news
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Thompson, Reed, Posey Introduce Motorsports Fairness and Permanency Act Provides tax certainty for motorsports industry
Washington – Today House Ways and Means Select Revenue Measures Subcommittee Chairman Rep. Mike Thompson (CA-05), Representative Tom Reed (NY-23) andRepresentative Bill Posey (FL-08), Co-Chair of the Congressional Motorsports Caucus, announced the introduction of the bipartisan Motorsports Fairness and Permanency Act, a bill that makes permanent the seven-year cost recovery period for motorsports entertainment complexes, giving these economic drivers the tax certainty needed to make long-term investments in safe racing environments
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Thompson, Calvert, Harris and Feinstein Reintroduce Earthquake Mitigation Legislation Bill would exclude mitigation incentives from federal taxation
Washington – Today House Ways and Means Subcommittee on Select Revenue Measures Chairman Mike Thompson (CA-05), Rep. Ken Calvert (CA-42), Senator Kamala Harris (D-CA), and Senator Dianne Feinstein (D-CA) announced the reintroduction of the Earthquake Mitigation Incentive and Tax Parity Act, legislation that makes incentives for residential seismic retrofits tax-free at the federal level. This will help expand earthquake mitigation efforts and bring the federal policy in line with California state policy.
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Thompson Lauds IRS Guidance Clarifying Essential Housing Financing Available for Veterans and Farmworkers
Washington – Today House Ways and Means Select Revenue Measures Subcommittee Chairman Mike Thompson (CA-05) announced that the Internal Revenue Service (IRS) has issued much-needed guidance clarifying that tax-exempt Private Activity Bonds (PABs) can be used to help finance housing projects for veterans, farmworkers and other populations.
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Thompson Votes to Advance Legislation to Expand Retirement Savings and Revamp IRS Bills reported out of House Committee on Ways and Means
Washington – Today House Ways and Means Subcommittee on Select Revenue Measures Chairman Mike Thompson (CA-05) voted to advance several, bipartisan proposals out of the full Ways and Means Committee. Most notably, Thompson voted to advance the SECURE Act, legislation to expand retirement savings opportunities, and the Taxpayer First Act, a bill to modernize the Internal Revenue Service (IRS) so it better serves taxpayers. A statement from Thompson is below.
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Thompson Leads Call to Require Defense Department to Buy American-Made Flags Bipartisan request made by record 46 Members
Washington – Today Rep. Mike Thompson (CA-05) led a letter requesting the Department of Defense be required to only purchase American flags made in the United States. This letter was signed by 46 Members of Congress from both parties and text is included below.
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Thompson Announces Record Bipartisan Support for NICS Funding 188 Members agree on strong funding for background checks system
Washington – Today Gun Violence Prevention Task Force Chairman Mike Thompson (CA-05) announced that a record 188 Members of Congress have signed his letter to appropriators requesting strong funding for the National Instant Background Checks System (NICS).
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Thompson and Kelly Introduce Legislation to Help Stop Abuse of Conservation Tax Incentive Bill supports legitimate use of open space through charitable donations
Washington – Today Rep. Mike Thompson (CA-05), Chair of the House Ways and Means Subcommittee on Select Revenue Measures and Rep. Mike Kelly (PA-16) announced the introduction of the Charitable Conservation Easement Program Integrity Act of 2019.
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Thompson Recognizes Mary Jane Bowker as 2019 Woman of the Year in Napa County Recognized for tireless efforts as an organizer and leader in Napa County
Napa, CA – Today Rep. Mike Thompson (CA-05) formally announced Mary Jane Bowker as this year’s Woman of the Year in Napa County. Each year, Thompson honors women from the Fifth Congressional District who make exceptional contributions to our community.
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Thompson and Huffman Announce Extension of Direct Housing Assistance for 2017 Fire Survivors Extension granted to those seeking aid with housing after October fires
Washington – Today Rep. Mike Thompson (CA-05) and Rep Jared Huffman (CA-02) announced that the Federal Emergency Management Agency (FEMA) has granted an extension for the Direct Temporary Housing Program which provides affordable housing for home owners and renters who had their homes destroyed in the October 2017 fires. Thompson and Huffman wrote to FEMA asking for an extension earlier this month.
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Thompson Announces 2019 Fifth Congressional District Art Competition High school students urged to submit artwork
Washington – Today Rep. Mike Thompson (CA-05) announced that he is now accepting applications for the 2019 Fifth Congressional District Art Competition, open to high school students. This annual competition showcases the artistic talents and ability of students in all 50 states, the District of Columbia, and the U.S. territories. All winning pieces are displayed in the United States Capitol.