Legislative Activity

The Disaster Related Extension of Deadlines Act modifies tax code sections 6511(b)(2)(A) and 6303(b) to extend deadlines for claiming tax credits or refunds and issuing tax payment notices when disasters postpone tax return filings. These changes apply to claims filed and notices issued after the enactment of this law, ensuring taxpayers are not penalized due to disaster-related delays.

The BAH Restoration Act seeks to restore the Basic Allowance for Housing (BAH) to cover 100% of housing costs for service members. This bill amends title 37 of the United States Code, ensuring that the monthly BAH for uniformed service members matches the full cost of adequate housing in their area based on pay grade and dependency status, as determined by the Secretary of Defense.

The "Stop Predatory Investing Act" amends the Internal Revenue Code to disallow both interest and depreciation deductions for taxpayers who own 50 or more single-family residential rental properties, with exceptions for sales to individuals for use as a primary residence or to qualified nonprofit organizations. This disallowance does not apply to properties sold to individuals who will use them as their primary residence, or to qualified nonprofit organizations. The bill defines single-family residential rental property and specifies the types of nonprofit organizations that qualify for the exception. It also clarifies that disallowed interest cannot be capitalized or treated as chargeable to a capital account.

The "Rent Relief Act of 2025" introduces a tax credit for individuals who spend over 30% of their gross income on rent for their primary residence. The credit covers a percentage of rent exceeding this threshold, capped at the small area fair market rent, with higher limits in high-cost areas. It also allows those in subsidized housing to elect for a credit equal to 1/12 of the rent they paid during the year. Taxpayers can elect to receive advance monthly payments of the credit.

The "Downpayment Toward Equity Act of 2025" aims to address historical inequities in homeownership by providing down payment assistance to first-generation homebuyers. The bill establishes a grant program for states and eligible entities to offer down payment assistance, closing costs assistance, and interest rate reductions to qualified homebuyers. It prioritizes those with incomes up to 120% of the area median income, or 140% in high-cost areas, with a focus on ensuring fair housing practices. The bill also mandates housing counseling for recipients and requires detailed reporting to Congress on the program's impact and demographic reach.

The "Capping Prescription Costs Act of 2025" aims to lower prescription drug costs by setting annual cost-sharing limits. Starting in 2026, individual out-of-pocket expenses for prescription drugs will be capped at $2,000, and family expenses at $4,000 under qualified health plans. These limits will be adjusted annually based on the consumer price index. The act also ensures that group health plans adhere to cost-sharing limits set by the Affordable Care Act.

This resolution honors the remarkable life and legacy of President Jimmy Carter, recognizing his extensive public service, humanitarian efforts, and courageous advocacy. It celebrates his achievements as a Georgia State Senator, Governor, and President, including his role in the Camp David Accords and the establishment of the Department of Education. The resolution further acknowledges Carter's impactful post-presidency work through The Carter Center and his dedication to human rights and global peace. It also expresses sympathy to the Carter family on their loss.