Legislative Activity
Track Nathaniel's sponsored bills, co-sponsored legislation, and voting record
This bill rescinds any unspent funds previously allocated to the IRS for specific activities. This is from the Public Law 117-169.
Adrian Smith
Representative
NE
Adrian Smith
Representative
NE
The "Family and Small Business Taxpayer Protection Act" rescinds any unspent funds that were previously allocated to the IRS. These funds were intended for specific activities outlined in section 10301 of Public Law 117-169. The rescission is effective from the date of the enactment of this act.
The "Lowering Costs for Caregivers Act of 2025" expands the use of health savings accounts, flexible spending arrangements, health reimbursement arrangements, and Archer MSAs to include medical expenses of parents, allowing more flexible use of these funds for elder care. These changes aim to provide tax relief and greater financial flexibility for families supporting their parents' healthcare needs.
Vern Buchanan
Representative
FL
Vern Buchanan
Representative
FL
The "Lowering Costs for Caregivers Act of 2025" expands the use of tax-advantaged health accounts, including HSAs, FSAs, HRAs and Archer MSAs, to cover medical expenses of parents. This allows individuals to use these funds for their parents' or their spouse's parents' medical care. These changes aim to provide financial relief to caregivers by allowing pre-tax dollars to be used for elder care. The provisions apply to expenses and contributions made after December 31, 2024.
The TCJA Permanency Act makes permanent several tax changes that were enacted in 2017, affecting individual income tax rates, deductions, credits, the Alternative Minimum Tax, and estate and gift tax exemptions. These adjustments aim to provide long-term stability and clarity in the tax code for individuals, families, and businesses.
Vern Buchanan
Representative
FL
Vern Buchanan
Representative
FL
The TCJA Permanency Act makes permanent several tax provisions that were enacted as part of the 2017 Tax Cuts and Jobs Act (TCJA) and were set to expire. These provisions include modifications to individual income tax rates and brackets, the standard deduction, the child tax credit, and the estate and gift tax exemption. The act also increases the exemption for the Alternative Minimum Tax (AMT) and adjusts the phase-out thresholds. Additionally, it includes various changes affecting deductions, credits, and exclusions for individuals, families, businesses, and estates.