Us Congress 2025-2026 Regular Session

House Ways and Means Committee Bills & Legislation (Page 7)

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Us Congress 2025-2026 Regular Session

Us Congress House Bill HB365

Introduced
1/13/25  
Territorial Tax Parity Act of 2025
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Us Congress 2025-2026 Regular Session

Us Congress House Bill HB368

Introduced
1/13/25  
Territorial Tax Parity and Fairness Act
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Us Congress 2025-2026 Regular Session

Us Congress House Bill HB371

Introduced
1/13/25  
No Hires for the Delinquent IRS Act This bill prohibits the hiring of additional Internal Revenue Service (IRS) employees until the Department of the Treasury publicly certifies in writing that the IRS does not employ any individual who has a seriously delinquent tax debt.The bill defines seriously delinquent tax debt as an outstanding tax debt for which a notice of lien is filed in public records, but excluding tax debtsbeing paid pursuant to an installment agreement or offer-in-compromise,for which collection action is suspended because a due process hearing or innocent spouse relief is requested,subject to levy, orreleased from levy due to economic hardship.
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Us Congress 2025-2026 Regular Session

Us Congress House Bill HB374

Introduced
1/13/25  
DIRECT Act Diverting IRS Resources to the Exigent Crisis Today Act
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Us Congress 2025-2026 Regular Session

Us Congress House Bill HB358

Introduced
1/13/25  
No Corruption in Government Act Prohibit Insider Trading Act
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Us Congress 2025-2026 Regular Session

Us Congress House Bill HB524

Introduced
1/16/25  
NO GOTION Act No Official Giveaways Of Taxpayers’ Income to Oppressive Nations Act
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Us Congress 2025-2026 Regular Session

Us Congress House Bill HB508

Introduced
1/16/25  
Bring American Companies Home Act This bill requires the Department of the Treasury to establish a program and regulations allowing U.S. persons (U.S. citizens or residents, domestic partnerships or corporations, or estates and trusts) to deduct in the tax year incurred costs of moving inventory, equipment, and supplies used in a trade or business from China to the United States.The bill alsoestablishes a trust fund and appropriates to such fund tariff amounts collected by the United States on goods manufactured in China,appropriates from such trust fund to the general fund of the Treasury amounts equivalent to the reduction in revenue resulting from the tax deduction, andrequires amounts to be transferred between funds at least monthly.
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Us Congress 2025-2026 Regular Session

Us Congress House Bill HB480

Introduced
1/16/25  
Methane Border Adjustment Mechanism Act
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Us Congress 2025-2026 Regular Session

Us Congress House Bill HB536

Introduced
1/16/25  
Agricultural Environmental Stewardship Act of 2025This bill extends for one year the energy investment tax credit for qualified biogas property (property that converts biomass into methane and captures the gas for sale or productive use).Under the bill, the energy investment tax credit (as part of the general business tax credit) is allowed for investments in qualified biogas property for which construction begins on or before December 31, 2025. (Under current law, to qualify for the tax credit, construction of qualified biogas property must begin on or before December 31, 2024.)
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Us Congress 2025-2026 Regular Session

Us Congress House Bill HB481

Introduced
1/16/25  
Protecting Homeowners from Disaster Act of 2025 This bill repeals the limit on the itemized tax deduction for unreimbursed personal casualty losses. Specifically, the bill repeals a provision that generally limits the deduction for tax years 2018-2025 to losses that are attributable to a federally declared disaster. The bill applies to losses sustained after 2024. 
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Us Congress 2025-2026 Regular Session

Us Congress House Bill HB509

Introduced
1/16/25  
Western Hemisphere Nearshoring Act
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Us Congress 2025-2026 Regular Session

Us Congress House Bill HB523

Introduced
1/16/25  
Permanent Tax Cuts for American Families Act of 2025 This bill makes permanent the increased standard tax deduction amounts enacted in 2017 as part of the Tax Cuts and Jobs Act. Under current law, the standard tax deduction consists of a statutory base amount that is adjusted annually for inflation. For tax years 2018-2025, the Tax Cuts and Jobs Act increased the standard tax deduction statutory base amounts to $24,000 (from $6,000) for joint filers, $18,000 (from $4,400) for head-of-household filers, and $12,000 (from $3,000) for single filers, which almost doubled the inflation-adjusted standard tax deduction amount for most taxpayers.Under the bill, the increased standard tax deduction statutory base amounts of $24,000 for joint filers, $18,000 for head-of-household filers, and $12,000 for single filers are made permanent. The bill also makes permanent the annual adjustments to such amounts for inflation.
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Us Congress 2025-2026 Regular Session

Us Congress House Bill HB559

Introduced
1/20/25  
Seniors in the Workforce Tax Relief ActThis bill establishes a new above-the-line federal tax deduction through 2029 for individuals who attain the age of 65 before the end of the tax year. (Above-the-line deductions are subtracted from gross income to calculate adjusted gross income.)Under the bill, the amount of the tax deduction is $25,000 for individuals (or $50,000 for joint filers and surviving spouses) and begins to phase out for individuals with an adjusted gross income over $100,000 (or $200,000 for joint filers and surviving spouses). 
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Us Congress 2025-2026 Regular Session

Us Congress House Bill HB560

Introduced
1/20/25  
Second Job Tax Relief Act of 2025
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Us Congress 2025-2026 Regular Session

Us Congress House Bill HB558

Introduced
1/20/25  
Tip Tax Termination Act This bill excludes from gross income for federal tax purposes up to $20,000 of eligible tips received during the tax year. The bill also requires the Internal Revenue Service to modify the tables and procedures used to withhold federal income tax from wages to take into account eligible tips excluded from gross income. The bill defines eligible tips as amounts received while performing services in a position that generally relies on tips as part of wages, including cosmetology, hospitality, and food service.Further, under the bill, the amount of eligible tips excluded from gross income must not be included in determining federal tax deductions or credits, except for purposes of calculating the child tax credit and earned income tax credit.Finally, the exclusion from gross income only applies to eligible tips received before 2030.