PAR Act
The PAR Act amends the Internal Revenue Code to remove restrictions on using proceeds from certain tax-exempt bonds for private or commercial golf courses and country clubs. Currently, Section 144 of…
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Federal legislation · 119th Congress
The PAR Act amends the Internal Revenue Code to remove restrictions on using proceeds from certain tax-exempt bonds for private or commercial golf courses and country clubs. Currently, Section 144 of…
This bill amends the Internal Revenue Code to create a refundable tax credit for individuals who purchase qualified access technology for the blind. The credit allows up to $2,000 per qualified blind…
The SWIM Act of 2025 amends the Internal Revenue Code to allow taxpayers to treat qualified water competency and water safety lesson expenses as medical expenses for tax purposes. Eligible expenses in…
This bill excludes from gross income (for federal tax purposes) certain grants received for broadband deployment. As background, contributions of capital to a corporation generally are not taxable in…
This bill repeals the excise tax imposed on wagers (also known as the handle tax) and the occupational tax imposed on businesses receiving taxable wagers. As background, an excise tax on wagers is im…
Cameron's Law This bill increases the orphan drug tax credit to 50% (from 25%) of qualified clinical testing expenses paid or incurred in the development of drugs to treat certain rare diseases or co…
This bill doubles the maximum amount that an individual may claim as a federal tax credit for qualified child and dependent care expenses and increases the maximum amount an employer may claim as a fe…
This bill establishes a tax credit for qualified investments made in certain facilities that are located in a U.S. possession and manufacture drugs, pharmaceuticals, semiconductors, or certain other i…
This bill would repeal the federal estate tax and generation-skipping transfer tax, effective upon enactment. It would also modify the gift tax by establishing a $10 million lifetime exemption (adjust…
This bill increases the amount of gain from the sale of a principal residence that an individual may exclude from gross income (for federal tax purposes). Under the bill, an individual may exclude f…
This bill creates a refundable tax credit for the purchase of a new (2027 model year or later) qualified high energy performance motor vehicle. The bill also modifies the calculation of the excise tax…
This bill increases to $5,000 (adjusted for inflation) the amount of the additional standard deduction allowed for individual taxpayers who are 65 years old or older. Under the bill, the additional…
The CIRCUIT Act amends the Internal Revenue Code to expand the advanced manufacturing production credit under Section 45X to include distribution transformers. The bill provides a 10 percent tax credi…
This bill excludes the gain from the sale of a qualified real property interest under the Readiness and Environmental Protection Integration (REPI) Program from gross income for federal tax purposes.…
This bill increases the excise tax on the net investment income of certain private university and college endowments and expands the number of universities and colleges that are subject to the excise…
This bill makes the paid family and medical leave tax credit permanent, expands eligibility for the credit, requires outreach to increase awareness of the tax credit, and makes other changes to the cr…
No Official Giveaways Of Taxpayers’ Income to Oppressive Nations Act or the NO GOTION Act This bill prohibits certain entities associated with China, Cuba, Iran, North Korea, Russia, or the Maduro re…
This bill expands eligibility for the earned income tax credit (EITC), provides a minimum EITC amount of $1,200 (subject to limitations), and allows an individual to receive the EITC as monthly paymen…
This bill amends the Internal Revenue Code to allow funds in 529 education savings accounts to be used for qualified business trade expenses, specifically for purchasing tangible property (such as too…
This bill amends the Internal Revenue Code to allow Business Development Companies (BDCs) to pass through qualified interest dividends to investors with the same tax deduction treatment as Real Estate…
The Assuring Medicare's Promise Act of 2025 amends the tax code to direct net investment income tax revenues to the Medicare Hospital Insurance Trust Fund and expands the net investment income tax to…
This bill modifies provisions relating to federal funding for, and health insurance coverage of, abortions. Specifically, the bill prohibits the use of federal funds for abortions or for health cover…
This bill increases the annual limit on the tax credit for qualified railroad track maintenance expenses (also referred to as the short line railroad tax credit) and expands eligibility for claiming t…
No Official Giveaways Of Taxpayers’ Income to Oppressive Nations Act or the NO GOTION Act This bill prohibits an entity that is created in, organized in, or controlled (in the aggregate) by China, Ru…
Territorial Tax Equity Parity Act of 2025 This bill modifies the income sourcing rules related to taxation of income from U.S. territories. Under the bill, income is U.S.-sourced income or effective…