate Tax Act of 2015

This bill amends the Internal Revenue Code to: (1) allow taxpayers an election to make annual payments of 1% of their modified adjusted gross income for a minimum seven-year period in lieu of existing estate and generation-skipping transfer taxes, (2) allow a step-up in basis for estate property of a taxpayer making an election under this Act, and (3) set forth requirements for the filing of an estate tax return by taxpayers who have made an election under this Act.

bill amends internal_revenue_code allow taxpayers election annual payments modified adjusted gross income minimum seven year period lieu existing estate generation skipping transfer taxes allow step basis estate property taxpayer making election act set forth requirements filing estate tax return taxpayers election act


Summary:
Philanthropic Enterprise Act of 2015

This bill amends the Internal Revenue Code to exempt the holdings of a private foundation in any business enterprise that meet specified requirements relating to exclusive ownership, minimum distribution of net operating income for the charitable purpose (all profits to charity distribution requirement), and independent operation (not controlled by a substantial contributor or family members) from the excise taxes on excess business holdings and unrelated business income.

philanthropic enterprise act bill amends internal_revenue_code exempt holdings private foundation business enterprise meet specified requirements relating exclusive ownership minimum distribution net operating income charitable purpose profits charity distribution requirement independent operation controlled substantial contributor family members excise taxes excess business holdings unrelated business income


Summary:
Charitable Automobile Red-Tape Simplification Act of 2015 or the CARS Act of 2015

This bill amends the Internal Revenue Code, with respect to the tax deduction for charitable contributions, to modify the substantiation rules for donations of qualified vehicles (i.e., motor vehicles manufactured primarily for use on public streets, roads, and highways and boats or airplanes) with a claimed value exceeding $500 but not $2,500, to require: (1) a statement with respect to such qualified vehicles and a good faith estimate of their value at the time of donation; and (2) a contemporaneous written acknowledgement of the contribution by the donee organization, with information about the donor and the qualified vehicle.

cars act bill amends internal_revenue_code respect tax deduction charitable contributions modify substantiation rules donations qualified vehicles motor vehicles manufactured primarily use public streets roads highways boats airplanes claimed value exceeding require statement respect qualified vehicles good faith estimate value time donation contemporaneous written acknowledgement contribution donee organization information donor qualified vehicle


Summary: This bill amends the Internal Revenue Code to set forth a special valuation rule for charitable remainder unitrusts that terminate early for purposes of the tax deduction for charitable contributions.

bill amends internal_revenue_code set forth special valuation rule charitable remainder terminate early purposes tax deduction charitable contributions


Summary:
Protecting Charitable Contributions Act of 2015

This bill provides that the definitions and regulations in effect on January 1, 2015, relating to the substantiation of deductible charitable contributions in excess of $250, shall apply on and after the enactment date of the bill. The Internal Revenue Service shall not issue, revise, or finalize any regulation, revenue ruling, or other guidance relating to such definitions and regulations.

protecting charitable contributions act bill provides definitions regulations effect january relating substantiation deductible charitable contributions excess shall apply enactment date bill internal_revenue_service shall issue revise finalize regulation revenue ruling guidance relating definitions regulations


Summary:
American Business Competitiveness Act of 2015

This bill amends the Internal Revenue Code to:

 reduce the tax rate on the net business income of individual and corporate taxpayers to a maximum 25%; allow full expensing of deductible investment expenses in the current taxable year; redefine "net business income" to allow the deduction of the cost of business purchases; convert to a territorial system for taxing overseas income; apply the same tax rate to interest income of individuals that is applicable to dividends and capital gains income; and allow a five-year carryback of net operating losses and an indefinite carryforward of such losses.

bill amends internal_revenue_code reduce tax rate net business income individual corporate taxpayers maximum allow expensing deductible investment expenses current taxable year redefine net business income allow deduction cost business purchases convert territorial system taxing overseas income apply tax rate interest income individuals applicable dividends capital gains income allow year carryback net operating losses indefinite losses


Summary:
Interest for Others Act of 2016

This bill amends the Internal Revenue Code to allow individuals, trusts, or estates to exclude from gross income up to $50 of interest and money market fund dividend income that is contributed to charity using a program adopted by a financial institution or a money market fund.

Details regarding the payments to charities must be reported to the Internal Revenue Service by any person that: (1) pays certain interest or dividends and has a charitable contribution program, or (2) is an aggregator that receives contributions and makes payments to charities under a program.

interest act bill amends internal_revenue_code allow individuals trusts estates exclude gross income interest money market fund dividend income contributed charity program adopted financial institution money market fund details payments charities reported internal_revenue_service person pays certain interest dividends charitable contribution program receives contributions makes payments charities program


Summary:
No Tax Subsidies for Stadiums Act

This bill amends the Internal Revenue Code to prohibit the use of tax-exempt state and local financing bonds for a professional entertainment facility. A professional entertainment facility is a facility that is used during any five days in a calendar year as: (1) a stadium or arena for professional sports exhibitions, games, or training; or (2) a venue for any entertainment event which has a live audience exceeding 100 individuals and the net earnings from which benefit an individual or entity other than a governmental entity or a tax-exempt organization.

