Legislative Activity
Track Mike's sponsored bills, co-sponsored legislation, and voting record
This Act establishes an annual National STEM Week, designated by CoSTEM, to promote STEM education, highlight career opportunities, and encourage partnerships between schools, families, and industry leaders.
Mike Carey
Representative
OH
Mike Carey
Representative
OH
The National STEM Week Act establishes an annual celebration designated by the CoSTEM committee to emphasize the importance of Science, Technology, Engineering, and Math education. This week aims to showcase STEM career paths, encourage family involvement, and foster partnerships between schools and industry leaders to improve access and participation. CoSTEM is required to report annually to Congress on the week's activities and their impact on narrowing educational gaps.
The Credit for Caring Act of 2025 establishes a new, partially refundable federal income tax credit for working family caregivers covering qualified expenses exceeding \$2,000, up to a \$5,000 annual limit.
Mike Carey
Representative
OH
Mike Carey
Representative
OH
The Credit for Caring Act of 2025 establishes a new, non-refundable federal income tax credit for working family caregivers who incur significant expenses caring for a relative with long-term care needs. Eligible caregivers can claim a credit equal to 30% of qualified expenses exceeding \$2,000, up to a maximum annual credit of \$5,000. The bill specifies detailed requirements for the care recipient's needs, the types of allowable expenses, and includes income phase-out limits for claiming the benefit.
The "Rural Historic Tax Credit Improvement Act" enhances the rehabilitation tax credit for historic buildings in rural areas, offering increased credit percentages for both affordable housing and other projects, while also enabling the transfer of these credits.
Mike Carey
Representative
OH
Mike Carey
Representative
OH
The "Rural Historic Tax Credit Improvement Act" enhances the rehabilitation credit for historic buildings in rural areas, offering increased credit percentages for both affordable housing and other projects. It allows taxpayers to transfer these credits and removes the basis adjustment, aiming to incentivize the revitalization of rural communities through historic preservation. The bill defines specific criteria for "applicable rural projects" and "affordable housing projects" and introduces recapture rules for non-compliance with affordable housing requirements. These provisions apply to properties placed in service after December 31, 2025.
This bill modifies the tax treatment of intangible drilling and development costs, aligning depreciation and depletion deductions more closely with taxable income calculations, effective for taxable years after 2025.
Mike Carey
Representative
OH
Mike Carey
Representative
OH
The "Promoting Domestic Energy Production Act" revises the tax treatment of intangible drilling and development costs for oil and gas operations. It modifies how these costs are handled when calculating adjusted financial statement income, aligning depreciation and expense deductions more closely with taxable income standards. These adjustments impact depreciation deductions under section 167 and deductions for expenses under section 263(c) of the Internal Revenue Code. The changes will be effective for taxable years starting after December 31, 2025.