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Economic Freedom Zones Act of 2015
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
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0d open
vs 3,548 other S bills in the 114th — cohort avg 43d
Economic Freedom Zones Act of 2015 Prohibits federal assistance (e.g., loans, loan guarantees, or purchases) from being provided to: (1) a municipality or a zip code (eligible entity), other than an entity that is designated an Economic Free Zone by this Act; (2) a municipality that is a debtor in a bankruptcy proceeding; or (3) a municipality that is insolvent. Sets forth requirements for the designation of an eligible entity that is a municipality as an Economic Freedom Zone for a 10-year period, including bankruptcy eligibility, insolvency, or pervasive poverty, unemployment, and general distress. Amends the Internal Revenue Code to provide tax incentives for investment in an Economic Freedom Zone, including; (1) a 5% flat tax rate on the taxable income of individuals and corporations, (2) a 0% capital gains tax rate for gain from the sale or exchange of Economic Freedom Zone assets or real property, (3) reduced employment tax rates, and (4) an increase in the expensing allowance for business property in an Economic Freedom Zone. Exempts an area designated as an Economic Freedom Zone from: (1) compliance with specified environmental regulations, (2) requirements applicable to a National Heritage Area, and (3) wage rate requirements under the Davis-Bacon Act. Amends the Internal Revenue Code to allow: (1) a tax credit, up to $5,000 in a taxable year for the elementary and secondary education expenses of a student attending a public, private, or religious school whose principal residence is located in an Economic Freedom Zone; (2) a tax-exempt Economic Freedom Zone educational savings account for individuals whose principal residence is located in an Economic Freedom Zone; and (3) a tax credit, in lieu of a tax deduction, for contributions to a charitable organization serving individuals in an Economic Freedom Zone. Amends the Elementary and Secondary Education Act of 1965 to allow a special allocation of grant funds under such Act for the benefit of children from families residing in an Economic Freedom Zone whose incomes are below the federal poverty level. Authorizes the Secretary of Homeland Security (DHS), in collaboration with the Secretary of Labor, to issue Special Economic Freedom Zone Visas to aliens meeting certain educational and skill requirements who intend to enter the United States to invest in an Economic Freedom Zone. Expresses the sense of the Senate that state and local governments should review and adopt specified policy recommendations relating to pension reform, tax reduction, adoption of school choice options, adoption of right-to-work laws, streamlining the regulatory burden, and reducing or fixing abandoned structures.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (2)
2016 · second_quarter · Taxation/Internal Revenue Code
HR 4723- repayments of Affordable Care Act tax credits when income/family situation changes ACA and tax treatment of health care, alternatives to the ACA, ending the tax exclusion for employer-provided health care, policies to rein in prescription drug costs HR 1270- bill to increase repayments of ACA tax credits and expand health savings accounts Financial Transaction Tax HR 2889, S 1686- Carried Interest Fairness Act HR 1464, S 1127- Stop Subsidizing Multimillion Corporate Bonus Act Tax extenders, including Active Financing Exception; CFC Look-Through Rule; Research and Experimentation Tax Credit; Bonus Depreciation; Section 179 Expensing Federal income tax exclusion for interest on state and local government public purpose bonds Corporate tax, including rates, loopholes, territorial Repatriation tax rate and rules S 174, HR 297- Tax on international firms (e.g. Stop Tax Haven Abuse Act and Schumer-Portman International Tax Plan) S 198, HR 415- Tax on inversions (e.g. Stop Corporate Inversions Act) Federal tax reform impact on state and local government revenue S 698, HR 2775, Omnibus- State and local tax on internet/remote sales HR 1643, S 851- Digital Goods and Services Tax Fairness Act HR 2584- Business Activity Tax Simplification Act S 386, HR 2315- Mobile Workforce State Income Tax Simplification Act State and local tax on wireless phone services S 790- Economic Freedom Zones Act of 2015
Read twice and referred to the Committee on Finance.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $660,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Social Security Administration (SSA), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2016 · second_quarter · Taxation/Internal Revenue Code
HR 4723- repayments of Affordable Care Act tax credits when income/family situation changes ACA and tax treatment of health care, alternatives to the ACA, ending the tax exclusion for employer-provided health care, policies to rein in prescription drug costs HR 1270- bill to increase repayments of ACA tax credits and expand health savings accounts Financial Transaction Tax HR 2889, S 1686- Carried Interest Fairness Act HR 1464, S 1127- Stop Subsidizing Multimillion Corporate Bonus Act Tax extenders, including Active Financing Exception; CFC Look-Through Rule; Research and Experimentation Tax Credit; Bonus Depreciation; Section 179 Expensing Federal income tax exclusion for interest on state and local government public purpose bonds Corporate tax, including rates, loopholes, territorial Repatriation tax rate and rules S 174, HR 297- Tax on international firms (e.g. Stop Tax Haven Abuse Act and Schumer-Portman International Tax Plan) S 198, HR 415- Tax on inversions (e.g. Stop Corporate Inversions Act) Federal tax reform impact on state and local government revenue S 698, HR 2775, Omnibus- State and local tax on internet/remote sales HR 1643, S 851- Digital Goods and Services Tax Fairness Act HR 2584- Business Activity Tax Simplification Act S 386, HR 2315- Mobile Workforce State Income Tax Simplification Act State and local tax on wireless phone services S 790- Economic Freedom Zones Act of 2015
Client expense: $650,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Social Security Administration (SSA), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2015 · third_quarter · Medicare/Medicaid
S. 776 - Medication Therapy Empowerment Act of 2015; H.R. 1021 - Protecting the Integrity of Medicare Act of 2015; H.R. 1270 - Restoring Access to Medication Act of 2015; S. 790- Restoring Access to Medication Act of 2015; J.R. 2- Medicare Access and Chip Reauthorization Act of 2015; H.Res. 173- Providing For Consideration of the Bill (H.R. 2) to Amend Title XVII of the Social Security Act of Repeal the Medicare Sustainable Growth Rate;
Client expense: $575,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Defense, Dept of (DOD), Drug Enforcement Administration (DEA), Food & Drug Administration (FDA), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Health Resources & Services Administration (HRSA), Office of Management & Budget (OMB), Office of Natl Drug Control Policy (NDCP), Office of Personnel Management (OPM), SENATE
2015 · second_quarter · Medicare/Medicaid
S. 776 - Medication Therapy Empowerment Act of 2015; H.R. 1021 - Protecting the Integrity of Medicare Act of 2015; H.R. 1270 - Restoring Access to Medication Act of 2015; S. 790- Restoring Access to Medication Act of 2015; S. 810- SGR Repeal and Medicare Provider Payment Modernization Act of 2015; J.R. 2- Medicare Access and Chip Reauthorization Act of 2015; H.Res. 173- Providing For Consideration of the Bill (H.R. 2) to Amend Title XVII of the Social Security Act of Repeal the Medicare Sustainable Growth Rate; H.R. 592- Pharmacy Medically Underserved Areas Enhancement Act of 2015; S. 314- Pharmacy and Medically Underserved Area Enhancement Act of 2015
Client expense: $625,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Defense, Dept of (DOD), Drug Enforcement Administration (DEA), Food & Drug Administration (FDA), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Health Resources & Services Administration (HRSA), Office of Management & Budget (OMB), Office of Personnel Management (OPM), SENATE