bill amends internal_revenue_code prohibit use tax exempt state local financing bonds professional entertainment facility professional entertainment facility facility days calendar year professional sports exhibitions games training venue entertainment event live audience exceeding individuals net earnings benefit individual entity governmental entity tax exempt organization


Summary:
Technical Corrections Act of 2016

This bill makes technical and clerical amendments to:

 the Protecting Americans From Tax Hikes Act of 2015; the Consolidated Appropriations Act, 2016; the Fixing America's Surface Transportation Act; the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015; the Stephen Beck, Jr., ABLE Act of 2014; the American Taxpayer Relief Act of 2012; the United States-Korea Free Trade Agreement Implementation Act; and other specified provisions of the Internal Revenue Code. The bill also amends various provisions in the Internal Revenue Code that are not used in computing current tax liabilities (referred to as deadwood provisions).

technical corrections act bill makes technical clerical amendments consolidated_appropriations_act fixing_america surface_transportation veterans health care choice improvement act able act american taxpayer relief act specified provisions internal_revenue_code bill amends provisions internal revenue code computing current tax liabilities referred deadwood provisions


Summary:
Sensible Estate Tax Act of 2016

This bill amends the Internal Revenue Code to modify the estate and gift taxes. For the estate tax, the bill increases the rates and decreases the amount that is excluded from the tax. For the gift tax, the bill establishes a separate lifetime exclusion amount. (Under current law, the estate and gift taxes share a unified exclusion amount.)

sensible estate tax act bill amends internal_revenue_code modify estate gift taxes estate tax bill increases rates decreases excluded tax gift tax bill establishes separate lifetime exclusion current law estate gift taxes share unified exclusion


Summary:
Research and Experimentation Advances Competitiveness at Home Act of 2016 or the REACH Act of 2016

This bill amends the Internal Revenue Code to increase the alternative simplified tax credit for research expenses to 20% from the existing rate of 14% (12% for years ending before January 1, 2009).

reach act bill amends internal_revenue_code increase alternative simplified tax credit research expenses existing rate years ending january


Summary:
Middle Class College Tuition Tax Credit Expansion Act of 2016

This bill amends the Internal Revenue Code to replace the Hope Scholarship and Lifetime Learning tax credits with a new American Opportunity Tax Credit that:

 allows an increased income tax credit for the qualified tuition and related expenses of a student who is carrying at least one half of a normal course load, increases the income threshold for reductions in the credit amount based upon modified adjusted gross income, allows a lifetime dollar limitation on such credit of $25,000 for all taxable years, prohibits taxpayers who have fraudulently or recklessly claimed the credit from receiving the credit during a specified disallowance period, and makes 50% of the credit refundable. The bill also allows an exclusion from gross income of any amount received as a Federal Pell Grant.

middle class college tuition tax credit expansion act bill amends internal_revenue_code replace hope scholarship lifetime_learning tax credits new american_opportunity_tax_credit allows increased income tax credit qualified tuition related expenses student carrying half normal course load increases income threshold reductions credit based modified adjusted gross income allows lifetime dollar limitation credit taxable years prohibits taxpayers fraudulently recklessly claimed credit receiving credit specified disallowance period makes credit refundable bill allows exclusion gross income received federal pell grant


Summary:
This bill amends the Internal Revenue Code to treat any qualified ride-sharing service provided after the date of the enactment of this bill and before June 1, 2017, as a qualified transportation fringe benefit that is excluded from an employee's gross income.

A qualified ride-sharing service is transportation provided through a transportation network company if:

 the transportation is in connection with travel between the employee's residence and place of employment, both of which are located within the Washington Metropolitan Area; the employee is an employee of a government agency and receives transit benefits from the agency; and the transportation is through the use of services that utilize innovative mobility technologies to provide alternatives to driving alone. The benefit is subject to a limit on the aggregate amount of certain transportation fringe benefits that may be excluded from gross income.

During the period beginning with the enactment of this bill and ending on the earlier of June 1, 2017, or the completion of the Washington Metropolitan Area Transit Authority's maintenance program (commonly referred to as "SafeTrack"), agencies that provide transit benefits to employees must provide benefits for using transportation network companies within the Washington Metropolitan Area in the same manner as benefits are provided for using public transportation services in the area.

bill amends internal_revenue_code treat qualified ride sharing service provided date enactment bill june qualified transportation fringe benefit excluded employee gross income qualified ride sharing service transportation provided transportation network company transportation connection travel employee residence place employment located employee employee government agency receives transit benefits agency transportation use services utilize innovative mobility technologies provide alternatives driving benefit subject limit aggregate certain transportation fringe benefits excluded gross income period beginning enactment bill ending earlier june completion washington_metropolitan_area_transit_authority maintenance program commonly referred agencies provide transit benefits employees provide benefits transportation network companies manner benefits provided public transportation services area