US HB6629 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on April 28 2020 - 25% progression, died in committee
Action: 2020-04-28 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 28 2020 - 25% progression, died in committee
Action: 2020-04-28 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows employers a employment tax credit for qualified bonuses paid to their employees after March 12, 2020, and before January 1, 2021. The credit is equal to 50% of such bonuses paid in a calendar quarter taking into account not more than $25,000 for any employee for all calendar quarters. The bill defines qualified bonus as wages paid to an employee that include overtime or hazardous pay, supplemental payments made for the convenience of the employer, payments to retain staff at essential facilities, or other payments made to employees due to extraordinary businesses and economic conditions.
Title
Patriot Bonus Tax Credit Act of 2020
Sponsors
Rep. Bill Huizenga [R-MI] | Rep. Scott Perry [R-PA] |
History
Date | Chamber | Action |
---|---|---|
2020-04-28 | House | Referred to the House Committee on Ways and Means. |
2020-04-28 | House | Introduced in House |
Subjects
Appropriations
Disability assistance
Employment taxes
Government trust funds
Income tax credits
Social security and elderly assistance
Tax administration and collection, taxpayers
Taxation
Wages and earnings
Disability assistance
Employment taxes
Government trust funds
Income tax credits
Social security and elderly assistance
Tax administration and collection, taxpayers
Taxation
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/6629/all-info |
Text | https://www.congress.gov/116/bills/hr6629/BILLS-116hr6629ih.pdf |